Odisha Cement Ltd., soon to be renamed Dalmia Bharat Ltd., said it has filed a complaint with regulators and the police after a depository participant transferred mutual fund units of the group’s arms.
Lupin clarified on news of government’s ban on company’s anti-diabetic drug ‘Gluconorm’ stating that the litigation was a non-material one and the Delhi High Court has set aside the order and remanded the said order to Drugs Technical Advisory Board to examine the issue as per Supreme Court’s direction.
Tata Metaliks to increase DI pipe capacity by 2 LTPA (lakh tonne per annum) and hot metal capacity by 0.7 LTPA. The capacity will be expanded by March 2022 with an investment of Rs555cr.
Jet Airways said seven more aircraft had been grounded due to non-payment to lessors. The company said it was making all efforts to minimize disruption to its network.
Punjab National Bank reduced its MCLR by ten basis points across various tenors with effect from March 1. The bank stated that base rate at 9.25% remains unchanged.
Allahabad Bank board approved raising equity capital of the bank by an amount aggregating upto around Rs6,896cr through preferential issue of equity shares to the Government against their capital infusion.
Bharti Airtel is likely to consider fund-raising plans via QIP; rights issue or preference share issue in its board meeting today.
Aurobindo Pharma stock in focus as USFDA said procedures designed to prevent microbiological contamination of drug products purporting to be sterile have not been established and followed in the company's Medak facility in Andhra Pradesh, as per media reports.
Varroc Engineering’s Moroccan arm commenced commercial operations from February 26. The plant has been set up to manufacture and supply automotive lighting parts.