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Tuesday, September 8, 2015

Equity Tips
Wipro hires TCS’s Dave Chopra as VP
Wipro hires TCS’s global head of strategy for infrastructure services Dave Chopra as VP of global infrastructure business. Months after it poached Tata Consultancy Services veteran Abid Ali Neemuchwala as its operations chief, Wipro has roped in yet another top executive from TCS, Dave Chopra as Vice President of its key global infrastructure business.

Jaiprakash Power plans to sell Bina Thermal Power Plant
Jaiprakash Power Ventures announced that Jaiprakash Power Ventures (JPVL) has concluded the Sale of Securities of Himachal Baspa Power Company (HBPCL) to JSW Energy at an Enterprise Value (EV) of Rs9,700 crore reduced by mutually agreed adjustments, including inter-alia Rs300 crore which is payable upon receipt of certain additional consents and approvals related to the Karcham Wangtoo HEP.

Tata Power pledges substantial investment in Karnataka
Tata Power Company Ltd has informed BSE regarding 'Tata Power’s Strategic Engineering Division Pledges Substantial Investment in Vemagal, Karnataka for Defence & Security Systems'.
                                                           
Havells India looks for domestic acquisition opportunities
Havells India is looking for domestic acquisition opportunities to add new products or expand market share. The company has a comfortable balance sheet with around Rs780 crore of cash – Positive read thru
                                                   
Eros’ ‘Welcome Back’ collects Rs50 crore in opening weekend
Eros International: ‘ Welcome Back’ collects Rs50 crore in opening weekend, positive for Eros International, as well as for PVR and Inox Leisure .Latest movie ‘ Welcome Back’, has collected a whopping Rs50 crore in its opening weekend. In international markets too,  collects $3.21 million (Rs21.38 crore) in its opening weekend.

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