TOP CORPORATE NEWS- 17 Mar 2016

Biocon inks deal with Mexican Co PiSA

Pharma major, Biocon said that though its wholly owned subsidiary Biocon SA, it has entered into a co-development and commercialization agreement with Laboratories PiSA.

The Company through its wholly owned subsidiary Biocon SA, has entered into a co-development and commercialization agreement with Laboratories PiSA S.A. de C.V (PiSA) of Mexico for generic recombinant human insulin (rh- insulin) for the US market.

HPCL surges on hike in petrol, diesel

Shares of Hindustan Petroleum Corporation (HPCL) rose nearly 4% to Rs764.95, after the petrol and diesel prices were hiked on Wednesday.The retail selling price of petrol is increased by Rs3.07/litre and diesel by Rs1.90/litre at Delhi (including state levies) with corresponding price revision in other states.

Financial Tech completes 13% stake sale in DGCX

Financial Technologies said that it has exited from Dubai Gold and Commodities Exchange (DGCX) by selling its 13% stake in the bourse to Dubai Multi Commodities Centre (DMCC).

Financial Technologies (India) Ltd (FTIL) today concluded the transaction relating to sale of its 13% stake in DGCX to Dubai Multi Commodities Centre (DMCC), a Government of Dubai enterprise.The deal concluded after it got an approval from the Reserve Bank of India (RBI) on March 4.

IRB Infra gets SEBI nod for IRB InvIT Fund

Road developer IRB Infrastructure Developers Ltd said that it has received the Securities and Exchange Board of India’s (Sebi) approval to launch an infrastructure investment trust (InvIT).Sebi has granted the certificate of registration in terms of Regulation 6 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to IRB InvIT Fund to which the Company is a Sponsor.

TCS launches peer-to-peer mobile payment solution with DNB, TCS announced the successful launch of Norway’s first peer-to-peer mobile payment solution with DNB, the largest financial services group in Norway.Dubbed Vipps, DNBs peer-to-peer mobile payments application is not just for account holders of DNB, but can be used by any consumer.

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