L&T in talks with Blackstone to sell Seawood shopping mall
L&T
in talks with Blackstone to sell its Seawood, Navi Mumbai based shopping mall,
for Rs 1200-1500 crore.
The
asset is being non-core asset for L&T, if the deal happens at a profitable
terms, this could be positive for L&T from asset monetization point of
view.
Asian Paints shuts operations at Rohtak facility Haryana
Asian
Paints operations at its paint manufacturing unit at Rohtak, Haryana, have been
shut down from February 19, 2016, due to agitation at IMT, Rohtak.
The
unit has manufacturing capacity of 2 lakh kilo litre per annum. The company has
not disclosed the quantum of product loss it will suffer due to plant shut down
and will do it in due course of time.
Lupin, Gavis to sell two drugs to fulfill US FTC condition
Lupin
and Gavis Pharmaceuticals LLC, which the Indian firm announced to acquire in a
USD 850 million deal last year, have agreed to divest two generic drugs as part
of the US Federal Trade Commission (FTC) requirement to complete the
transaction.
The
companies have agreed to sell rights and assets for two generic drugs to New
Jersey-based G&W Laboratories in order to settle charges that Indian firm's
proposed acquisition would likely be anti-competitive.
Government plans 49% FDI in insurance via automatic route
Government
plans 49% FDI in insurance via automatic route-Max India, Bajaj Finserv.
Government
is considering permitting 49% in FDI through automatic route in the insurance
sector to attract more overseas inflows.
Currently,
FDI up to 26% is permitted through automatic approval route and for FDI up to
49% FIPB approval is required. According to media sources, the government could
announce this decision in the forthcoming Budget.
Cadila gets approval for antibiotic drug Doxycycline
Cadila
Healthcare gets approval for antibiotic drug Doxycycline from Ahmedabad SEZ.
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