Friday, 11 July 2014
·
Kotak Mahindra Bank up 2%, RBI
allows FIIs to buy shares
Shares of
Kotak Mahindra Bank gained as much as 1.77 percent after the Reserve Bank of
India allowed FIIs to buy shares of the bank through primary market and stock
exchanges.
·
Infosys Q1 net falls 3.5%, FY15 $
revenue to grow 7-9%
Infosys has reported a
consolidated net profit of Rs 2,886 crore in April-June quarter, degrowth of
3.5 percent compared to Rs 2,992 crore in previous quarter. Year-on-year growth
in profit was 21.6 percent.
·
Sun Pharma recalls antidepressant
drug from US market
Sun Pharma
has initiated recall of some lots of Venlafaxine Hydrochloride extended-release
tablets from the US market. According to a notification by the FDA, the recall
of 26,530 units of 30-count bottles and 14,597 units of 90-count bottles is
voluntarily initiated by the company through a letter to the regulator last
month under 'Class-II' classification.
·
Polaris slumps as key shareholder
cuts stake
Polaris
Financial Technology tumbled 7.17%, after the company's second largest
shareholder trimmed its stake on Thursday, 10 July 2014.
