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BLK public issue
BL Kashyap & Sons will get into larger construction projects. To part finance the expansion, the company is offering a public issue of 27.50 lakh equity shares of Rs 10 each in the price band at Rs 625 to Rs 700 per share. The issue closes on February 23.
PNB hike
Punjab National Bank has hiked its interest rates on term deposits by 0.04-1.11 per cent. The interest rate for deposits between Rs 15 lakh and Rs 1 crore for 180 days to one year has been hiked to 6.04 per cent and to 7.61 per cent for 5-10 years.
UBI rates
United Bank of India has increased its interest rates on term deposits across maturity by 0.25 per cent to 0.5 per cent. Fixed deposits with more than three years maturity will earn an interest rate of 7 per cent. Senior citizens will get one per cent extra, i.e., 8 per cent.
BoR deposits
Bank of Rajasthan has revised its interest rates on NRE and FCNR (B) deposits. The interest rates on NRE term deposits with maturity of less than two years have been increased to 5.70 per cent. The rate for FCNR (B) deposits has been hiked to 4.7 per cent.
Ramkrishna
Ramkrishna Forgings will allot 1.72 lakh shares to financial investors on a preferential basis. The company?s board has approved the offering at a price of Rs 116 per share.
Kotak bank
Kotak Mahindra Bank has hiked its interest rates on home loans by 50 basis points and deposit rates by 25 basis points.
Jindal arm
Jindal Stainless has formed a wholly-owned subsidiary in the United Kingdom and is planning another in Dubai.
Amforge move
Amforge Industries has approved demerger of its Chakan plant and its merger with Mahindra Automotive Steels Pvt Ltd. It has also decided to split its equity stock of Rs 10 into five shares.
Hind Zinc
Hindustan Zinc has commissioned its 50000-tpa lead expansion project at the Chanderiya facility in Rajasthan.
Plethico IPO
Plethico Pharmaceuticals will come out with its maiden public issue to raise Rs 110 crore. The company has already filed the draft red herring prospectus.
Qualcomm
Qualcomm will increase its headcount in India from 350 at present to 500 by the end of the current year.
Samsung
Samsung India has announced an exchange offer for 29-inch and 21-inch flat colour televisions. Called the ?Purana gone, No.1 on?, the offer is valid till February end.
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