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DAILY CORPORATE NEWS
ITC falls after committee recommends steep 40% GST on tobacco products
Shares of ITC slipped over 3%, touching to Rs324.1, after a committee recommended sin/demerit rate at about 40% for tobacco and tobacco products.
Siemens wins order worth from Diesel Locomotive Works; stk up
Siemens gained over 2%, touching to Rs1190, after company won an order worth approximately Rs377 crore from Indian Railways.
Siemens announced that it has won a crucial order approximately worth Rs377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi. The scope of work for the project involves supply of 1,890 traction motors for 4,500 horsepower (HP) diesel electric locomotives. The traction motors will be produced at Kalwa factory of Siemens.
Essar Oil delisting offer begins on Dec 15th
Essar Oil delisting offer begins on Dec 15th and closes on Dec 21st , delisting to determine price by reverse book building, Floor price for delisting raised to Rs146.05 per share.
Hindalco looks to exit copper mining
As per media reports Hindalco Industries Ltd is planning to sell its sole copper mine to focus on its smelting business in India.
In September, Aditya Birla Minerals Ltd, a Hindalco subsidiary in Australia, sold its Mt Gordon copper mine.
Chennai Petro - Emergency Shutdown of Manali & CBR Refinery
Chennai Petro - Emergency Shutdown of Manali & CBR Refinery due to heavy rains and water logging
Chennai Petroleum Corporation Ltd has informed BSE that due to heavy rains and water logging in the Refinery premises, as a precautionary safety measure, the Manali Refinery of CPCL was shutdown effective December 02, 2015 (night), and the Cauvery Basin Refinery at Nagapattinam was shutdown effective December 06, 2015
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