Wednesday 27 August 2014
• UCO Bank stock slips 8%
Shares of UCO Bank slipped 8% after report that the government ordered limited forensic audit into some non-performing accounts of the Bank to find out any irregularities in sanction of loans.
• Tech Mahindra in talks to acquire more companies
Tech Mahindra is talks to acquire firms to further enhance its geographical reach competence in order to reach its goal of $5 billion by CY2015.
• Hero Moto Corp aims to sell 12 million units by 2020
Hero Moto Corp management has set a target of 12million unit sales by the year 2020 and also reiterated its target to derive 10% of the volumes from exports. The company had sold 6.2 million units in FY 2014.
• Tata Global plans to give thrust to its water business
Tata Global Beverages is planning to give a thrust to its water business with a goal to take the segment's contribution to company's revenues to 10% from 1% currently positive in long run, no near term addition to earnings.
Shares of UCO Bank slipped 8% after report that the government ordered limited forensic audit into some non-performing accounts of the Bank to find out any irregularities in sanction of loans.
• Tech Mahindra in talks to acquire more companies
Tech Mahindra is talks to acquire firms to further enhance its geographical reach competence in order to reach its goal of $5 billion by CY2015.
• Hero Moto Corp aims to sell 12 million units by 2020
Hero Moto Corp management has set a target of 12million unit sales by the year 2020 and also reiterated its target to derive 10% of the volumes from exports. The company had sold 6.2 million units in FY 2014.
• Tata Global plans to give thrust to its water business
Tata Global Beverages is planning to give a thrust to its water business with a goal to take the segment's contribution to company's revenues to 10% from 1% currently positive in long run, no near term addition to earnings.
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