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Monday, February 17, 2014


TOP CORPORATE NEWS

·        Jet Airways gains on open offer hopes

Jet Airways India rose 3.08% on reports Etihad Airways may be forced to make an open offer to retail shareholders of Jet Airways after market regulator Sebi served notice to the Abu Dhabi-based airline.

·        Cox and Kings stock surges 4% on Q3 results

Shares of Cox and Kings is trading higher by 4% , after reporting an over nine-fold jump in consolidated net profit at Rs 30.91 crore for the third quarter ended December, 2013.

·        Bharti Airtel may announce Loop Mobile acquisition in next 2 days

Bharti Airtel ,which bought 900 MHz band spectrum in Mumbai in the just-concluded auction, is likely to announce in the couple of days acquisition of Loop Mobile - a deal that will make the telecom major the top operator in the city with over seven million customers.

·        Tata Power surges 5% on heavy volume

Tata Power was up nearly 5% after Arvind Kejriwal resigned as chief minister of Delhi on Friday, 14 February 2014. In December 2013, the Delhi government announced 50% subsidy on power consumption up to 400 units and asked the state regulator to look into the accounts of power distribution companies to see if they were profiteering.


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