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Tuesday, January 21, 2014

TOP CORPORATE NEWS

·        GMR Infrastructure to consider raising of funds

GMR Infrastructure Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 24, 2014, to consider raising of funds through Foreign Currency Convertible Bonds or any other securities.

·        Torrent Pharma surges on robust Q3 earnings

Shares of Torrent Pharma were up over 10% in early trades today after the company posted better-than-expected earnings for the third quarter ended December 2013.

·        Colgate-Palmolive declines after muted Q3 earnings

Colgate-Palmolive fell after net profit rose 1.6% to Rs 112.83 crore on 14.05% growth in total income to Rs 907.35 crore in Q3 December 2013 over Q3 December 2012.

·        Wipro plans to focus more on performance

Wipro is planning to focus more on performance than the tenure of employment. The company will consider skills for assessing performance, to ensure employees are up-to-date with their jobs.

·        Finolex Cables jumps after winning order


Finolex Cables rose after the company won an advance purchase order of over Rs 200 crore for metal free optical fibre cable of the national optic fibre network backbone project.

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