US FDA approves Ranbaxy 's generic Lipitor -The drug will be manufactured by Ohm Laboratories -Allowed to make the tablets in 10, 20, 40, 80 mg strengths -Gets US FDA approval for Mohali plant -Ranbaxy declines to comment on US FDA approval
Oil companies cut petrol rates by Rs 0.65/litre (excluding tax) from midnight -To cut petrol rates by Rs 0.78/litre (including tax) in Delhi -Oil marketing companies to hike ATF prices by average Rs 2,417/kL from Thursday
IOC says -OMCs' daily under-recoveries hiked to Rs 452 crore from Rs 348 crore -Over-recovery of 65 paise/litre on petrol -Under-recovery on diesel at Rs 12.03/litre; up from Rs 10.17/litre -Companies closely monitoring internal petrol prices, rupee depreciation
Jet Airways -May review low cost carrier strategy to take on IndiGo -Top management meets to explore tiered structure -May look to abandon Konnect strategy of low-fare carrier -Exploring launching LCC instead of low-fare airline -LCC will operate on both domestic, international routes
MphasiS Q4 Net revenue at Rs 1,314 crore versus Rs 1,293.6 crore (QoQ) Net profit at Rs 183 crore versus Rs 194.8 crore (QoQ)
CBI issues notice to Dr Reddy's MD -Notice pertains to Chandrababu Naidu assets case -CBI wants details on tax benefits received by DRL
Dealers say -SEBI auctioned Rs 25,300 crore FII gilt investment cap -SEBI auctioned Rs 26,100 crore FII corporate bond limit -SEBI got 395 bids for FII gilt investment cap sale -SEBI got Rs 25,300 crore bids for FII gilt investment cap sale -SEBI got 340 bids for FII corporate bond investment cap sale -SEBI sets 115 bps cut-off on FII gilt investment cap sale -SEBI sets 67 bps cut-off on FII corp bond investment cap sale
RBI Sources -RBI has taken final view on RBS-HSBC deal -Have told RBS it should lock, stock & barrel asset sale -Deal should include sale of retail, wholesale assets
Other stocks and sectors that are in news today: -Watson launches Lipitor Generic in US and company in agreement with Pfizer till November 30, 2016 -2G Court: Reserves order on RK Chandolia bail plea till Thursday -A2Z Maintainence promoter pledges 7.73% of outstanding equity -Hindustan Dorr gets Rs 170 crore order from ONGC -Spanco transfers power distribution biz to step down subsidiary Spanco Nagpur Discom -HDIL sells off Eveready Industries plot at Turbhe for an Rs 42 crore loss; it had bought for Rs 115 crore
