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Tuesday, July 15, 2014

TOP CORPORATE NEWS-15 July 2014

ONGC gains on buzz government to mull stake sale
ONGC rose 2.25% on report that the government will decide in August 2014 whether to sell a 5% stake in the company.

NIIT Tech Q1 PAT at Rs432mn
NIIT Technologies Limited announced its financial results for the quarter ended in June 30, 2014 with a revenue increase of 6.6% over the same period last year to 577.6 Crores.

R Power gains after achieving boiler light up for fifth unit of Sasan UMPP
Reliance Power rose 2.48% after the company said that boiler light up has been achieved for its fifth 660 MW unit at the 3,960 MW Sasan ultra mega power project.

TTK Prestige inches up amid volatility after Q1 results
TTK Prestige rose 0.89% after net profit rose 0.07% to Rs 25.81 crore on 9.59% growth in total income to Rs 337.61 crore in Q1 June 2014 over Q1 June 2013.

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