Indian Pharmaceutical company Sharon bio medicine Ltd said it received the Establishment Inspection Report (EIR) from United States Food and Drug Amnistration for its manufacturing plant located at Tajola in Raigad Dist., Maharashtra. The plant, which will make Active Pharmaceutical Ingredients is now approved by the USFDA and the generic drug user fee is pending. […]
L&T Infotech said it will develop and market solutions based on the Oracle’s Internet of Things (IoT) cloud service. The companies will work together on cloud solutions to help manufacturing, utilities and construction companies digitize business processes and improve operational efficiencies. L&T provides comprehensive Oracle solutions and applications encompassing smart sensors, connected assets, real-time visualization and […]
Zydus Cadila, a global healthcare provider, and Takeda Pharmaceutical Company Limited, one of the world´s largest pharmaceutical companies, announced a partnership to develop vaccine for chikungunya, an emerging infectious disease. The broadbased agreement includes early stage development to the final commercialisation of the vaccine against chickungunya. There is currently no vaccine to prevent or medicine to treat […]
Central Bank of India said the ratings on its bonds have been downgraded by Brickwork Ratings due to a deterioration in its financial condition. The bank is among many government-owned lenders that have come under substantial stress in recent quarters due to loan defaults by big borrowers. Many private companies in India are defaulting on […]
Yellow Diamond, an Indian snack company that has grown by competing against global biggies like Pepsico, said it signed on Bollywood celebrity Salman Khan as its brand ambassador. “I met with the founders of Prataap Snacks and they shared their journey from small beginnings to becoming one of India’s biggest snack food companies – a “Make […]
Many international lighting companies are displaying double standards by challenging India’s new mercury recycling rules, said environmental NGO Toxics Link. The NGO said these companies are resisting India’s new e-waste rules while conforming to them in other countries. ¨However, the same companies for long have been fulfilling their commitments under the waste of electrical and electronic […]
Dr. Reddy’s Laboratories Ltd said it launched Paricalcitol Injection, a therapeutic equivalent generic version of Zemplar injection in the United States market approved by the US Food & Drug Administration (USFDA). The Zemplar brand and generic had US sales of approximately $22.5 million for the most recent twelve months ending in July 2016 according to […]
IIT Guwahati unveiled one of India´s fastest and most powerful computer, PARAM-ISHAN. PARAM-ISHAN has power of 250 Teraflops and three hundred tera bites capacity. ¨This will not only augment the research initiatives in the Institute, but also help in creating an ecosystem for attracting right talents to the field of research,¨ said Gautam Biswas, Director, […]
Fiem Industries Ltd. said it raised Rs 120 crore by placing 12 lakh shares with qualified institutional buyers. The shares were priced at Rs 1002 each. Fiem manufacturers automotive lighting & signaling equipments and rear view mirrors. Most of its revenue comes from the two-wheeler segment of the vehicle industry. The company´s shares had closed […]
GE Transportation signed an $18m contract with Lloyd Electric & Engineering Limited,design, develop, manufacture & maintain air conditioning systems to supply custom designed air conditioning units for the Indian Railways Marhowra Locomotive project. The contract is to design, manufacture, test and supply air conditioning units to be manufactured in Lloyd’s factory in Bhiwadi, Rajasthan over […]
Glenmark Pharmaceuticals, Inc., USA said it has entered into a strategic Development, License and Commercialization Agreement with Particle Sciences, Inc. to develop and market a generic version of Celgene’s Abraxane, used for cancer treatment. As per the terms of the agreement, Glenmark has obtained global exclusive marketing and distribution rights of the product upon commercialization. Particle […]
India could move to designate its neighbor Pakistan a ‘Terror State’, according to media reports. The high-level committee that met today at the Prime Minister’s office has arrived at this as the best option given the current situation. Other options considered included military action against the nuclear power. Designating Pakistan as a Terror State would […]
SAANSEIN – THE LAST BREATH released its new spooky video poster. The film is starred by Rajniesh Duggall and Sonarika Bhadoria in lead roles. If the previous poster gave you goosebumps, then the motion poster is sure to give you the chills! There is also a hint to what is in store in the story, […]
GVK Power and Infrastructure Ltd. said it had settled the dispute between itself and Housing Development and Infrastucture Ltd (HDIL) related to the slum rehabilitation activities near the Mumbai International Airport. ¨The parties have signed a settlement agreement dated 8th September, 2016 vide which they have irrevocably and unconditionaly withdrawn all their respective claims and […]
India’s attractiveness for manufacturers is growing due to availability of low-cost labor, said an ASSOCHAM-EY joint study. ¨Rising manufacturing costs in China and Taiwan are compelling manufacturers to shift their manufacturing base to alternate markets. In 2014, the average manufacturing labor cost per hour in India was US$0.92 as compared to US$3.52 of China,¨ said […]
Lava International Limited, an Indian multi-national company in the mobile handset industry, said anyone purchasing a feature phone or smartphone from the company from 15th September to 15th November the customers will be entitled to avail a one-time mobile screen replacement. The offer is applicable only in case of any mobile screen breakage within 365 […]
Opto Circuits, a medical technology group, said its wholly owned subsidiary, Eurocor GmbH, entered the global market with their Freeway coated shunt baloon catheter. Freeway coated shuntbaloon catheter is used for arteriovenous (AV) access to help patients with end-stage renal disease. It also helps to reduce re-intervention and preserves future treatment options. Following the 1st […]
Aurionpro Solutions, a technology solutions provider, said it completed the acquisition and merger of Spikes Security Inc., a software and hardware solutions company based in California, with its enterprise security division. The silicon Valley based subsidiary for enterprise security will operate under the new brand name of ‘Cyberinc – An Aurion Pro Company’ and will […]
Reliance Industries said its subsidiary Reliance Sibur Elastomers Pvt Ltd. has agreed to take a loan of $330 million, roughly equal to Rs 2193 crore, from overseas lenders. “The Facility with door to door tenor of 10 years shall be utilized to part finance the Capital expenditure to setup India’s first butyl rubber manufacturing facilities […]
Tata Motors said its global wholesales rose 16% in August to 86,288 compared to August last year. Wholesales of all passenger vehicles rose by 25% to 56,104. Land Rover wholesales for the month were at 29,222 vehicles. Jaguar wholesales for the month were 13,038 vehicles. Cumulative wholesales for the fiscal were 4,32,192 nos., higher by […]
