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Sunday, December 22, 2013

TOP FIVE CORPORATE NEWS -: 23 DECEMBER




United Spirits drops as Karnataka High Court rules Diageo's 7% stake buyout as null and void:-

United Spirits drops after a division bench of the Karnataka High Court on Friday declared United Breweries (Holdings)' stake sale in United Spirits to UK-based spirits giant Diageo null and void.

Bharti, Vodafone may skip auctions:-

TRAI had recommended a flat SUC. Bharti Airtel and Vodafone India warned that they could stay away from the upcoming bandwidth auctions if the government continued with the present cascading spectrum usage charge (SUC) regime.

Infosys falls on management exits:-

Infosys fall as top management exodus continues in the country’s largest IT Company. On Friday after market hours, Infosys announced resignation of its director V Balakrishnan. This is the eight top level exit at Infosys since June.

L&T gains as infra subsidiary seeks FIPB nod for FDI:-

L&T gain after the company is in discussions with a large global institutional investor for a proposed acquisition of a stake in L&T's subsidiary viz. L&T Infrastructure Development Projects.

NHPC completes Rs 2,368 crore share buyback:-

NHPC has bought back equity worth Rs 2,368 crore under an offer that ended earlier this month after attracting more shares than targeted. NHPC bought back 123 crore equity shares at Rs 19.25 apiece.

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