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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