Jaiprakash Power Ventures seeks shareholders' nod to convert Rs 3,000 crore debt to equity and other top corporate news of the day

India Infoline News Service | Mumbai | January 10, 2017 08:16 IST

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

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Jaiprakash Power Ventures has sought its shareholders' nod, through postal and electronic ballot, to convert part of its outstanding debt of Rs30.58bn into 3.06bn equity shares. (BL)
 
Divis Laboratories has filed a detailed response within the permitted time to the observations made by the US health regulator after inspection of the drug firm’s manufacturing plant at Visakhapatnam in Andhra Pradesh. (BL)
 
Oil and Natural Gas Corporation (ONGC) is close to finalising ways to complete its USD800mn projects stuck midway after the contractor, Singapore’s Swiber Holdings Ltd, collapsed last year following an oil slump. (ET)
 
A set of critical observations issued by Portuguese drug regulator on Granules India's Gagillapur unit near Hyderabad that manufactures pharmaceutical formulation intermediates (PFIs) and finished dosages (FDs).
 
The Centre is seeking a higher dividend on the back of IOC, HPCL and BPCL reporting much higher profits in the first half of this fiscal, as well as improved earnings per share. (ET)
 
The government has clarified that the consumers will not bear any extra burden on their auto fuel bills. (BL)

 

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