Ratnamani Metals, DCB likely to see some action today

Ratnamani Metals & Tubes, engaged in the manufacture of carbon steel and stainless steel pipes, has bagged orders worth Rs 152 crore from state-owned gas transmission and distribution giant GAIL India. The orders relate to gas transmission and distribution projects, as per the company’s filing with the BSE.

Development Credit Bank (DCB) has secured its shareholders’ approval for a fund raising plan of up to Rs 300 crore. The shareholders of the lender have approved issue of Qualified Institutional Placement (QIP) not exceeding Rs 100 crore and issue of shares on rights basis up to Rs 200 crore, as mentioned in its filing with the Bombay Stock Exchange (BSE).

Private sector iron ore exporter, Sesa Goa has announced that the promoters have raised their stake in the company to 57.12% from earlier 55%.

Tata Communications, the telecom arm of the diversified conglomerate Tata Group, has unveiled its “Internet Clean Pipe Solution (ICPS)” for the small and medium enterprises (SMEs).