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An inspired EPFO to step up its equity investment strategy New Delhi: The Employees’ Provident Fund Organisation (EPFO) has decided to expand its equity investment strategy to invest in blue-chip stocks outside of Nifty 50 and Sensex 30 stock indices but among top 100 in terms of market capitalisation,...

Livemint December 28, 2016

Railways plans highest outlay of Rs 1.35 lakh crore for FY18 New Delhi: Indian Railways plans to budget for highest ever plan outlay of Rs 1,35,000 crore (US$ 19.9 billion) for FY 2017-18, to invest in construction of freight corridors, improve connectivity to Kashmir and North-East region, upgrade signalling ...

Economic Times December 27, 2016

Abertis buys two Macquarie toll road assets for Rs1,000 crore Mumbai: Abertis Infraestructuras SA, a Spanish infrastructure firm, has agreed to buy two toll road assets in operation in South India from Macquarie Group for Rs 1,000 crore (US$ 147 million), which will help the Spanish infrastructure firm scale up...

Livemint December 26, 2016

Claris to sell Baxter its generic injectables business for US$ 625 million Ahmedabad: US-based Baxter International Inc has agreed to purchase the generic injectibles business of Claris Lifesciences Ltd for US$ 625 million (Rs 4,238 crore), which will provide Baxter with a pipeline of new drug applications, marketed portfol...

Livemint December 16, 2016

Carlyle set to acquire stake in vaccine maker Bharat Biotech Mumbai: Private equity firm Carlyle is expected to buy a minority stake in vaccine manufacturer Bharat Biotech, valued at Rs 200-300 crore (US$ 37-44 million), from existing investors such as ICICI Venture, International Finance Corporation (IFC) and...

Livemint December 16, 2016
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