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Friday, March 27, 2015

TOP CORPORATE NEWS-27 Mar 2015

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Bajaj launches new Pulsar RS200
Bajaj Auto has launched the Pulsar RS200 which is a fully faired version. The RS200 is priced at Rs1.18 lakh (ex-showroom Delhi) for the non-ABS variant and Rs1.3 lakh for the ABS variant. The vehicle is powered by a 200cc liquid cooled engine with fuel injection and develops 24.5PS of power. The new Pulsar also has features such as projector headlamps, LED tail lamps, mono shock rear suspension in addition to ABS.

Sesa Sterlite surges after merger of Goa Energy
Sesa Sterlite said that the High Court of Bombay at Goa had approved the Scheme of Amalgamation of the Goa Energy with the company on March 12, 2015. Subsequent to filling the necessary forms, the merger Scheme is effective from March 24, 2015. Since Goa Energy was a wholly owned subsidiary of the company, no new shares are issued pursuant to the scheme, Sesa Sterlite said.

TCS launches smart phone app 'Elect UK'
Tata Consultancy Services launched 'Elect UK', a smart phone application that allows users to track, analyse and visualise Twitter conversations about 2015 UK General Election.
Elect UK has been created to engage users by turning their smart phone into a Big Data media analytical tool. The application is free to download and is available on both iOs and Android devices.

Bharti Airtel bids total Rs 29,130 crore in Spectrum Auctions
Bharti Airtel announced that it has acquired 111.6 MHz of prime spectrum across 900 MHz, 1800 MHz and 2100 MHz bands for a total consideration of Rs29,130 crore in the just concluded spectrum auction conducted by the Government of India. Of this, Rs17,618 crore has been spent on the renewal of existing spectrum while the balance Rs11,512 crore has been spent on procuring new spectrum.

Govt lowers domestic gas price by 10%
The government today (March 27, 2015) lowered the price of domestically produced natural gas by over 10% to $5.02 per mm Btu from $5.6 per unit, the first ever reduction in the rates of the fuel.
The new price will be effective from April 1. Natural gas price was raised from $4.2 per mm Btu to $5.61 per mm Btu effective November 1, 2014.

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