BS Reporter
BS Reporter
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J&K Bank reduces MCLR to 8.75%
The cut in MCLR will benefit the borrowers as this will reduce the cost of funds
MAN Trucks appoints Joerg Mommertz as CMD
He has around 36 years of diversified management experience
 "MAN Trucks appoints Joerg Mommertz as CMD")
Dr Reddy's launches schizophrenia drug in the US market
Aripiprazole is a therapeutic equivalent generic version of Ablify tablets in the US market
 "Dr Reddy's launches schizophrenia drug in the US market")
Dipa Karmakar to return BMW
Lack of service centres & bad roads in Tripura make gift an unviable option
Cipla's Indore plant cleared by FDA
The clearance indicates the formal closure of the US FDA inspection conducted in July/August, 2015
 "Cipla's Indore plant cleared by FDA")
Asian Granito aims to increase capacity utilization to 80%
The company has spent around Rs 170 crore to acquire Crystal Ceramics Industries Private Limited
 "Asian Granito aims to increase capacity utilization to 80%")
Tata Motors to issue NCD worth Rs 500 cr
The company is offering the fifth series of its rated, listed, unsecured, redeemable, NCDs
 "Tata Motors to issue NCD worth Rs 500 cr")
Germany's Tristone Flowtech sets up its first plant in India
Plant to start running in Q4 of FY17; firm earmarks up to 3 mn euros for manufacturing facility and kick-starting operations
 "Germany's Tristone Flowtech sets up its first plant in India")
Note7 fiasco: Samsung likely to lose top position in premium handsets in India
According to estimates, 20 percent of Samsung's sales comes from the premium price segment
 "Note7 fiasco: Samsung likely to lose top position in premium handsets in India")
Dr Reddy's launches anti-epileptic medicine in the US market
The product is a generic equivalent of Lamictal ODT in the US; Lamictal ODT is a registered trademark of GSK group
 "Dr Reddy's launches anti-epileptic medicine in the US market")
Care24 eyes national presence in home healthcare
The company plans to take the patient count to around 2,500 per day from a current 700 per day
 "Care24 eyes national presence in home healthcare")
India Life Sciences Fund invests $6.2 million in Oasis
Funding to be used to open 20 more clinics in Bengaluru, Chennai and other cities during next five years
 "India Life Sciences Fund invests $6.2 million in Oasis")
 "Brands find it difficult to identify and partner a relevant ad-tech company")
 "The speed of technology change is a real and immediate challenge for CEOs")
 "Algorithms are taking centre stage in the race for competitive differentiation")
KWAN Entertainment, Telugu actor Daggubati set up JV for South Indian movies
JV will act as a platform for the exchange of creative talent among the regional film industries of respective states in the South
 "KWAN Entertainment, Telugu actor Daggubati set up JV for South Indian movies")
CBI conducts search in Repco Home Finance premises
Sources from the company said that the issue is related to a Rs 6 crore loan taken by Coimbatore-based Divya Agency
 "CBI conducts search in Repco Home Finance premises")
Sanjay Pattnaik named new president of FIMI
FIMI represents the interest of mines and mineral based industries and has over 400 members from across the country
 "Sanjay Pattnaik named new president of FIMI")
Sebi for tighter investment advisor oversight
Robo advisors to come under ambit, restriction on use of social media, ban on trail trading tips among suggestions
 "Sebi for tighter investment advisor oversight")