M&M will buy 60% stake in Classic Legends and top corporate news of the day

India Infoline News Service | Mumbai | October 20, 2016 08:34 IST

Sun Pharma announced a new collaboration with International Centre for Genetic Engineering and Biotechnology (ICGEB) for development of dengue vaccine targeted against all four serotypes of the virus. (ET)
 
L&T Technology Services, an arm of Larsen and Toubro, has secured a multi-million dollar contract from a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products.  (ET)
 
Bharti Airtel launched a 10GB data offer for Rs259 for consumers buying a new 4G mobile device, offering data at effectively just over Rs25 a GB to take on aggressive pricing from new entrant Reliance Jio Infocomm. (ET)
 
Coal India will begin special spot e-auction of coal and will put on offer 20mt of the fossil fuel for various sectors, including power, amid government’s efforts for 24x7 power to all.  (BL)
 
Hindustan Zinc (HZL) will come out with its specialised product -- zinc die casting alloy -- through which it looks to meet requirements of auto, household appliances and defence sectors. (ET)
 
The government will sell 15% stake in NBCC (India) Ltd at a floor price of Rs246.50/share, which is expected to fetch around Rs22bn. (BS)
 
The Supreme Court directed Unitech to refund the principal cost of flats to 39 buyers who had booked apartments in a Gurgaon project seven years back and have still not got possession of their houses. (BS)
 
Mahindra & Mahindra said that it will buy 60% stake in Classic Legends (CLPL), a company engaged in manufacturing and marketing two-wheelers, for Rs60mn. (BS)
 
Suzlon announced a joint venture with Canadian Solar for developing two solar projects of 15MW each in Telangana. (BS)
 
The NCC-BGR Consortium has been awarded the Pachhwara North Coal Block Mine Developer and Operator Project by the West Bengal Power Development Corpn Ltd. (BL)