Suzlon wins 50.40 MW order and other top corporate news of the day

India Infoline News Service | Mumbai | January 24, 2017 10:42 IST

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

Reliance Industries is in talks to raise as much as USD2.25 bn (Rs 153bn) in what could be one of the biggest offshore debt issues by an Indian corporate as the energy-to-retail conglomerate seeks to replace existing high-cost borrowings as well as build a war chest for its aggressive expansion strategy in telecom. (ET)

Suzlon Group has bagged a 50.40MW order from a leading power utility in Gujarat. (BL)

State oil firms have spent 90% of this fiscal’s capital expenditure in the first nine months, with ONGC Videsh, Oil India and Indian Oil Corporation having exceeded their annual targets already. (ET)

Bajaj Auto is making a second attempt to enter Indonesia, this time pillion-riding on the number one European bike brand. (BS)

Lupin has received final approval for the generic version of anti-depressant Paroxetine Extended Release tablets from the US health regulator. (BL)

Suven Life Sciences has been granted a patent by Australia for a drug used in the treatment of neuro-degenerative diseases. (ET)

Manpasand Beverages Ltd is planning to increase its production capacity to more than double in the next 12-18 months. The company will set up four new manufacturing plants having total production capacity of 0.2mn cases per day as against the current 0.17mn cases per day. (BL)

Sun Pharmaceutical Industries is looking to sell its US subsidiary, Ohm Laboratories, as it looks to consolidate its operations in its biggest overseas market. (BS)

***Note: This is a NSE Chart



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