Sunday, February 16, 2014


INDIAN BENCHMARK have started the trading session on a higher note ahead of interim budget. Bharti Airtel is set to buy Loop Mobile for about Rs7bn. Under the deal, besides subscribers, Bharti will take over the towers and other network assets of Loop.

FURTHER, HDIL has posted a net profit after taxes, minority interest and share of profit / (loss) of associates of Rs. 51 mn for the Quarter ended December 31, 2013 whereas the same was at Rs. 1073.50 mn for the Quarter ended December 31, 2012. Biocon and US generic drug maker Mylan have challenged Delhi High Court’s interim order which barred them from using Swiss drug innovator Roche’s data to sell their jointly developed biosimilar version of breast cancer drug Trastuzumab.

Trend in FII flows: The FIIs were net sellers of Rs.15cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 45cr, as per the provisional figures released by the NSE.


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