Reliance Communications has decided to demerge its telecom tower business -Reliance Infratel. (BS)
Strides Arcolab has received the nod from the US Food and Drug Administration for the sumatriptan succinate injection, used to treat patients suffering from migraine attacks. (ET)
HCL Technologies has signed an outsourcing agreement worth US$110mn (~Rs5.1bn) with Singapore Exchange for five-years. (BL)
Godrej may transfer some of the landholdings held by its subsidiary Godrej Agrovet to another group firm for developing real estate projects. (ET)
At least four large public sector banks expect to set their base rates between 7.5% and 8.5%, the range indicated by the SBI. (BS)
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