TOP CORPORATE NEWS - 30 DEC 2015

Dr. Reddy's announces relaunch of Esomeprazole Magnesium Capsules

Dr. Reddy's Laboratories Ltd has announced the relaunch of Esomeprazole Magnesium Delayed-Release Capsules, the generic version of Nexium in the US market. The re-launch is due to change in the capsule color.

Torrent Pharma gets USFDA nod for pain killer Celecoxib

Torrent Pharma gets USFDA nod for pain killer Celecoxib – Positive

The stock opened at Rs1478.90 marking days low at Rs1466.10 and hit an intraday high of Rs1478.90 on NSE so far.

Bosch suspends manufacturing operations at Bangalore

Bosch announced that with a view to adjust production to meet the demand for products and to avoid unnecessary buildup of inventory, the company is suspending all manufacturing operations at its Bangalore plant and Bidadi plant for two days on 30 and 31 December 2015. There is no financial impact on account of the proposed suspension of operations.

IDBI Bank gets Rs2, 229 cr capital infusion from Govt

IDBI Bank gets Rs2, 229 cr capital infusion from the Govt at Rs75.28 per share

The government has infused Rs2, 229 crore into IDBI bank by way of preferential allotment of shares at a price of Rs75.28 per share.

Tata Power subsidiary refinances term loan of Rs3, 864 crore

The Tata Power Company’s subsidiary Coastal Gujarat Power has refinanced its term loan of Rs3, 864 crore, which will reduce the interest burden by Rs77 crore a year for the company.

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