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Friday, February 28, 2014

TOP CORPORATE NEWS

Arvind gains on JV with a Japanese firm
                                                                                        
Arvind rose 0.97% after the company announced a joint venture with Goodhill Corporation of Japan by setting up a Greenfield suits manufacturing facility based out of Bommansandra Industrial estate in Bengaluru.

·        Bharti Airtel slips after Nigeria fines for poor service

Bharti Airtel fell 0.19% after Nigeria's telecoms regulator fined the company. The penalties were imposed because the operators had failed to meet key performance indicators and poor quality of service for the month of January 2014.

·        RIL concerned about D6 gas price block

Reliance Industries is fearing that it may be compelled to shut down production from KG-D6 block in the absence of an agreement on the price of gas. RIL may sign sales agreements with consumers three weeks before the new price comes into effect.

·        Titan drops on profit booking


Titan Company lost 1.26%, with the stock sliding on profit booking after recent rally after the firm has entered into a joint venture agreement with a Netherlands firm. 

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