NEWS CORNER
1.
Lupin’s Canada arm received an
approval from Health Canada for Zaxine drug used for the treatment of irritable
bowel syndrome.
2.
Wipro’s digital business arm
announced expanded global partnership with the U.S. based ‘Alfresco’ to offer
open source digital solutions.
3.
Cabinet approves sale of govt’s
52.6% stake in REC to PFC for Rs15,000cr.
4.
Zydus Wellness to raise funds by issuing
preference shares worth Rs2,575cr to Cadila Healthcare, Zydus Family Trust,
Pioneer Investment Fund and True North Fund.
5.
Government cuts stake in Coal
India by 2.2% to 72.9%.
6.
HUDCO Board mulls raising up to
Rs1,000cr via bonds.
7.
HCL Technologies to buy select
IBM software products for $1.8 billion.
8.
Reliance Industries’ Reliance Jio
Infocomm board was considering restructuring and reorganizing proposals on Dec
11.
9.
Majesco to invest ~$35mn in US
unit’s right offering to fund remainder of Exaxe acquisition, pay off debt, and
accelerate crowd solution growth.
10.
MPS received intimation from ADI
BPO Services for withdrawal of scheme of amalgamation of the latter company
with MPS.
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