BS Reporter
BS Reporter
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Odisha mulls cancelling water allocation of flippant units
A final decision on de-allocation is likely to be taken after the state's investment promotion agency submits a report on non-serious industrial units
Blue Star to invest Rs 150 cr for new plant in south
The plant location would be finalised by September this year
 "Blue Star to invest Rs 150 cr for new plant in south")
MRPL commissions polypropylene unit
Plant has capacity to produce 440,000 tonnes per annum
Microsoft Ventures launches initiative to help corporates engage with start-ups
To start with, Innovation for Corporates Initiative will offer three programmes including Market Access Programme, Partner in Acceleration and High Performance programmes
HealthifyMe raises second round funding
Angel investors include Gopal Srinivasan, Sashi Reddi, Amit Gupta and others
 "HealthifyMe raises second round funding")
Medivir announces research partnership with GVK Bio
Swedish pharma major seeks to focus on its core areas of oncology and infectious diseases within the discovery research department
 "Medivir announces research partnership with GVK Bio")
Techno-social business incubator Aashray to focus on creating affordable services
Another project where is to bring down cost of diagnostics by several times
 "Techno-social business incubator Aashray to focus on creating affordable services")
Intas becomes first global company to launch a biosimilar version of Lucentis
Launches Razumab or biosimialr of ranzibizumab, a medication given by injection into the eye, at three-fourth the price of Lucentis
 "Intas becomes first global company to launch a biosimilar version of Lucentis")
Mauritius assures India about disallowing shell companies
We want investors from India who come to Mauritius to add substance to what they do, says Mauritius Finance Minister
 "Mauritius assures India about disallowing shell companies")
Rupee ends at 1-month high; bond yields fall to 3-week low
The yield on the new 10-year bond ended at 7.71 per cent on Friday, compared with the previous closing level of 7.76 per cent
 "Rupee ends at 1-month high; bond yields fall to 3-week low")
Kharif sowing shows signs of revival, but still a long way to go
Less acreage for coarse cereals keeps total area sowed less than 2014
 "Kharif sowing shows signs of revival, but still a long way to go")
Tamil Nadu slaps showcause notice on Greenpeace India
The home ministry had initiated legal proceedings against it on charges of not adhering to the Foreign Contributions Regulation Act
 "Tamil Nadu slaps showcause notice on Greenpeace India")
 "RBI fixes rate of interest on FRB,2020")
Irdai asks TPAs to keep out of settling claims, soliciting biz
Officials in the sector said several TPA services were terminated by companies after discovering fraudulent practices
 "Irdai asks TPAs to keep out of settling claims, soliciting biz")
Rains force Mumbai to stay at home
Might remain submerged over the weekend; India Inc reports high absenteeism
 "Rains force Mumbai to stay at home")
Delinquency in retail loan sector has come down: CIBIL
Housing loans fell sharply to 0.57% from 1.46% as at the end of 2010
 "Delinquency in retail loan sector has come down: CIBIL")
RBI ready to issue new licences for small payments banks
RBI is introducing norms for the RRBs and cooperative banks that are in line with the norms for banks
 "RBI ready to issue new licences for small payments banks")
FTIL sells 16.6% stake in IEX for Rs 357-cr
Deal pegged at Rs 357 crore
 "FTIL sells 16.6% stake in IEX for Rs 357-cr")