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Friday, March 14, 2014

TOP CORPORATE NEWS

·        Bharti Airtel slips in volatile trade after raising funds from overseas bond sale
                                                                                        
Bharti Airtel slip 0.23% after the company has raised 350 million CHF through issue of bonds in the Swiss market.

·        Dr Reddy's Lab recalls 58,656 bottles of heartburn drug in US

Dr Reddys Laboratories is recalling about 58,656 bottles of the heartburn drug lanso prazole in the United States due to a microbial contamination.

·        IOC to set up refinery in Mundra

Indian Oil Corporation (IOC) is planning to set up refinery worth Rs 30,000 crore at Mundra in Gujarat. According to IOC, coastal refinery would enable the company to transport larger quantities of heavier grades of crude oil at a cheaper rate.

·        AstraZeneca Pharma stock surges 9%

Shares of AstraZeneca Pharma India surged over 9% ahead of the board of directors meeting to consider voluntary delisting proposal received from AstraZeneca Pharmaceuticals.

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