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Tuesday, March 4, 2014


TOP CORPORATE NEWS


·        DLF again under competition watchdog's lens
                                                                                        
DLF is once again being investigated by the Competition Commission of India for allegedly misusing its dominant position in the market by drafting a one-sided agreement with the buyers of flats in its New Town Heights project in Gurgaon.

·        IDBI Bank plans to raise over $300mn

IDBI Bank plans to raise up to $300 million through Basel-III-compliant bonds by the end of March.

·        Maruti Suzuki India slips as FII investments reach trigger limit

Maruti Suzuki India fell 1.67% after the Reserve Bank of India said foreign share holding limit in the company has reached trigger limit.

·        Ceat extends gain on resumption of manufacturing operations at Bhandup plant


Ceat is locked in upper circuit for second day in a row, extending its past one week gain, after the company said it has resumed the manufacturing operations at the Bhandup plant, from February 25.

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