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Friday, March 28, 2014

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Dr Reddy's gain on launch of generic cholesterol-lowering drug in US

Dr Reddy’s Laboratories is trading higher by 2% after drug maker said that it has launched generic version of Pfizer's Caduet tablets, a cholesterol-lowering drug, in US market.

India Cements rises 8%, SC allows CSK to play in IPL7

India Cements   seems to be celebrating the Supreme Court order on IPL spot-fixing scandal probe. Shares of the cement company rose 8 percent intraday on Friday as SC has granted Chennai Super Kings and Rajasthan Royals permission to play in the seventh edition of IPL.

Lakshmi Vilas Bank gains on fund raising plan


Lakshmi Vilas Bank is trading higher after it plans to raise Rs 505 crore through a rights issue from its existing shareholders.

PNB up 4%, PE funds may buy stake in its home finance arm

Shares of Punjab National Bank rallied 4 percent as Private equity funds General Atlantic Partners and Apax Partners are in talks to buy out 49 percent stake owned by retail financial services company Destimoney in Punjab National Bank's housing finance company PNB Housing Finance.

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