Monday 14 September 2015

Top Corporate news of the day - September 14, 2015

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

Corporate News
JK Tyre has agreed to acquire a tyre manufacturing unit from BK Birla's Kesoram Industries for Rs22bn. 

Equity shares of the newly merged city gas distribution player, Gujarat Gas Limited, will be listed to dealings of exchanges from Tuesday. 

Cairn India's US$1.25bn loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.

Tata Motors introduced a special edition of its compact sedan Zest priced up to Rs0.7mn (ex-showroom Delhi) to mark the first anniversary of the launch of the model. 

Natco Pharma, which has filed a pre-grant opposition with the Indian Patent Office pulled itself out from the litigation after it has entered into a licensing agreement with Gilead.

Tata Teleservices has become first company to commercially deploy indigenously developed energy monitoring technology by Telecom Center of Excellence at 500 mobile towers.

Mahindra & Mahindra Ltd has launched their much-awaited compact SUV - TUV300 and also confirmed that they will be launching their first-ever in-house developed petrol engine with the upcoming S101, it will be a 1.2L unit.

Indiabulls Housing Finance Ltd said it has raised Rs40bn by allotting over 56.9 mn shares to qualified institutional buyers.

The Securities and Appellate Tribunal on Friday directed the market regulator to fast track the delisting case of Astrazeneca, which is pending with Securities and Exchange Board of India for the past year and a half.

Maruti Suzuki has unveiled a limited edition of WagonR for 3 months called the WagonR Avance at Rs0.42mn, ex-showroom.

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