Vedanta said NGT has set aside the Tamil Nadu’s government order of closing its copper smelting plant. Tribunal found the order to be “unsustainable” and asked the state government to pass renewed offer of consent within 3 weeks.
Larsen & Toubro stock in focus today. MMRDA terminates contract with joint venture of company and SCOMI Engineering for their failure to fulfil obligations. The authority will encash Rs200cr bank guarantee given by the joint venture company.
Fortis Healthcare said Supreme Court order does not impact the preferential allotment made to IHH.
Jet Airways stock in focus. SBI orders forensic audit of Jet’s books for period between April 2014 and March 2018. In another development, as per media reports, that Nikos Kardassis who was in an advisory role at the airline has quit.
Balrampur Chini Mills expects the cost of sugar to be around Rs31 per kg at EBIT level for the 2018-2019 season.
Bharti Airtel board to meet on December 20 to consider various fund-raising options
Andhra Bank increases its MCLR by 5bps across various tenors with effect from December 15.
Cadila Healthcare received USFDA approval to market Albendazole tablets.
Reliance Industries says Reliance Jio to not be impacted by TDSAT’s ruling against TRAI’s predatory pricing order.
Solara Active Pharma Sciences’ research centre at Chennai receives zero observations on Form 483 from USFDA.
Infosys to divest stake in CloudEndure for $15.3 mn or Rs110cr.
Vodafone Idea clarifies on report on Telecom Tribunal setting aside TRAI’s predatory pricing issue.
NTPC acquired Barauni Thermal Power Station (720 MW) in district Begusarai, Bihar from Bihar State Power Generation Company Ltd.
IL&FS Engineering and Construction Company received a letter from Maharashtra Metro Rail Corporation Limited informing the company of the decision of the competent authority to terminate the contract for construction of seven elevated metro stations, and three at-grade stations (North South Corridor) of Nagpur Metro Rail Project.
Dilip Buildcon subsidiary DBL Rewa Sidhi Highways Private Limited received the appointed date i.e. December 14, 2018 by the National Highways Authority of India.
Datamatics Global Services is set to demerge and separately list Lumina Datamatics.
Canara Bank board to hold meeting on December 19 for raising funds via additional Tier I Bonds.
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