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Wednesday, June 25, 2014

Finance Minister extends excise cut for auto, cap goods till Dec 31
Finance Minister Arun Jaitley announced the decision to continue with low excise duty for six months till December 31 for auto, consumer durables and capital goods sector. The declaration spiked auto shares in the last 10 minutes of trade with Maruti and Bajaj Auto closing the day with near 3 percent gains.

Cox and Kings promoters release pledged shares

The promoter group of Cox and Kings Ltd., Sneh Sadan Graphic Services Ltd., Urshila Kerkar and Liz Investments has released 20.32 lakhs shares from pledge, which comprises 1.48% of the total share capital of the company.

RCom plans to raise Rs 4,300 cr

Reliance Communications plans to raise Rs 4,300 crore by way of a qualified institutional placement (QIP) of shares and a preferential offer to promoters. The telco will use the proceeds to repay debt.

L & T Finance enters into agreement with AMW Motors
AMW Motors Ltd. AMW announced that the Company had entered into an agreement with L & T Finance to provide competitive retail financing options for its range of medium and heavy haulage vehicles and tippers.

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