Wednesday 11 February 2015

Top corporate news of the day - February 11, 2015

Eros International to release 'Uttama Villain', upcoming movie of Kamal Haasan. The company announced its association with N Linguamy's Thirrupathi Brothers Media Pvt Ltd to release the movie.

ICICI Bank has initiated the process of repatriating capital from its Canadian arm for the second time in as many years. The bank is also planning to optimize the capital invested in its United Kingdom subsidiary.
 
Natco Pharma announced that it had filed Abbreviated New Drug Applications (ANDAs) for Fingolimod, 0.5 mg capsules and Cabazitaxel, 60 mg/1.5ml injection, with the US Federal Drug Administration (USFDA) through its respective marketing partners in the USA. 
 
DLF plans to raise over Rs30bn through divestment or joint ventures in certain projects, aiming to reduce its debt. It is also looking to set up two Real Estate Investment Trusts (REITs) in the next fiscal.
 
Eros International to release 'Uttama Villain', upcoming movie of Kamal Haasan. The company announced its association with N Linguamy's Thirrupathi Brothers Media Pvt Ltd to release the movie.
 
Idria Limited, an affiliate of Creador II LLC has invested Rs1bn for a minority stake in publicly listed Ashiana Housing (Ashiana). Ashiana is focussed on developing mid-income housing segment in North India 
 
Reliance Communications and Facebook announced a tie-up to provide free access to 33 Web sites, an initiative that aims to encourage more people to use the Internet. 
 
Dairy products giant Amul does not have any plans to raise milk prices for next 4-5 months but it would review the price situation during the monsoon season. 
 
A day after ordering a probe against DLF, the Competition Commission of India (CCI) ordered a second probe against the company, for allegedly abusing its dominant position in "provisioning of services for development and sale of residential units in Gurgaon.
 
Oriental Bank of Commerce has raised Rs5bn through bonds that are compliant with the global capital adequacy norms, Basel III. 
 
State-owned United Bank of India proposed a Rs10bn preferential issue to the government to meet its capital requirement and growth needs. 
 
Shoppers Stop is planning to invest Rs1.4bn for expansion of its stores and online sale infrastructure within next one year while Walmart is looking at opening 50 stores over next five years.

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