Did you miss out on important news? See what mattered the most

Important news that made headlines during the week.

Nov 24, 2018 04:11 IST India Infoline News Service

  • Jet Airways issues clarification, says media report indicating merger of Jet Privilege and Jet Airways was speculative. Meanwhile, company is in talks with investors to secure sustainable financing.
  • Yes Bank’s R Chandrashekar resigns; board overhaul likely.
  • Production at NMDC’s Donimalai mine suspended. Suspension of production at the mine is reportedly temporary.
  • Redington Gulf FZE, (Redington Gulf) a step-down subsidiary of Redington India, had acquired additional 24.8% stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company, increasing its total stake from 60% to 84.8%.
  • The US Court of Appeals has lifted temporary ban on Dr. Reddy's generic Suboxone film. Tracking this shares of Suboxone's innovator, Indivior Plc dropped 45% in the London stock market.
  • NBCC, Kotak Investment, L&T Infra, Cube Highways and Suraksha group - have expressed their interest in taking over the embattled Jaypee Infratech, Jaypee homebuyers have said that they support the process and hope that a successful bidder will complete the projects, as per media reports.
  • Bank of Baroda agreed to sell 4% stake in Clearing Corporation of India to HDFC Bank at Rs620 per share, with consideration aggregating to Rs124cr. Post the acquisition, HDFC Bank will increase its stake in CCIL from 5% to 9%.
  • Suzlon Energy completed sale of two arms to Canadian Solar. The total consideration received for both companies stood at Rs54.53cr.
  • Minda Corporation reduced its stake in its joint venture with Japan based Furukawa Group from 51% to 25%.

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