Fairfax arrived at a valuation of Rs60-100 per share for picking up 51% stake in Catholic Syrian Bank as against the bank’s own estimate of Rs165-200 a share Source: Livemint.com…

S. S. Medical Systems, the manufacturer of microwave medical waste system OptiMaserTM, writes to ministries of health and commerce expressing concern that there is no category on the GeM platform…

Chinese firm Midea Group’s new facility will manufacture appliances like refrigerators, washing machines, water appliance products and is expected to generate 500 jobs over the next 5 years Source: Livemint.com…

Anil Agarwal’s Vedanta will spend $3 billion over the next three years to expand oil reserves and nearly double output from its largest field Source: Livemint.com (http://www.livemint.com/rss/industry)

Only 30% of the total hydropower potential of 149 GW in India has been developed so far, says the report by PwC-ASSOCHAM Source: Livemint.com (http://www.livemint.com/rss/industry)

GE Energy Financial Services’ investment will provide dry powder to RattanIndia Group to bid for future solar power projects Source: Livemint.com (http://www.livemint.com/rss/industry)

IRDA has identified LIC, ICICI Prudential, HDFC Standard Life, Bajaj Allianz, Kotak Mahindra and SBI Life as potential candidates to take over Sahara Life’s business Source: Livemint.com (http://www.livemint.com/rss/industry)

The board of directors of Axis Bank approves, allots 35,000 perpetual tier-I Basel III compliant non-convertible debentures aggregating Rs3,500 crore on a private placement basis Source: Livemint.com (http://www.livemint.com/rss/industry)

A new draft energy policy by Niti Aayog projects India’s power demand to go up more than four-fold by 2040 Source: Livemint.com (http://www.livemint.com/rss/industry)

A variant of the Petya ransomware hit operations at one of the three terminals at Jawaharlal Nehru Port Trust (JNPT) run by AP Moller-Maersk in Mumbai Source: Livemint.com (http://www.livemint.com/rss/industry)