LiveLIC board has given approval to buy majority stake in IDBI Bank
Life Insurance Corporation of India’s (LIC) board has given approval to acquire a majority stake in IDBI Bank, mostly through a preferential allotment of shares. LIC will be...
Category : Latest News
WPI inflation for June comes in at 5.77%
India’s wholesale inflation for June, 2018 grew to 5.77%, which is at a four-and-half year high. WPI was 4.43% in May and 0.90% in June 2017. Primary...
Lupin receives approval for its Goa facility, from UK MHRA
Lupin has received approval from the UK health regulator its Goa facility. In a regulatory filing the company stated that, it has received approval from UK MHRA...
Suven Life bags product patents in Europe, South Korea
Suven Life Sciences has secured 1 product patent from Europe and South Korea each, corresponding to the new chemical entities for the treatment of disorders associated...
Just Dial to consider share buyback on July 20
Just Dial will consider buyback of its equity shares on July 20. The company’s meeting of the board of directors is scheduled to be held...
US court restricts Dr Reddy from selling opioid dependence drug
The New Jersey District Court has converted a temporary injuction into a preliminary injuction against Dr Reddy, on sale of a generic version of Indivior’s prescription...
Aurobindo Pharma to acquire Apotex operations in 5 European countries
Aurobindo Pharma has signed definitive agreement to acquire from Apotex International Inc, its commercial operations and certain supporting infrastructure in five European countries, for 74 million euros....
Infosys Q1 profit increases 4% YoY to Rs.3,612 crore
Infosys has reported 3.70% YoY increase in profit at Rs.3,612 crore, for the quarter ended June 30,2018. Revenue for the quarter came in at Rs.19,128...
NTPC inks pact for Rs.1,500 crore term loan with HDFC Bank
NTPC has signed a term loan agreement for a loan of Rs.1,500 crore, with HDFC Bank. The 15-year loan will bear an interest rate linked to...
Reliance Mutual Fund seeks SEBI approval for FoF schemes
Reliance Mutual Fund has seeked approval from the Securities and Exchange Board of India’s (SEBI), to launch Reliance Junior BeES fund of funds (FoF) schemes. Its an open-ended fund of...