TOP CORPORATE NEWS
Bafna Pharmaceuticals
gets renewal certificate from MHRA, London
Bafna
Pharmaceuticals announced that the Company got the renewal certificate from
MHRA, London, following the successful completion of MHRA audit process.
Bharti Airtel surges on
raising 2G, 3G data prices
Shares of Bharti
Airtel rose over 2%, touching to Rs 418.1, on reports that the telecom major
has hiked data charges of 2G and 3G services sold on-line by 13-18% for its
pre-paid customers.
The 3G charges
for 1GB have been hiked to Rs299 against Rs255 earlier valid for a period of 28
days. Further, 2G charges for 1GB has been raised to Rs199 compared with Rs176
valid for a period of 28 days.
L&T Finance gains on
reports of stake sale plan
Shares of L&T Finance Holdings rose over 2%, touching to Rs61.7, on
reports stating that the financial services unit of engineering major L&T
is in talks to sell a minority stake to Bain Capital, one of the world's
leading private, alternative asset management firms. On signing the deal, Bain
Capital would have to pay approximately $350 million. The company desires to
expand beyond business outsourcing and manufacturing and foray into financial
services in India.
SPARC licenses Xelpros to Sun
Pharma for US market
Sun Pharma
Advanced Research Company ( SPARC) has licensed out Xelpros, a
preservative-free eye drop, to a subsidiary of Sun Pharma for the US market. In
addition to up-front payment of USD 3 million, SPARCBSE -0.04 % will receive
certain other milestone payments, both totaling to USD 16 million from Sun
Pharma.
DLF to sell DT Cinemas
business to PVR; stk up
Shares of DLF
rose over 4%, to Rs115.4, after company's subsidiary, DLF Utilities, has
entered into definitive agreements to sell DT Cinemas to PVR, on a slump sale
basis. DLF announced that its subsidiary, DLF Utilities has entered into
definitive agreements to sell its cinema exhibition business operated under the
brand name of 'DT Cinemas', to PVR, on a slump sale basis for an aggregate
consideration of Rs 500 crore approximately.
NMDC awarded with India Pride
Award
NMDC was awarded
the India Pride Award 2015 in the 'Metals and Minerals and Trade (including
Mining) category by Dainik Bhaskar.
United Bank of India reduces
base rates; stk up
United Bank of
India rose nearly 3%, touching to Rs22.95, after the bank said it has reduced
its base rate from 10% to 9.9% with effect from June 19, 2015.
Pharma: Certain nutritional
supplements rejected by FSSAI
Pharma: Certain
nutritional supplements rejected by FSSAI (negative for Sun Pharma and Biocon). Food Safety and Standards Authority of India ( FSSAI) rejects key brands like
Re vital (Ranbaxy), Xtralgo (Sun Pharma) and Bromalain (Bioocon) on the ground
of containing high levels of sugar, caramel, salt or heavy metals, caffeine and
iron fillings.
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