TOP CORPORATE NEWS-13 Mar 2014

TOP CORPORATE NEWS

      L&T gains on winning Rs 3,655 crore order from Qatar

                                                                                        

Larsen and Toubro is trading higher by 1% after the company has secured international order worth Rs 3,655 crore from ASHGHAL (Public Works Authority), state of Qatar for design and construction of Al Wakrah Bybass Road.

·        Jubilant Life Sciences announces price increase of 18% for Niacin

Jubilant Life Sciences announces a price-increase of 18% for Niacin feed-grade, with immediate effect, for non-contract customers and wherever existing contracts permit.

·        Infosys tanks 9% on weak Q4 guidance

Infosys has tanked 9% on reports that it expects sluggish growth in January-March (Q4FY2014) quarter mainly due to muted spending by clients, especially in the retail sector.

·        Sun Pharma dips on FDA import alert for Karkhadi unit

Sun Pharmaceutical Industries has dipped over 4% after the US Food and Drug Administration (FDA) has issued an import alert for all products manufactured at its plant at Karkhadi, Gujarat. An import alert results in the detention without physical examination of drugs from firms that have not met so-called good manufacturing practices.