Arvind stock in focus. The company informed the stock exchanges that the effective date for the demerger and allotment of shares will be November 29, 2018.
Moody's Investors Service downgraded Yes Bank's foreign currency issuer ratings to Bal from Baa3 with changing outlook to negative from stable
Lupin’s Ramesh Swaminathan resigns as the CFO of the company with effect from December end.
Future Retail stock in focus today. Future Retail-Amazon deal likely in 10 days, in which Amazon will buy around 9.5% stake in the company and both the parties are in advanced stage of talks for the deal.
Axiscades Engineering Technologies arm won two key contracts worth $20mn.
Orient Electric entered into a strategic partnership with Italy based De’ Longhi Group, in which three international premium small appliances brands will enter India namely De’ Longhi, Kenwood and Braun.
Inox Wind signed a pact with AMSC for 3MW wind turbine in India.
Merck stock in focus as Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers approved the acquisition of the biopharma business of the company to its arm ‘Merck Specialties Private Limited’ by way of slump sale.
Atul Auto signed the term-sheet with JBM Industries for entering into a Joint Venture Agreement with an object to expand/ develop the business of three wheeler electric autos with the blend of respective expertise.