Market news

Our Bureau Coimbatore | Updated on January 30, 2012

Workers of Gangotri Textiles Ltd's unit-VIII at SIPCOT Industries growth centre at Perundurai have gone on strike with effect from January 24 following dispute over wage revision and the unit is under lock-out from that day onwards.

IVRCL Assets & Holdings Ltd, a subsidiary of IVRCL Ltd, has bagged the project for six-laning of Raipur-Bilaspur section of NH 200 for a length of 127 km in Chattisgarh to be executed as BOT (toll) project from NHAI. The value of the contract is about Rs 1,300 crore.

Punjab National Bank's board of directors on January 30 approved the issuance of equity shares of Rs 10 each at such price as may be decided according to SEBI (ICDR) Regulations on preferential basis in favour of Government of India aggregating Rs 1,285 crore subject to necessary approvals

State Bank of India has said that the Government of India (GoI) on Monday has conveyed its approval under Section 5(2) of the SBI Act to increase the issued capital of SBI by way of preferential allotment of equity shares to GoI to the extent of approximately Rs 7,900 crore.

Published on January 30, 2012

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