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News that are important during the week

  1. SBI and Union Bank are said to be exposed to $1.8 billion PNB fraud case
  2. Allahabad Bank’s exposure at about Rs 4,000 crore in PNB fraud case
  3. Union Bank’s exposure at about Rs 1,000-2,000 crore in PNB fraud case
  4. Axis Bank’s exposure at about Rs 2,000-3,000 crore in the PNB fraud case
  5. IDBI Bank sells entire 30 percent stake in NSDL e-Governance infrastructure
  6. 8K miles launched proprietary Blockchain platform 8K Health Edge
  7. Mahindra and Mahindra to invest Rs 176 crore in Zoomcar India for approx. Eyes 16 percent stake in the company
  8. Idea Cellular board meeting on Feb. 21, 2018 to approve QIP issue price
  9. Sun Pharma said it will miss FY18 guidance marginally
  10. Torrent Power signed a pact with Siemens Gamesa to set up 120 MW wind power project
  11. Lloyd board approved restructuring plan to issue shares, bonds to certain lenders and promoters
  12. Indiabulls Real Estate to finalise options for selling its residential and commercial property in Chennai
  13. Idea Cellular raises Rs. 3,250cr through preferential allotment to promoters
  14. Bank of Baroda to exit South Africa amid probe over Gupta ties
  15. Fortis Healthcare seeks extension till Feb. 28 to announce Q2, Q3 results
  16. CG Power to sell Hungary business (excluding switchgear business) for 38mn euros. Deal expected to be completed by Mar. 31
  17. ONGC led consortium of Indian state oil firms has been awarded 10% stake in Abu Dhabi’s offshore Lower Zakum Concession for US $600mn
  18. Cadila Healthcare’s Moraiya facility successfully completes U.S. FDA inspection
  19. 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
  20. Tata Motors Group global wholesales at 114,797 in January 2018