TOP CORPORATE NEWS
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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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MCX gold buy targets 29520/29570/29620 stoploss 29220
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