TOP CORPORATE NEWS
· Arvind gains on JV with a Japanese firm
Arvind rose 0.97% after the company announced a joint venture with Goodhill Corporation of Japan by setting up a Greenfield suits manufacturing facility based out of Bommansandra Industrial estate in Bengaluru.
· Bharti Airtel slips after Nigeria fines for poor service
Bharti Airtel fell 0.19% after Nigeria's telecoms regulator fined the company. The penalties were imposed because the operators had failed to meet key performance indicators and poor quality of service for the month of January 2014.
· RIL concerned about D6 gas price block
Reliance Industries is fearing that it may be compelled to shut down production from KG-D6 block in the absence of an agreement on the price of gas. RIL may sign sales agreements with consumers three weeks before the new price comes into effect.
· Titan drops on profit booking
Titan Company lost 1.26%, with the stock sliding on profit booking after recent rally after the firm has entered into a joint venture agreement with a Netherlands firm.