TOP CORPORATE NEWS
Rajesh Exports up on acquisition plan in Europe
Rajesh Exports rose over 4%, touching to Rs276, after the company scheduled a board meeting on July 02, 2015, to mull an acquisition in Europe, in the same line of business.
Infosys wins three deals from abroad
Infosys has bagged three deals from overseas clients which include two in the financial services space and one for managed services. Croatia's Hrvatska Postanska Banka (HPB) and Sharjah Islamic Bank (SIB) in the middle east have selected Infosys Finacle Payments solution for their business.
Aurobindo gets USFDA Approval for Azithromycin for Injection
Aurobindo Pharma has received final approvals from the US Food & Drug Administration ( USFDA ) to manufacture and market Azithromycin for Injection USP, 500mg /vial (ANDA 203294).Azithromycin for Injection USP, 500mg /vial is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Zithromax® (Azithromycin for Injection) 500mg/vial of Pfizer, Inc.
Idea Cellular to focus on 3G, invest about Rs5500 crore in FY16
Idea Cellular third-largest telecom operator will continue to focus on growing its 3G operations, 3G will be a priority area and currently company is able to provide 80% of 3G services.
The Company will invest about Rs5,500 crore in the current fiscal on its services and network expansion.
Bajaj Auto to raise production of Pulsar RS200
Bajaj Auto is planning to raise the production of the recently launched RS 200 after it has received a good response from the customers. The sales are currently ranging at 1,700 units per month and the company is yet to launch the product pan India given the capacity constraints. The management has plans to raise capacity to 4,000 units per month.
Dr. Reddy launches first OTC hair growth supplement
Dr Reddys Laboratories announced the launch of HAiROOTZ™, the first hair growth supplement to be marketed in India as over-the-counter ( OTC) by the Company. HAiROOTZ™ comes from the same branch of business that markets MINITOP™, the No.1 dermatologist recommended brand in the country.
Tata Steel UK unions agree for modified final pension scheme
Tata Steel UK unions agreed for modified final salary pension scheme, the proposal includes fair & balanced modifications to existing scheme and new proposal continues to provide employees with a high-quality pension. Meanwhile, unions lifted one-day strike scheduled for June 22. Positive read-thru.
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