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Tuesday, February 25, 2014


TOP CORPORATE NEWS

·        Ranbaxy Laboratories stock up 2%
                                                                                        
Shares of Ranbaxy Laboratories were up 2% at Rs369 it has suspended shipments of pharmaceutical ingredients produced at its Toansa and Dewas plants.

·        IOC plans to buy stakes in Petronas' LNG project

Indian Oil Corp is planning to buy Malaysian firm Petronas' 10% stake in a shale-gas assets and liquefied- natural-gas project in British Columbia for $900 mn.

·        Tech Mahindra signs agreement with Sierra Wireless

Tech Mahindra Ltd. and Sierra Wireless announced that they have signed a formal teaming agreement to work collaboratively to develop and deploy end-to-end M2M solutions for customers worldwide.

·        Cadila Healthcare hits record high on USFDA nod for Clonidine Hcl injection       

Cadila Healthcare trading higher by 2% extending its yesterday’s nearly 5% rally after the company said it has received the final approval from the US FDA to market Clonidine Hcl Injection 0.1 and 0.5 mg/ml, 10 ml.


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