Monday 18 August 2014

Stocks in news

Tata Power Ltd

     Tata power is raising $560 million (Rs 3,360 crore) from the international market to refinance old debts due in the next few months. Bankers say the company is marketing a $460-million, 18-month loan and another of $100 million as a three-year facility.

 MCX Ltd

      The market share of Multi Commodity Exchange of India (MCX) in the first fortnight of August hit 83% the highest since October last year , the exchange said on Monday.

Bhushan Steel Ltd

     Even as the consortium of lenders to Bhushan Steel readies to meet early next week to try and ensure the Rs 40,000-crore exposure doesn't turn bad, the company said it will seek shareholder approval to raise $1 billion via securities.

Carin India Ltd

     After oil, Cairn India's prolific Rajashthan block holds significant natural gas reserves, estimated at 1-3 Trillion cubic feet (Tcf), over half of which can be produced.

IOC Ltd

State-owned Indian Oil Corporation has proposed to invest about Rs 1,200 crore during the current financial year for expandings its Liquefied Petroleum Gas (LPG) pipeline projects.

HCL Tech 

     HCL Technologies  country's fourth largest software services firm, has bagged a deal worth about AUD 35% million (over Rs 198 crore) from Sydney Trains to support and maintain 107 of its business applications.

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