Govt approves 100% FDI in defence, aviation sectors In a bid to soothe nerves of foreign investors shaken by the impending exit of RBI chairman Raghuram Rajan, the government on Monday approved 100% Foreign Direct Investment (FDI) in defence and aviation sectors. FDI limit for defence sector has also been made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959.
The government also approved up to 49% FDI in Private Security Agencies under automatic route and FDI beyond 49-74% will be permitted with government approval.
Cadila acquires two ANDAs from Teva Pharma major, Zydus Cadila has announced that its arm Zydus Worldwide DMCC has acquired two ANDAs from Teva that are being divested by Teva as a pre-condition to its acquisition of Allergan's generic business.
The company has strengthened its US portfolio with the acquisition of two ANDAs from Teva that are being divested by Teva as a pre-condition to its acquisition of Allergan's generic business.
Government likely to relax FDI norms in brownfield pharma companies Government likely to relax FDI norms in brownfield pharma companies; could allow 49% FDI via automatic route – Long term positive for the sector.
Government is considering a proposal to relax foreign direct investment (FDI) norms in existing pharmaceutical companies with a view to attracting more overseas inflows.
Coal India subsidiary Central Coalfields approves buyback of shares Coal India subsidiary Central Coalfields approves buyback of shares worth Rs1128 Cr.The street expects the step as positive indicator for buyback from Coal India- positive read thru for Coal India.
OIL, IOCL and BPCL sign agreement to acquire 23.9% shares of Rosneft Oil India led consortium of OIL, IOCL and BPCL have signed a definitive agreement to acquire 23.9% shares of Rosneft Oil Company.
Rosneft Oil Company is owner of Vankor and North Vankor field.
Cadila acquires two ANDAs from Teva Pharma major, Zydus Cadila has announced that its arm Zydus Worldwide DMCC has acquired two ANDAs from Teva that are being divested by Teva as a pre-condition to its acquisition of Allergan's generic business.
The company has strengthened its US portfolio with the acquisition of two ANDAs from Teva that are being divested by Teva as a pre-condition to its acquisition of Allergan's generic business.
Government likely to relax FDI norms in brownfield pharma companies Government likely to relax FDI norms in brownfield pharma companies; could allow 49% FDI via automatic route – Long term positive for the sector.
Government is considering a proposal to relax foreign direct investment (FDI) norms in existing pharmaceutical companies with a view to attracting more overseas inflows.
Coal India subsidiary Central Coalfields approves buyback of shares Coal India subsidiary Central Coalfields approves buyback of shares worth Rs1128 Cr.The street expects the step as positive indicator for buyback from Coal India- positive read thru for Coal India.
OIL, IOCL and BPCL sign agreement to acquire 23.9% shares of Rosneft Oil India led consortium of OIL, IOCL and BPCL have signed a definitive agreement to acquire 23.9% shares of Rosneft Oil Company.
Rosneft Oil Company is owner of Vankor and North Vankor field.
