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News that mattered during the week

Fortis received unsolicited binding offer from Hero Enterprises and Burman Family to invest Rs1,250cr through preferential allotment.\

Thyssenkrupp says due diligence for Tata Steel joint venture almost completed; expect decision on it by June-end.

Vedanta chairman commits to ramp up Zambia operations.

Boeing signed partnership with M&M HAL for fighter jets.

HCL Technologies, Sumeru Equity partner to aquire Actian Corp in an all cash deal worth $330 million.

Tata Motors group global wholesales up 18% (yoy) at 1.53 lakh units in March.

Biocon says Mylan partnered with Fujifilm Kyowa to commercialise Adalimumab biosimilar in Europe.

Airtel partnered with Balaji Tele unit for digital content.
GMR to set up defence manufacturing hub at Krishnagiri, Tamil Nadu.
Indian consortium of BPCL, IOC and HPCL signed MoU with Saudi Aramco to jointly develop and build refinery complex at Ratnagiri, Maharashtra.

Fortis Health gets revised offer from Manipal Health Group after opposition from minority shareholders.

Mahanagar Gas promoter BG Asia Pacific Holdings Pte is looking to sell up to 12.5% stake in the company.

Infosys Ltd. partnered with communications services provider Calix to develop and deliver new software modules and services.

Lemon Tree Hotels signed contract to operate 120 room hotel in Vijaywada that is expected to be operational by March 2021.

Axis Bank board has accepted Shikha Sharma’s request to shorten her new three-year term till December 2018.

Wipro said net income to see 65-75 basis points impact in fourth quarter as one of its client filed for insolvency.

RBI allowed raising FPI limit in Future Supply Chain to 49% from 24%.