• LIC Housing Finance plans to mart Orbit Corp property
LIC Housing Finance will auction a property belonging to property developer Orbit Corporation for default of loans. LIC Housing Finance has kept a reserve price of Rs125 crore for the 9,083 square metre or over 90,000 sq ft property.
• Bharti Airtel is now 3rd largest mobile operator in world
Bharti Airtel Ltd has informed regarding a Press Release dated June 30, 2015, titled 'Airtel is now the third largest mobile operator in the world'.
• Coal India gains as Morgan Stanley raises target price
Shares of Coal India rose nearly 3% touching to Rs419.75, after Morgan Stanley raised share price target to Rs530 from Rs449. Global brokerage major Morgan Stanley maintained ' outperform' rating on the stock with a target price of Rs530 per share. This indicates a potential upside of 30% over Monday's closing price.
• Nestle allow to continue exports of Maggi noodle
Nestle India announced that the Hon'ble Bombay High Court has allowed the Company to continue the export of MAGGI noodles.
• M&M to invest Rs6,500 at Chakan over the next seven years
Mahindra & Mahindra (M&M) will invest about Rs 6,500 crore at its Chakan facility in Maharashtra. The Chakan facility is under a 100% subsidiary i.e Mahindra Vehicle Manufacturers Ltd (MVML) and manufactures utility vehicles and pick-ups for M&M. The management had earlier guided for a capex of Rs3500 over the next three years at Chakan.
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