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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