² Aurobindo and Intas are among the final contenders for the UK and Irish portfolio of Israeli generics behemoth Teva, put up for sale to comply with European anti-trust regulations. (ET)
² Promoters of Doha Bank is in exploratory talks to acquire a minority stake in Centrum Group as part of the West Asian bank's plans to expand its India presence. (ET)
² Oswal group is in the process of selling its stake in listed broadcaster New Delhi Television (NDTV). (BS)
² Indian Oil Corp., also boosting its liquefied natural gas business, is lifting purchases of the fuel to take advantage of a price plunge amid a glut. (ET)
² In a move to counter Reliance Jio, Bharti Airtel has slashed 4G and 3G mobile internet charges by up to 80% to as low as Rs51/GB under a special scheme. (BS)
² Dr Reddy's Laboratories Ltd has launched Nitroglycerin sublingual tablets, a therapeutic equivalent generic version of Nitrostat (Nitroglycerin) sublingual tablets, in the US market. (BL)
² Vedanta's 1980MW Talwandi Saboo thermal power plant has become fully operational with the 660MW third unit starting commercial generation. (BL)
² A Centre's green panel has given environmental clearance to Reliance Industries for expansion of its jetty facility in Jamnagar, Gujarat, for handling chemical and petrochemical products at a cost of Rs7.50bn. (ET)
² Cadila Healthcare, Torrent Pharma & GSK Pharma are in a three-way race to acquire top-selling zinc-based multi-vitamin brand owned by Chennai based Apex Labs. (ET)
² PTC India Financial Services has entered into arrangements with scheduled commercial banks whereby the banks will issue letters of credit to project companies in the renewable energy space. (BL)
² Zee Entertainment Enterprises (ZEEL), confirmed that it was in advance level talks to sell its sports channel bouquet, which it operates under the Ten Sports brand. (BS)
² In a partial exit from Brazil, Shree Renuka Sugars Ltd (SRSL) is all set to hive off larger of the two plants of its Brazilian subsidiary Renuka do Brasil S/A (RdB). The move aims to reduce its consolidated debt burden by almost 50%. (BS)
² IDBI Bank has cut its stake in CARE to 3.40% from 6.12%. (BS)
Economy Updates
² Drugs Prices Control Order will be amended in the next 15 days to enable the regulator NPPA to fix prices of about 350 medicines whose market data is not available. (ET)
² The revised tax treaty with Mauritius, which allows India to tax capital gains on investments routed through the island nation, will tackle round tripping of funds and curb tax evasion. (BS)
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