Sectoral and Corporate News Update by Sharetipsinfo
Sectoral Update:
1. Delinquency rates of commercial vehicle loans rise by 20%: Equifax India
2. India post as bank most suited for financial inclusion in rural areas: Assocham
3. Passenger travel expected to increase strongly over year ahead: IATA
4. Slowing credit growth may affect BRICMT bank's asset quality: S&P
5. Indian airline losses in excess of USD 500 mn in Q2: CAPA
Corporate News Update:
1. DLF awards Rs 13.37 bn residential project to L&T
2. L&T bags orders worth Rs 13.33 bn
3. Pratibha Industries bags order worth Rs 3.21 bn
4. Punj Lloyd bags order worth Rs 2.75 bn
5. Sadbhav Engg emerges successful bidder for Rs 2.63 bn project
6. Alstom T&D bags Rs 1.06 bn order from NPGCL
7. Strides arm inks collaboration pact with Bio-Scaffold Int'l
8. Unichem Lab gets USFDA nod for Amlodipine Besylate tablets
9. Tata Chemicals launches FarmGro and FarmGro G for plant growth
10. GAIL signs gas co-operation agreement with Bihar govt
11. Tata Steel launches new facility for rail in Lorraine, France
12. Yes Bank inks pact with Brickwork Ratings
13. DQ Entertainment secures new contracts worth Rs 2.22 bn in Q2
14. Zydus gets USFDA nod to initiate clinical trials for ZYDPLA1
15. Welspun Corp gets shareholders nod to demerge non core biz
16. ICICI Bank arm inks strategic alliance with GCA Savvian
17. Ashoka Buildcon bags three contracts worth Rs 320.7 mn
18. Relinace Jio gets unified licence
19. UK controller to withdraw approval for Wockhardt's Daman plant
20. Tata Steel bags rail track order from UK Network Rail
21. TTML denies merger talks with Tata Teleservices
22. JB Chemicals receives USFDA approval for Tinidazole
23. MBSL emerges as largest solar EPC player in India
24. TCS signs multi-mn deal with Bombardier Transportation
25. AIA Engineering acquires 1.21% in Welcast Steels
26. Ranbaxy receives CDSCO nod to market Synrian in India
27. Greaves Cotton arm unveils auxiliary power solutions
28. Tata Power arm commissions 10MW solar plant in Karnataka
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