Torrent Pharmaceuticals said it completed its previously announced acquisition of the branded formulation business of Unichem Laboratories for India and Nepal, including its Sikkim manufacturing facility. The deal was signed on 3rd November, 2017. With this, Torrent has entered the list of top pharma firms in the Indian market. “From today, Torrent begins the Integration […]
The Indian stock markets are today expected to reflect the results of exit polls from the second phase of Gujarat state elections by the afternoon, even as television channels have to wait till the end of voting to show the results. Several channels, including Times Now, ABP and CNN News18 have tied up with pollsters […]
Glenmark Pharmaceuticals, a global pharmaceutical company, today announced that its nasal spray Ryaltris met safety and efficacy goals in a Phase 3 clinical study in treating perennial allergic rhinitis. With the positive results, the company said it plans to submit an application to the USFDA for treating seasonal allergic rhinitis in the first quarter of […]
PVR Cinemas, India’s largest cinema exhibition company, said it has decided to set up 16 new 4D theaters at its most popular theaters in Delhi, Gurgaon, Bengaluru, Mumbai, Chandigarh, Pune and other cities. The 4D theaters — which include moving seats and other effects — will be set up with the help of CJ 4DPLEX, […]
IT services provider Hexaware Technologies said it has become a Registered Business Partner of Pegasystems Inc. Pegasystems develops software for customer relationship management (CRM) and business process management (BPM) for a variety of industries such as financial services, utilities etc.. The tie-up will help Hexaware clients who want to implement Pega’s consulting and implementation, the […]
Hit by a loss of subscribers, Idea Cellular seems to be having second thoughts about its strategy of always pricing its packs above those of Reliance Jio. The mobile operator has now slashed the price of its 70-day unlimited pack to Rs 398 from Rs 448 earlier for many of its 4G customers. This makes […]
Pharma manufacturer Neuland Laboratories said it acquired a manufacturing plant located near Hyderabad from Arch Pharma Labs Limited. The facility is spread across 12 acres and has a capacity of about 197 KL, the company said. The plant was inspected by the USFDA in 2015, it added. “These were much needed to provide flexibility to […]
Kalpataru Power Transmission, which constructs power and related infrastructure, said it won new orders worth Rs 875 cr, taking the total order inflow this year to 5,900 cr. The orders include two from India for Rs 278 cr in total and three from outside India for Rs 597 cr. All orders are for the design, […]
Bharat Heavy Electricals said it has commissioned a 54 MW coal-fired captive power project in Indonesia, calling it “yet another milestone in the South East Asian region.” BHEL has executed several projects in the region including projects in Malaysia, Taiwan, Thailand and Vietnam. In Indonesia, the company has earlier successfully executed a 2×30 MW boiler […]
Tata Teleservices, which is awaiting regulatory nod to be merged with Bharti Airtel, reported a 4.7% decline in its mobile subscribers in two circles for the month of November. The total number of mobile subscribers of the company fell to 6.16 mln users in Goa, Mumbai and Maharashtra by the end of November. A month […]
Tata Motors today announced that the Company would be increasing prices of its entire passenger vehicles range by up to Rs 25,000, starting January 2018. The company attributed the increase in price is to “rising input costs.” “The changing market conditions, rising input costs and various external economic factors have compelled us to consider the […]
IL&FS Engineering and Construction Company said it got a Rs 216 cr order from Gas Authority of India Limited to lay a 158 km long pipeline. The 30-inch diameter pipeline is part of Part B of the Dobhi-Durgapur-Haldia project in West Bengal. It also has to create a 13.28 km long 12-inch spurline under Jagdishpur […]
The Delhi government has suspended the license of the Max Hospital in Shalimar Bagh after it was implicated in wrongly declaring a newbord dead. “They cannot take any new patients, but they can continue to treat the existing patients,” Delhi’s health minister Satyendar Jain said. The move comes even as the Haryana Government on Thursday […]
Fund manager Nisus Finance Services Co Pvt said it, along with a Dalmia Group’s Landmark Holdings, has invested Rs 50 Cr in Casa Royale & Sanskriti, a project by Noida based Earthcon Infracon projects at Sector-1, Greater Noida, Uttar Pradesh. Landmark Holdings is the real estate investment arm of the Dalmia Group, one of India’s […]
The lenders of Reliance Communications have got initial bids for the company’s assets from the three big telecom companies in India, CNBC TV18 reported, quoting banking sources. The Anil Ambani Group company is under the control of its lenders after it ran aground due to high debt load and the emergence of 4G services. Three […]
The Tata Motors Group global wholesales in November 2017, including Jaguar Land Rover, rose 22% to 1.12 lakh. In October, it had risen 2.7% to 1.04 lakh and by 14% in September to 1,16,419. Wholesales of commercial vehicles rose 51% to 40,845. In October, it had risen 1.3% to 37,400. Wholesales of passenger vehicles rose […]
Glenmark Pharmaceuticals said it has started the clinical trial of its blood cancer drug GBR 1342 with the dosing of the first patient. “In just the last year, three of the Company’s biologics, two of which are immuno-oncology agents, have begun clinical trials, which is a testament to the outstanding progress made by the global […]
ICICI Bank said it raised international debt $500 mln at an interest cost of 3.8%. “The notes carry a coupon of 3.80% and were offered at an issue price of 99.728,” India’s second biggest private sector bank said. The sale of the 10-year bonds was done through its DIFC branch in UAE. The notes were […]
Havells India said it has launched water heaters, switches and MCBs under its Standard Electricals brand, which has been known for its switchgear for close to five decades in India. The company said that it expects to expand sales under Standard to Rs 1000 crore in the next 3 to 4 years from about 400 […]
Cyient, a Mumbai-based provider of engineering, geospatial and operations management services, said it has tied up with UK-based EA Technology to jointly market each others’ services to power utilities. EA Technologies provides solutions to electric utilities to monitor and manage their assets such as cables and other electric instruments. As part of the alliance, Cyient […]
