Dr Reddy’s Laboratories: The company has inked a pact with Teva Pharmaceutical and an affiliate of Allergan Plc to buy a portfolio of eight abbreviated new drug applications (ANDAs) in the US for $ 350 million (around Rs 2,300 crore) in cash.
Coal India Ltd: The Board of Directors of Northern Coalfields Limited (“NGL”), subsidiary, at its meeting held on June 11, 2016 has considered and approved the buyback of 401827 fully paid equity shares of face value of Rs. 1000/- each from the members of the Company on a proportionate basis through tender offer (representing 22.62% of the total number of equity shares in the paid-up share capital of the Company) for an aggregate amount not exceeding Rs.948.72 crores (”Maximum Buyback Size”) being upto 25% of the paid-up equity share capital and free reserves as on financial year ended March 31, 2016, at a price of Rs. 23,610.04 per equity shares payable in cash.
Reliance Communications: The company is set to launch 4G services on its own across India in phases, starting mid-August from the key circles of Mumbai, Delhi, Kolkata, says report.
Tata Steel: Chief Minister of Odisha, Naveen Patnaik inaugurated the 100-bed Tata Steel funded Super Specialty Eye Care Hospital at Samarjhola village under Hinjilicut block of Ganjam district.
HDFC: HDFC has announced its plans to raise Rs. 1,000 crore from debentures to fund business growth model.
Canara Bank: The bank is set to raise Rs5bn this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, says report.
Intellect Design Arena Ltd: The company is reportedly planning to raise around Rs3bn.
SBI: The company has set up a crack team to prepare a framework for amalgamation of five associate banks with itself, says report.
PVR: The company has earmarked a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones, says report.
Vedanta: The company is reportedly planning to acquire coal mines via auctions.
Jet Airways: The airline has announced new direct flights from Mangaluru to Sharjah in UAE from August 7, says report.