News:
Ø Sanofi's Indian has acquired 1,50,000 sq ft of office space from L&T Realty at its new project in Powai, a suburb in Mumbai, for Rs. 220 Crs, making it the largest in deal value so far this year.
Ø Petronet LNG plans to raise Rs.600 Crs in debt to fund expansion of its Dahej LNG terminal in Gujarat.
Ø The 3,000 Mw Kaniha power station of NTPC continues to reel under acute coal crisis with the plant surviving on a coal stock of less than one day's requirement over the past one week.
Ø Bilcare Technologies, a subsidiary of listed Bilcare, has decided to sell around 26% stake to an strategic or financial partner to raise around Rs.200-300 Crs to fund its future growth and market its various products across the globe.
Ø The Department of Disinvestment is working on tweaking the offer-for-sale (OFS) mechanism for PSU stake sale by carving out a separate 5% category for retail investors.
Ø Cadila Healthcare had recently recalled select batches of its anti-depressant tablet medicine, venlafaxine hydrochloride, from the US market.
Ø Power Grid board approves 7 investment proposals worth Rs 3,451 Crs.
Ø Ashok Leyland okays merger of 4 subsidiaries.
Ø The State Bank of India (SBI), plans to raise up to $1 billion through five-year bonds next week to meet foreign currency requirements of Indian companies.
Ø Mahindra Holidays IPP. Opens and closes on April 9th. Price band Rs.255-265. To issue 41.41 lakh shares.
Ø Telecom min calls for revival of BSNL and MTNL. DoT also ask for Rs 23000 Crs bailout for these 2 company.
Ø Bajaj Auto Close to Launching India's First Quadricycle. The company to start production at its Aurangabad plant this fiscal; says talks with Renault-Nissan on track.
Ø Bank of Baroda revises interest rate on term deposits w.e.f April 6. Bank of Baroda denies allegations of illegal transfer of funds:
Key events for the day:
Ø Release of German Industrial Production data in Euro Zone.
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