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Tuesday, October 13, 2015

Equity Tips
Cox & Kings acquires LateRooms.com for Rs85 cr
Travel major Cox & Kings has said that it has acquired UK-based hotel booking website LateRooms.com, owned by Germany-headquartered travel major TUI Group -- for GBP 8.5 million (around Rs85 crore).

The acquisition fits Cox & Kings' plans to expand its global online and B2C leisure proposition, the company said. In India, Cox & Kings has presence in 149 cities and focus on corporate travel, education & activity travel, meetings, incentives, conferencing, exhibitions (MICE), trade fairs, visa processing and foreign exchange.
                                                                                                     
Hero launches updated Splendor Pro ahead of festive season
Hero launches the updated Splendor Pro ahead of the festive season; positive for the company. Hero MotoCorp launched the revamped Splendor Pro priced at Rs46,850 ex-showroom Delhi. Splendor is the largest selling motorcycle brand in the country with the Splendor Pro accounting for 60% of the Splendor brand sales.

Inox Wind gains on getting 50 MW turnkey wind power project
Shares of Inox Wind gained over 2% to Rs 381 on NSE in an otherwise weak markets as the company has bagged 50 MW turnkey wind power project order from Tata Power in Madhya Pradesh. This is third project awarded to Inox wind from Tata power the previous two being of 172 MW – Positive for Inox Wind.
                                                                                                     
Astec Life gains on transfer of shares to new promoter
Astec Life sciences rose nearly 3%, touching to Rs247, after the company said its board approved transferring 88.11 lakh equity shares held by existing promoters to Godrej Agrovet.
Astec Life sciences said that the board of directors of the company at its meeting held on October 12, 2015, approved the transfer of 88.11 lakh equity shares of the company held by the existing promoters of the company to Godrej Agrovet, the incoming promoter.
                                                               
Aurobindo gets ministry’s nod to expand facility in Telangana
Aurobindo Pharma gets environmental ministry’s nod to expand its bulk drugs facility in Medak district in Telangana .Environment Ministry's green panel EAC has approved Aurobindo Pharma's proposal to expand its bulk drugs facility in Medak district in Telangana, entailing an investment of about Rs300 crore. The company had sought green nod for increasing the production at its bulk drugs unit in Medak district to 421.2 tonnes per month (TPM) from the existing 96 TPM.

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