IOC divestment: The Cabinet, at its next meeting next week, may approve the sale of 10 per cent of the government’s stake in Indian Oil Corporation, which may fetch over Rs 4,300 crore to the exchequer.     pti
Growth forecast: Nomura has revised downwards the country’s GDP forecast for this fiscal to five per cent, saying the rupee fall and the forex volatility leaves little room for the RBI to cut rates this fiscal.     pti
New drugs: Pharmaceutical firm Dr Reddy’s Laboratories has said it is working on six new drugs in different areas, including metabolic disorders and cardiovascular diseases, psoriasis and migraine.     pti
Stake sale: ICICI Venture, which holds close to two-third stake in Medica Synergie, is expected to exit the firm in the next three to four weeks, Medica Synergie chief executive officer Ayanabh Debgupta said.     pti
FMCG deal: India will continue to see merger and acquisitions and private equity activity within the FMCG sector both on a domestic and cross-border basis, according to a report by consulting firm PwC.     pti
Tata Power: Tata Power is eyeing local acquisition opportunities amid “stress” in the domestic sector. The company is also seeking to strengthen its footprint in the solar and wind power segments.     pti