Hyderabad-headquartered pharmaceutical firm Dr Reddy’s Laboratories said that it will sell two of its branded neurology products to US-based pharmaceutical company Upsher-Smith Laboratories. Dr Reddy’s will sell its US and select territory rights for Zembrace Symtouch injection and Tosymra nasal spray to Upsher-Smith. Both drugs are sold through Dr Reddy’s wholly-owned subsidiary, Promius Pharma. Zembrace […]
India’s largest instrumentation cable maker Cords Cable Industries Ltd said it has won an approval that will qualify it to supply cables to Indian Railways and other railway projects such as metro rail and dedicated freight corridors. The company said it received an approval as a vendor for various projects for the Indian Railways from […]
Air conditioning and Refrigeration manufacturer Blue Star Limited said it launched 34 models of residential water purifiers with RO, UV, RO UV, RO+UV technologies. The company also said that it also plans to invest about Rs 30 crores on water purifiers in FY20. The offering, under brands such as Stella, Prisma, Imperia and Eleanor, have […]
Government of India owned construction and manufacturing firm Bharat Heavy Electricals Ltd (BHEL) said it received an order worth Rs 440 crore from Nuclear Power Corporation of India Limited (NPCIL) for the erection work of the upcoming 2×1000 Megawatt Turbine Generator (TG) island units at Kudankulam Nuclear Power Project in Tamil Nadu. BHEL also emerged […]
Jaguar Land Rover, the UK subsidiary of Tata Motors, reported a decline of 12.2% in retail sales in May due to ‘lower sales in China, overseas market and Europe’. It sold 42,370 units in May 2019, down 5,911 units from the same month last year. This compares to a decline of 13.3% posted in April […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, reported a 4% increase in production of crude steel in May 2019. JSW produced 14.53 lakh tonnes of crude steel during the period, compared to the 13.99 lakh tonnes produced a year ago. Besides crude steel, the company also produces long rolled products as […]
Two-wheeler manufacturer Hero MotoCorp Ltd said that it has received the BS-VI certification for its Splendor iSmart motorcycle, becoming the first two-wheeler manufacturer in India to receive the stamp. Hero MotoCorp said that it received the Type Approval Certificate from International Centre for Automotive Technology (ICAT) for the Splendor iSmart model, after it was successfully […]
Fashion and lifestyle company Aditya Birla Fashion and Retail Ltd said that it will acquire Jaypore E-Commerce Private Ltd, which sells “handmade, handwoven and handcrafted apparel, jewellery, home textiles and accents”, for Rs 110 crore including debt. Aditya Birla Group did not break out the equity component of the company’s valuation, nor did it give […]
Chennai-headquartered construction company RPP Infra Projects said it received a new order worth Rs 47.2 crores from Government of India owned construction and manufacturing firm Bharat Heavy Electricals Ltd (BHEL) for structural works of their Coal Handling Plant & Ash-Handling Plant in Tuticorin, Chennai. The project will be completed within 24 months. RPP lnfra’s order […]
India’s largest multiplex chain PVR Cinemas announced the launch of its new multiplex at Uthandi Mall, Chennai. The ten-screen property is equipped with a BARCO 2K projection system that offers better picture quality, said PVR Cinemas. In addition to this, the auditoriums are equipped with Dolby 7.1 surround sound and next-generation 3-D. PVR also introduced […]
Infrastructure major Larsen and Toubro (L&T) said its construction business has received orders worth over Rs 2,500 crore across various Indian states including Delhi, Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, Uttar Pradesh and Maharashtra. L&T secured an order from the Mumbai Metro Rail Corporation Ltd for the design, procurement, supply, installation, testing and commissioning of […]
Hyderabad-based pharmaceutical company Natco Pharmaceuticals said United States Food and Drug Administration (USFDA) issued nine observations after an inspection at Natco’s formulation facility in Kothur, Hyderabad. Natco said it believes that most of the observations were ‘procedural’ in nature and not pertaining to data integrity. Natco said that it will address the USFDA observation within […]
Pharmaceutical manufacturer Alembic Pharmaceuticals Ltd said it received approval from the United States Food and Drug Administration (USFDA) for the sales of a therapeutic equivalent of Merck Sharp & Dohme Corp’s Sinemet Carbidopa/Levodopa sustained release tablets in the US market. Carbidopa and Levodopa Extended-Release tablets are used to treat symptoms of Parkinson’s disease and Parkinson’s-like […]
Mumbai-based pharmaceutical company Indoco Remedies said that the United States Food and Drug Administration (USFDA) issued four observations after its inspection at Indoco’s sterile manufacturing facility in Verna, Goa. The facility at Verna mainly manufactures ophthalmics and injectables for ophthalmic preparations. Apart from USFDA, the facility has also been approved by the Medicines Control Council […]
State owned oil and gas company Indian Oil Corporation Ltd (IOCL) said that it has entered into a joint venture with Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) for the implementation and operation for a 2,757-km long LPG pipeline from Kandla, Gujarat to Gorakhpur, Uttar Pradesh. While Indian Oil Corporation will […]
Pharmaceutical manufacturer Zydus Cadila said that the United States Food and Drug Administration (USFDA) issued 11 observations after inspections at two of the manufacturing facilities of Nesher Pharmaceuticals, a subsidiary of Zydus’ US arm. Both the facilities are located at St Louis, United States. issuing of observations indicate that the inspectors did not find everything […]
Commercial vehicle maker Ashok Leyland reported a 4% drop in domestic sales of medium and heavy commercial vehicles in May as the Indian auto industry grapples with an overall slowdown. Within the medium and heavy commercial vehicle segment, truck numbers fell by 168 units or 2% to 7,325, while bus numbers declined by 173 units […]
Bajaj Auto reported a 7% jump in two-wheeler sales in India for May, while overall sales of two-wheelers and three-wheelers were up 3%. Bajaj Auto, the country’s biggest two-wheeler exporter, also reported a jump of 6% in its May exports. Bajaj sold 2.05 lakh motorcycles in India during May and exported 1.59 lakh. Bajaj Auto’s […]
Government of Kerala is all set to launch an online taxi service scheme, aimed at creating job opportunities for youth from SC/ST community in the state. The government will provide a total of 150 taxis for eligible beneficiaries from across the state. It will provide Rs 1 lakh in grant and the rest of the […]
Automotive parts and components manufacturer Ring Plus Aqua Ltd, a subsidiary of Raymond Ltd, announced the opening of its third manufacturing facility at Sinnar, Maharashtra. The new plant will produce starter ring gears, transmission flex-plates and integral shaft water pump bearings, Ring Plus Aqua Ltd said. Ring Plus Aqua has already two manufacturing facilities near […]
