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Friday, July 11, 2014

Kotak Mahindra Bank up 2%, RBI allows FIIs to buy shares
Shares of Kotak Mahindra Bank gained as much as 1.77 percent after the Reserve Bank of India allowed FIIs to buy shares of the bank through primary market and stock exchanges.

Infosys Q1 net falls 3.5%, FY15 $ revenue to grow 7-9%

Infosys has reported a consolidated net profit of Rs 2,886 crore in April-June quarter, degrowth of 3.5 percent compared to Rs 2,992 crore in previous quarter. Year-on-year growth in profit was 21.6 percent.

Sun Pharma recalls antidepressant drug from US market
Sun Pharma has initiated recall of some lots of Venlafaxine Hydrochloride extended-release tablets from the US market. According to a notification by the FDA, the recall of 26,530 units of 30-count bottles and 14,597 units of 90-count bottles is voluntarily initiated by the company through a letter to the regulator last month under 'Class-II' classification.

Polaris slumps as key shareholder cuts stake

Polaris Financial Technology tumbled 7.17%, after the company's second largest shareholder trimmed its stake on Thursday, 10 July 2014.

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