TOP CORPORATE NEWS

·        Sun Pharma at record high as Taro gains 17% post price hike

Shares of Sun Pharma up 3 percent after Taro rallied 17 percent in the US markets, reacting to its price hike of 11 products. Sun Pharma owns a 70 percent stake in Taro.

·        ONGC to invest Rs 5,700 cr in Mumbai High North development

Oil and Natural Gas Corp will invest over Rs 5,700 crore in redevelopment of its giant Mumbai High (North) oil and gas field off the west coast.

                                                                                                        

·        HDIL gains 4% on Citigroup stake buy

Housing Development & Infrastructure Ltd has moved higher by 4% as Citigroup bought 4 million shares of the Mumbai-based real estate developer for about Rs 38 crore through open market.

·        Union Bank surges 6%, shareholders' approval for QIP

Shares of Union Bank of India rallied as much as 5.6 percent after its shareholders approved raising of capital up to Rs 1,386 crore via qualified institutional placement.