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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