Jet Airways: Loss-making carrier Jet Airways is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations, a source said.
Infibeam Avenues: The company said its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, has been terminated.
Aavas Financiers: The company has received fresh Refinance Assistance of Rs 400 Crores in addition to the approval of undrawn limit of Rs. 100 Crores pertaining to previous Year, in December 2018.
Cipla: Drug major Cipla is recalling 4,800 bottles of Nevirapine extended release tablets used for the treatment of human immunodeficiency virus (HIV) from the American market, according to a report by the US health regulator.
Bank of India: State-owned Bank of India on Saturday said the government has decided to infuse Rs 10,086 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen public sector lenders.
Fortis Healthcare: The company on Saturday said its statutory auditor Deloitte Haskins and Sells LLP has tendered resignation as the company’s largest shareholder Malaysian firm IHH prefers to align its auditors on a group wide basis.
Cadila Healthcare: Drug firm Zydus Cadila Saturday said it has received final nod from the US health regulator to market Clindamycin Phosphate and Benzoyl Peroxide gel, used in the treatment of acne.
Reliance Industries: Reliance Industries and its partner BP plc of the UK have brought a deepsea pipeline laying ship to their Bay of Bengal block KG-D6 to help bring newer gas finds to production by 2020-21, the British firm said.
InterGlobe Aviation: Budget carrier IndiGo has become the first domestic airline to have longer range Airbus A321neo plane in its fleet with the first aircraft arriving Saturday morning in New Delhi from the European aviation major Airbus’ Hamburg facility in Germany, an airline source said.
Coal India: The company has decided to supply 25 per cent of its planned production to the non-power sector, while the rest would be supplied to the ‘high-priority’ thermal power generators.
Bharti Airtel: Bharti Airtel, India’s No. 2 telecom operator, and third-ranked Reliance Jio Infocomm may pull ahead of current market leader Vodafone Idea in terms of revenue market share (RMS) by the end of 2019 on the strength of their superior 4G networks, according to analysts and industry experts, especially with the newly created telco expected to focus mainly on integrating two vast companies and their networks.