9 Mar 2017

Partners with Facebook

In the private sector, the board of TCS has approved the repurchase of 56.1million shares for about $24bn, at a maximum price of Rs.2800. This is the biggest ever share repurchase in Indian history. The board of Infosys, considering a similar move, has initiated an amendment to the company’s Articles of Association which do not currently allow such a move.  Shemaroo Entertainment has contracted to provide content to VIU for its view on demand (VOD) service available through its website or iOS and Android apps. The company is also partnering with Facebook to launch a live music web show. Lupin’s Japanese subsidiary has agreed exclusive distribution rights with Astellas Pharma Inc. for its quetiopene fumarate extended release tablets in Japan. The company has also received USFDA approval for generic sodium, potassium ad magnesium sulfate used in colonoscopy.

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