Glenmark Pharma receives ANDA approval and other corporate news

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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

Motherson Sumi arm to raise USD300mn through issue of notes and other corporate news

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The US Consumer Product Safety Commission (US CPSC) has approached the US Dept of Justice seeking action against Dr Reddy’s Labs in a 5-year-old case involving packaging for five blister-packed prescription products. 

TVS Motor launched a special edition of its scooter model Jupiter priced at Rs53,034 (ex-showroom Delhi) to mark the crossing of 1mn units sales milestone.

Granules Pharmaceuticals Inc. (GPI), subsidiary of Granules India, has acquired exclusive rights from USpharma Windlas, LLC to market and distribute four products in the USA. 

Motherson Sumi Systems’s subsidiary Samvardhana Motherson Automotive Systems Group will raise USD300mn through issue of notes due in December 2021 to repay debt and general corporate purposes. 

NTPC has agreed to finance the cost of doubling of the 134km section and has deposited ₹9.46bn with the South Western Railway. The section consists of 10 block stations, 8 major bridges and 2 important bridges. 

Tata Communications said its white label automated teller machines (ATM) arm has put 8,000 units across 4,600 towns of 20 states in the country till now. 

Cyient launched a new global design centre in Bengaluru for SMEC, an Australian professional services company for providing high-level consultancy services on major infrastructure projects.

Tata Motors launched its next-generation 'Ultra' range of light commercial vehicle (LCV) in Kenya. 

GVK Power & Infrastructure has sought shareholders approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs150bn. (ET)

Shoppers Stop will exclusively retail Cross and Police-branded leather accessories across all lifestyle stores.

Bharti Infratel is in talks to acquire Tower Vision India, a company owned by a group of international financial investors. 

Bajaj Finance has tied up with retailers and brands for loans tailor made for buyers of clothes, shoes, watches, eyewear and fashion accessories, making it the first such scheme to be rolled out in India. 

Bharti Airtel's wholly-owned data centre unit, Nxtra Data Ltd., signed a pact with a US firm CenturyLink to provide managed hosting, IT Infrastructure, IT services and cloud services to enterprises and government organisations in India to increase customer base.

Reliance Communications fared the worse in call drop rate test conducted by the Telecom Regulatory Authority of India (Trai) in Hyderabad. 

BHEL commissions 500 MW Thermal Power plant and other Top Corporate News

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The Centre's green panel has given its nod to Reliance Industries for carrying out eight additional exploratory well drilling to ascertain reservoir capacity and commercial viability of hydrocarbons in the block CY-III-D5 in Bay of Bengal off the coast of Tamil Nadu.

Raymond Ltd is in talks with overseas private equity (PE) funds KKR and Blackstone to sell a 20% stake in its branded apparel business to fund its expansion, reports a business daily.

Mother Dairy is aiming to surpass INR 10,000 crore turnover milestone in the next three years on rising demand for dairy products,  as well as fresh processed fruits & vegetables, reports a business daily.

SRF Ltd is planning to invest INR 3,500 crore over the next four years, 70% of which would go into its fast-growing chemicals business, to cater to rising global demand, MD Ashish Bharat Ram has been quoted as saying.

Coal India would tentatively offer over 79 mn tonnes of coal for e-auction for power producers and also for non-power sector consumers in the August to March period of the current fiscal. 

The Delhi government will soon issue fresh directions to the NTPC-run Badarpur thermal power plant to come up with an action plan for disposing of flyash, a major source of air pollution in summer. 

SAIL will spend around Rs60bn this fiscal on various modernisation and expansion programmes as well as on research and development (R&D) initiatives. 

Bharat Heavy Electricals said that it has commissioned a 660 Mw supercritical thermal unit in Maharashtra.

The government has declined Reliance Power's request to let it mortgage coal blocks attached to Sasan Ultra Mega Power Project (UMPP) in Madhya Pradesh to lenders of the plant that include banks from the US, China and Singapore.

Coal India’s consultancy arm CMPDI has invited applications from global firms for providing consultancy on formulating bid documents with regard to development of underground coal gasification projects.

Aditya Birla Fashion and Retail Ltd said it has signed an exclusive deal to bring London-based designer brand Simon Carter to India.

ITC resumes cigarette production & other Top Corporate News

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Eicher Motors, the maker of Bullet motorcycle has announced plan to invest Rs 10bn in FY-17 to fund its expansion plans.

