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Monday, December 30, 2013

TOP FIVE CORPORATE NEWS


Apollo Tyres gain after Cooper terminates merger deal

Apollo Tyres has rallied after Cooper Tire & Rubber Company has terminated the merger agreement with the company. The termination of the deal is a positive development for Apollo Tyres given that the concerns regarding significant increase in leverage.

ONGC expects to increase natural gas output from KG basin

Oil and Natural Gas Corporation is reportedly planning to increase natural gas output from Krishna Godavari Basin (KG Basin) region by commissioning two more wells.

SKS Microfinance completes Rs. 55 crore securitization

SKS Microfinance Limited announced the fourth microfinance securitization during the current financial year of Rs. 55 crore. The entire pool qualifies for weaker section treatment as per the RBI's priority sector lending guidelines.

HCL continues to invest in Human Capital Development in U.P

HCL was established in partnership with U.P Government four decades ago today shared that it continues to invest in the Human Capital Investment in the state of Uttar Pradesh.

Trent gains on FIPB nod for Tesco JV

Trent Limited gain after the Foreign Investment Promotion Board approved UK-based Tesco Plc's proposal to invest $110 million to buy 50% stake in Tata Group’s Trent Hypermarket Ltd.

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