Wipro to acquire Brazil's IT firm InfoSERVER SA for $ 8.7 mn and top corporate news of the day

India Infoline News Service | Mumbai | January 27, 2017 09:17 IST

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

Businessman-sitting-on-bench, News
Biocon has bagged a MYR300mn (about Rs4.61bn) contract from the Ministry of Health, Malaysia, to supply recombinant human insulin formulations for a period of three years. (BL)
Natco Pharma said the US health regulator has made six observations after the completion of inspection of its Kothur formulation facility in Telangana. (BL)
Heineken International is caught in a bind as it is unable to remove chairman Vijay Mallya from its Indian joint venture United Breweries despite owning a higher stake. The beleaguered billionaire is causing reputational risks to United Breweries due to his legal battles with lenders and investigation by government agencies for misappropriation of funds. (ET)
Atlanta has secured a Rs12.92bn road project in Gujarat from the National Highways Authority of India (NHAI). (BL)
Jubilant Life Sciences has received ‘Responsible Care 14001:2013 certification’ under the American Chemistry Council’s Responsible Care programme for its corporate office in Noida and for its manufacturing Unit in Gajraula. (BL)
Tata Steel will acquire 51% stake of Creative Port Development Pvt (CPDPL), a move that may optimise in-bound and out-bound supply chain for its steel plants. (BL)
The Board of Directors of Multi Commodity Exchange Ltd took a decision to appoint a forensic auditor for software provided by ODIN. The vendor company is owned and operated by 63 Moons Technologies Ltd, which was earlier known as Financial Technologies India Ltd (FTIL). (BS)
SRS Ltd is in talks with multiplex operators including INOX and private equity players to sell its cinema business. (ET)
Wipro signed an agreement to acquire InfoSERVER SA, an IT service provider focussed on the Brazilian market for USD8.7mn. (BS)
Delhi High Court sought the responses of the Centre and Directorate General of Foreign Trade (DGFT) on a plea by Cairn India Ltd challenging a single judge order dismissing its petition for exporting its share of crude oil from Barmer oil field in Rajasthan. (ET)
Mezzion Pharma has filed a suit against Dr Reddy’s Laboratories (DRL) in a US court. It has alleged the supplier had committed fraud by hiding significant deficiencies in the Current Good Manufacturing Practice, or CGMP, regulations enforced by the US health regulator. (BS)
NTPC Ltd has raised EUR500mn through overseas bonds sale that perhaps may be the first longest tenor euro-denominated issuance by an Indian company. (BS)



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