Bank of India, IL&FS Transport, Lupin, Cipla,
Bank of India: The bank cuts MCLR by 5 bps in some tenors effective today
IL&FS: IL&FS Transport JV emerged as the lowest bidder for Chennai metro contract.
DLF: DLF loses case in Punjab and Haryana High Court to Residents Welfare Association (RWA) of Park Place project in Gurgaon.
Vedanta Zinc: A contract to establish and mine the
Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by
Black Mountain Mining, a Vedanta Zinc International operation.
Adani Enterprises: The company has incorporated a wholly-owned subsidiary namely "Adani Cementation Ltd" (ACL) on December 06, 2016.
Tata Power issues notice ahead of EGM to remove Cyrus Mistry.
JM Financial's subsidiary has completed acquisition of 24.5% stake in India Home Loan (IHL) on a preferential allotment basis.
Sudan is holding up extension to ONGC Videsh's licence
over an oil field as the government seeks higher royalties, tax and
profit petroleum even as it delays paying nearly $ 300 mn in oil dues.
Advent International and KKR & Co have made offers
to buy the industrial valves unit of Larsen and Toubro (L&T) in a
deal estimated at between $ 400 mn and $ 500 mn (roughly around Rs 30
bn).
Cipla’s plan of developing a pump-delivered inhalable
form of insulin has suffered a setback with an expert committee denying
it permission to conduct trials on Indian patients. The panel has said
the company’s preliminary data on safety and efficacy of the trial drug
is insufficient.
Petronet LNG Ltd is set to foray into retail sales of liquefied natural gas (LNG) through fuel outlets across the country.
Lupin has received tentative approval for its generic
version of Diclofenac capsules, used in pain management of
osteoarthritis, from US health regulator USFDA.
Inox Wind has bagged 50MW wind power project order from SJVN Ltd in Gujarat.
Future Consumer Ltd has entered into a pact with LT Foods Ltd and Genoa Rice Mills Private Ltd for sourcing, marketing and distribution of rice.
Future Retail had registered net profit of Rs 73.63 crore this quarter.
NBCC bags business worth Rs 24,694.23 crore which
includes re-development work of 3 GPRA colonies at Sarojini Nagar,
Nauroji nagar and Netaji Nagar valued at Rs 24,682 crore based on the
MoU signed with the Ministry of Urban Development.
Torrent Power renews agreement for 10 years to distribute power in Bhiwandi Circle in Mumbai.
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