Yes Bank stock in focus as board meets today to shortlist names for new chairman for RBI’s approval and also consider the appointment of independent directors.
DLF’s board approved QIP of 17.3cr equity shares. Saurabh Chawla, Group CFO resigned, while Ashok Tyagi (who was the CFO till December 2017) will be the new group CFO.
Indian Oil’s board meet today to consider and approve buyback of equity shares and interim dividend.
Lupin announced that European Union’s General Court upheld European Commission’s decision in Perindopril litigation.
Sun Pharma’s Taro received tentative ANDA approval for Dapsone by the USFDA.
Pricol signed a joint venture agreement with Israel-based mobile resource management company ‘Pointer Telocation’ to provide digital telematic solutions to both OEM and after-market segment players in India and other countries in South East Asia.
Strides Pharma Science Singapore arm received USFDA approval for Lidocaine Ointment, which is used to numb the skin.
Sadbhav Engineering received appointed date from NHAI for EPC project worth Rs981cr in Uttar Pradesh.
Soril Infra Resources said that the company has initiated the process to foray into financial services business with primary focus in rural India. The company has started the necessary process of acquiring an existing NBFC.
United Bank of India increased interest rates on domestic term deposits for less than Rs1cr by 25 bps across various tenors. one-year term-deposit rate at 6.5%.
Punjab & Sind Bank to raise equity via QIP upto Rs500cr and issue bonds worth Rs1,500cr in next 12 months. To issue five crore equity shares to employees.
Infibeam Avenues’ board meet to consider strategic growth opportunities rescheduled to December 17.
Bandhan Bank said that the RBI allowed the bank to open 40 new branches.
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