BEML signs MoU with Dredging Corporation of India & other Top Corporate News

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

April 20, 2016 9:11 IST | India Infoline News Service
Business News
Apollo Hospitals is planning to invest close to Rs6bn to raise its bedcount across the country to 9,000 by the end of FY17 from the current 8,400 directly owned by Apollo. (BS)

Alembic Pharmaceuticals has received four observations from the US health regulator after the inspection of Panelav facility. (BL)

BEML has signed a Memorandum of Understanding with Dredging Corporation of India Limited for indigenous design, development and manufacture of spares for dredgers. (ET)

State Bank of India has been asked by the central bank to provide for losses on food grain-related loans issued to the Punjab government. (ET)

JK Tyre & Industries has completed the acquisition of Cavendish Industries Ltd (CIL), which houses three tyre business undertakings of Birla Tyres at a value of Rs22bn. (BL)

Inox Wind Ltd has bagged two orders for a cumulative capacity of 100 MW from country's one of the leading renewable energy independent power producers. (BS)

Suprajit Engineering Ltd and Phoenix Lamps Ltd, following separate meetings of their respective boards of directors, have announced the merger of Phoenix with Suprajit. (BS)

Reliance Industries plans to shut a crude unit from May 1 for three weeks of maintenance. (BL)

Lupin has launched its generic norethindrone acetate and ethinyl estradiol tablets, used for the prevention of postmenopausal osteoporosis, in the US market. (BL)

ICICI Bank has increased its stake in the debt-laden IVRCL Limited to 11.43% by acquiring a fresh 39.91mn shares amounting to 7.3% of the equity share capital of the company. (ET)

In a move to compete against cheaper high grade South African, Indonesian and Australian coal while keeping its prices unchanged, Coal India has recently strategised a move whereby it is giving up part of its charges levied previously on the consumers. (BS)

Suzlon acquires five firms to execute renewable energy projects. (ET)

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