CAPITALSTARS
DAILY CORPORATE NEWS
US FED finally announced rate hike of 25 bps
US FED finally announced rate hike of 25 bps along with dovish commentary indicating gradual and slow tightening in future – Ends uncertainty and consequently taken positively by equity markets globally; this is in line with our view that the volatility is more during run up to the event and market adjust quickly once the event plays out.
Aurobindo Pharma receives USFDA approval for Methylprednisolone
Aurobindo Pharma Limited has received final approval from the USFDA to manufacture and market Methylprednisolone Sodium Succinate Injection. Methylprednisolone Sodium Succinate Injection is a lyophilized product used in the treatment of various medical conditions viz allergic states, disorders etc.
HUL sign’s agreement with Mosons group to acquire Induleka
Hindustan Unilever has signed an agreement with Mosons group to acquire its flagship brand Indulekha for the consideration of Rs330crore payable after closure of deal and deferred consideration of 10% on the domestic turnover of the brand.
RCom, Vodafone to sign 3G intra-circle roaming agreement
Reliance Communications and Vodafone have inprinciple agreed to sign 3G intra-circle roaming agreements in five service areas. The deal will enable RCom to continue its 2G service by using Vodafone's spectrum in Bihar, West Bengal and Assam, where it has only 3G Spectrum.
Thomas Cook acquires Kuoni Travel
Thomas Cook (India) Ltd has informed regarding a Press Release dated December 17, 2015 titled 'Thomas Cook India Group announces successful closure of acquisition of Kuoni Travel (India) Private Limited'.
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