Showing posts with label Option Tips. Show all posts
TOP CORPORATE NEWS 03 SEPTEMBER 2014
By : Simran Shah
·
Suven Life at new high, up 5%,
gets patents in 3 countries
Investors
lapped up shares of Suven Life Sciences after the drug maker received product
patents from South Korea, China and Canada.
·
Tata Power's arm redeems US$ 450
mn Fixed To Floating Rate Subordinated Notes
Tata Power’s
arm Bhira Investments Limited, has redeemed US$ 450 Mn. Fixed to Floating Rate
Subordinated Notes on September 02, 2014, as per the notice for early
redemption to the Trustee dated July 31, 2014.
·
Tata Motors stock up 2% on
receiving order
Shares of Tata Motors
was up 2% after company received an order from KSRTC (Karnataka State Road
Transport Corporation) to supply 487 nos. and another for 780 nos. from HRTC
(Himachal Road Transport Corporation) for Tata Marcopolo built buses as per
Urban Bus Specifications under JNNURM II scheme.
·
Eros Intl announces Partnership
with Home Cable Network
Eros
International Media announced the launch of a partnership between Home Cable
Network and online entertainment service provider Eros Now.
TOP CORPORATE NEWS 26 August 2014
By : Simran Shah
· ONGC slumps on reports of disinvestment
ONGC fell nearly 4%, on reports of disinvestment. Government has decided to disinvest 5% stake in the company via offer for sale mechanism. The procedure of disinvestment is expected to be completed by the end of the month of September.
· Havells India rises after stock split
Havells India jumped over 12% and after stock split. Havells India split each equity share of face value Rs5 each into five equity shares of Re1 each., with trading starting as of today, (August 26, 2014).
· Reliance Power opts out of gas-fired power plant in Dadri
Reliance Power told the Supreme Court that it wasn't interested in setting up gas-fired power plant in Dadri, Uttar Pradesh, any more and would return about 956 acres of land acquired for the company to the state government.
· L&T signs contract for 225 Mw
Bangladesh Power Development Board and Larsen & Toubro (L&T) have signed a contract to set up a 225 megawatt, gas-based power plant in sikalbaha, Chittagong in Bangladesh. The contract, which is valued at about $200 million, was secured by L&T in May, 2014.
Markets may open lower on weak global cues
By : Simran Shah
Markets are likely to open in the negative territory tracking weak global cues.
Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment.
The U.S. S&P500 stock index posted its worst daily fall since April
and its first monthly drop since January on Thursday, as economic data
sparked concern the Federal Reserve could raise interest rates sooner
than some have expected.
Problems in overseas economies added to the bearish tone, with
Argentina defaulting on its debt for the second time in 12 years.
Stocks to watch:
Maruti Suzuki India,
the country’s largest car maker, reported a 20.7 per cent increase in
net profit at Rs 762 crore for the financial year’s first quarter ended
June.
JSW Steel, India’s third-largest steel maker, plans to
invest $22 billion (about Rs 1,32,000 crore) through the next 10 years
to raise its total capacity from 14.3 million tonnes (mt) to 40 mt by
2025.
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