IGL clocks highest ever CNG sales & other Top Corporate News

India Infoline News Service | Mumbai | April 21, 2016 08:58 IST

Check out the most important news stories, which captured the headlines at the corporate level in India and internationally.

Wipro announced a share buyback of 40mn shares or 1.62% of the shares amounting to Rs 25bn at Rs625/share. (BS)

Bharti Airtel will sell more than 5% stake in its tower arm Bharti Infratel through an open market block deal. (ET)

Nestle's Maggi now hold more than 50% market share, first time since May 2015. (BS)

Competition Commission of India (CCI) said Indian seed companies that use global agriculture firm Monsanto's technology will not need to destroy Bt cotton seeds, patent lines and germ plasm once their contract ends. (BS)

GenNext Hub, a Reliance Industries Ltd-backed startup program, entered into a partnership with Invest Ottawa to create a bridge to engage innovative startups from India and Canada. (ET)

Alkem gets a regulatory rap in Europe over the reliability of data from some of its clinical studies. (BL)

Bharti Airtel commercially launched fourth generation or 4G services in Karnataka's Shimoga region, taking the number of its 4G towns in the state to 110. (ET)

Indraprastha Gas Ltd recorded highest CNG sale of 2.7mn kg a day this week after more vehicles switched to the cleaner fuel with the start of second round of 'odd-even' rule for plying of private cars. (ET)

The Odisha government has issued the letter of intent to Essar Steel after it emerged as the preferred bidder in the first iron ore block offered for e-auctions in Odisha. (BS)

The UK strips division management of Tata Steel headed by director Stuart Wilkie has expressed interest in buyout of the entire 6.5mt capacity in the region by infusing funds in personal capacity. (BS)

Muthoot Capital Services is diversifying aggressively into corporate and SME segments to grow faster and has set a target of growing loan book by two-and-a-half times to Rs25bn this fiscal. (ET)

United Spirits (USL), plans to fund and mentor startups in India as part of a strategy to strengthen its brands. The Diageo-controlled company recently launched `Signature Startups', a marketing initiative that allows emerging companies to network and ideate using USL's resources. (ET)

At least 21 workmen received burns in an accident in one of the nine units of the 4,600MW thermal power plant of Adani Power Ltd at Mundra in Kutch district. (BL)

LinTeractive, the digital division of MullenLowe Lintas Group has bagged the mandate for digital marketing of L&T across all its businesses, including performance media buys. (ET)

The Tata group has deferred its share conversion option in Tata Teleservices Ltd by a year after the talks between the group and its equity partner NTT Docomo on the buyback of latter’s 26.5% stake failed to make headway. (BS)
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