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Tuesday, June 23, 2015

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Mastek shareholders approve Plan of Merger into Majesco
Mastek Ltd announced that its shareholders have approved Cover-AII’s adoption of the Agreement and Plan of Merger into Majesco, USA, a subsidiary of Majesco Limited, India.
The said agreements were signed on December 14, 2014 and amended on February 18, 2015.

BHEL commissions first 250 MW Unit in North East India
Bharat Heavy Electricals Ltd ( BHEL) commissions the first 250 MW Unit at the highest rating coal-based power plant in North East India.
                                                                                     
L&T Metallurgical wins order worth Rs1507 crore
L&T Metallurgical & material handling business has won order worth Rs1507 crore from Emirates Global Aluminum (EGA) – Positive for L&T
Bharti Airtel up on hopes of rise in 3G phone service
Shares of Bharti Airtel rose over 2%, touching to Rs434.2, on hopes of increase in 3G phone services prices in more circles as per reports. Starting with Delhi, companies have extended 3G price increases to western Uttar Pradesh and Haryana.

Government proposes Tax Benefits For Debit, Credit Card Payments
Government Proposes Tax Benefits For Debit, Credit Card Payments— long term positive for ICICI, SBI, Axis, HDFC Bank .Government has come out with a draft paper whereby it has proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market.

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