Tuesday 19 August 2014

Stocks in news

Bharti Airtel Ltd

     Telecom major Bharti Airtel is in advanced stage talks with American Tower Corporation (ATC) and Eaton Towers for selling its tower assets in several African Contries, including Nigeria, Ghana and Uganda, sources aware of the development said

Arvind Ltd

     Arvind Ltd today announced its foray into e-commerce with custom clothing brand 'Creyate' and said it aims to reach Rs 1,000 crore revenue from e-commerce in three years.

HDFC Bank Ltd

     The controversial proposal of HDFC Bank to hike foreign holding may be taken up by the Foreign Investment Promotion Board (FIPB) in the next meetin following clarifications submitted by the bank.

Eros International Media & ZEE Entertainment Ltd

     Eros International Media said that its on-demand entertainment portal has acquired the worlwide rights of 10 shows from Zee TV. With this, content from Zee will be available to ErosNow members without them having to pay any extra subscription costs.

GAIL India Ltd

     In a setback to Oil Ministry, gas utility GAIL and refiner CPCL have expressed thier inability to deduct $115 million from the amount due to Reliance Industries to make up for the additional profit pertoleum from the flagging KG-D6 block.

Just Dial Ltd

     The Board of Directors of the Company at its meeting held have decided to seek apporval of shareholders for increasing limit on aggregate shareholding of Foreign Institutional Investors/Foreign Portfolio Investors in the Company from existing 49% to 75% of the paid-up equity share capital of the company.


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