• 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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