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Friday, April 10, 2015

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IDFC to start banking operations from 1st October 2015
IDFC to start banking operations from 1st October  2015. Each shareholder in IDFC to get 1 share of IDFC Bank- positive.

Glenmark Generics gets ANDA approval
Glenmark Pharmaceuticals announced that Glenmark Generics Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration ( US FDA) for the oral contraceptive Levonorgestrel and Ethinyl Estradiol Tablets USP, 0.09 mg/0.02 mg, the therapeutic equivalent of Lybrel® of Wyeth Pharmaceuticals, Inc. (which is no longer being marketed in the United States).
     
IndusInd Bank to buy RBS's India jewellery financing business
IndusInd Bank said it would buy Royal Bank of Scotland's diamond and jewellery financing business in India and the related deposit portfolio. RBS's India diamond and jewellery financing loan book is about Rs45 billion ($721.7 million) in size, IndusInd said. It did not give a value for the deal.

Aurobindo Pharma gets USFDA approval for anesthesia drug
Aurobindo Pharma has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Atracurium Besylate injection in single and multi-dose vials.The market size of the drug is not immediately known, injectible being a niche segment, the company may gain significantly from this product.

Coal India likely to be permitted to sell coal through e-auction
As per media reports, coal India is likely to be permitted to sell an increased amount of its coal through e-auction, which is having better margin.The report suggests that Coal India will be allowed to sell up to 10% of coal through e-auction, against 7% in last year. Positive read through.

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