· Aurobindo receives final
approval from USFDA for Entecavir
Aurobindo Pharma
has received the final approval from the US Food & Drug Administration (
USFDA) to manufacture and market Entecavir Tablets. Entecavir Tablets are
indicated for treatment of chronic hepatitis B virus infection of the liver.
The product has an estimated market size of US$294 Million (around Rs2000
crore) for the twelve months ending June 2015 according to IMS.
· Bosch starts new
manufacturing facility at Bidadi; stk up
Bosch rose over
2%, touching to Rs23290, after company today, August 27, 2015, formally
inaugurated its new manufacturing facility at Bidadi, Bengaluru in the State of
Karnataka. Bosch said that the company has today, August 27, 2015, formally
inaugurated its new manufacturing facility at Bidadi, Bengaluru in the State of
Karnataka at a built up area of approximately 38,000 square meters with an
investment of around Rs340 crore.
· Bank of Maharashtra up as
board to consider fund raising proposal
Shares of Bank
of Maharashtra rose nearly 2%, touching to Rs34.9, after the bank board meeting
to be held on September 01, 2015, to consider raising of equity capital by way
of preference allotment to Government of India. Adding further the Bank have
received a notice from the General Secretaries of Workmen Unions/ Associations
i.e. NOBO, NOBW, AIBEA, AIBOA, BEFI, INBOC, INBEF informing their decision to
go on a one day All India General Strike on September 02, 2015, in support of
their demands.
· Shriram EPC board approves
allotment of shares; stk surges
Shriram EPC's
board of directors at its meeting held on August 26, 2015, approved allotment
of 78.19 lakh equity shares of the company at Rs32.98 per share to corporate
debt restructuring ( CDR) lenders on conversion of funded interest term loan
(FITL), on preferential basis pursuant to corporate debt restructuring scheme.
The board also approved allotment of 58.55 lakh equity shares at Rs40.05 per
share to CDR lenders on conversion of Sacrifice Amount, on preferential basis
pursuant to corporate debt restructuring scheme, Shriram EPC said.
· Sun TV Network ties up with
HOOQ for delivery of movies
Sun TV Network
ties up with HOOQ for delivery of movies of their premium VOD service. Sun TV
Network has tied up with the largest catalogue of the premium movies from south
partners with HOOQ, Asia’s biggest premium video –on – demand service in a
multi-year deal. Sun TV wants their customers to continue to enjoy the largest
and best catalogue of Hollywood and Indian content of any services.
· HDFC Life plans IPO to sell
25% stake for Rs6000 crore
HDFC Life plans
IPO to sell 25% stake for Rs6000 crore – Positive read thru for HDFC. HDFC life
proposes to sell 25% stake in HDFC life, a JV between HDFC and Standard Life,
to raise Rs6000 crore in early FY17.
The JV partner
Standard Life already plans to raise stake up to 35% in the company.
· Cairn India to invest Rs1,400
crore to raise capacity
Cairn India is
set to expand its crude oil and natural gas carrying capacity by laying a new
gas pipeline from its Barmer (Rajasthan) field with an investment outlay of
Rs1,400 crore. With this expansion crude oil output would be expanded from
200,000 bopd (barrels of oil per day) to 300,000 bopd and natural gas carrying
capacity from 6.3 mmscfd (million standard cubic feet per day) to 40 mmscfd.
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