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Wednesday, June 24, 2015

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L&T wins Rs2715 Cr Contract from ONGC
Larsen & Toubro Ltd has informed regarding a Press Release dated June 24, 2015, titled ' L&T Hydrocarbon Wins Rs2715 Crore Contract from ONGC'.

Cox & Kings sign agreement for new hotel in Munich
Cox & Kings Ltd has informed regarding a Press Release dated June 24, 2015, titled 'Cox & Kings owned Meininger Hotels and Fonciere des Regions signed on agreement for a new hotel in Munich near the Olympic Park'.
                                                                                     
Cadila rises on final approval for Pyridostigmine
Shares of Cadilla Healthcare rose 2% at Rs1768 after the company said that it has received final approval to market Pyridostigmine Bromide tablets USP, 60 mg, which is dispensed for the treatment of various neurological disorders. The stock opened at Rs1748.95 and touched a high of Rs1779 on NSE. The estimated sales of the drug in 2015 is $27.9 million as per IMS.

Stock update: Prospects of a good monsoon improve
A strong pick-up in the monsoon rainfall in large parts of the country and a 21% higher-than-normal rainfall till date has raised hopes of a boost to the rural economy reflected in the 10% up move in the stock over the past ten days. The domestic tractor industry after growing at a robust 20% in FY2014 has been under pressure over the last 15 months.

ONGC to drill 406 development wells in Gujarat
ONGC is planning to drill a 406 development wells in the oil fields located in Cambay Basin in Gujarat. The proposed drilling is expected to be undertaken at the company’s Ahmedabad Asset located in Gandhinagar, Ahmedabad and Kheda districts.

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