NEWS CORNER
1.
ICICI Bank mulls exercising
oversubscription option to sell additional 1.43cr shares in ICICI Prudential
Life.
2.
TCS hit a new high of Rs 1,849
per share on the BSE during the day, after the IT major said that its board has
approved a proposal of buyback upto 76.19 million equity shares at price of Rs
2,100 per share through tender offer.
3.
Manpasand Beverages tanks after
the exchange placed shares of the company under ASM (Additional Surveillance
Measure) framework effective from today, June 15, 2018..
4.
Shares of Dr Reddy’s Laboratories
were up 3% at Rs 2,346 per share on the BSE after the company announced today
that it has received final approval from the US Food and Drug Administration
(USFDA) for the launch of Buprenorphine and Naloxone sublingual film in the US
market.
5.
The Reserve Bank of India (RBI)
is planning to provide relief to foreign portfolio investors (FPIs) on some of
the new norms proposed in its April 27 circular. As per the new norms, an FPI
cannot invest more than 20 per cent of its portfolio in papers that have
maturity below one year.
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