SBI: State Bank of India has initiated a proposal to acquire UTI Mutual Fund and merge it with its asset management arm SBI Mutual Fund, three people familiar with the state-run banking behemoths plans have told ET. Adani Power & Lanco Infratech Ltd: Five months after the formal announcement, Adani Powers Rs 6,000-crore acquisition of Lanco Infratechs 1200-mw thermal power plant in Udupi seems to have run into rough weather and delays. Maruti Suzuki Ltd: The countrys largest carmaker Maruti Suzuki India hiked prices of its vehicles by up to Rs 31,600 following the expiry of excise duty concessions extended to the auto sector. Tata Motors Ltd: Jaguar Land Rover said on Tuesday it was awaiting word on the fate of 1,200 luxury vehicles aboard a 51,000-tonne car transporter ship that has run aground in the English Channel. Jubilant Life Sciences Ltd: Drug firm Jubilant Life Sciences has received final approval from the US health regulator for generic anti-hypertensive Valsartan tablets and the company plans to launch the product immediately. Aurobindo Pharma, Lupin Ltd: Three domestic firms, Aurobindo Pharma, Lupin and Jubilant Life Sciences, have received final approval from US health regulator to sell generic copies of Valsartan tablets used for treatment of hypertension. Tech Mahindra Ltd: In a relief to IT firm Tech Mahindra, the High Court of Judicature here dismissed a petition filed by Enforcement Directorate (ED) challenging the courts earlier decision of issuing stay orders on agencys attachment of fixed deposit worth Rs 822 crore belonging to the company. Coal India Ltd: Trade unions across the country began a five-day coal industry strike, which is likely to affect production of up to 1.5 million tonnes a day and fuel supply to power plants. The strike call, for the biggest industrial action for any sector since 1977, has been given by the five leading trade unions of the country including BJP-backed Bharatiya Mazdoor Sangh
Posted on: Wed, 07 Jan 2015 03:30:37 +0000
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