Q2FY15 CAD rises to 2.1%
Current account deficit increased to 2.1% in Q2FY15 (largely in line with expectations) from 1.7% in Q1FY15.Going ahead sharp correction in crude oil prices will be a comforting factor on CAD front.
Airline shares surge on infra status hope
Shares of aviation companies such as Jet Airways (India) and Spice Jet have gained up to 6% on the bourses on media reports that the aviation ministry may seek infra status for airlines. Among individual stocks, Jet Airways has rallied 6% to Rs427.0 on BSE. The stock hit a high of Rs438.75, its highest level since October 2013. Since November 25, 2014, the stock rallied 74% from Rs245, due to falling crude oil prices.
Central Bank falls on allotment of shares to LIC
Shares of Central Bank of India fall 2% to Rs79.10 on BSE on plans to allot shares to LIC at Rs75.5 per share -- negative for the stock. Central Bank of India will allot 8.29 crore shares to LIC at a price of Rs75.5 per share which is discount to current market price of Rs80.6.
JSW Steel records crude steel production at 11.07 lakh tonnes
JSW Steel has reported crude steel production for the month of November 2014 at 11.07 lakh tonnes compared to 10.72 lakh tonnes in November 2013, registering a growth of 3%.The production for flat rolled products stood at 8.31 lakh tonnes in November 2014 same as November 2013. The production of long rolled products increased by 29% to 1.86 lakh tonnes in November 2014 compared to 1.44 lakh tonnes in November 2013.
DLF updates on 'Riverside Project' at Cochin
DLF announced that its wholly owned subsidiary DLF Home Developers has just been made aware of an Order passed on December 08, 2014 by Single Bench of Hon'ble High Court regarding its ' Riverside Project' at Chilavanoor, Vyttila, Cochin. This Order comes as a result of a writ filed by a private individual in 2012 when Company's applications for CRZ and MoEF clearance were under consideration by concerned authorities,
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