Ajanta Pharma ranks 3rd largest wealth creator
Ajanta Pharma announced that it is ranked 3rd largest wealth creator on the basis of 5 year CARG 93.14% amongst a list of 500 Mid-Size Companies published by Fortune India ranked on various parameters based on results of 2013-14. The Company has ranked 10th on return on capital employed, ranked 21st in net profit and ranked 182nd in sales.
Yes Bank tanks on $1 billion share sale plan
Shares of Yes Bank dropped 5% to Rs 658 on NSE as the bank will take a call in the second half of the current fiscal on its plans for $1 billion (about Rs6,500 crore) share sale, its chief Rana Kapoor said.
The bank's board has approved a proposal to raise one billion dollar by selling shares in local and overseas markets. The capital raising would help bank to sustain higher growth rates amid recovery in economy though in near term it could dilute the return ratios.
Inox to invest Rs320 crore in 3 yrs
Inox to invest Rs320 crore in 3 yrs, eyes regional acquisitions – Long term Positive
Tata Motors slumps on huge loss of 5,800 JLR vehicles in China
Shares of Tata Motors slumped 6% to Rs314 on NSE led by loss of 5,800 JLR vehicles which were possibly hit by the blast at the Chinese port of Tianjin; extent of damage yet to be accessed .Jaguar Land Rover, Tata Motors’ luxury arm, had 5,800 vehicles parked at the Chinese port of Tianjin which could be damaged in the blasts. These vehicles had been imported into China and were to be delivered.
Unitech gives on lease a large office space in Gurgaon to Google
Unitech has given on lease a large office space in Gurgaon to Google, generating about Rs600 crore of rental income over the next nine years as per media reports. The development is positive for Unitech.