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Thursday, December 26, 2013

TOP FIVE CORPORATE NEWS


Adani Power to demerge transmission line operations

Adani Power Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 28, 2013 to consider and approve demerger of transmission line business of the Company and other incidental matters.

Tata Steel to commission 1st phase of Odisha plant

Tata Steel is planning to commission the first phase of its six million tonne (MT) plant in Odisha by March 2015.

Dena Bank receives Rs. 700 crore capital infusion from Govt

Shareholders of Dena Bank in the Extraordinary General Meeting passed a special resolution authorizing the issuance of 11,85,83,770 equity shares of Rs. 10 each to Government of India on preferential allotment basis at a price of  Rs. 59.03 per equity share.

Dabur arm incorporates new subsidiary Dabur Tunisie in Tunisia

Dabur India Ltd wholly owned subsidiary Dabur International Limited has incorporated a new wholly owned subsidiary Dabur Tunisie in Tunisia.

Govt ups Axis Bank's foreign ownership limit to 62%

The Cabinet Committee on Economic Affairs hiked the foreign ownership limit in Axis Bank to 62 percent from an earlier cap of 49 percent. As per the current share price, the move could result in a capital inflow of Rs 7,250 crore.

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