Thursday 24 October 2013

Federal Bank gets FIPB nod to raise foreign shareholding!

The 50-share Nifty index is expected to open lower on Friday following negative trend seen in other Asian markets, while investors will keep a close eye on Idea Cellular which reported its quarterly results post market hours on Thursday. Stocks in news are Idea Cellular, GSFCL, GAIL, TVS Motors, ITC, ICICI Bank, Shoppers Stop, Wockhardt, Power Grid, JK Tyre, Biocon and Deepak Fertiliser.

Today’s Headlines

1) SKS Promoter entity plans to move Company Law Board against SKS Microfinance.
2) Federal Bank gets FIPB nod to raise foreign shareholding.
3) Brace for more power cuts as Phailin hits coal supplies.
4) Trai's bias might end the road for CDMA operators: Auspi.
5) Jet Airways plans to raise $300 million to replace its high cost rupee debt.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Federal-Bank-gets-FIPB-nod-to-raise-foreign-shareholding-2

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