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Monday, March 10, 2014


TOP CORPORATE NEWS

·        Reliance Industries surges 10% in two trading days
                                                                                        
Reliance Industries has surged nearly 4% to Rs 902 on reports that the government is coming out with a notification on higher gas price this month. From April 1, the price of domestic natural gas price may increase to $8.4 a unit from $4.2 a unit at present.

·        Tata Power to consider terms of the Rights Issue

Tata Power Company Ltd has announced that the Committee for Rights Issue, at its meeting held on March 08, 2014 has decided on the following terms for the Rights Issue, which is proposed to open on or prior to March 31, 2014.

·        Infotech Enterprises gains on acquisition of US firm Softential

Infotech Enterprises is trading higher by 3% after the company has announced that its wholly owned subsidiary, Infotech Enterprises America, Inc. has signed a definitive agreement to acquire Softential, Inc.

·        Larsen and Toubro hits 52-week high on Rs 2,935 crore construction orders


Larsen and Toubro has moved higher by over 3% to Rs 1,235 after the company has won new orders worth Rs 2,935 crore across various business segments in February and March 2014.

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