Monday 22 June 2015

Top corporate news of the day- June 22, 2015

Indiabulls Real Estate will seek shareholders' nod to raise a total of Rs. 5.38bn crore from promoters, including convertible warrants worth Rs. 2.9 bn. 

Corporate News
Indiabulls Real Estate will seek shareholders' nod to raise a total of Rs5.38bn crore from promoters, including convertible warrants worth Rs. 2.9bn.

Dish TV is looking to add up to 1.7 mn net subscribers this fiscal.

Dr Reddy's Laboratories Limited is working on 18 new drug applications, including the three NDAs it has already filed with the US Food and Drug Administration, and expects two more drugs to go for approvals before 2018.

Dhanuka Agritech aims to exceed Rs 20bn crore topline over next five years, fuelled by its new Rajasthan plant and latest specialized product launches.

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs180-200bn expansion of the Bina refinery in Madhya Pradesh on its own.

NTPC has put on back-burner its plan to set up a 1600 MW coal-based project at Gajmara in Odisha as it has enough projects in hand.

Coal India will hold pre-bid consultations with all interested bidders prior to issuance of a global tender for setting up a monitoring system for projects of more than Rs1.5bn, as the PSU eyes production of 1 bn tonne by 2019-20

Buoyed by robust response to new sports bike Pulsar RS200,Bajaj Auto is ramping up monthly production of the motorcycle model by over two-fold to 4,000 units in the next two months.

United Bank of India is mulling at shifting its treasury department to the financial capital of the country in order to stay closer to the market.

Tata Communications said it is evaluating to enhance branding activities in India and the US and may even include Singapore and Hong Kong depending on opportunities.

Intas Pharmaceuticals, a vertically integrated pharma company, today said it expects to launch its first biosimilar in the US within 9-12 months. 

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