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Friday, September 19, 2014

Equity Tips
ONGC eyes idle assets from Panna-Mukta-Tapti JV for Daman development
Oil & Natural Gas Corporation will take over abandoned assets in the Panna-Mukta-Tapti field from its joint venture partners RIL and BG India once production from Tapti falls to zero.

Tech Mahindra surges on deal with Bosch
Tech Mahindra rose over 2%, after the company announced that it will work with Bosch Software Innovations to develop an ecosystem to offer solutions for smart cities with billions of things inter-connected via the Internet.

Idea surges after FTSE hikes weightage
Idea Cellular rose over 5%, after index provider FTSE reportedly raised the weightage of the stock in its indexes. FTSE raised Idea Cellular's investability weighting in its indexes to 40% from 24%. Changes will be effective on September 22, 2014.

Kotak Mahindra Bank surges after AMC unit buys schemes
Kotak Mahindra Bank rose over 2% after the bank said that its asset management subsidiary will acquire domestic schemes of PineBridge Mutual Fund.

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