Pfizer: Pfizer Inc, beating out numerous other bidders, said it would buy U.S. cancer drug company Medivation Inc for $14 billion in cash, adding its blockbuster prostate cancer drug Xtandi to the company's growing oncology roster.
Tata Power: Tata Power will announce its Q1 numbers today.
Birla Corporation, Reliance Infrastructure: Birla Corporation said it has completed acquisition of Anil Ambani's cement business, a wholly-owned arm of flagship Reliance Infrastructure, for an enterprise valuation of about Rs.4,800 crore.
Tata Power: Tata Power will announce its Q1 numbers today.
Birla Corporation, Reliance Infrastructure: Birla Corporation said it has completed acquisition of Anil Ambani's cement business, a wholly-owned arm of flagship Reliance Infrastructure, for an enterprise valuation of about Rs.4,800 crore.
Future Enterprises: Future Group is in early discussions with Aditya Birla Retail to buy or merge the latter's More supermarket business to consolidate its leadership in the brick-and-mortar retail sector and to build a large network of stores that could be leveraged in alliance with ecommerce companies for multi-channel sale of food and groceries, as per media report.
Hindustan Petroleum Corporation Ltd: The company has posted a net profit of Rs.2,098 crore for the quarter ended June 30, 2016 as compared to Rs.1614.1 crore for the quarter ended June 30, 2015.
Shree Renuka Sugars: Shree Renuka Sugars has posted a net profit of Rs.3.2 crore for the quarter ended June 30, 2016 as compared to net loss of Rs.150.2 crore for the quarter ended June 30, 2015.
NTPC: NTPC Ltd has posted a net profit of Rs.2369.5 crore for the quarter ended June 30, 2016 as compared to Rs.2276.5 crore for the quarter ended June 30, 2015. The company has sought shareholders’ approval to raise up to Rs.15,000 crore through issuance of debentures/bonds on a private placement basis.
IGL: Indraprastha Gas reported a 44 per cent jump in its June quarter net profit on rise in gas sales and lower interest cost.
SpiceJet: SpiceJet will start flights to Silchar and Aizawl from October as the budget airline looks to boost air connectivity in the North East region.
Tata Motors: PT Tata Motors Distribusi Indonesia (TMDI), a Tata Motors’ unit, has launched two new-generation commercial vehicles in Indonesia - Tata ULTRA 1012 light truck and Tata Xenon XT D-Cab 4x4 pick-up - at the Gaikindo Indonesia International Auto Show (GIIAS) 2016.
RIL: Reliance Industries has sought quashing of an FIR against it on alleged irregularities in raising the price of gas from KG 6 basin, telling Delhi High Court that the AAP government was "never entitled" to lodge an FIR against it, as per media report.
Lupin: Lupin has received approval from the Central Drugs Standard Control Organisation (CDSCO) for Acotiamide 100mg tablets used for treatment of indigestion.
Leelaventures: The company said it is seeking shareholders' nod to sell properties in Chennai and Delhi to pay off debt.
Jindal Steel and Power Ltd: JSPL said it has secured long-term coal linkage of 1.18 million tonnes per annum (MTPA) for power plants in Chhattisgarh.
Nestle India: Nestle India’s instant noodle brand Maggi, whose sales were severely hit by a Food Safety and Standards Authority of India ban last year, has regained its leadership position capturing 57% share of the market in June this year.
Aurobindo Pharma: Aurobindo Pharma will announce its Q1 numbers today.
GAIL (India): GAIL and Silicon Valley-based Bloom Energy announced a new partnership to transform India’s energy future through the use of innovative technology and signed a MoU to deploy revolutionary natural gas-based fuel cell technology to generate electricity.
MEP Infra: The company has received the Letter of Acceptance from National Highways Authority of India.
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