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TOP CORPORATE NEWS- 10 SEP 2018

Corporate News

Tata Motors Group global wholesales up 14% YoY in Aug’18 driven by India sales

Jaguar Land Rover (JLR), the British luxury carmaker owned by Tata Motors Limited (TML), sold 1,07,030 vehicles globally in August 2018, up 14% yoy.
Sales were 16% higher compared to July 2018. The combined sales of Jaguar and Land Rover were 42,658 vehicles, 4% lower than that in August 2017 and 22% higher than that in July 2018.Written procedures are not for the cleaning and maintenance of equipment, including utensils, used in the manufacture, processing, packing, or holding of a drug product.
The responsibilities and procedures applicable to the quality control unit are not in writing.

Cyient advances after acquiring 86% stake in Cyient KK

Cyient announced that Cyient Australia, a wholly subsidiary of Cyient has acquired 86% in Cyient KK Japan (another subsidiary of the company), as per a BSE filing.
Subsequently, the stake of the company in Cyient KK, Japan is 14% as against the hitherto holding of 100%, the company added.
This transaction does not materially impact the consolidated financials of the company.

JSW Steel sees production rise by 8.3% yoy for the month of August 2018

JSW Steel Ltd saw production rising 8.3% yoy in August 2018 after reporting a 7.8% yoy increase in production in July 2018. Long steel products formed a significant part of this rise in production, higher 9.7% yoy as infrastructure spends seem intact. This brings the total production for 5MFY19 to 6.95mn tonnes (up 6.5% yoy), with 1.54mn tonnes for long steel products and 4.84mn tonnes for flat steel products.

Tata Global Beverages stock jumps 3% on restructuring plan

Shares of Tata Global Beverages were trading up 3% on Monday after restructuring its international operations in order to unlock synergies for the business, optimize costs and streamline operations.
As per the restructuring plan, company has merged units of the UK, Europe, Middle East and Africa with Canada, Australia, and Americas into a single unit, called the International Business Division. This would be a better cost efficiency, the company said in a press release to the exchanges on Monday.

Glenmark secures German approval for generic Fluticasone and Salmeterol inhaler

Glenmark Pharmaceuticals has said that it has received marketing authorization in Germany for Fluticasone/Salmeterol dry powder inhaler (DPI). This is a generic version of GlaxoSmithKline’s Seretide Accuhaler.
Fluticasone/Salmeterol is a combination product indicated in the treatment of asthma and chronic obstructive pulmonary disease (COPD).

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