Raymond Ltd is venturing into the real estate business with 3,000 unit project in Thane, Maharashtra, the Indian textile and branded apparel company said. Raymond Realty will build 3,000 units in the first phase of the project over a period of five years and generate potential revenues of over ₹3500 crore, the company said. The […]
Two-wheeler maker TVS Motors on Wednesday said it has sold 1 lakh units of TVS Radeon within seven months of the launch of the 110cc commuter motorcycle, or close to 15,000 motorcycles per month. The bike, a potential rival to Hero Splendor and Honda Yuga, was launched in August at a starting price of Rs […]
Pharma major Lupin said that the inspection of the US Food and Drug Administration (USFDA) at its bioresearch facility in Pune has concluded without any observation. Conclusion of an inspection without any observation indicates that the facility was found to be up to the standards expected by the FDA. This is also the fifth time […]
Mangalore-headquartered Karnataka Bank on Tuesday said it has agreed to distribute insurance products from Bharti Axa General Insurance Ltd. The private sector bank will provide a wide range of life insurance products of Bharti Axa Insurance to its customers across all its 836 branches. “The partnership is an important part of our growth strategy, which […]
IT firm Tata Consultancy Services (TCS) reported it has deployed core banking software TCS BaNCS at China-headquartered commercial bank Harbin. BaNCS is TCS’ main product for banks, and offers various solutions for core banking, internet banking, treasury, wealth management, mobile banking and insurance. The TCS BaNCS solution is now being used for deposits, cards, channels, […]
Pharmaceutical manufacturer Zydus Cadila said that it has received tentative approval from the US Food and Drug Administration for sales of mirabegron extended-release tablets. A tentative approval means that the company has to wait for all patent and other protections to expire before starting the sale of the drug. The tablets, currently sold under the […]
Pharma major Lupin said that the United States Food and Drug Administration has given it an Establishment Inspection Report (EIR) for its Pithampur facility, which was slapped with five observations in an inspection in October. The receipt of an EIR is considered good news as it means that the company can now use the facility […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that its power transmission and distribution business has received orders worth over Rs 2,500 crore from India, the Middle East and the ASEAN region. In India, the company received orders for laying underground cable in certain unnamed industrial areas and towns to improve the reliability of […]
Pharmaceutical Strides Pharma Science Ltd said wholly owned subsidiary Vensun Pharmaceuticals and partner Pharmaceutics International received approval from the United States Food and Drug Administration to launch a generic equivalent of Merck’s potassium chloride extended-release tablets. The drug will be launched in the doses of 750 mg, 1,125 mg and 1,500 mg. Strides Pharma already […]
Software company Intellect Design Arena reported that it has secured a ‘large, multi-million’ deal from one of the top 20 banks in North America. The deal is significant to Intellect Design as it is the highest ever deal won by the company. Intellect Design’s will provide its cash management platform, CBX 18 software, to the […]
IndoStar Capital Finance Ltd, a lender promoted by private equity fund Everstone Group, announced the completion of its acquisition of the commercial vehicle finance business of India Infoline Finance, a subsidiary of IIFL Holdings. The acquisition includes the entire commercial vehicle finance assets under management of Rs 3,620 crores. Indostar will also acquire a total […]
Pharmaceutical major Lupin said that it has launched the generic equivalent of Eli Lilly’s Cialis erectile dysfunction tablets. Lupin had received the approval from the United States Food and Drug Administration to sell the tablets along with its rivals Zydus Cadila, Unichem Laboratories and Alembic Pharmaceuticals on March 27. Tadalafil tablets are used to treat […]
Tata Power Strategic Engineering Division reported that it has delivered the Combat Management System for the Indigenous Aircraft Carrier being built for the Indian Navy . It was developed by Tata Power SED in collaboration with Indian Ministry of Defence’s Weapon and Electronics System Engineering Establishment and Russia’s NPO MARS. Typical functions of the CMS […]
Maruti Suzuki, India’s largest auto maker, reported a decline in its monthly sales for the second consecutive month in March, as exports fell by 12.9% and domestic market sales fell by 0.7%. Total vehicle sales, including exports, were down 1.6% at 1.58 lakh units compared to the 1.60 lakh units sold in March 2018. Total […]
NCC Limited, formerly known as Nagarjuna Construction Co, said it received nine orders worth Rs 4,619 crore in the month of March. The company had won orders worth Rs 4,088 crore in February and Rs 4,090 crore in January. Of its March orders, three orders worth Rs 1,802 crore were received in the buildings division, […]
Infrastructure major Larsen and Toubro reported new orders worth over Rs 2,500 crore from Kuwait Oil Company (KOC). The new contract includes construction of a new export strategic pipeline and its associated facilities that will span a distance of around 145 kilometres. The contract has been awarded through international bidding on a Lump Sum Turnkey […]
Kalpataru Power Transmission Limited (KPTL), which constructs power and related infrastructure, said it received orders worth Rs 588 crores for its transmission and power business from international markets. With the latest order, the total order inflow for financial year 2018-19 have increased to Rs 8,500 crores, the company said in a statement. KPTL is also […]
Pharmaceutical manufacturer Zydus Cadila said that it has received approval from the United States Food and Drug Administration for the sales of a generic equivalent of Gilead Sciences’ hypertension drug Letairis. Ambrisentan tablets had sales of $943 million in the US market in 2018, marking it among the bigger drugs in the market. Ambrisentan tablets […]
Cox and Kings’ unit Meininger Hotels said it has signed contract with a German developer for the construction of a 156-room hotel in the city of Stuttgart. The new hotel, scheduled to open in 2021, will have 460 beds in an area of 6,900 square metres on four floors. The new hotel is located near […]
Pharmaceutical company Suven Life Sciences said it has been granted product patents for a new compound being developed for the treatment of neurodegenerative diseases in Eurasia, Europe, South Korea and Sri Lanka. The compounds are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like the […]
