DSIJ Mindshare

Issues like OPEC’s production cuts and US sanctions on Iran and Venezuela were eclipsed by concerns of an economic slowdown in the US combined with increased inflation expectations. These concerns were a result of bearish statements coming from the Federal Reserve, which led the 10-year treasury yields to touch their lowest levels since early 2018.

Caplin Steriles, a 100 per cent subsidiary of Caplin Point Laboratories has received final approval by the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Glycopyrrolate injection USP.

Power Finance Corporation (PFC) signed a share purchase agreement for the acquisition of 103.94 crore shares of Rural Electrification Corporation (REC) which constitutes 52.63 per cent of the paid-up share capital from the President of India. The acquisition is set to take place at a cash consideration of Rs. 139.50 per share with the total cost of acquisition coming to Rs. 14,500 crore. REC’s closing price on March 19, 2019, was Rs. 148.40 per share.

State Bank of India (SBI) will auction non-performing assets worth Rs. 6,169 crore to asset reconstruction companies (ARCs), banks and NBFCs between March 22 and 30, 2019

Real estate major DLF Home Developers Limited (DHDL), a wholly-owned subsidiary of DLF announced has entered into a joint venture with Green Horizon Trustee (an affiliate of HINES) for the development of a high-end commercial project in Gurugram.