·Cabinet approves Rs20,000 crore budget for 'Namami Ganga Programme
The Union Cabinet has approved a massive Rs20,000 crore budget for ' Namami Ganga Pro-gramme' for the next five years towards the conservation of the river – positive for Va Tech Wabag and ITD cementation.
·Glenmark Pharma gains after CLSA starts coverage with Buy
Glenmark Pharmaceuticals' shares rose over 2%, touching to Rs913, after CLSA starts coverage with BUY rating and target price of Rs1,060.
·Government allows companies to exit road projects
As per media reports, the government today allowed developers to exit highway projects two years after they are completed, a move that will unlock investments worth Rs 4,500 crore and provide renewed thrust to the sector. Once this amount is unlocked and re-invested in new projects, it could support 1500 kms of new highways on PPP mode reviving the response to BOT projects.
The Union Cabinet has approved a massive Rs20,000 crore budget for ' Namami Ganga Pro-gramme' for the next five years towards the conservation of the river – positive for Va Tech Wabag and ITD cementation.
·Glenmark Pharma gains after CLSA starts coverage with Buy
Glenmark Pharmaceuticals' shares rose over 2%, touching to Rs913, after CLSA starts coverage with BUY rating and target price of Rs1,060.
·Government allows companies to exit road projects
As per media reports, the government today allowed developers to exit highway projects two years after they are completed, a move that will unlock investments worth Rs 4,500 crore and provide renewed thrust to the sector. Once this amount is unlocked and re-invested in new projects, it could support 1500 kms of new highways on PPP mode reviving the response to BOT projects.
·Pantaloons Fashion posts improved operational performance
Pantaloons Fashion Retail posted a topline growth of 12% yoy growth for the quarter; aided by realignment of the product mix, the cost of goods sold saw a major improvement (down 420 bps yoy), resulting in sharp improvement in the operating performance.
·TCS China awarded at Global CEO Innovation
Tata Consultancy Services ( TCS) has announced that TCS China has been conferred with two awards at the Global CEO Innovation Summit 2015 in Shenzen.TCS China President accepted the Innovative CEO of the Year Award and TCS China HR received the Best Achievement Award for TCS China University Program.
·MAN Inds gets export orders worth Rs510 cr; stk gainsShares of Man Industries 16% to Rs70.65, after the company said it received orders worth approximately Rs510 crore from international market for oil & gas sector.With these new orders the outstanding executable order book stands at around Rs1300 crore as on date. The new order intake will result in significant improvement in performance of the company in the current financial year, company said
·E-tourist visa arrivals for January-April 2015 stand at 94,988 tourists
The Tourist arrival on e-tourist visa during January-April 2015 stood at 94,988 tourists a growth of 1086% over January-April 2014 – positive read through for travel companies such as Cox & Kings and Thomas Cook India.
·UFO Moviez debut on bourses at Rs600 per share
Shares of UFO Moviez India listed at Rs 600, a discount of 4 per cent to issue price of Rs 625, on the BSE & NSE, respectively. On the BSE stock had touched a high of Rs623 and a low of Rs600 in trade. It has so far failed to breach the issue price of Rs625 while on the NSE stock had touched a high of Rs622.80 and a low of Rs600.
Pantaloons Fashion Retail posted a topline growth of 12% yoy growth for the quarter; aided by realignment of the product mix, the cost of goods sold saw a major improvement (down 420 bps yoy), resulting in sharp improvement in the operating performance.
·TCS China awarded at Global CEO Innovation
Tata Consultancy Services ( TCS) has announced that TCS China has been conferred with two awards at the Global CEO Innovation Summit 2015 in Shenzen.TCS China President accepted the Innovative CEO of the Year Award and TCS China HR received the Best Achievement Award for TCS China University Program.
·MAN Inds gets export orders worth Rs510 cr; stk gainsShares of Man Industries 16% to Rs70.65, after the company said it received orders worth approximately Rs510 crore from international market for oil & gas sector.With these new orders the outstanding executable order book stands at around Rs1300 crore as on date. The new order intake will result in significant improvement in performance of the company in the current financial year, company said
·E-tourist visa arrivals for January-April 2015 stand at 94,988 tourists
The Tourist arrival on e-tourist visa during January-April 2015 stood at 94,988 tourists a growth of 1086% over January-April 2014 – positive read through for travel companies such as Cox & Kings and Thomas Cook India.
·UFO Moviez debut on bourses at Rs600 per share
Shares of UFO Moviez India listed at Rs 600, a discount of 4 per cent to issue price of Rs 625, on the BSE & NSE, respectively. On the BSE stock had touched a high of Rs623 and a low of Rs600 in trade. It has so far failed to breach the issue price of Rs625 while on the NSE stock had touched a high of Rs622.80 and a low of Rs600.
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