NEWS CORNER
1.
PVR flopped 11% while INOX
slumped 9% after media reports claimed that the Maharashtra government may
allow people to bring their own food inside multiplexes from August 1 onwards.
2.
Low-cost airline SpiceJet is all
set to enter into major business partnerships with two American companies, which
includes an international airline, to diversify its activities beyond aviation.
3.
RS Software (India) Ltd has
emerged as the lowest bidder (L1) for the development and operation of an EFRM
platform by the National Payments Corporation of India (NPCI).
4.
Mumbai-based technology company
Vakrangee gained over 2% after it announced its alliance with Reliance Nippon
Life Asset Management.
5.
The Chairman of Jindal Steel and
Power Ltd (JSPL), Naveen Jindal is now facing an additional charge for abetment
of bribery in the coal scam case.
6.
Idea Cellular share price tanks
after global research firm Credit Suisse maintained its Underperform rating on
the stock with a target price at Rs 45, implying a 17 per cent downside.
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