GSFC drops after RBI restricts FII buy
Gujarat
State Fertilizers & Chemicals (GSFC) rose nearly 2%, touching to
Rs110.75, after the Reserve Bank of India placed restrictions on further
purchases of shares of the company by registered foreign portfolio
investors. The Reserve Bank of India on Wednesday, (Dec 24, 2014),
notified that the foreign shareholding through Foreign Institutional
Investors ( FIIs)/Registered Foreign Portfolios Investors in Gujarat
State Fertilizers & Chemicals has reached the trigger limit.
Zensar Tech rises on securing multi-million dollar deals
Zensar
Technologies gained over 9%, touching to Rs634.35, after the
information technology (IT) company announced that it has signed
multi-million dollar deals in its infrastructure management business in
the US in the concluding month of calendar year 2014.
Eros International adds one big budget movie for FY16 slate
Eros
International: Added one big budget and a small budget movie for FY16
slate. Eros International has acquired the Global Distribution Rights of
Zoya Akhtar’s ‘ Dil Dhadakne Do’ and Karan Anshuman’s ‘Bangistan’. Eros
will release ‘Bangistan’ on 17th April, 2015 and ‘ Dil Dhadakne Do’ on
5th June, 2015 in the international markets.
Corporation Bank rises on fixing record date for stock split
Shares
of Corporation Bank gained over 4%, touching to Rs331, after the bank
set 23 January 2015 as the record date for 5-for-1 stock split.
Corporation Bank's board of directors at its meeting held on 8 August
2014 had approved a 5-for-1 stock split.
RIL inks deal with Mitsui O.S.K. Lines
Reliance Industries
Ltd ( RIL) has announced that the Company has signed shipping agreements
with MITSUI O.S.K Lines (MOL) for transporting Liquefied Ethane from
North America to India. MOL will supervise the construction of six Very
Large Ethane Carriers (VLECs), ordered by Reliance. MOL will also
operate and manage the vessels after they are built and delivered.
PNB up on fund raising approval
Shares of Punjab National
Bank rose over 2%, touching to Rs224.4, after the bank said its board
approved seeking shareholder approval for raising of equity capital by
way of FPO/ QIP/ ESPS or in any combination thereof. Punjab National
Bank said that the board of directors of the bank at its meeting held
on Dec 23, 2014, has approved the holding of EGM on February 13, 2015,
for election of three shareholder directors of the bank and seeking
shareholder approval for raising of equity capital by way of FPO/ QIP/
ESPS or in any combination thereof.
Power Grid surges on buzz of new transmission projects
Shares
of Power Grid Corporation of India rose over 2%, touching to Rs139.7,
on media buzz that power ministry has invoked a provision in the
relevant CERC rules to give eight new transmission projects with an
estimated cost of Rs 36000 crore to PGCIL.
Spice Jet spurts 8% on revival plan reports
Shares of Spice
Jet rose over 10%, touching to Rs19.5, on media reports that
cash-strapped aviation firm will provide a revival plan to the ministry
of civil aviation today. Ajay Singh, former promoter and director of
Spice Jet, along with a consortium of foreign investors, was scheduled
to give a proposal in this regards,a private-equity unit of JP Morgan
and Ajay Singh, who quit as a director of the airline in 2010, plan to
buy the entire stake held by majority shareholder Kalanithi Maran.
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