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

Important news that made headlines during the week.

Dec 08, 2018 04:12 IST India Infoline News Service

  • HCL Technologies to buy select IBM software products for $1.8bn.
  • Lupin’s Canada arm received an approval from Health Canada for Zaxine drug used for the treatment of irritable bowel syndrome.
  • Cabinet approves sale of govt’s 52.6% stake in REC to PFC for Rs15,000cr.
  • Zydus Wellness to raise funds by issuing preference shares worth Rs2,575cr to Cadila Healthcare, Zydus Family Trust, Pioneer Investment Fund and True North Fund.
  • Government cuts stake in Coal India by 2.2% to 72.9%.
  • Reliance Industries’ Reliance Jio Infocomm board was considering restructuring and reorganizing proposals on Dec 11.
  • Aurobindo Pharma named in US lawsuit for contamination of its irbesartan drug.
  • Power Grid Corporation of India emerged as a successful bidder for work in Thermal Power Project in Uttar Pradesh.
  • Adani Green Energy’s arm won an order for 390 MW Wind-Solar Hybrid Auction at Rs2.69 per KW-hour.
  • Kirloskar Industries clarified that the news of promoter group of insider trading will not impact the company materially.
  • Kesoram Industries board said it was demerging its tyre business. Birla Tyres will issue 1:1 equity share to Kesoram Industries at nominal value of Rs10 per share.
  • Tata Motors said that the S&P downgraded Jaguar Land Rover to ‘BB-’ from ‘BB’, Rating remain on watch ‘Negative’, due to weaker profitability.
  • SKF India fixed December 21 as record date for share buy-back.
  • IndiGo appointed Ronojoy Dutta as Principal Consultant to develop a five-year business plan for the airline company.

Related Story