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Sunday, January 5, 2014




TOP CORPORATE NEWS.

·Mastek higher on buyback plan.

Mastek has rallied after the company announced a share buyback proposal. A meeting of the board of directors of the company will be held on January 08, 2014, to consider a proposal of buyback of equity shares of the company.

·MCX turns volatile after block deal.

MCX have trading flat, after a huge block deal. Around 1.48 million shares representing 2.9% of total equity of MCX have changed hands at a price of Rs 568 per share.

·Infosys plans to separate new-generation business into a subsidiary.

Infosys is planning to separate its new-generation business into a subsidiary, to focus on large outsourcing contract.

·NMDC's production rises 37% in Q3.

NMDC’s production of iron ore during the third quarter ended December 31 rose 37% to 73 lakh tonnes compared to 53.32 lakh tonnes in the year-ago period.

·TCS to set up World’s largest Corporate Learning Center in Thiruvananthapuram.

TCS announced setting up of the world’s largest corporate learning and development centre with a total capacity to train 15,000 professionals at one time and 50,000 professionals annually.

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