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Monday, May 19, 2014

Century Textiles hits 3.6-yr high, Birla may buy 16% stake
Shares of Century Textiles and Industries hit 3.6-year high, up over 9 percent on report that Kumar Birla will acquire 16 percent stake in the company.

Tata Communications up 7%, Vodacom to buy its SA unit

Shares of Tata Communications rose over 7 percent as it is selling its South African telecom unit Neotel. Vodafone-owned Vodacom has agreed to buy South Africa’s internet-provider Neotel for ZAR 7 billion.

JP Power Q4 loss at Rs 172 cr, plans to raise Rs 3000 cr

Jaiprakash Power Ventures, which has operating capacity of 2200 MW, posted a net loss of Rs 172 crore in the quarter ended January-March 2014 as against loss of Rs 122.3 crore in same quarter last year.

Tata Global Beverages to acquire stake in Bronski Eleven

Tata Global Beverages Ltd has announced that the Company's overseas subsidiary based in UK has acquired a 100% stake in the equity capital of Bronski Eleven Pty Ltd, Australia.

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