TOP CORPORATE NEWS
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GMR Infra board approves raising
of Rs 2500cr
GMR Infrastructure’s board of directors has approved raising
up to Rs 2,500 crore through issue of securities or foreign currency
convertible bonds.
·
Tata Motors plans to reduce staff
Tata Motors is planning to slash a section of its workforce to
restructure its domestic manufacturing operation .The company initiated two
voluntary retirement programmes early separation scheme (ESS) and compulsory
retirement scheme across its main commercial vehicle plants in Jamshedpur,
Lucknow and Pantnagar.
·
SKS Microfinance registers 31%
increase in PAT
SKS Microfinance Limited announced a 31% increase in PAT to Rs.
21.4 crore in Q3-FY14 from Rs. 16.3 crore in Q2-FY14. This is the
Company’s fifth consecutive quarter of profit post its turnaround in
Q3-FY13 with a profit of Rs. 1.2 crore.
·
ONGC signs MOU with Mitsui
Oil & Natural Gas Corporation Ltd has signed an MoU with
Mitsui for cooperation in pursuing petroleum and natural gas opportunities. In
August 2012, ONGC and Mitsui had entered into MOU for wide ranging cooperation
in gas and LNG business.
·
Torrent Power drops after reverse
turnaround in Q3
Torrent Power lost 3.79% after the company reported consolidated
net loss of Rs 35.51 crore in Q3 December 2013 as against net profit of Rs
95.66 crore in Q3 December 2012.
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