Future Retail-Amazon deal likely in 10 days, in which Amazon will buy around 9.5 percent stake in Kishor Biyani-led company and both the parties are in advanced stage of talks for the deal.
Competition Commission of India Approves LIC’s Acquisition of up to 51 percent equity stake in IDBI Bank.
Lupin’s Ramesh Swaminathan resigned as the Chief Financial Officer of the company with effect from Dec.12. According to the exchange filing, he will pursue other responsibilities outside the pharmaceutical industry. He was the company’s executive director since 2015.
Srei Equipment Finance and Nordic Investment Bank signed a loan agreement for financing acquisition or leasing of industrial equipment designed or produced in the Nordic-region based bank’s member countries. The new loan program will be worth 20 million euro and has a maturity of eight years.
Axiscades Engineering Technologies arm won two key contracts worth $20 million. The first contract is with a Global OEM for a design to build test equipment and maintenance of strategic systems. The other contract is for building subsystems of full motion simulator.
Merck: Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers approved the acquisition of the biopharma business of the company to its arm ‘Merck Specialties Private Limited’ by way of slump sale.
Inox Wind signed a pact with AMSC for 3MW wind turbine in India. Currently the company has a license for 2MW range of wind turbines and stated in its press release that with this new agreement energy yields will improve also support the competitive tariff environment currently present under the auction regime in the country.
Orient Electric entered into a strategic partnership with Italy based De’ Longhi Group, in which three international premium small appliances brands will enter India namely De’ Longhi, Kenwood and Braun. The company will have exclusive rights to market and sell these brands in India.