CORPORATE NEWS – 5 Jan 2017

corporate-news

YES Bank partners with Gupshup to launch ‘YES mPower’

Private-sector lender, YES Bank has announced that it has partnered with Gupshup, a leading bot platform, to launch ‘YES mPower’, a banking chat bot for its loan products.
Currently active on Facebook Messenger, YES mPower helps customers get information about Loan Products offered by YES Bank and instantly gives a loan eligibility, enabling customers to get the information they need quickly and easily.
YES Bank is planning to incrementally release more services through the chat bot, making YES mPower the one stop shop for all loan requirements.

Eicher Motors to introduce 750 cc motorcycle in April 2017

Eicher Motors – 2 wheeler division (Royal Enfield) to introduce 750 cc motorcycle in April 2017 for both the domestic and exports markets; PositiveRoyal Enfield will soon enter the growing 750cc motorcycle segment as the company will launch the Continental GT 750 in April 2017.
The company will also continue to launch a new model every year in order to expand its product lineup and market share, both in India and globally.

Tata Motors JLR US Dec sales up 30% YoY

Tata Motors – Jaguar Land Rover (US) reported strong 30% YoY growth in December 2016 retail sales.
Jaguar sales were 4,294 units, a 259 % increase from 1,197 units in December 2015.
Land Rover sales reached 8,279 units, a 2 % decrease from 8,441 units in December 2015.

Sun Pharma announces positive topline results for treatment of dry eye

Sun Pharma announces positive topline results of confirmatory Phase-3 clinical trial for Seciera for treatment of dry eye; Seciera is being developed by Ocular Technologies, a company recently acquired by Sun Pharma.
Dry eye market is expected to be ~ $5 bn by 2020 – Positive for Sun Pharma – Sun Pharma owns exclusive, worldwide rights to Seciera and is developing it to commercialize for global markets including US, Europe, and Japan, as well as several emerging markets.

Engineers India approves allotment of 33.69 crore bonus equity shares

Engineers India’s, Board of Directors in its meeting held on Jan 3, has approved the issue and allotment of 33.69 crore bonus equity shares in the ratio of 1:1 to the existing shareholders holding shares at the close of business hours on the record date ie Jan 2 2017.

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