TOP CORPORATE NEWS

Chennai Petroleum Q4 net profit at Rs 49.81 crore

Chennai Petroleum Corporation Ltd has reported a net profit of Rs 49.81 crore for the fourth quarter ended March 31, 2014. The company had reported a net loss of Rs 392.23 crore during the corresponding period of the previous year.

Sun Pharma, Ranbaxy gain after AP HC lifts merger stay

Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are rose up to 3% in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.

ONGC gains after OVL's agreement with Rosneft

                                                                       

ONGC rose 3.56% after the company’s overseas arm, ONGC Videsh, has signed a deal with Russia's largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.

DLF gains as subsidiary raises Rs 525 crore through CMBS

DLF rose 1.62% after the company's subsidiary DLF Emporio successfully placed India's first Commercial Mortgage Backed Security (CMBS) issuance of Rs 525 crore.