• Havells Lloyd launches ‘Grande Series’ of Air Conditioners.
• Glenmark Pharmaceuticals receives ANDA approval for Hydrocortisone Valerate Ointment USP.
• Jaguar Land Rover likely will announce plans early next year to cut thousands of jobs as part of a turnaround strategy.
• IL&FS Investment Managers Q2FY19 Loss at Rs 23 crore vs PAT of Rs 1.6 crore YoY. Income at Rs 25 crore vs Rs 27 crore YoY
• Solara Research Centre completes USFDA Inspection with Zero 483.
• Security and Intelligence Services has signed definitive agreements to acquire 51% sake in Uniq Detective and Security Services Pvt Ltd.
• Nikos Kardassis leaves Jet Airways casting a shadow on the plan.
• Cadila Healthcare has received tentative approval for pregabalin capsules, a generic of Lyrica.
• Aurobindo Pharma The US Food and Drug Administration has completed its scheduled inspection at the company’s unit-IV at Pashamailaram near Hyderabad with two observations.
• Arvind with eyes on high growth segments of building and construction and telecommunications, the company announced a collaboration with Italian pultrusion composite profiles maker, Top Glass Industries SpA.
• Reliance Industries says Reliance Jio not to be impacted by TDSAT’s ruling against TRAI’s predatory pricing order.
• Huhtamaki PPL withdraws its appeal before National Green Tribunal, with liberty to file a fresh appeal, if required, depending on Maharashtra Pollution Control Board’s review.
• Triveni Turbine: Buyback Committee has approved December 28 as the record date of the buyback.
• Canara Bank’s board to meet on December 19 for raising funds via additional Tier I Bonds.
• Future Consumer sold its stake in Amar Chitra Katha Private Limited for Rs 44.39 crore.
• Bharti Airtel to consider various fund-raising options on December 20.
• Fortis Healthcare says Supreme Court order does not impact the preferential allotment made to IHH.
• Andhra Bank has increased its MCLR by 5 bps across various tenors wef. December 15.
• Tata Sponge gets shareholder nod to increase borrowing limit and for issue preference shares to Tata Steel on a private placement basis.
• Larsen & Toubro: MMRDA terminates contract with a joint venture of the company and SCOMI Engineering for their failure to fulfil obligations.
• NTPC acquired Barauni Thermal Power Station (720 MW) in district Begusarai, Bihar from Bihar State Power Generation Company Ltd.
• SBI asks for forensic audit of Jet Airways’ books for the period between April 2014 and March 2018.
• Biocon: US FDA has successfully completed Telangana API facility inspection with no 483 observations.
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