BSNL Ltd is in advanced talks with Reliance Jio and Vodafone for signing a 2G roaming agreement this month.

Buoyed by sale of over 100,000 vehicles equipped with auto gear shift, Maruti Suzuki plans to offer this technologies in more models sold in the domestic market. 

Lakshmi Vilas Bank new chief executive has drawn up an ambitious 10-year plan to revitalise business and has set up big targets to improve performance on a variety of operational parameters. 

Godrej Properties is aiming to launch 15 new projects, including one in Noida, and sell its completed commercial assets worth Rs 15bn during this fiscal as the realty firm seeks to achieve higher growth. 

ITC Ltd cigarette factories have resumed production in a phased manner with the specified 85% graphical warning pending hearing by the Karnataka High Court.

Kalyan Jewellers is aiming for a turnover of INR 13,000 crore in the current fiscal year, reports a business daily.

Emami is aggressively looking at acquisitions in India and abroad, Chief Financial Officer N.H. Bhansali has been quoted as saying by a business daily.

HSBC's brokerage arm has slashed the paper valuation of restaurant-discovery platform Zomato, reports a business daily. Zomato Media Pvt Ltd has been valued at ~US$500 million by HSBC Securities & Capital Markets (India) Pvt Ltd, about half the valuation at which the restaurant search firm raised its last round of funding in September, says the daily.

The state-run Steel Authority of India Limited (SAIL) would curtail the strength of its workforce in a move aimed to reduce the manpower cost in the company.

Public lender Bank of Baroda and Max Bupa, a specialist health insurer, today put in place a bancassurance corporate agency agreement. 

PVP Ventures Ltd has said that it has amended a Joint Development Agreement (JDA) with North Town Estates Pvt Ltd under which the latter will release 20 acres of undeveloped land in Chennai to PVP Ventures. 

Repco Home Finance plans to raise $40 mn from IFC and other Top Corporate News

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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. 

Bharat Forge bags order from Boeing and other Top Corporate News

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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. 

Sun Pharma receives USFDA approval for BromSite and other Top Corporate News of the day

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Tata Motors made commercial launch of its new hatchback Tiago in Bihar. The new fuel efficient vehicle would be available at a starting price of Rs 0.33mn (exshowroom) for Revotron 1.2 litre (petrol) and Rs 0.41mn (ex-showroom) in Patna for Revotorq 1.05L (diesel) variant.

Bajaj Auto and its Austrian partner KTM AG are extending their partnership to Indonesia for selling Duke and RC brands of motorcycles of up to 400cc.

As the employee unions oppose stake sale in IDBI Bank, the Government said it is consulting all stakeholders as part of "transformation" of the state-owned lender.

Federal Bank tied up with Phillip Capital (India), a subsidiary of the Singapore headquartered Phillip Capital group, for managing the NRI Portfolio Investment Scheme.

ITC said it has adequate cigarette stocks available in the market despite shutting all its manufacturing in the wake of the government rule that requires larger pictorial warnings on packets.

Cairn India has full indemnity from its former promoter Cairn Energy of UK against levy of any tax for past deeds, including the two-year old Rs 204.95bn retrospective tax demand, its new owner Anil Agarwal has said.

Tata Power said its Singapore-based arm TPIPL has signed an agreement with KS Orka Renewables Pte for sale of its 50 per cent stake in OTP Geothermal Pte (OTP) for USD 30 million.

Sun Pharmaceutical Industries has received approval from the US health regulator for its non-steroid drug BromSite used to treat inflammation and prevent pain in patients undergoing cataract surgery. 

Tata Motors launches Tiago hatchback and other Top Corporate News of the day

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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. 

Aurobindo Pharma gets ANDA approval and other Top Corporate News of the day

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Cadila Healthcare said that it has received the final approval from the US drug regulator to market an anti-viral drug Acyclovir capsules (200 mg).

Ashok Leyland has won orders valued at Rs8bn from the Indian armed forces. The company will supply Field artillery tractor, super stallion vehicles and ambulance. 

Lupin has received a total of three observations relating to violationof production norms at manufacturing facilities at Mandideep, Madhya Pradesh from the US Food and Drug Administration.

Reliance Defence Ltd, a 100% subsidiary of Reliance Infrastructure Ltd, and Rafael Advanced Defence Systems Ltd have decided to set up a joint venture (JV) company in India in the areas of air-to-air missiles, air defence systems and large aerostats.

