TOP CORPORATE NEWS - 07 OCT 2015

·  Glenmark Pharma barred from selling anti-diabetes drug

Glenmark Pharmaceuticals was today barred by the Delhi High court from making, marketing or selling its anti-diabetes medicines Zita and Zita-Met. It will not impact much as Glenmark has recently launched another diabetes drug Teneligliptin.

·  Jubilant Life receives ANDA approval for Indomethacin ER Capsule

 Jubilant Life Sciences Ltd has submitted to BSE a copy of Press Release dated October 07, 2015 titled 'Jubilant Life Sciences receives ANDA approval for Indomethacin ER Capsule'.

                                                                                                                                                                                                                                                        

· Borosil Glass invests Rs1.78 crores in Borosil Afrasia FZE

Borosil Glass Works Ltd has informed that the Company has made an investment of Rs. One million Dirhams, equivalent to approximately Rs1.78 crores by way of subscription in one additional share of Borosil Afrasia FZE, in its wholly owned subsidiary in UAE, Dubai.

                                                                                                                                                                                                                                                        

·  Arvind argets Rs250 crore revenue from Tresca in five years

Arvind Ltd targets Rs250 crore revenues from premium brand Tresca in five years. Arvind Ltd is aiming to make its premium fabric brand Tresca a Rs250 crore business by 2020, a fivefold jump from its current size, as the textile company pushes Indians to take to customised clothing. On Tuesday, the brand launched two new ranges of premium shirting fabrics, called Immaculate and Tencel. While the former falls in the non-iron category, the second is a cotton and tencel blend.

· Government embarks on global road shows at four locations

 Government has embarked on global road shows at four locations, to attract investments for NTPC and BEL – Stock to be remain under focus though pricing of the issue would be a hangover for the both the stocks.

                                                                                                                                                                                                                                                    

· Bharti Airtel may buy Aircel’s 4G spectrum

Bharti Airtel may buy Aircel’s 4G spectrum in a bid to close the gap with Reliance Jio: As per media reports, Bharti Airtel has held initial talks to buy Aircel's 4G airwaves in the 2300 Mhz band as the country's leading telco looks to expand its high-speed broadband footprint, and close the gap with Reliance Jio Infocomm, which holds pan-India airwaves.  

                                                                                                                                                                   

· L&T with Samsung Techwin bags Rs4,875-crore order

L&T in with Samsung Techwin bagged a Rs4,875-crore order for supplying the Indian Army with 100 self-propelled (SP), tracked howitzers – Positive for L&T .Larsen & Toubro (L&T), in partnership with Korea’s Samsung Techwin (STW), has bagged a Rs 4,875-crore ($750 million) order for supplying the Indian Army with 100 self-propelled (SP), tracked howitzers, as per media reports.

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