Wednesday 27 April 2016

Bharat Forge bags order from Boeing and other Top Corporate News

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

Businesswoman reading newspaper
In the first disinvestment of current fiscal, the government will sell 11.36% equity shares in NHPC Ltd at Rs21.75 a piece to raise about Rs27bn.

The board of directors of Bharti Infratel Ltd approved a share buyback for Rs20bn.

Bharat Forge said that aircraft maker Boeing has awarded a contract to the firm for supply of titanium forgings for Boeing 777X.

Glenmark Pharmaceuticals has received tentative nod from the US health regulator for generic version of oral contraceptive tablets Lo Loestrin Fe.

As many as 701 accounts with bad loans exceeding Rs1bn owed public sector banks (PSBs) Rs1.63tn at the end of December, with State Bank of India accounting for the biggest chunk. 

DCB Bank reduced both base rate and the marginal cost of funds-based lending rate (MCLR), a move which will lower EMIs for its borrowers. 

Pidilite Industries, has approved execution of definitive agreements with Industria Chimica Adriatica Spa (ICA), a wood finish manufacturer based in Italy. 

Aurobindo Pharma has received final approval from the US health regulator to manufacture and market generic version of blood pressure treatment drugs Amlodipine and Valsartan tablets. 

Linde India Ltd has commissioned its second air separator unit at Kalinganagar in Odisha. Linde, under a long-term gas supply contract with Tata Steel Ltd at Kalinagar plant, has set up two air separation units with the total capacity of 2,400t a day. 

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