Sadbhav Infrastructure Project has been awarded "L1" status for road projects from National Highways Authority of India. The first is the four laning and design chainage of Rampur-Kathgodam section of NH-87 in the State of Uttar Pradesh under NHDP-III on hybrid annuity mode. 

Aurobindo Pharma Limited has received final approval from the US Food and Drug Administration to manufacture and market rivastigmine tartrate capsules USP in 1.5 mg, 3 mg, 4.5 mg and 6 mg strengths.

Bank of India said the government has approved a capital infusion of Rs11.5bn in lieu of preferential allotment of shares.

Adani Ports and special economic zone said it has raised Rs5bn through issue of debentures on private placement basis. 

GlaxoSmithKline Pharmaceuticals Ltd is looking at launching two or three combination vaccines in India in the near future, to address a host of paediatric disease.

Alembic Pharmaceuticals, is likely to receive some minor observations (as a Form 483) from the US drug regulator for its Panelav facility. 

Royal Enfield launches Himalayan and other Top Corporate News

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Rosneft has signed a series of documents on selling stakes in Russian oil fields to Indian firms. Under the agreements, ONGC will increase its stake in Rosneft's Vankor project to 26% while Oil India, Indian Oil and Bharat Petroresources will buy up to 23.9% between them in the same field, if the deals are finalized.

Union Coal Ministry has granted permission to Sasan Power Limited, wholly-owned subsidiary of Reliance Power, to produce coal up to 17.20mtpa from 16mtpa earlier from its Moher & Moher Amlohri extension coal mines during FY16.

Idea Cellular launched 4G services across 28 towns in its leadership market of Maharashtra & Goa, expanding its high-speed mobile broadband LTE coverage to 10 circles. At present, Idea's 4G foot-print encompasses over 300 towns, and the company plans to target over 750 by June.

Reliance Infrastructure Ltd announced the demerger of certain power generation and supply businesses in Mumbai, Goa and Andhra Pradesh into a subsidiary for a consideration of Rs63bn.

Royal Enfield commercially launched the Himalayan bike at Rs155,545 (ex-showroom, Mumbai). The Himalayan, designed to ride on rugged terrain, would be the most affordable bike in its class. 

Tata Motors will supply 25 hybrid electric busses to the Mumbai Metropolitan Region Development Authority. The contract to supply Tata Starbus Diesel Series Hybrid Electric Bus with full low floor configuration is the single largest order awarded for hybrid electric vehicle technology.

Cipla has made an additional investment of $3 million in US-based Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer's disease. In May 2014, Cipla had invested $1.5 million to acquire 14.6% stake in Chase Pharmaceuticals.

TVS Motors has entered a pact with online marketplace Snapdeal to retail its products. Nine two-wheeler products from TVS Motor Company will be available on snapdeal.com.

VST Tillers Tractors Ltd has announced that it has signed MoU with Karnataka Government.

Den Networks is planning to sell 50% stake in Star Den for Rs.40.3 Crore, as per media report.
  

Persistent Systems acquires PRM Cloud and other Top Corporate News

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US FDA issued negative observations regarding Lupin’s Goa facility. Management later confirmed that in the inspection which took place last week, the US FDA had cited nine observations all relating to inadequacy and adherence to standard operating procedures.

The Income Tax Department has slapped on UK's Cairn Energy Plc, a tax demand notice of over Rs290bn, including Rs188bn in back dated interest. Cairn allegedly made capital gains in a 2006 reorganization of its India business.

Persistent Systems acquired Australia-based PRM Cloud Solutions, a certified Salesforce consulting partner. The company did not disclose the valuation of the deal. PRM is among Australia's leading Salesforce partners and cloud application development firms, focused on building digital experiences on Salesforce1 cloud platform.

Aurobindo Pharma has received final approval from USFDA to manufacture and market Ibandronate Sodium Tablets, 150 mg. This product is expected to be launched in the 1QFY17. Ibandronate Sodium tablets are used in the treatment and prevention of osteoporosis in postmenopausal women.

Larsen & Toubro said its construction arm has bagged orders worth Rs 16.7bn across various business verticals, including residential construction and power and distribution.

