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Friday, June 6, 2014

Strides Arcolab were up over 8%
Shares of Strides Arcolab were up over 8% after the company has received approval from the US Food and Drug Administration for manufacture of generic Methoxsalen capsules in 10mg dosage.

Infosys under pressure
Shares of Infosys fell as much as 2.55 percent after the India's second largest software services firm saw the exit of its global head of strategic sales, marketing and alliances Prasad Thrikutam.

Idea share sale subscribed nearly three times
Idea Cellular Ltd's $506 mn share sale to institutional investors, received a demand of nearly three times, the number of shares on offer.

Tech Mahindra drops amid volatility
Tech Mahindra lost 0.4%, with the stock sliding amid volatility after the company and Informatica Corporation announced an expansion of their decade-long strategic association.

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