Thursday 23 July 2015

Top corporate news of the day- July 23, 2015

Glenmark Pharmceuticals launched its “low-cost anti-diabetic” drug to treat Type 2 diabetes, which it claims will be sold at half the price of similar molecule of competitors.

Corporate News
Glenmark Pharmceuticals launched its “low-cost anti-diabetic” drug to treat Type 2 diabetes, which it claims will be sold at half the price of similar molecule of competitors.

Adani Ports has launched its debut dollar bond to raise upto US$1.5bn.

Heritage Foods Limited is looking for a potential joint venture with a leading European company to collaborate on value added dairy products for domestic as well as overseas market. 

JSW Energy, part of the JSW Group has tweaked its growth strategy. The company will not pursue investments in green field projects but go in for the acquisition of stressed power projects. 

Isuzu Motors
 India launched the automatic variant of its sports utility vehicle MU-7 priced at Rs 23.9 lakh (ex-showroom, Delhi). 

GVK Power & Infrastructure Ltd will seek shareholders nod for an enabling resolution to facilitate the company raise up to Rs10bn, with a Greenshoe option to retain higher subscription of about Rs5bn. 

Apollo Tyres has launched a new tyre in Indian market that promises to run up to 1 lakh kms and beyond. Jointly developed at global R&D centres in Chennai and Netherlands, the tyre Amazer 4G Life is targetted at the mileage conscious customers. 

In order to strengthen its motorcycle business in international markets, Eicher Motors MD & CEO Siddhartha Lal has decided to relocate to the UK for a year, starting next month.

Cyient Limited announced the acquisition of Global Services Engineering Asia, based in Singapore, from Pratt & Whitney Services Pte Limited. This site provides repairs, development and validation for aero gas turbine engine components in support of Pratt & Whitney throughout the region.

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