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Epic Update : Aarti Industries

Aarti Industries (AIL), a leading manufacturer and exporter of Chemicals and Pharmaceuticals, has received notice from Gujarat Pollution Control Board (GPCB) for closure of manufacturing activities at two of the various plant locations at Vapi, viz. Alchemie Organic Division and Aarti Fertilizers divisions, from 1st January, 2014. https://www.epicresearch.co/

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Epic Update : Mahindra & Mahindra

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported auto sales numbers which stood at 39,611 units during December 2013.  The Passenger Vehicles segment which includes UVs and Verito sold 16,436 units in December 2013, as against 22,761 units during December 2012. https://www.epicresearch.co/

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Epic Update : Asian paints

Asian paints is all set to increase industrial paint prices by 4% with effect from January 1, 2014. The move came in to offset inflationary pressure on industrial products. Recently, the company hiked industrial paints’ prices by 10%. Prior to that, the company had increased prices in its decorative paint segment by 1.2%. https://www.epicresearch.co/

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Epic Update : State Bank of India

  State Bank of India (SBI), the country’s largest public sector bank has received its shareholders’ approval for the preferential issue of equity shares of Rs 10 each to the Government of India up to Rs 2,000 crore (including premium). The shareholders have also approved a resolution allowing the creating, offering, issuing, allotting by way […]

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Epic Update : Finolex Industries

Finolex Industries’ promoter has hiked its stake via creeping acquisition method. Prakash P Chhabria, one of the promoters of the company, has bought over 60,000 shares in past one month via open market purchases. Since December, Prakash P Chhabria has acquired 61,450 shares of Finolex Industries. https://www.epicresearch.co/

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Epic Update : ONGC

Oil and Natural Gas Corporation’s (ONGC) wholly owned subsidiary- ONGC Videsh, through its affiliate has acquired an additional 12% Participating Interest ( PI) in Block BC-10, a deepwater offshore block in Campos Basin, Brazil taking its total PI in the block to 27%. The operator, Shell holds the balance 73% PI in the block. https://www.epicresearch.co/

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Epic Update : Firstsource Solutions

Firstsource Solutions’ wholly owned subsidiary – Firstsource Group USA, Inc, has successfully made its third quarterly repayment of $11.25 million on its outstanding debt on December 31, 2013. https://www.epicresearch.co/

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