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Check out the most important news stories which captured the headlines at the corporate level in India and internationally.
- Biocon has bagged a MYR300mn (about Rs4.61bn) contract from the Ministry of Health, Malaysia, to supply recombinant human insulin formulations for a period of three years. (BL)
- Natco Pharma said the US health regulator has made six observations after the completion of inspection of its Kothur formulation facility in Telangana. (BL)
- Heineken International is caught in a bind as it is unable to remove chairman Vijay Mallya from its Indian joint venture United Breweries despite owning a higher stake. The beleaguered billionaire is causing reputational risks to United Breweries due to his legal battles with lenders and investigation by government agencies for misappropriation of funds. (ET)
- Atlanta has secured a Rs12.92bn road project in Gujarat from the National Highways Authority of India (NHAI). (BL)
- Jubilant Life Sciences has received ‘Responsible Care 14001:2013 certification’ under the American Chemistry Council’s Responsible Care programme for its corporate office in Noida and for its manufacturing Unit in Gajraula. (BL)
- Tata Steel will acquire 51% stake of Creative Port Development Pvt (CPDPL), a move that may optimise in-bound and out-bound supply chain for its steel plants. (BL)
- The Board of Directors of Multi Commodity Exchange Ltd took a decision to appoint a forensic auditor for software provided by ODIN. The vendor company is owned and operated by 63 Moons Technologies Ltd, which was earlier known as Financial Technologies India Ltd (FTIL). (BS)
- SRS Ltd is in talks with multiplex operators including INOX and private equity players to sell its cinema business. (ET)
- Wipro signed an agreement to acquire InfoSERVER SA, an IT service provider focussed on the Brazilian market for USD8.7mn. (BS)
- Delhi High Court sought the responses of the Centre and Directorate General of Foreign Trade (DGFT) on a plea by Cairn India Ltd challenging a single judge order dismissing its petition for exporting its share of crude oil from Barmer oil field in Rajasthan. (ET)
- Mezzion Pharma has filed a suit against Dr Reddy’s Laboratories (DRL) in a US court. It has alleged the supplier had committed fraud by hiding significant deficiencies in the Current Good Manufacturing Practice, or CGMP, regulations enforced by the US health regulator. (BS)
- NTPC Ltd has raised EUR500mn through overseas bonds sale that perhaps may be the first longest tenor euro-denominated issuance by an Indian company. (BS)
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