• Market is expected to open on flattish note and may improve during the day. • Jayshree Chemicals Ltd has approved sale of the Company’s Chlor Alkali business, comprising of manufacturing facilities at Ganjam, Odisha and Salt Works in Andhra Pradesh to Aditya Birla Chemicals (India) Ltd for a cash consideration of Rs. 212 Crores • Cipla announces a commercial collaboration with S&D Pharma to enter Czech Republic and Slovakia with affordable high quality alternatives • Pennar Industries and Subsidiaries receive orders worth Rs. 132 crores • NSE will introduce five companies, SKS Micro finance, TVS Motor Company Eicher Motors, Motherson Sumi Systems and Mindtree , in the future and option segment from Wednesday September 10, 2014 . • Airtel sells 3,500 towers to Eaton in Africa. Valuation of the deal could be between Rs 1,400 crore and Rs 3,500 crore • Bhushan Steel to raise around Rs 1,000 crore from sale and lease-back of critical assets to reduce its Rs 40,000 crore debt burden. • Tata Power may soon divest over $1 bn stake in Indonesian mines. The remaining 25% stake in the coal mines could be valued at a little over $1 billion (Rs 6,000 cr) • Venus Remedies Limited, has entered into a distribution-cum-outlicensing agreement with Mylan, the worlds third-largest generic drug manufacturer, for marketing its generic broad-spectrum antibiotic ‘Meropenem’ in three European countries -- Denmark, Sweden and Finland — for five years. Meropenems global annual generic sales stood at $1,879 mn in 2012 • Apollo Tyres gets EU nod for euro 442.2 m state aid for new plant in Hungary
Posted on: Tue, 09 Sep 2014 05:24:50 +0000
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