Reliance Capital gains after Nippon Life increases stake
Reliance Capital rose over 3%, touching to Rs422.8, after Nippon Life Insurance signed definitive agreements to increase its stake in Reliance Life Insurance, a part of Reliance Capital from the existing 26% to 49%.
Mankind Pharma launches diabetes drug 'Dynaglipt'
Mankind Pharma has launched an anti-diabetic product 'Dynaglipt' targeting the middle class and rural diabetic patients. The product, which has been approved by Drug Controller General of India, is priced at nearly Rs 600 for 30 days therapy to a patient. Other gliptin-based diabetes medicines cost between between Rs1,000-1,500 for 30 days therapy.
Titan partners with HP to offer smart watches
Titan has partnered with HP Inc to offer a range of smart watches to be launched soon by the company – The development is positive for Titan as smart watch as a category has started gaining strong acceptance across segments and thus the partnership will enable Titan to drive growth.
Federal Bank trims base rate to 9.63% p.a.
Private-sector lender, Federal Bank said that it has reduced the base rate of the bank to 9.63% per annum effective from December 01, 2015.
Bank of India to raise Rs264.12 cr by selling shares to LIC
Bank of India (BOI) said it will raise capital by allotting two crore equity shares to LIC at a price of Rs264.12 crore.The bank will hold its Extraordinary General Meeting of the shareholders on December 1, to issue and allot these many shares to LIC.