The Reserve Bank of India has appointed its former Deputy Governor R. Gandhi as an additional director on the board of private sector lender Yes Bank with immediate effect. The appointment is for two years that is till May 13, 2021, the bank told exchanges.
Jet Airways’ Vinay Dube resigned as the CEO with immediate effect, citing personal reasons.
Dr Reddy’s said it's US arm specifically named as a defendant with respect to five generic drugs for an alleged "overarching conspiracy'' to fix prices and to allocate bids and customers in the US in the sale of generic drugs.
Vodafone Idea board approved the amalgamation of its arms Vodafone India Digital and Idea Telesystems with the company.
Wockhardt clarified on the news that US states have filed lawsuit against generic drug firms stating that they have already made the disclosure in the annual report.
NTPC won 100MW of Solar capacities in SECI’s 250MW tender in Maharashtra, at a levelized tariff of Rs2.91 per unit, applicable for 25 years.
Glenmark denied all allegations against lawsuit filed by U.S. states against generic drug firms.
Mangalore Chemicals & Fertilizers shut down Ammonia, Urea and ABC plants in Mangalore City with effect from May 14, due depletion of reservoir level at Thumbe dam and delay in pre-monsoon showers.
Datamatics Global Services acquired balance 18.91% stake in Datamatics Digital for Rs10.4cr.
Results today: Lupin, Jubilant FoodWorks, Aarti Drugs, Manappuram Finance, KPIT Technologies, Torrent Power, KRBL, Adani Green Energy, Petronet LNG, Aditya Birla Fashion and Retail, Alembic, Amara Raja Batteries, Phoenix Mills, Welspun Enterprises, Wonderla Holidays, Zuari Agro Chemicals, Central Bank of India, Coromandel Engineering, Karur Vysya Bank, Kesoram Industries, SKF India, Taj GVK Hotel.