Epic Update : Results Today

Epic Update : IFCI

Resignation submitted to IFCI board today; has been accepted: Sources
Selection panel to be set up for new IFCI CEO and MD: Sources
Atul Rai resigned after recent controversies and complaints: Sources
State-run IFCI board meet saw violent altercation between CCO and 1 VP on Monday: Sources
Complaint against Atul Rai tenure filed at SC by Prashant Bhushan.
 
Epic Update : IOC

IOC ups petrol price by 75 paise/litre, diesel price by 50 paise/litre effective Saturday
IOC cuts LPG rates by Rs 45/cylinder for non-subsidized quota

IOC says to hike petrol, diesel prices due to rupee depreciationRevenue loss on diesel sale Rs 4.87/litre despite rate hike

Current revenue loss on kerosene at Rs 27.75/litre
Current revenue loss on cooking gas at Rs 334.5/cylinder
PSU oil companies cut aviation turbine fuel (ATF) prices by average Rs 250/kL
 
Epic Update : SBI

Cuts interest rates on bulk deposits by 25 bps w.e.f. Friday
Cuts interest rates on bulk deposits above Rs 1 crore
Cuts interest rates on bulk deposits on 7 days-below 1 year.
 
Epic Update : Just Dial IPO

Issue price Rs 530 (grey market premium Rs 55-60)
10%u0025 disc to retail investors
Issue got a good response %u2013 Subscription strong %u2013 Total at 11.63X; QIB at 10.12X, HNI at 22.34X, Retail at 3.53X.
 
Epic Update : DEN Networks

DEN Networks shareholders approve issue of shares worth USD 110 million to Broad Street and MBD Bridge Street at Rs 217.50/share

Alert: Both are affiliates of Goldman Sachs Group.
 
Epic Update : Essel Propack

Essel Propack in talks with PE players to raise Rs 150 crore
Essel Propack is FMCG subsidiary of Essel Group
Essel Propack needs fund to deleverage balance sheet
Essel Propack debt stands at Rs 756 crore.
 
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