Check out the most important news stories, which captured the headlines at the corporate level in India and internationally.
JSW Energy announced its plans to acquire Jindal Steel & Power's (JSPL) Chhattisgarh power plant for Rs65bn. JSPL has been looking to sell its assets as part of monetisation plans to generate cash flows.
Repco Home Finance (RHFL) plans to raise Rs2.68bn (around USD40 mn) from International Finance Corporation.
GlaxoSmithKline Consumer Healthcare has become the latest to foray into the whitening toothpaste segment with the launch of Sensodyne Whitening.
PTC India Ltd has emerged as the most successful bidder in the ‘Discovery of Efficient Electricity Price (DEEP)’ e-bidding for short-term power procurement by electricity distribution utilities held last week.
Marico cuts Parachute price in drought-hit markets.
Axis Bank, which is increasing its focus on retail customers after corporate loan book became a drag due to bad loans, is accelerating its growth in high-yielding pre-paid forex cards where it has about half the market from nowhere a few years ago.
SITI Cable in talks to acquire DEN Network; deal pegged at Rs20bn.
The Government of Bangladesh granted in-principle approval for the first phase of Reliance Power's gas based power project of 750MW. This is the largest foreign direct investment in Bangladesh with a potential investment of over USD1.3bn.
NTPC Ltd had commissioned 200MW out of 250MW of Stage-I Ananthapuramu Ultra Mega Solar Power Project on April 30.
International Centre for Genetic Engineering and Biotechnology (ICGEB) has entered into an agreement with Sun Pharma to develop, test and market a novel botanical drug to treat dengue.
L&T Limited, the concessionaire of the Rs160bn Hyderabad Metro Rail, indicated that project was likely to be completed in December 2018, much beyond the five-year deadline that expires in July 2017.
Symphony Ltd is all set to launch the world's first wall-mounted air cooler under the brand name 'Cloud' for which the company has already applied for a global patent.
Indiabulls Real Estate (IBREL) said the company now has a majority stake of 51.18% in Singapore-listed business trust IPIT after acquisition of 27.7mn shares by its subsidiary.
Canara Bank has revised the lending rates based on the marginal cost of funds (MCLR) for May to 8.80-9.35%.
Sun Pharmaceutical Industries said that two pivotal phase-3 clinical trials for plaque psoriasis drug have shown positive results.
NTPC has asked BSES Rajdhani and BSES Yamuna – to clear Rs13bn of dues by midnight May 9 or face a cut in power supply.
Repco Home Finance (RHFL) plans to raise Rs2.68bn (around USD40 mn) from International Finance Corporation.
GlaxoSmithKline Consumer Healthcare has become the latest to foray into the whitening toothpaste segment with the launch of Sensodyne Whitening.
PTC India Ltd has emerged as the most successful bidder in the ‘Discovery of Efficient Electricity Price (DEEP)’ e-bidding for short-term power procurement by electricity distribution utilities held last week.
Marico cuts Parachute price in drought-hit markets.
Axis Bank, which is increasing its focus on retail customers after corporate loan book became a drag due to bad loans, is accelerating its growth in high-yielding pre-paid forex cards where it has about half the market from nowhere a few years ago.
SITI Cable in talks to acquire DEN Network; deal pegged at Rs20bn.
The Government of Bangladesh granted in-principle approval for the first phase of Reliance Power's gas based power project of 750MW. This is the largest foreign direct investment in Bangladesh with a potential investment of over USD1.3bn.
NTPC Ltd had commissioned 200MW out of 250MW of Stage-I Ananthapuramu Ultra Mega Solar Power Project on April 30.
International Centre for Genetic Engineering and Biotechnology (ICGEB) has entered into an agreement with Sun Pharma to develop, test and market a novel botanical drug to treat dengue.
L&T Limited, the concessionaire of the Rs160bn Hyderabad Metro Rail, indicated that project was likely to be completed in December 2018, much beyond the five-year deadline that expires in July 2017.
Symphony Ltd is all set to launch the world's first wall-mounted air cooler under the brand name 'Cloud' for which the company has already applied for a global patent.
Indiabulls Real Estate (IBREL) said the company now has a majority stake of 51.18% in Singapore-listed business trust IPIT after acquisition of 27.7mn shares by its subsidiary.
Canara Bank has revised the lending rates based on the marginal cost of funds (MCLR) for May to 8.80-9.35%.
Sun Pharmaceutical Industries said that two pivotal phase-3 clinical trials for plaque psoriasis drug have shown positive results.
NTPC has asked BSES Rajdhani and BSES Yamuna – to clear Rs13bn of dues by midnight May 9 or face a cut in power supply.
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