TOP CORPORATE NEWS - 04 SEP 2015

·         Rajesh Exports bags export order

 Rajesh Exports has announced that the company has secured Rs1123 crores worth export order.

                                                                                                                                                                                                                                                        

·         Cipla announces second landmark acquistion in its history

Cipla has announced that its UK arm, Cipla EU has entered into definitive agreements to acquire two US-based companies, InvaGen Pharmaceuticals Inc., and Exelan Pharmaceuticals Inc. The transaction being subject to certain closing conditions, is valued at $550 million and will be an all cash transaction. The combined revenue from these transactions is over $200 million for the year ended Dec 2014 and over $225 million in LTM June 2015.

                                                                                

·         Maruti to take shareholder vote on Gujarat plant

Maruti Suzuki India, India's top-selling carmaker, will take shareholders' vote for a new manufacturing plant in Gujarat after receiving the pending government approvals, its chairman said today.

Maruti, controlled by Japan's Suzuki Motor Corp, needs to start operations at the plant in 2017 and it is on schedule to achieve that, R.C. Bhargava told an annual shareholders meeting.

·         NBCC secures total business amounting Rs388 cr

National Buildings Construction Corporation ( NBCC) has secured total business amounting Rs388 Cr from various clients in the month of August, 2015 – Positive read thru for NBCC

·         Lupin launches first ever Duloxetine 40mg capsule in US

Lupin launches first ever Duloxetine 40mg delayed release capsule in US, positive read-thru .Lupin Ltd has informed BSE regarding a Press Release dated September 03, 2015 titled 'Lupin launches first ever Duloxetine 40mg Delayed-Release Capsules in the US, which is the first and only Duloxetine formulation to become available in 40mg strength.

                                                                                                                                                                                                                                                    

·         Power Mech gets order worth Rs85.6 cr from IL&FS

Power Mech gets order worth Rs85.6 cr from IL&FS Tamil Nadu power company, positive.

                                                    

·         ONGC & RIL may see cut in gas prices

ONGC & RIL may see cut in the gas prices; price may fall below $4/mmbtu – Negative for ONGC, RIL. As per the media reports the government may reduce the price of natural gas next month by about 14%, dealing a potential blow to explorers Reliance Industries Ltd and Oil and Natural Gas Corp. Ltd.

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