TOP CORPORATE NEWS 07 JULY 2014

·        Elder Pharmaceuticals plans to strengthen its remaining existing brands

Elder Pharmaceuticals Limited post the Torrent Pharmaceuticals Rs. 2004 crore deal, for which the transaction for sale and transfer of its branded domestic formulations business in India and Nepal on a slump sale basis got completed last week.

·        RCom in demand as FTSE hikes weightage

Reliance Communications rose 1.15% after index provider FTSE on Friday, 4 July 2014, said it has raised the weightage of the stock in three indices.

                                                                                                        

·        IDFC gains 7% on Morgan Stanley upgrade

IDFC has surged over 7% on back of heavy volumes after Morgan Stanley raises its price target for the company to Rs 175 from Rs 115.

·        Tata Motors hits new high

Tata Motors is higher by 2% after Chairman Cyrus P Mistry said the company is working on a strong pipeline of products for the domestic market keeping in view changing customer needs to make the company more profitable over the years.