NEWS CORNER
1.
Sun Pharma received six
observations from USFDA for its Halol plant.
2.
Bajaj Auto will increase its
production capacities of three-wheeler and quadricycles to one million per
year.
3.
Infosys and Temasek have
announced a Joint Venture in Singapore.
4.
IDBI Bank reported insolvency
application with NCLT, Ahmedabad against Reliance Naval and Engineering,
seeking debt arbitration.
5.
L&T Financial Services
clarified that it had submitted necessary details to the Registrar of Companies
regarding its IPO in July 2011 and has still not received any further
communication.
6.
Housing Development Finance Corporation
completed sale of 5.1% equity stake of Computer Age Management Services to
Great Terrain Investment, Mauritius for Rs169.52cr.
7.
Aurobindo Pharma's subsidiary is
planning to acquire three manufacturing units from Sandoz.
8.
Jindal Stainless is planning to
increase its foreign portfolio investor investment limit to 100% of the paid-up
equity share capital of the company.
9.
Bharti Infratel and Indus Towers
have received exit notices, which would result in exit of 27,447 co-locations
for the company on a consolidated basis.
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