Jaypee fixes IPO price
Jaypee Infratech Ltd has fixed the price band of its initial public offering (IPO) at Rs 102-117 per share, the company’s founder, Jaiprakash Gaur, said. The Rs 2,262-2,352-crore float of the company will open on Thursday and close on May 4 and is based on the 100 per cent book-building process.
Corp Bank net
Corporation Bank has posted a consolidated net profit of Rs 1,181.34 crore for the year ended March 31 against Rs 900.32 crore in the previous fiscal. The bank’s consolidated interest grew to Rs 7,294.60 crore from Rs 6,067.34 crore in the year-ago period.
mjunction has announced the launch of eProcurement solution Green Sourcing, which is an online environmentally-conscious purchase solution targeted at firms from diverse industries.
The State Bank of India has become the first financial services entity in the country to foray into green power by setting up wind mills for captive use. This initiative, in partnership with Suzlon Energy, was completed within four months.
Gujarat NRE — the largest producer of low ash metallurgical coke in India — will be the sponsorship partner in the seminar series called “Doing Business with Australia” organised by Austrade.
Berger Paints India has launched Weathercoat Allguard, a Silicon-enhanced exterior paint with water resistant property.