30 Mar, 2014

Tata Steel to begin production from Kalinganagar plant in Q4 FY'15

Tata Steel will start production from its greenfield plant at Kalinganagar in Odisha from the last quarter of next fiscal."Kalinganagar project is going on. It will start production from the...


Source: The Hindu Business Line

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30 Mar, 2014

Ministry to ascertain whether FTIL as holding co violated norms

The Ministry of Corporate Affairs is looking to ascertain whether Jignesh Shah-led Financial Technologies violated laws, especially with respect to carrying out its duties as a holding company.


Source: The Hindu Business Line

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30 Mar, 2014

Axis Bank to open 750 urban branches over next 2 years

Axis Bank has opened 250 branches in unbanked areas in FY 2014 as per the regulatory requirement, which qualifies it to launch 750 more urban branches over the next two fiscals.India's thir...


Source: The Hindu Business Line

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30 Mar, 2014

ABG Shipyard's Rs 11,000-crore corporate debt restructuring proposal cleared by banks

ABG Shipyard, the largest private sector ship builder in India, has got a fresh lease of life with a 22-lender consortium clearing a Rs 11,000-crore corporate debt restructuring (CDR) proposal, which ...


Source: NDTVPROFIT.com

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13 Mar, 2014

USFDA import alert on Sun's Gujarat plant

​The largest pharmaceutical company in India, Sun Pharmaceuticals has received a setback as the USFDA has issued an import alert for all products manufactured at its Karkhadi unit. The company


Source: Sify.com

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13 Mar, 2014

Tata Motors' strong JLR sales in February

Total sales of Tata Motors are up by 14 percent coming in at 30, 487 units. Land Rover sales have jumped by 13 percent while Jaguar sales have risen by 15 percent. China sales are up by 44 percent Y-o-Y while UK sales have declined by 25 percent.


Source: Moneycontrol.com

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13 Mar, 2014

Buy Finolex, Granules India; sell Biocon: AK Prabharkar

AK Prabharkar, Independent Advisor is of the view that one may sell Biocon with a target of Rs 392 and Indiabulls Real Estate with a target of Rs 51.50.


Source: Moneycontrol.com

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13 Mar, 2014

Buy Financial Tech, Tata Elxsi, Edelweiss Fin: Pankaj Jain

Pankaj Jain of Sunteck Wealthmax recommends going long in JK Tyre and Industries for a target of Rs 166.75 and Edelweiss Financial Services for a target of Rs 32.90.


Source: Moneycontrol.com

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13 Mar, 2014

Gujarat Pipavav Port fixes book closure for AGM

Gujarat Pipavav Port Ltd has informed that the Register of Members Share Transfer Books of the Company will remain closed from April 26, 2014 to May 06, 2014 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on May 06, 2014.


Source: Moneycontrol.com

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13 Mar, 2014

Rakesh Sethi resigns as executive director of PNB

Punjab National Bank has informed that in terms of Department of Financial Services, Ministry of Finance, Govt. of India letter dated March 11, 2014, Shri Rakesh Sethi, Executive Director has been appointed as Chairman Managing Director, Allahabad Bank. Sh. Sethi has demitted the office of Executive Director on March 11, 2014.


Source: Moneycontrol.com

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