TOP CORPORATE NEWS-21 january

TOP CORPORATE NEWS

·        Hindustan Zinc hits 52-week high on Cabinet nod for govt's residual stake sale

Hindustan Zinc has surged over 5% after the Cabinet Committee on Economic Affairs approved the sale of residual stake in the company. The government holds a 29.5% stake in Hindustan Zinc.

·        Asian Paints slips after weak Q3 performance

Asian Paints fell after consolidated net profit fell 1.75% to Rs 329.35 crore on 13.03% rise in total income to Rs 3481.99 crore in Q3 December 2013 over Q3 December 2012.

·        RIL to start CBM gas production from next year

Reliance Industries Ltd is planning to start production of natural gas from coal seams, called coal-bed methane (CBM), in Madhya Pradesh from 2015-16. The company plans to produce 3.5 million standard cubic meters per day of gas from the two Sohagpur blocks.

·        Emami jumps after strong Q3 results

Emami jumped 3.82% after consolidated net profit rose 31.1% to Rs 150.68 crore on 6.6% increase in net sales to Rs 584.67 crore in Q3 December 2013 over Q3 December 2012.

·        TCS introduces Embedded Code Analyzer

Tata Consultancy Services introduced TCS Embedded Code Analyze, a new solution that enhances the software assurance lifecycle for automotive, high-tech and other industries that develop products which rely on embedded software.