Tata Steel announced that it has executed definitive agreements for acquisition of the steel business of Usha Martin (UML) through a slump sale on a going concern basis. The closing of the acquisition is subject to fulfilment of various conditions under the agreements. At the closing, Tata Steel or any of its subsidiaries or affiliates may carry out this acquisition. The parties shall jointly work towards fulfilment of conditions precedent which are largely regulatory approvals required for the transfer of the business undertaking. All the employees pertaining to the steel business will transfer as part of the acquisition.

The steel business undertaking of UML inter-alia comprises of a specialized ~1.0 mtpa alloy based manufacturing capacity in long products segment based in Jamshedpur, a producing iron-ore mine, a coal mine under development and captive power plants. The acquisition is part of the overall strategy to build capability in long products and expand product offerings including high-value added products. The announcement was made on Saturday, 22 September 2018.

Biocon announced that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has issued a positive opinion recommending approval of Fulphila, a biosimilar to Amgen's Neulasta (pegfilgrastim). The CHMP positive opinion will now be considered by the European Commission. The decision on approval is expected by November 2018. Fulphila was approved by the US Food and Drug Administration (FDA) earlier this year and is the first FDA-approved biosimilar for Neulasta in the US Regulatory applications for Fulphila also have been submitted in Australia, New Zealand, Canada and several other countries. The announcement was made made after market hours on Friday, 21 September 2018.

In a separate announcement, Biocon announced that the US Food and Drug Administration (USFDA) conducted a periodic Current Good Manufacturing Practice (cGMP) inspection of the company's drug substance manufacturing site at Bangalore Campus from 17 - 21 September 2018. The weeklong audit concluded without any observations and no Form 483 was issued. The successful audit of this site reflects our strong commitment to cGMP compliance. The announcement was made on Saturday, 22 September 2018.

Reliance Industries said its telecom unit, Reliance Jio Infocomm, announced a 5-year partnership with India's leading broadcaster, Star India to unleash a new era in sports entertainment. Jio and Star will make all televised India-cricket matches available to users of JioTV and Hotstar in India. Reliance Industries signed an agreement in this regard with Star India. This partnership will cover T20, One Day Internationals (ODI), International Test Cricket, Premier Domestic Competitions of the BCCI. The announcement was made made after market hours on Friday, 21 September 2018.

ITD Cementation India has received LOA/LOI aggregating Rs 845 crore for upgrading of passenger terminal building and Airside facilities at Tiruchirapalli (Trichy) International Airport by Airports Authority of India. Development of Refit Jetty and Allied facilities at Port Blair by The Ministry of Shipping, Government of India for Andaman Lakshadweep Harbour Works. The announcement was made made after market hours on Friday, 21 September 2018.