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TOP CORPORATE NEWS 21 AUGUST 2014
By : Simran Shah
·
Axis Bank board approves fund
raising via private placement
Shares Axis
Bank rose over 2%, after the bank's board approved raising funds through
private placement.
·
Kotak Mahindra Bank promoter sells
equity shares
Kotak Mahindra Bank has
announced that Kotak Trustee Company Pvt Ltd, a promoter group entity of Kotak
Mahindra Bank Ltd, has on August 21, 2014 sold 16,00,000 shares of the Bank.
·
Dr Reddys under check for
packaging violations
Dr Reddys
Laboratories has come under the eye of Department of Justice of USA for alleged
violations of some provisions of Consumer Product Safety Act. The company has
rejected the Consumer Product Safety Commissions (CPSC) allegations in the
matter.
·
Titan Company surges after Morgan
Stanley upgrades
Shares of
Titan Company rose over 6%, after Morgan Stanley upgrades the watches and
jewellery maker to ' Overweight' from 'Equal-weight'.
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