Opening bell: Asian markets open mixed; Yes Bank, Glenmark in news
US stock close lower; Asia mixed
Govt eases norms for states to fund infrastructure projects
In a move that will potentially improve India’s infrastructure funding options, the cabinet on Wednesday allowed state government entities to directly tap bilateral agencies for resources, reports Mint.
Yes Bank, IndusInd bad loan provisions rise on exposure to Jaiprakash Associates
Private sector lenders Yes Bank Ltd and IndusInd Bank Ltd reported a sharp rise in their quarterly bad loan provisioning, eroding profits, after the Reserve Bank of India advised lenders to follow stricter standard asset provisioning and disclosure rules, reports Mint.
ITC aims to capture 18-20% of India’s juice market
ITC Ltd is looking to capture 18-20% of India’s juice market through its brand B Natural by focusing on regional flavours and offering premium versions of juices available in the market. Read more.
Glenmark receives USFDA nod for anticoagulant drug
Glenmark Pharmaceuticals Ltd has received a tentative approval from the US Food and Drugs Administration (USFDA) to sell the generic version of Pradaxa, a drug used to prevent blood clots, reports Business Standard. According to the report, the drug is estimated to have clocked annual sales of over $900 million last year.
Aurobindo Pharma gets six observations from US FDA for Hyderabad unit
Aurobindo Pharma Ltd has received six observations for its Unit III formulations facility in Hyderabad, reports PTI. The US FDA had conducted an inspection at the company’s unit III, a formulations manufacturing facility at Hyderabad this month.
Tata, Godrej, Adani show interest in buying Sahara properties
Several companies, including the Tatas, Godrej Properties, Adani and Patanjali, have shown interest in buying embattled Sahara group’s 30 properties estimated, reports PTI.
Hindustan Zinc, MindTree earnings today
Crisil Ltd, Hindustan Zinc Ltd, Mastek Ltd and MindTree Ltd are some of the companies that will release their earnings for the March quarter on Thursday.