Delhi High Court granted Pfizer an interim injunction on a ban on its popular cough syrup Corex, days after the government ordered it to be prohibited. It also granted interim injunction to Abbott's India unit, Glenmark Pharmaceuticals and Macleods Pharmaceuticals.

Procter and Gamble has discontinued manufacture and sale of its popular brand ‘Vicks Action 500 Extra’ with immediate effect after the government banned fixed dose combination drugs.

Zee Entertainment Enterprises will fully acquire aviation firm Fly By Wire for a total consideration of Rs613mn in an all-cash deal. Fly By Wire International provides aircraft charter services. 

Aditya Birla Nuvo Ltd, which won a license last year to set up a non-lending bank in India, will start its digital wallet services by the end of 2016 as it prepares to tap one of the world’s fastest growing smartphone markets.

Wipro Limited has entered into a strategic partnership with Schneider Electric, a global specialist in energy management and automated systems, to develop convergent solutions for India's Smart Cities.

Drug major Lupin said it has received nine observations relating to inadequacy and adherence to operating norms for its manufacturing plant in Goa from the US Food and Drug Administration (USFDA). 

Blue Star Limited, has announced the launch of a stylish range of airconditioners comprising a wide array of highly energy-efficient as well as eco-friendly split airconditioners for the residential and commercial segments.

Alphageo India has announced that it has bagged order worth Rs.102 crore from Oil India.

Acceding to a few demands of the striking workers of the Nano Plant at Sanand, Tata Motors is permitting them to form a union, but with a condition that only Tata's employees will be a part of them.

Global Vectra Helicorp has inked a Memorandum of Understanding (MoU) with Era Group Inc. (Era) to jointly develop Helicopter Emergency Medical Services (HEMS) for the Indian market.

Colgate-Palmolive Company announced that C. Martin Harris, Chief Information Officer and Chairman of the Information Technology Division of The Cleveland Clinic Foundation, has been elected to Colgate's Board of Directors 

Strides Shasun gets CCI nod & other Top Corporate News

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Engineers India Ltd is likely to join three oil marketing companies IOCL, BPCL and HPCL- to set up a mega refinery cum petrochemical complex on the western coast.

Strides Shasun got competition watchdog CCI's approval to acquire seven brands from consumer healthcare firm Johnson and Johnson. 

Zensar Tech reported consolidated net profit for Q3 is registered at Rs 71.5 crore vs Rs 91.3 crore QoQ, down by 21.4% while the consolidated Total Income was posted at Rs 762 crore vs Rs 758.6 crore QoQ.

IDFC Bank is in advanced talks to acquire Royal Bank of Scotland's (RBS) corporate banking portfolio in a deal worth up to INR 3,000 crore, reports a business daily.

Century Plyboards acquired 51% stake in a Singapore-registered trading company for Rs. 1.07 crore. 

SBI informed Alok Industries that as decided by the Joint Lenders' Forum, Strategic Debt Restructuring has been invoked on the Company with the reference date being November 27, 2015. Further, at its meeting held on January 16, 2016, it has been further decided that the JLF will acquire up to 65% stake in the company by converting its debt into equity.

Ashok Leyland's electric vehicles (EV) arm Optare has taken up a project to increase the range of its MetroCity and Solo buses to 200 miles without intrusion into passenger space, as per media reports.

Atlanta has secured letter of award for four laning of end of Moran Bypass to Bogibeel Junction of NH-37 in the State of Assam under SARDP-NE Package (II).

Looking to add $1bn in revenues from inorganic growth to reach its target turnover of $5bn by 2018, Lupin says it is open to late stage specialty assets. 

ITC's instant noodles brand Yippee is inching closer to become a Rs 10bn brand, making the most out of the controversy that hit rival Nestle's Maggi.

The Supreme Court restrained the government from going ahead with any further disinvestment of its stake in Hindustan Zinc Ltd, the management of which is under the control of a Vedanta subsidiary. 

Indian Oil Corporation aims to operate its largest grassroot refinery at Paradip at the full 15MTPA capacity from next fiscal, a top company official said.

Godrej Properties said that it has entered into a joint development agreement with Pratap Sarnaik’s Vihang Group to develop 15 acres of land off Ghodbunder Road in Thane. 
State Bank of Mysore has raised Rs 2bn by issuing Basel-III compliant bonds. 

Precision Camshafts fixed the price band between Rs 180-186 per share for its initial public offer (IPO) which will hit the capital market on January 27.