IDFC
In talks to sell MF and broking units for Rs 600 Cr
Bain Capital , Warburg, Yes Bank and IndusInd said to have expressed interest
The AMC business had an AUM of Rs 66392 cr and PAT of Rs 58 cr in FY17
The Securities business had a PAT of Rs 29 cr in FY17
Economic Times Reports
INDIAN HOTELS
Taj Mansingh auction to begin on 19th June18 as per NDMC notice
NDMC - New Delhi Municipality Council
Potential bidders can submit bids starting from 18th May
The hotel is a 292 room five star hotel currently operated by IHCL
Mint Reports
CADILA HEALTHCARE
Zydus Gets final approval from USFDA for Methylprednisolone
Will be manufactured at formulations manufacturing facility at Moraiya, Ahmedabad
Also received final approval to market Cinacalcet Hydrochloride Tablets
Will be manufactured at facility at SEZ, Ahmedabad