Check out the latest corporate news of the day.
Glenmark Pharmaceuticals has received final approval from the US health regulator USFDA for triamcinolone acetonide ointment, used in treatment of various skin conditions.
Government has kick started the process to sell 15% stake in NBCC and has invited merchant bankers to manage the share sale.
Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GPSC) stake in the under-construction Rs45bn Mundra LNG import terminal in Gujarat.
Coal India (CIL) will not revise its share buyback offer price of Rs335/share even if the stock crosses the offered price at the bourses. This would mean the government, its majority shareholder, will earn the entire Rs36.50bn earmarked for the offer.
Hindustan Unilever (HUL) plans to launch a range of baby care products under its Dove brand in the next few months to challenge the dominance of Johnson & Johnson in the Rs40bn market.
The Reserve Bank of India has imposed a penalty of Rs50mn on Bank of Baroda in the alleged Rs60bn forex related irregularities that came to light in October last year.
Bank of Baroda (BoB) has cut an unusual property deal with Kohinoor Mills, which owns a prized property in Mumbai.
Ahluwalia Contracts (India) has bagged orders worth Rs4.73bn for construction of institutional and residential buildings.
GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices.
Thomas Cook (India) has entered into a partnership with Matrimony Bazaar to tap the 'romantic leisure travel' segment which is seeing an "exponential" growth.
SWIFT said ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally.
IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation Limited for Rs5.33bn for Nagpur metro rail project
Government has kick started the process to sell 15% stake in NBCC and has invited merchant bankers to manage the share sale.
Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GPSC) stake in the under-construction Rs45bn Mundra LNG import terminal in Gujarat.
Coal India (CIL) will not revise its share buyback offer price of Rs335/share even if the stock crosses the offered price at the bourses. This would mean the government, its majority shareholder, will earn the entire Rs36.50bn earmarked for the offer.
Hindustan Unilever (HUL) plans to launch a range of baby care products under its Dove brand in the next few months to challenge the dominance of Johnson & Johnson in the Rs40bn market.
The Reserve Bank of India has imposed a penalty of Rs50mn on Bank of Baroda in the alleged Rs60bn forex related irregularities that came to light in October last year.
Bank of Baroda (BoB) has cut an unusual property deal with Kohinoor Mills, which owns a prized property in Mumbai.
Ahluwalia Contracts (India) has bagged orders worth Rs4.73bn for construction of institutional and residential buildings.
GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices.
Thomas Cook (India) has entered into a partnership with Matrimony Bazaar to tap the 'romantic leisure travel' segment which is seeing an "exponential" growth.
SWIFT said ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally.
IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation Limited for Rs5.33bn for Nagpur metro rail project
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