Home / TIPS / 24 June 2015 TOP CORPORATE NEWS



L&T wins Rs2715 Cr Contract from ONGC

Larsen & Toubro Ltd has informed regarding a Press Release dated June 24, 2015, titled ‘ L&T Hydrocarbon Wins Rs2715 Crore Contract from ONGC’.

Cox & Kings sign agreement for new hotel in Munich

Cox & Kings Ltd has informed regarding a Press Release dated June 24, 2015, titled ‘Cox & Kings owned Meininger Hotels and Fonciere des Regions signed on agreement for a new hotel in Munich near the Olympic Park’.

Cadila rises on final approval for Pyridostigmine

Shares of Cadilla Healthcare rose 2% at Rs1768 after the company said that it has received final approval to market Pyridostigmine Bromide tablets USP, 60 mg, which is dispensed for the treatment of various neurological disorders. The stock opened at Rs1748.95 and touched a high of Rs1779 on NSE. The estimated sales of the drug in 2015 is $27.9 million as per IMS.

Stock update: Prospects of a good monsoon improve

A strong pick-up in the monsoon rainfall in large parts of the country and a 21% higher-than-normal rainfall till date has raised hopes of a boost to the rural economy reflected in the 10% up move in the stock over the past ten days. The domestic tractor industry after growing at a robust 20% in FY2014 has been under pressure over the last 15 months.

ONGC to drill 406 development wells in Gujarat

ONGC is planning to drill a 406 development wells in the oil fields located in Cambay Basin in Gujarat. The proposed drilling is expected to be undertaken at the company’s Ahmedabad Asset located in Gandhinagar, Ahmedabad and Kheda districts.

HUL may buy hair care biz Indulekha for Rs500 cr

Hindustan Unilever may buy hair care biz Indulekha for Rs500 cr –positive read thru .As per media reports, Hindustan Unilever ( HUL) is returning to the M&A ring with an interest to acquire Kerala-based ayurvedic hair and skin care brand Indulekha. The HUL bid, if successful, could possibly be its first acquisition deal in more than a decade.

GMR Infra debt restructured under 5/25 scheme

GMR Infra debt restructured under 5/25 scheme – Positive (debt gets spread to 25 years loan to ease repayment needs) .GMR Infrastructure have asked banks to restructure their loans under the 5/25 scheme as they are unable to meet their debt servicing commitments due to an economic slowdown.- Any positive development would help to ease pressure to certain extent, therefore, sentimentally positive for the stock.

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