Morning Stock Market Technical Report

Discussion in 'Making Money Online' started by research4u, Dec 16, 2013.

  1. research4u

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    Dec 16, 2013
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    Tata Motors Group global wholesales, including Jaguar Land Rover, fell 19.91% to 81,957 units in November 2013 over in November 2012. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range declined 36.54% to 31,254 units in November 2013 over in November 2012.

    SKS Microfinance
    -Reports indicate that the company witnessed financial frauds to the tune of Rs 2 crore during FY13
    -Investigations are in progress and the services of employees involved in the fraud have been terminated

    Sebi may look to re-examine its order the on Jet-Etihad deal
    -Sebi may approach the competition commission of India for more clarity on its order and to consider how both airlines can have joint control
    -But final call on the deal is up to the government.

    Lanka Ashok Leyland PLC, a joint venture between Ashok Leyland and Sri Lankan government owned Lanka Leyland Ltd, is expected to bag an order worth around Rs 237 crore from the Sri Lankan government. The Sri Lankan government is talking with the commercial vehicle major to supply around 2,200 new buses.

    GlaxoSmithKline plc announced a voluntary open offer
    1. to increase its stake in its publicly-listed pharmaceuticals subsidiary in India, GlaxoSmithKline Pharmaceuticals Limited , from 50.7% to up to 75% at a price of Rs 3,100 per share.
    2. GSK added that it intends to keep the company listed, which means it will not hike its stake any further after the open offer.
    3. -Securities regulations in India require a minimum public shareholding of 25% for a company to maintain a public listing.

    [Source : ]

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