Coal India, India’s primary supplier of domestic coal, said it would impose a charge of Rs 50 per tonne on all customers except those who are availing its ‘rapid loading’ facility. It said the extra charge will general around Rs 2,500 cr per year. For the remaining three months of the financial year, it would […]
FICCI’s latest quarterly survey on Manufacturing indicates a pause in the steady improvement seen in optimism on quarterly production levels. The percentage of respondents expecting production in the current quarter (Oct-Dec) to be higher than last quarter fell to 47% from 50% three months ago. It is among the lowest scores in the last two-and-a-half […]
The European Investment Bank, the lending arm of the European Union, will invest $200 mln (Rs 1,283 cr) into the Indian solar and power sector via a deal with Yes Bank in order to support the growth of renewable energy in the country. The investment will be routed through a renewable financing program with Yes […]
Ahmedabad-based Lincoln Pharmaceuticals said it developed a painless form of malaria injection and has also received a patent in India for the same. It said it expects to increase its exports of anti-malarial treatments by 70-80% thanks to the invention. At present, the Arteether anti-malarial injection available in market are in 3 ml and 2 […]
Film producer Eros International said it has tied up with Manish Mundra’s Drishyam Films to co-produce four “new wave” films. Drishyam is the film maker behind titles such as Masaan, Rukh, Kadvi Hawa and Newton, India’s entry to the Oscars in the Foreign Film Category this year. Eros has already tied up with Drishyam for […]
Bharat Heavy Electricals Limited said it won a Rs 7,300 cr order to set up a 1,320 MW Supercritical Thermal Power Project (TPP) in Tamil Nadu. Valued at over Rs.7,300 Crore, the order for setting up the 2×660 MW Udangudi TPP has been placed on BHEL by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), […]
Royal Orchid Hotels announced the opening of its new hotel in the pilgrimage town of Dwarka in Gujarat. “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Dwarka is one such move towards our aim,” said Chander K. Baljee, Managing Director, Royal Orchid Hotels. The company has added […]
TT Ltd said it has decided to set up a mega garment plant in place of Spinning Machinery at Gajroula in Uttar Pradesh. The move is part of its attempt to diversify from textile making to making garments. “TT is exiting from spinning and entering the garmenting and fabric business on a massive scale,” the […]
Pharma Major Lupin said it got the approval of the US Food and Drug Administration to launch a generic version of Bayer’s oral contraceptive Safyral. The branded version has annual sales of around $23 mln in the US. Lupin’s product will be called Tydemy. The combination is indicated for use by women to prevent pregnancy […]
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, […]
The Central Bureau of Investigation has filed two separate cases related to the Chhattisgarh sex CD allegedly featuring the state PWD minister Rajesh Munat. This follows the takeover of investigations into the matter by the central investigation agency after allegations that the Chhattisgarh Police was incapable of conducting an impartial investigation in a case involving […]
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 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 […]
The Ahmedabad administration has denied permission to the ‘roadshows’ planned by Rahul Gandhi and Prime Minister Narendra Modi in Ahmedabad tomorrow. The separate roadshows would have featured Modi and Rahul Gandhi traversing the city in a last minute effort to boost their respective parties’ chances. Parts of the state, including Ahmedabad, are scheduled to go […]
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 […]
