Today's Stock Corner

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Stock Corner:

1.                   Lupin received a final USFDA approval for Tetrabenazine Tablets, 12.5 and 25 mg. This is a generic version of Valeant Pharma’s Xenazine tablet 12.5 mg and 25 mg.

2.                   Axis Bank commenced succession process for a new chief executive officer and managing director and appoints Egon Zehnder to succession conduct process.

3.                   Adani Enterprises along with Prakash Asphaltings and Toll Highways (India) have incorporated a joint venture company Bilaspur Pathrapali Road Private Limited in the ratio of 74:26.

4.                   Reliance says it is not aware of any further investigation undertaken by the I-T department regarding the Rs6,500cr foreign direct investment by Biometrix in the company’s group entities.

5.                   DLF has sought to allay concerns about slow pace of monetization of land assets.

6.                   NMDC cuts prices of lump ore and fines by Rs100 each to Rs2,900 per tonne and Rs2,560 per tonne with effect from April 18.

7.                   Bharti Airtel shares gains on the back of positive news flow that company announces 30GB free data for users upgrading to 4G.

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