Tuesday 2 September 2014

Stocks in News

Tata Motors Ltd: 

     Automobile major Tata Motors has received orders for over 2,700 'urban' buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme. 

Unitech Ltd: 

     Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 per cent and improve cash-flows for faster execution of ongoing projects, company's chairman Ramesh Chandra has said. 

GMR Infrastructure Ltd: 

     Sources with direct knowledge share that leading private equity firm KKR is close to providing structured debt worth Rs 1,000 crores to GMR Infrastructure's promoter entity, GMR Infra Ventures. GMR is expected to infuse this cash as equity funding in the listed company, GMR Infra, a source said. 

ONGC: 

     Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural GasCorp (ONGC) has said it needs $6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block. 

Maruti Suzuki India Ltd:

      Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow. 

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