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DAILY CORPORATE NEWS
SBI issues 30,000 Basel III compliant Tier-II bonds; stk up
State Bank of India (SBI) rose over 2%, to Rs163.30, after the bank raised Rs3000 crore through issue of bonds on private placement basis.
Leading PSU Bank, State Bank of India has said that it has issued 30,000, Basel III compliant, Tier-II bonds in the nature of debentures, of face value of Rs10, 00,000 each.
Ultratech purchases two cement plants of JP Associates
JP Associates, Ultratech – As per media reports, Ultratech’s purchase of two cement plants of JP Associates in Madhya Pradesh will be folded into a larger transaction under which JP Associates is seeking to divest its entire cement capacity.
However, both the companies have declined to comment on the issue. If the development goes through, it would be positive for both JP Associates and Ultratech.
Bajaj Auto launches CT100B for Rs30,990
Indian two wheeler manufacturer Bajaj Auto has launched its CT100B");'> CT100B commuter motorcycle, priced at Rs30,990 (ex showroom Delhi). It is powered by the same 99cc engine from the older CT100 producing 8.2PS of power.
Tata Global gains on expansion plans
Shares of Tata Global Beverages gained over 2% to Rs106.15 on NSE in an otherwise subdued markets on reports that the company is looking to accelerate Starbucks store expansion
After going slow on expansion of Starbucks outlets owing to a host of reasons, including issues with FSSAI, Tata Global Beverages plans to enhance the pace of increasing the network of the coffee chain going forward.
SpiceJet surges 5% on robust sales in Jan
Shares of SpiceJet rose 5% to Rs68.80 on Bombay Stock Exchange (BSE) after latest data by the Directorate General of Civil Aviation (DGCA) indicate that the airline has managed to register the highest passenger load factor in January.
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