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21 September, 2018 3:49 AM Yes Bank falls over 20% after RBI reduces CEO Rana Kapoor's term

Rating agency Moody's retained Yes Bank's outlook at "stable". Shares of Yes Bank dropped over 20 percent in the opening trade after the Reserve Bank of India (RBI) shortened Rana Kapoor's term as CEO and Managing Director. The stock opened 10 percent down from its previous day's close but lost further in early trade. The company said on September 58

20 September, 2018 3:41 PM Retailers federation supports Bharat bandh on September 28

The Federation of Retailer Association of India (FRAI) Thursday announced its support for the Bharat bandh announced by small retailers and traders associations on September 28 to protest against the Flipkart-Walmart deal. The FRAI, which claims to be representative body of around four crore micro, small and medium retailers, has appealed to the government 61

19 September, 2018 3:06 PM Hike In Pay For Anganwadi, Asha Workers To Be Effective Next Month

The Union Cabinet Wednesday approved an increase in the honorarium for Anganwadi and Asha workers which will become effective next month. Anganwadi workers receiving Rs 3,000 per month will now get Rs 4,500. Similarly, those at mini-Anganwadi centres receiving Rs 2,200 per month will now get Rs 3,500. The honorarium for Anganwadi helpers has also been increased 53

19 September, 2018 5:56 AM Strides Pharma Science plunges 5% after 3 observations from USFDA for Bangalore unit

Shares of Strides Pharma Science plunged 5.6 percent intraday Wednesday after company received three observations from the USFDA. The formulations facility in Bangalore recently underwent pre- approval product inspection by the USFDA. The inspection ended on August 25, 2018 and the company has been issued a Form 483 with 3 observations. The company believes 38

18 September, 2018 2:20 PM Almirall gets European Commission approval for psoriasis drug

Sun Pharma said Spanish firm Almirall has received approval from the European Commission (EC) for Ilumetri, a drug used for treating psoriasis. In July 2016, Sun Pharma out-licensed Ilumetri (tildrakizumab) to Almirall, for the development and commercialisation of the product in Europe. "As indicated by Almirall, rollout of Ilumetri in Europe will start 56

18 September, 2018 9:34 AM Â IDBI Mutual Fund seeks regulatory nod for dividend yield scheme

IDBI Mutual Fund has sought the Securities and Exchange Board of India's approval to launch IDBI Dividend Yield Fund, as per the draft offer document on the market regulator's website. The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity related instruments of dividend yielding companies, and up to 35 percent 42

18 September, 2018 9:33 AM Military Equipment Worth Rs 9,100 Crore Gets Defence Ministry Nod

The procurement will include two regiments of Aakash missile systems, officials in the Defence Ministry said. The Defence Ministry has given its approval for the procurement of military equipment and weapons worth Rs 9,100 crore, officials said today. The procurement will include two regiments of Aakash missile systems, they added. The acquisition proposals 63

18 September, 2018 5:07 AM Aurobindo Pharma shares gain over 1% on SAHPRA approval for HIV drug

Aurobindo Pharma share price gained more than a percent in morning on Tuesday on receiving approval from South African health regulator for latest fixed dose triple combination tablets. "Company has received approval from the South African Health Products Regulatory Authority (SAHPRA) for its Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate 52

17 September, 2018 12:53 PM Microsoft-GitHub Acquisition to Get EU Antitrust Ruling by October 19

EU antitrust regulators will decide by October 19 whether to clear US software giant Microsoft's $7.5 billion (roughly Rs. 54,300 crores) acquisition of privately held coding website GitHub. Microsoft, which wants to acquire the firm to reinforce its cloud computing business against rival Amazon, requested European Union approval for the deal last Friday 67

17 September, 2018 12:22 PM GCPL board approves bonus share allotment

FMCG major Godrej Consumer said that a board committee has approved allotment of one bonus equity share for every two equity shares held by company shareholders. The Godrej Group firm will allot 34.07 crore fully paid-up bonus equity shares to existing shareholders, according to a BSE filing. "The Management Committee of the Board of Directors, at its meeting 45