State Bank Of India

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Hero MotoCorp has launched the Xtreme 200S with BS-VI compliant engine priced at Rs 1.15 lakh (ex-showroom Delhi). The 200-cc model comes with complimentary roadside assistance (RSA), valid for one year. The new Xtreme 200S showcases the company’s focused approach to the premium segment. Its premium products like the Xtreme 160R and XPulse 200 BS-VI are receiving an overwhelming response from the customers. The company's horizontal strategy catering to all customer categories has worked really well and has allowed it to grow its market share in the premium motorcycle segment.

GPT Infraprojects (GPT) has bagged an order valued at Rs 30.18 crore from Office of the Dy. Chief Engineer, North Central Railway, DRM Office, Agra, Uttar Pradesh, for supply, fabrication, assembling & erection of new bridge of span 16X41.15 open web girder on Yamuna River between JAB-AF in connection with Yamuna Bridge-Agra Fort Doubling. This contract is in Joint Venture of which GPT's share is 51%.

State Bank of India’s (SBI) board of directors has approved the divestment of 8,510 equity shares constituting 8.51 per cent of the bank's stake in UTI Trustee Company. The divestment has been approved to comply with Regulation 7B of the Securities and Exchange Board of lndia (Mutual Funds) (Amendment) Regulation, 2018. According to the regulation, no sponsor of a mutual fund, its associate or group company can have 10 percent or more of the shareholding or voting rights in the asset management company (AMC) or trustee company of any other mutual fund.

ONGC Videsh (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), through its wholly owned subsidiary has signed definitive binding agreements with FAR Senegal RSSD SA (Seller), a wholly owned subsidiary of FAR (FAR) on for acquiring 13.6667% participating interest in Exploitation Area (Sangomar Field) and 15% participating interest in Remaining Contract Area (Exploration Area) of Rufisque, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Block, Offshore Senegal. Woodside Energy (Senegal) BV (Woodside), Capricorn Senegal (Cairns) and Le Societe des Petroles du Senegal (Petrosen – the national oil company of Senegal) are other partners in the RSSD Block.

The government has approved infusion of Rs 5,500 crore capital into Punjab & Sind Bank (PSB) in lieu of preferential allotment of shares. The bank is in receipt of letter dated November 10, 2020 from the Ministry of Finance regarding sanction to infuse an amount of Rs 5,500 crore. The capital infusion is towards the contribution of the central government in the preferential allotment of equity shares of the bank during financial year 2020-21. As per data on BSE, the government's shareholding in the bank as of September 30, 2020 stood at 83.06 per cent.

VST Tillers Tractors has reported over 4- fold jumps in its net profit at Rs 29.94 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 6.38 crore for the same quarter in the previous year. Total income of the company increased by 33.53% at Rs 228.28 crore for Q2FY21 as compared Rs 170.96 crore for the corresponding quarter previous year.