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Friday, February 21, 2014

TOP CORPORATE NEWS

·        United Bank of India slips after CMD Archana Bhargava quits
                                                                                        
United Bank of India fell 1.03% after Archana Bhargava resigned as chairperson and managing director of the bank with effect from 20 February 2014. United Bank of India has been under pressure after reports on non-performing assets mismanagement surfaced earlier in this week.

·        HCL Tech gains on buzz Shiv Nadar to sell entire stake

HCL Technologies rose 1.06% on reports that the company's promoter Shiv Nadar is sounding out potential buyers for selling his entire 62% stake in the company.

·        Elder pharma Expect Rs 600-700cr sales from overseas biz   
       
Elder Pharma is planning to come out with series of new products especially line of in-license products and brand extension. The company has appointed Deloitte for organisational restructuring post its sale of formulation business to Torrent Pharma.

·        ICICI Bank launches municipal tax collection service in Nashik
                                                    

ICICI Bank has announced the launch of a service to collect municipal tax on behalf of Nashik Municipal Corporation (NMC). This unique service will help citizens with accounts in any bank to pay municipal taxes at any of the 14 ICICI Bank branches in Nashik. 

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