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Wednesday, September 24, 2014

Equity Tips
SC cancels some coal blocks allocated since 1993
The Supreme Court, in a landmark judgment today, said that all coal blocks were cancelled except four government-run non-joint venture allotments. The apex court in an order today cancelled 214 allocated coal mines out of 218.

Crompton Greaves bags Rs150 crore contract from Iraq
Crompton Greaves awarded $25mn contract for design, construction and delivery of 16 mobile substation containing 31.5MVA transformers from Iraq Government.

Inox Leisure gains 4% ahead of board meet
Shares of Inox Leisure were up nearly 4% ahead of the board meet tomorrow to merge its wholly-owned subsidiary with itself.

Titan board to spin off Precision Engineering Division
Titan Company Ltd has announced that the Board of Directors of the Company at its meeting held on September 23, 2014, has taken an in-principle decision to spin off the Precision Engineering Division of the Company as a wholly owned subsidiary, subject to applicable approvals.

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