Tuesday 2 June 2015

Top corporate news of the day - June 2, 2015

Aurobindo Pharma Limited has received final approvals from the US Food and Drug Administration to manufacture and market anti-infective Metronidazole tablets of 250 mg and 500 mg dosages. 

Newspaper
Aurobindo Pharma Limited has received final approvals from the US Food and Drug Administration to manufacture and market anti-infective Metronidazole tablets of 250 mg and 500 mg dosages.

Jet Airways announced a limited period offer of discount of up to 30% on base fares on its premier and economy-class tickets for travel beyond September 14.

BHEL said it has bagged a Rs. 3.7bn order for supply and installation of a power cycle piping (PCP) package for Barh project of NTPC.

Hindustan Construction Company said it has sold its entire 26% stake in Mumbai-based Vikhroli Corporate Park to Blackstone Purchase Entities for about Rs2bn.

Larsen & Toubro (L&T) said it has bagged orders worth Rs11bn across various business verticals last month. 

After failing to get private partners to develop four of its coal bed methane (CBM) blocks twice, Oil and Natural Gas Corporation has now decided to go ahead and explore these blocks on its own at an investment of Rs50bn. 

IDBI Bank has eased the restrictions on corporate lending after it improved performance on Priority Sector Lending (PSL) in 2014-15.

Thomas Cook India's subsidiary Quess Corp entered into a pact with Qatar-based Transfield Services (Qatar) WLL to acquire 49 % stake for an undisclosed amount. 

Indian Oil Corp has halved its term oil import deal with Kuwait to 100,000 barrels per day (bpd) as the refiner cuts its dependence on long-term purchases in favour of cheaper spot deals.

Sundaram Finance which is mainly into financing commercial vehicles (CVs) and cars is looking to scale up its presence in tractor and construction equipment segments.

Cairn India, which has suffered due to low oil prices, wants the government to allow it to export crude oil, quickly extend its contract for the Rajasthan block and increase the price of natural gas, its finance chief said.

Star India has teamed up with DFL Sports Enterprises, the sales entity of the DFL (German football league) to bring Bundesliga football to fans in India, Bangladesh, Bhutan, Nepal, Sri Lanka and Maldives exclusively. 

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