TOP CORPORATE NEWS

·        United Bank plans to raise Rs 1,000 cr via QIP

United Bank of India plans to raise up to Rs. 1,000 crore through a qualified institutional placement or rights issue this fiscal.

                                                                                                        

·        Tata Steel to seek shareholders' nod for raising Rs 14k cr

Tata Steel will seek shareholders nod to raise up to Rs 14,000 crore through privately placed debt securities in domestic as well as global markets. This will be in addition to the Rs. 575 crore it aims to raise by issuing equity shares on a preferential basis to the government Rs. 275 crore and to the Life Insurance Corporation of India Rs. 300 crore.

·        Infosys up 2.4%, may bag US Treasury office deal

Shares of Infosys up as much as 2.4 percent on hopes of getting US Treasury office deal. US government is likely to give 3 IT deals worth USD 1.4 billion this year. These deals include US Treasury office, work & pensions and patent office.

·        Just Dial jumps 4%, brokerages overweight on it

Shares of Just Dial  jumped over 4 percent. Both HSBC and Barclays have overweight rating on the stock with target price of Rs 1900 and Rs 2000 respectively.