LiveSBI to raise Rs.8,000 cr capital through AT1 bonds till March 2018
State Bank of India (SBI) proposes to raise capital worth Rs.8,000 crore via additional tier-I bonds (AT1 bonds) by March 2018. The board of directors has...
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Mercedes-Benz to launch new Maybach S 650
Mercedes-Benz will be launching its Maybach S 650 and also showcase Concept EQ, at the auto expo to be held in February 2018. The company...
L&T’s construction arm bags job order worth Rs.1,600 crore
Larsen & Toubro’s (L&T) construction arm has received an order in the international market worth Rs.1,600 crore. In a BSE filing, Larsen & Toubro stated...
Dr Reddy’s receives USFDA approval for Sapropterin Dihydrochloride
Dr Reddy’s Laboratories has received approval from the US health regulator for drug that reduces blood phenylalanine concentrations in patients. It has received tentative approval from...
Government lowers small savings schemes interest rates by 20 bps
The government has lowered interest rates on small saving schemes, including NSC and PPF by 0.2% point for the Jan-March period from the rates applicable...
Kolte-Patil Developers to raise Rs.193 crore from KKR
KKR which is a global investment firm will invest Rs.193 crore in Kolte Patil Developer’s township at Pune. The company in a press release stated,...
Moody’s lowers OIL’s baseline credit rating
Moody’s Investors Service has lowered Oil India Limited’s (OIL’s) baseline credit assessment (BCA) to baa3 from baa2. This move is on the back of acquisition...
L&T’s construction arm bags orders worth Rs.1,125 crore
Larsen & Toubro’s (L&T) construction arm has bagged orders worth Rs.1,125 crore across business segments. The company in a BSE filing stated that, its metallurgical...
Aurobindo receives USFDA approval for Fondaparinux Sodium injection
The US health regulator has given approval to Aurobindo Pharma, for manufacturing and marketing generic version of Fondaparinux Sodium injection, which is used to prevent deep vein...
Glenmark receives USFDA approval for generic version of Minastrin tablet
The US health regulator has given final approval to Glenmark Pharmaceuticals for a generic version of Minastrin 24 tablets, which is used to prevent pregnancy....