LiveAlembic Pharma acquires Orit Lab
Alembic Pharmaceuticals, through its wholly-owned subsidiary has acquired US-based generic drug developer Orit Laboratories LLC for an amount which is not disclosed. In a regulatory filing the...
Category : Latest News
New India Assurance Company IPO opens
The New India Assurance Company’s initial public offer (IPO) worth Rs.9,600 crore has opened for subscription on November 1. The issue will close on November...
SBI lowers lending rate by 0.05%
State Bank of India (SBI), has lowered benchmark lending rate by 0.05% across maturities. The marginal cost of funds based lending rates (MCLR) has seen...
NTT DoCoMo gets USD 1.2 billion from Tatas
NTT DoCoMo, Japanese firm has received approx 144.9 billion yen (USD 1.2 billion) from Tata Sons over their Indian telecom joint venture dispute. Docomo in...
Tata Steel promotes T V Narendran as global CEO & MD
T V Narendran, has been promoted by Tata Steel as the chief executive officer (CEO) and Managing Director (MD). Narendran, was serving as managing director...
IDBI Mutual Fund launched focused equity fund for subscription
IDBI Mutual Fund has launched IDBI Focused 30 Equity Fund, for subscription on October 30. The scheme which is an open ended equity scheme, will...
Reliance Communications announced new zero write off debt plan
Reliance Communications, has presented a new zero write off debt management plan. Under this plan, the lenders will get 51% holdings in the company. As per...
Bain Capital plans to invest up to $1 billion in Axis Bank
Bain Capital is planing to invest between USD 750 million and USD 1 billion in Axis Bank . Axis Bank is in talk to raise...
Mahindra Logistics IPO opens for subscription
Mahindra Logistics, the subsidiary of Mahindra and Mahindra, initial public offering (IPO) opens for subscription today on October 31 and will close on November 2....
IDFC drops merger plan with Shriram Group worth USD 12 bn
IDFC Group, drops the merger plan with Shriram Group worth USD 12 billion, as they were not able to decide common ground over the swap ratio. As per...