Monday 17 September 2018

MARKET NEWS CORNER


NEWS CORNER



1.     Vedanta encountered indications of hydrocarbon during drilling and formation evaluations.


2.     HCL Technologies to buyback 3.63cr at Rs1,100 per share. The offer will open on September 18 and close on October 3.
3.     Cabinet approved transfer of Rashtriya Chemicals and Fertilizers’ land to Mumbai Metropolitan Regional Development Authority and Municipal Corporation of Greater Mumbai.
4.     Wipro and Anaplan joined hand to deliver cloud-based enterprise performance management solutions.
5.     Cadila gets a final approval from the USFDA to market Risedronate Sodium Delayed-Release Tablets, 35 mg.
6.     Engineers India will acquire 100% stake from Government of India in Projects and Development India Ltd.
7.     Dr Reddy’s Laboratories launched Neostigmine Methylsulfate Injection in the US after getting necessary approvals from the USFDA.
8.     Voltas formed a JV with Arcelik with aim to launch over 100 units of refrigerators, washing machines, and microwaves over the next three months.
9.     Federal Bank's MD and CEO sold 2 lakh shares consequent to a margin call on credit facilities availed to buy ESOS shares allotted to him.

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