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DAILY CORPORATE NEWS
WPI Inflation November 2015 comes at -1.99%
Due to rise in food articles inflation (5.2% Vs 2.3% MoM) the WPI inflation was higher than consensus at -1.99% though it continued to remain in negative zone.
The manufacturing inflation was also in negative territory (-1.42%Vs -1.67% MoM)
Natco receives Generic Daclatasvir approval for India
Natco Pharma Ltd has informed regarding a Press Release dated December 14, 2015 titled 'Natco receives Generic Daclatasvir approval for India'
Petron Engineering receives Rs22.50 crore Receipt of Order
Petron Engineering Construction Ltd has informed that the Company has received Letter of Intent from The Ramco Cements Limited for Civil and Mechanical works for Capacity up gradation of Line-1 Cement Plant and Captive Power Plant at Jayanthipuram for a contract value of Rs22,50,00,000/- (Rupees Twenty-two Crores Fifty Lakhs Only).
DCB Bank reduces Base Rate by 15 bps
DCB Bank has announced the reduction in Base Rate by 15 bps.
IOC plans Rs1.75 crore of capex plan for next seven years
Indian Oil Corporation ( IOC) plans to invest Rs1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and laying pipelines.
The plan includes spending Rs34,555 crore in the 15 million tons a year towards Paradip oil refinery in Odisha, expansion of refinery projects and raising Panipat refinery capacity to 20.2 million tons from 15 million tons at a cost of Rs15,000 crore as well as raising capacity at Koyali, Mathura and Barauni units by 2020
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