Wednesday, 17 December 2014

Top corporate news of the day - December 17, 2014

NTPC, has released second Expression of Interest (EOI) for acquiring coal based thermal power projects to put to use its cash reserves of around Rs50bn. 
 
Overturning directions issued by regulator the Directorate General of Civil Aviation (DGCA), the ministry of civil aviation (MoCA) lifted the 30-day booking restriction the DGCA had imposed ailing no-frills carrier SpiceJet
 
The Odisha government has issued orders to restart operations of four captive iron ore mines of Tata Steel following an interim order of the Odisha High Court (HC). 
 
Steel Ministry directed PSU iron ore miner NMDC to advance its 100 mtpa production target by four years to 2020-21 to ensure the raw material for the domestic steel industry at reasonable prices. 
 
Eyeing a major share of the homeopathy pharma segment, Emami group announced a partnership with German homeopathic company Hevert-Arzneimittel. 
 
Dr Reddy's Laboratories announced that it has launched anti viral drug Valganciclovir in the US market after the US Food and Drug Administration (US FDA) granted the approval. 
 
Strides Arcolab has received approval from the US drug regulator for Calcitriol softgel capsules used for treatment of patients with kidney disease who have vitamin D deficiency. 
 
HDFC Bank launched mobile banking initiative to offer round-the-clock banking facility in Varanasi. 
 
ABB and Hitachi entered into a joint venture for providing high voltage direct current (HVDC) system solutions in Japan. The new entity, to be based in Tokyo, will be responsible for the design, engineering, supply and after-sales services related to the DC system of HVDC projects. Hitachi and ABB will take equity interests of 51% and 49% respectively. 
 
Thomas Cook India (TCIL) has launched a Holiday Savings Account, in a tie-up with IndusInd Bank
 
Tata Power announced commissioning of the remaining 8 MW of the 32 MW wind farm at Girijashankarwadi in Maharashtra. 
 
Retail volumes of Jaguar and Land Rover (JLR) declined for the second straight month after the twoTata Motors-owned brands reported production issues related to transition to new models and stock clearance in its biggest market, China. 
 
Motherson Sumi Systems Ltd would buy assets of Germany's Scherer & Trier group for about USD44.8mn through a subsidiary. 
 
Alstom T&D India said that it has secured an order worth Rs1.52bn from Rajasthan Rajya Vidyut Prasaran Nigam Ltd to supply a 400/220 kV sub-station in Bhadla and expand the existing sub-station in Bikaner. 
 
Kirloskar Oil Engines Ltd (KOEL) plans on selling its power generation sets in the US, the world’s largest market, and Indonesia amongst new geographies, in the bid to more than double exports by 2018. 
 
Apollo Hospitals to raise capital for next round of expansion.
 
Siemens Limited has surpassed a key milestone in manufacturing and delivering International Efficiency (IE) class industrial motors by handing the 100,000th motor to UltraTech Cement Limited

No comments:

Post a Comment