Tuesday, 13 January 2015

Top corporate news of the day – January 13, 2015

Cipla might restart supplying anti-HIV drugs to the National Aids Control Organization (Naco) in the next two months. 
 
Biocon concluded sale of 10% stake in its research arm Syngene for Rs 3.8bn to IVF Trustee Company Private Ltd.
 
The patent disupte between Bristol-Myers Squibb (BMS) and Natco Pharma Ltd over entecavir, a pharmaceutical combination for treating Hepatitis B has been settled amicably, both the companies informed Intellectual Property Appellate Board (IPAB).
 
The Modi’s government move to allow dual use of social and commercial infrastructure in non-processing areas of Special Economic Zone (SEZs) will give a big boost to the land monetization plans of Adani Ports & SEZ Ltd – which already has an operational SEZ at Mundra and has a large area which is yet to be leased.
 
Maruti Suzuki India is eyeing 20% growth in vehicle exports this fiscal at 0.12mn units, riding on increased sales in non-European markets like Africa, Latin America and the Middle East.
 
Crompton Greaves (CG) has entered into a memorandum of understanding (MoU) with French enterprise Arelis that specialises in design and manufacturing of high-tech electronic solutions.
 
Insecticides India Ltd, which reported an annual turnover of Rs9bn last fiscal, is eyeing a turnover of Rs12bn in 2014-15.
 
Reliance Communication (RCOM) expects revenue from its India enterprise business to cross US$1 bn annually over the next year and half, a top executive said, citing demand for cloud-based services that he said is growing exponentially.
 
Bank of Maharashtra raised Rs10bn from bonds to funds business growth.
 
Intellect SEEC, providers of insurance software from Intellect Design Arena Ltd, a Polaris Group company, has inked a pact with global provider of advanced risk analytics solutions 'OutsideIQ'.
 
UK's Commonwealth Development Corporation (CDC), private equity investors CX Partners, Newquest and a unit of Bajaj Group are leading a Rs6bn investment in Ujjivan Financial Services, clinching the single largest funding deal in India's microfinance sector, sources directly familiar with the matter said. 

No comments:

Post a Comment