TOP CORPORATE NEWS-11 MAR 2014

TOP CORPORATE NEWS

·        Godrej Properties jumps after adding new project in Vikhroli

                                                                                        

Godrej Properties jumped 5.50% after the company said it will develop a new project in Vikhroli through its agreement with Godrej & Boyce.

·        Mindtree to support and increase efficiencies for SITA’s Strategic Finance System

Mindtree announced that it now provides application support and evolutionary maintenance services to SITA, the world's leading specialist in air transport communications and IT solutions, for its new Strategic Finance System platform.

·        February trade deficit at $8.13 bn

Trade deficit narrowed in February on a sharp fall in imports. The trade deficit stood at US$8.13bn, more than 40% lower from a year ago. Imports continued to fall it was down 17.09% year-on-year to US$33.82bn

·        Sun Pharma was down nearly 2.5%

Shares of SunPharma was down nearly 2.5%. According to FDA statement, Sun Pharma began recalling the bottles of metformin HCL extended-release tables on January 28, 2014.