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Tuesday, April 1, 2014

Tata Comm plan to sell Neotel may be put on hold

Tata Communications deal with Vodafone-owned Vodacom to sell South African telecom unit Neotel may be put on hold as the local authority is considering whether or not to allow the transfer of airwaves as part of the deal.

Banking shares mixed after RBI keeps rates unchanged

Banking shares are trading mixed after the Reserve Bank of India (RBI) kept a key policy rates unchanged. The RBI in its first bi-monthly monetary policy has decided to hold the key policy rate or the repo rate at 8% but cautioned that inflation risks could resurface.

Tata Motors, Renault plan price hike

Tata Motors and Renault India are planning to increase prices of their products from April. Tata Motors is mulling increasing prices of its commercial vehicles portfolio by about 1%, while Renault has not come yet on quantum of price hike.

Cairn India hits 52-week high on heavy volumes

Cairn India is trading higher by 4% to Rs 345 on back of heavy volumes after the Delhi High Court granted three weeks time to respond to a show cause notice by the income tax department for an alleged failure to deduct withholding tax on alleged capital gains to Cairn UK Holdings Ltd in 2006-07.


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