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News that made headlines during the week.

Jul 14, 2018 06:07 IST India Infoline News Service

 Corporate News                
  1. HCL Technologies board approves buyback of up to 3.64cr (2.61%) shares worth Rs4,000cr at Rs1,100 each
  2. NCLT approves demerger of Tata Communications and Hemisphere Properties India
  3. HIL acquires European flooring solutions company Parador for €72.3mn
  4. Vakrangee enters an alliance with Reliance Nippon Life Asset Management to offer mutual fund distribution
  5. SBI clarifies that a 100% provision has been made for the Topworth Group case
  6. Allahabad Bank plans to divest stake in joint ventures, associates, and sell some immovable properties
  7. Hindustan Oil Exploration Co. completed drilling of two wells
  8. HCC failed to provide resolution timeframe for Lavasa Project
  9. Avendus-KKR Frontrunner to buy IDFC MF
  10. HDFC’s board to meet on July 17 to consider and approve issue price of preferential allotment
  11. Varroc Engineering to set up new facilities at Chennai (India) and Poland for manufacturing exterior lighting components
  12. Avanti Feeds: Thai Union Group committed to remain invested. Will keep shareholding between 20% to 25%
  13. Idea Cellular says that the current approval of DoT for the merger with Vodafone is conditional and not a final approval
  14. Power Grid arm starts full commercial operations in Maharashtra
  15. Quinaq Acquisition (FPI) increases stake in Mannapuram Finance to 9.94% from 3.09% 
  16. M&M Forgings to issue bonus shares in ratio 1:1
  17. Satin Creditcare Network approves transfer of MSME business arm; to acquire 11lakh shares in a subsidiary for Rs3.3cr
  18. Bank of Baroda clarifies candidature of its MD-CEO PS Jayakumar to succeed Axis Bank CEO Shikha Sharma is speculative
  19. LIC-IDBI Bank deal may conclude by September, PTI reports
  20. Sun Pharma arm files lawsuit against Bifrontera for patent infringement and trade secret misappropriation
  21. IDBI Bank raises MCLR by 10 basis points to 9.6% from July 12
  22. Shree Cement arm completes acquiring 97.61% stake in UAE-based UCC
  23. Max India promoters clarify SEBI has not mandated an open offer in its order
  24. Cipla’s wholly-owned subsidiary acquires South African company Mirren (Pty) Ltd for Rs228cr
  25. Kwality to close its its dairy products business in UAE
  26. Max Group promoters say that SEBI has not mandated promoters to carry out an open offer anywhere in its order 
Economy News
  1. IIP eases to 3.2% in May against 4.9% in April
  2. CPI surges to 5% in June against 4.87% in May
  3. India's logistics sector likely to grow at 8-10% over medium term: ICRA
  4. India becomes world's sixth-largest economy: World Bank
  5. Three-tier structure under GST regime is possible as revenues stabilize: Subramanian
  6. Telecom Commission approves principle of net neutrality, new telecom policy
  7. PE investment in real estate sector increases by 36% annually in 2014-17: Report
  8. States' performance in ease of doing business shows significant progress: CII
  9. India offers host of business opportunities for UK investors: Ravi Shankar Prasad
  10. India maintains position as top IT exporter in Global Innovation Index
  11. Need to work on increasing protectionism, trade conflicts to revive global growth: Das
  12. Centre brings in UNDP to fast-track crop insurance scheme

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