Big news that made headlines during the week.
• SBI and Union Bank are said to be exposed to $1.8 billion PNB fraud case
• Allahabad Bank’s exposure at about Rs 4,000 crore in PNB fraud case
• Union Bank’s exposure at about Rs 1,000-2,000 crore in PNB fraud case
• Axis Bank’s exposure at about Rs 2,000-3,000 crore in the PNB fraud case
• IDBI Bank sells entire 30 percent stake in NSDL e-Governance infrastructure
• 8K miles launched proprietary Blockchain platform 8K Health Edge
• Mahindra and Mahindra to invest Rs 176 crore in Zoomcar India for approx. Eyes 16 percent stake in the company
• Idea Cellular board meeting on Feb. 21, 2018 to approve QIP issue price
• Sun Pharma said it will miss FY18 guidance marginally
• Torrent Power signed a pact with Siemens Gamesa to set up 120 MW wind power project
• Lloyd board approved restructuring plan to issue shares, bonds to certain lenders and promoters
• Indiabulls Real Estate to finalize options for selling its residential and commercial property in Chennai
• Idea Cellular raises Rs. 3,250cr through preferential allotment to promoters
• Bank of Baroda to exit South Africa amid probe over Gupta ties
• Fortis Healthcare seeks extension till Feb. 28 to announce Q2, Q3 results
• CG Power to sell Hungary business (excluding switchgear business) for 38mn euros. Deal expected to be completed by Mar. 31
• ONGC led consortium of Indian state oil firms has been awarded 10% stake in Abu Dhabi's offshore Lower Zakum Concession for the US $600mn
• Cadila Healthcare's Moraiya facility successfully completes U.S. FDA inspection
• Ajanta Pharma’s formulation facility at Dahej was inspected by U.S. FDA from Feb. 5-9. Form 483 was not issued by the FDA
• Tata Motors Group global wholesales at 114,797 in January 2018
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