SBI-Bharatiya Mahila Bank merger gets competition commission nod and other top corporate news of the day

India Infoline News Service | Mumbai | December 01, 2016 08:35 IST

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

The US-based subsidiaries of two domestic drug firms — Sun Pharma and Cadila Healthcare — are recalling one product each from the market on account of failure to meet the desired specification norms. (BS)
 
Tata Power will sell its 30% stake in PT Arutmin for a sharply lower consideration of USD246.64mn after entering into revised pacts that take into account certain prior liabilities. (ET)
 
Competition Commission has approved the merger of Bharatiya Mahila Bank with the State Bank of India (SBI). (BS)
 
Wipro Ltd announced it was selling its EcoEnergy business division to Chubb Alba Control Systems Ltd, the Indian arm of the United Technologies Corporation (UTC), for USD70mn (Rs4.80bn). (BS)
 
KSK Energy Ventures Limited is in advanced stage of parleys for stake divestment in the KSK Mahanadi thermal power project. (BS)
 
Bajaj Auto officially named its biggest and most powerful motorcycle ‘Dominar 400’, which will be unveiled on December 15. (BS)
 
Hinduja Ventures Ltd (HVL) it will sell stake in group firms Induslnd Media and Communications Ltd and Hinduja Energy. (ET)

 

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