Check out the most important news stories, which captured the headlines at the corporate level in India and internationally.
MEP Infrastructure Developers Ltd in a joint venture (JV) with its Spanish partner has bagged contracts for Rs17.6bn under the hybrid annuity model from National Highways Authority of India (NHAI) and Ministry of Road Transport and Highways (MORTH).
According to reports, raids were conducted by the IT department in the office of the Ashoka Buildcon office in Nashik, Maharashtra, the house of its certain promoters and the Pimpalgaon-Baswant toll plaza run by the company.
Tata Motors launched the compact hatchback Tiago at Rs339,000 petrol (ex-showroom, Mumbai), while the diesel is priced at Rs4,18,000.
Punjab National Bank’s subsidiary PNB Housing Finance has raised Rs5bn by issuing bonds to World Bank arm International Finance Corporation (IFC) for funding its green residential projects.
Tata Steel gets forest panel nod for Odisha mining project.
Future Group completes all-cash transaction to buy online furniture retailer FabFurnish. The all-cash transaction will see Future Group bring its entire portfolio of home furnishings and decor business under the FabFurnish brand, making it the largest home furnishings and decor business in the country.
RPG Lifesciences announced that it has received GMP Certificate from Bavarian Authority, a competent authority in Germany.
Being Human Clothing, which was operating as a retail division of Mandhana Industries, has been demerged from the company to form Mandhana Retail Ventures (MRVL). MRVL will manufacture, retail and distribute the brand. Being Human was operating as a retail division of Mandhana Industries from 2012 to 2016.
Tata Motors is reducing the size of its diesel engines to skirt a temporary ban on the sale of large diesel-powered cars in New Delhi as the government seeks to reduce toxic smog in the capital city.
The Government cleared conversion of Bank of Baroda's Rs299.1mn loanto Andrew Yule & Co into equity shares, paving the way for disinvestment of the Kolkata-based PSU in the next three months.
Yes BankBSE inked a tripartite agreement for on-lending USD50mn loan from World Bank arm IFC to women entrepreneurs.
GSK Consumer Healthcare, the world's leading over-the-counter (OTC) healthcare and wellness products maker, is shifting its priority focus in India to power brands Sensodyne toothpaste and OTC drugs Crocin, Otrivin and Voltaren. This marks a shift, for the first time in over three decades, away from its mainstay Horlicks in the country. "We will invest in OTC brands disproportionately. Horlicks doesn't have the power to be globalised though it remains a core brand for India. But if India has to grow faster, we will have to dial our wellness (OTC) portfolio," Zubair Ahmed, head of GSK Consumer Healthcare for Asia-Pacific, Middle East and Africa.
Cipla has set its sights on building a pipeline of speciality drugs in the United States. The company, India's third-largest drugmaker, plans to deploy more funds for research and development in respiratory, dermatology, neurology and oncology segments and hopes for the first commercial launch in the US around 2020.
According to reports, raids were conducted by the IT department in the office of the Ashoka Buildcon office in Nashik, Maharashtra, the house of its certain promoters and the Pimpalgaon-Baswant toll plaza run by the company.
Tata Motors launched the compact hatchback Tiago at Rs339,000 petrol (ex-showroom, Mumbai), while the diesel is priced at Rs4,18,000.
Punjab National Bank’s subsidiary PNB Housing Finance has raised Rs5bn by issuing bonds to World Bank arm International Finance Corporation (IFC) for funding its green residential projects.
Tata Steel gets forest panel nod for Odisha mining project.
Future Group completes all-cash transaction to buy online furniture retailer FabFurnish. The all-cash transaction will see Future Group bring its entire portfolio of home furnishings and decor business under the FabFurnish brand, making it the largest home furnishings and decor business in the country.
RPG Lifesciences announced that it has received GMP Certificate from Bavarian Authority, a competent authority in Germany.
Being Human Clothing, which was operating as a retail division of Mandhana Industries, has been demerged from the company to form Mandhana Retail Ventures (MRVL). MRVL will manufacture, retail and distribute the brand. Being Human was operating as a retail division of Mandhana Industries from 2012 to 2016.
Tata Motors is reducing the size of its diesel engines to skirt a temporary ban on the sale of large diesel-powered cars in New Delhi as the government seeks to reduce toxic smog in the capital city.
The Government cleared conversion of Bank of Baroda's Rs299.1mn loanto Andrew Yule & Co into equity shares, paving the way for disinvestment of the Kolkata-based PSU in the next three months.
Yes BankBSE inked a tripartite agreement for on-lending USD50mn loan from World Bank arm IFC to women entrepreneurs.
GSK Consumer Healthcare, the world's leading over-the-counter (OTC) healthcare and wellness products maker, is shifting its priority focus in India to power brands Sensodyne toothpaste and OTC drugs Crocin, Otrivin and Voltaren. This marks a shift, for the first time in over three decades, away from its mainstay Horlicks in the country. "We will invest in OTC brands disproportionately. Horlicks doesn't have the power to be globalised though it remains a core brand for India. But if India has to grow faster, we will have to dial our wellness (OTC) portfolio," Zubair Ahmed, head of GSK Consumer Healthcare for Asia-Pacific, Middle East and Africa.
Cipla has set its sights on building a pipeline of speciality drugs in the United States. The company, India's third-largest drugmaker, plans to deploy more funds for research and development in respiratory, dermatology, neurology and oncology segments and hopes for the first commercial launch in the US around 2020.
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