TOP CORPORATE NEWS 21 AUGUST 2014

·        Axis Bank board approves fund raising via private placement

Shares Axis Bank rose over 2%, after the bank's board approved raising funds through private placement.

·        Kotak Mahindra Bank promoter sells equity shares

Kotak Mahindra Bank has announced that Kotak Trustee Company Pvt Ltd, a promoter group entity of Kotak Mahindra Bank Ltd, has on August 21, 2014 sold 16,00,000 shares of the Bank.

·        Dr Reddys under check for packaging violations

Dr Reddys Laboratories has come under the eye of Department of Justice of USA for alleged violations of some provisions of Consumer Product Safety Act. The company has rejected the Consumer Product Safety Commissions (CPSC) allegations in the matter.

·        Titan Company surges after Morgan Stanley upgrades

Shares of Titan Company rose over 6%, after Morgan Stanley upgrades the watches and jewellery maker to ' Overweight' from 'Equal-weight'.

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