Wednesday, 16 July 2014
·
Sun Pharma at record high, arm
buys US-based Pharmalucence
Shares of
Sun Pharmaceutical Industries touched an all-time high of Rs 753 on the
up 1.93 percent after its subsidiary acquired US-based Pharmalucence Inc.
·
Kotak Mahindra Bank Q1 net up 11%,
asset quality improves
Kotak Mahindra Bank
reported stable earnings with the consolidated net profit rising 11.3 percent
on yearly basis to Rs 698.3 crore during April-June quarter on account of lower
provisions and higher other income but higher operating expenses limited
profitability of the bank.
·
Federal Bank Q1 profit up 108% on
fall in provisions
Federal Bank
reported strong earnings with the first quarter (April-June) net profit surging
108 percent to Rs 220.2 crore compared to Rs 105.7 crore in same quarter last
year, aided by sharp fall in provisions and improvement in asset quality
performance despite fall in other income.
·
DLF plans to raise Rs35bn
DLF Ltd is
planning to raise up to Rs 3,500 crore through issue of securities backed by
IT-SEZ. The company has office assets of 26-27 million sq ft, of which 12
million sq ft is IT-SEZs.
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