SBI will take the lead among state-run lenders to launch branch less banking. The latest launch from the lender - SBI Digi Bank will have a financial superstore, a market place and end to end digitisation for all products and services. (ET)
Suzlon Group has announced its maiden order win of 105MW wind power project from Hyderabad-based Axis Energy Group. (BL)
Following the approval from the USFDA for its generic version of Bendamustine Hydrochloride powder for injection, 25mg/vial and 100mg/vial (singe-dose vial), Natco Pharma will launch the drug on November 1, 2019 or earlier in the US market. (BL)
Piramal Ent. has received board approval to enter into the housing finance market. (BL)
BEML announced the Ministry of Defence, had communicated 'in-principle' approval of the Cabinet Committee on Economic Affairs (CCEA) for strategic disinvestment of 26% equity shares in BEML out of Government of India's shareholding of 54.03%. The said shareholding would be sold to the strategic buyer(s) to be identified by the Government of India by following due procedure. (BS)
Aurobindo Pharma announced the acquisition of Generis Farmacêutica, which operates in Portugal, from Magnum Capital Partners for an all-cash deal of EUR135mn (Rs9.69bn). (BS)
Aurobindo Pharma has received final approval from the US health regulator for its Levetiracetam in Sodium Chloride injection used for the treatment of seizures with epilepsy. (BL)
PVR Ltd has informed Bombay Stock Exchange and the National Stock Exchange of India that the Delhi High Court has approved merger of two of its subsidiary companies with it, effective from April 1, 2015. (ET)
Pokarna Ltd has announced Pokarna Engineered Stone Ltd, its wholly-owned subsidiary, has partnered Swedish home furnishing products retailer IKEA in India, to serve as its exclusive quartz surfaces supplier and installation partner. (BL)
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