·         OBC reduces base rate to 9.90% p.a.

 Oriental Bank of Commerce ( OBC) announced that the Bank has reduced Base Rate from 10.00% p.a. to 9.90% p.a. w.e.f. August 17, 2015.

·          Jaypee Cement wins Majra mine in Maharashtra

Jaypee Cement, a subsidiary of JP Associates won the Majra mine in Maharashtra for Rs1230 per tone. The extractable reserves of the mine are 14.92 tonne and the floor price at which bidding started was Rs800 per tone. The company will pay the state government Rs1853.26 crore for a period of 30 years.
·         Balaji Telefilms launches new venture ALT Digital Media

Balaji Telefilms announced its foray into the digital content business segment through its wholly owned subsidiary, Alt Digital Media Entertainment, incorporated on July 01, 2015.Balaji Tele films' new venture ALT Digital Media is reflective of the Company's strategic intent to extend its entertainment expertise to creating enjoyable, engaging content for digital audiences globally and monetise the incredible potential of original, premium, on demand entertainment.

·         TCS recognised as 'Leader' in Independent Testing Services

Tata Consultancy Services ( TCS) announced that it has been recognised as a ' Leader' in Independent Testing Services by Everest Group in its report, Independent Testing Services - PEAK Matrix Assessment and Profile Compendium 2015, for second consecutive year.

·         Natco Pharma rises on FIPB nod to raise Rs450 crore

Shares of Natco Pharma gained over 2% to Rs2328 on NSE as the comapany has received approval from the Foreign Investment Promotion Board ( FIPB) to raise up to Rs450 crore by issuing securities to Qualified Institutional Buyers (QIBs). It has also given nod to the second Foreign Direct Investment (FDI) related proposal for increasing foreign investment limit from 24% to 31.5% of the paid up equity share capital of the company,

·         Glenmark spurts on inclusion in MSCI Emerging Market Index

Shares of Glenmark Pharmaceuticals surged by 10% to Rs1145, after marking their record high of Rs1184.40 on the National Stock Exchange (NSE) in early morning trades, on inclusion in the MSCI Emerging Markets Index from close of August 31, 2015.
·         Gayatri Projects bags Rs675 crore order from NHAI

Gayatri Projects has bagged Rs675 crore order from NHAI for development of 6-lane Eastern peripheral expressway in the states of Haryana and Uttar Pradesh on EPC mode. The development is positive for Gayatri Projects.
·         Government contemplating scrappage scheme for old vehicles

The Union minster for Transport and Highways, Mr Nitin Gadkari has stated that the government is planning to introduce a scrappage scheme for old vehicles were in the customers would get an incentive in the form of discounts to surrender old vehicles. Incentives would be in the range of Rs30,000 for small cars to Rs1.5 lakh for trucks. The scheme would be aimed at reducing pollution. The scheme if implemented would be a positive for the Auto industry as it would boost demand for new vehicles. Major beneficiaries expected are Maruti Suzuki, Tata Motors and Ashok Leyland.