Pharmaceutical manufacturer Zydus Cadila said that it received final approval from the United States Food and Drug Administration for the sale of a generic version of Valeant’s Zovirax ointment. Acyclovir, belonging to a class of medications called antivirals, is used to treat cold sores or fever blisters caused by herpes viruses. The ointment will be […]
Kaveri Seeds, one of India’s largest seed firms, has set up a new corn cob drying facility, touted to be Asia’s largest, at Molangur village in Karimnagar district of Telangana. The new facility has a capacity of 1,456 tonnes per cycle and can process around 400 tonnes of fresh corn cobs per day to transform […]
GHCL, one of India’s leading manufacturers of home textiles launched a traceable Egyptian cotton bedding brand called Nile Harvest. The products will be sold mainly in the US and UK markets. The company has partnered with Tailorlux GmBH of Germany to use its IntegriTex technology for the marking and traceability of Egyptian cotton. The firm […]
India’s largest smartphone maker Xiaomi has launched Mi Pay, its payment service, in India, marking the first time the service has been expanded beyond its home market of China. The company will use the National Payment Corporation of India’s UPI and Bharat Bill payment network for its core functionality. The company has tied up with […]
Travel services company Thomas Cook reported a 20% increase in travel bookings for the festival season. Festivals like Holi and Kumbh Mela have boosted the company’s domestic travel business, with demand up by over 12%, it said. There was a significant rise in the international bookings too, with a growth of more than 20%, it […]
Voltas, India’s largest air-conditioner maker launched a new range of adjustable inverter ACs, which it claimed were the first of their kind in the AC industry. The new models come with a wide range of features, including ‘flexible air conditioning’, that allows the user to switch from 1.5 ton usage to 1 ton usage and […]
IT firm Tata Consultancy Services (TCS) on Monday said that it has been selected by offshore drilling company Seadrill to transform its digital infrastructure. According to the new deal, TCS will support Seadrill’s global lT operations on its its mobile offshore drilling rigs as well as its onshore locations, and will provide local support services […]
ICICI Lombard, one of India’s leading private sector general insurance companies, said it has entered into a strategic partnership with one of India’s largest retail payment platform MobiKwik to provide cyber-insurance cover. The newly formed partnership aims to provide the customers protection against unauthorized and fraudulent transactions online across bank accounts, debit/credit cards and mobile […]
Infrastructure firm SMPL Infra Ltd said it received four new orders for water supply and irrigation projects worth Rs 883 crore from Gujarat, Manipur and Punjab. In Gujarat, it received an order worth Rs 723 crore for the implementation of Phase 3 of the Saurashtra-Narmada Avtaran Irrigation Project or SAUNI Yojana. The project initiated by […]
Debt-ridden airline operator Jet Airways said it was grounding four more aircraft due to non-payment of lease amounts, and that it will also default on interest payments to its debenture holders due tomorrow. It is estimated a total of 40 plus aircrafts have been grounded by the airline so far. “..the payment off interest due […]
Solar auction activities garnered speed in February after a disappointing performance in January, according to Mercom India, an agency that tracks the solar power sector in India. About 2.7 GW of solar power was auctioned in February, which is 800 MW more than what was auctioned in the same month last year, the firm said. […]
Mumbai-based pharmaceutical firm Glenmark Pharmaceuticals said it received final approval from the US Food and Administration (USFDA) for the sale of a generic version of Valeant Bermuda’s acne treatment, BenzaClin. Clindamycin and benzoyl peroxide gel is a combination of clindamycin, an antibiotic and benzoyl peroxide, an antiseptic. The gel is mainly used on the skin […]
Veteran industrialist Rahul Bajaj has stepped down as the chairman and non-Executive director of investment firm Bajaj Holdings and Investment, and his cousin Niraj Bajaj has been appointed as the new non-executive chairman with effect from May 18. “Rahul Bajaj, vide his letter dated February 15, 2019, has tendered his resignation as the non-executive director […]
IT major Wipro Limited has launched a Industrial Internet of Things (IIoT) centre in Kochi, its third, after Mountain View and Bangalore. Industrial Internet of Things refers to the concept of extending internet connectivity beyond conventional computing platforms such as personal computers and mobile phones into various non-internet enabled physical devices. Embedded with electronics, internet […]
Pharmaceutical manufacturer Zydus Cadila said it received tentative approval from the US Food and Administration for the sales of of Sitagliptin and Metformin oral diabetes tablets that help control blood sugar levels. Tentative approval implies that the company can launch the product only after the expiry of all patents relating to it. The combination drug, […]
Real estate firm Brigade Enterprises said it plans to set up seven co-working facilities in three cities as it enters one of the fastest growing segments in commercial real estate. Brigade’s Buzzworks coworking venture will start off with 2,500 seats, the company said. Coworking spaces refer to large buildings full of flexible ‘work spaces’ that […]
Jewellery manufacturer Rajesh Exports said it has won an order worth Rs 1079 crore from a “leading wholesaler and stockist” from the Middle East. The order has to be fulfilled by June. The company had recently introduced new designs in the international markets which constitute a new range of jewellery. The company said it has […]
Skills and talent development company NIIT said it will provide sourcing and vendor management services to Netherlands-based lighting company Signify. Signify, formerly known as Philips Lightning, is one of the leading manufacturer of various lightning products. The company employs 32,000 people in 70 countries and sells its products and services in more than 180 countries. […]
Financial software provider Wipro Gallagher, a unit of Wipro Ltd, launched the latest version of its loan origination software, NetOxygen. The new version offers more control to lenders and better streamlining, the Indian company said. Version 6.0 also offers a web-based dashboard, designed to provide updates on the loan status. The new version also aims […]
Pharmaceutical company Unichem Laboratories said it received final approval from the United States Food and Drug Administration for the sale of a generic version of Casper Pharma’s Zyloprim tablets. Allopurinol is a medication used to decrease high uric acid levels. It is specifically used to prevent gout and specific types of kidney stones. Taken by […]
