Construction major KNR constructions said it has received an order from Tamil Nadu government worth Rs 223 crore for the construction of flyovers at the Sungam-Ramanathapuram junction in Coimbatore. The project will be completed within 24 months, the company said in a statement. The construction of the 30 feet wide and 3.6 kilometre long flyover […]
Pharmaceutical major Lupin said that YL Biologics Limited, its newly formed joint venture with Japanese pharma company Yoshindo Inc has received approval from the Pharmaceutical and Medical Devices Agency (PMDA) for sales of a biosimilar version of Amgen Inc’s Etanercept in Japan. Etanercept, sold under the brand name Enbrel or Benepali. is a biopharmaceutical drug […]
Infrastructure major Larsen and Toubro on Tuesday said that its hydrocarbon engineering business has received orders worth over Rs 2,500 crore from Tawfiq Coke Products, Oman. The contract is for the engineering, procurement and construction of a calcined coke plan with a capacity of 45,000 tonnes per annum. “The contract will further reinforce L&T’s operations […]
Pharmaceutical major Lupin said that it has received approval from the United States Food and Drug Administration for the sales of a generic equivalent of Pfizer Inc’s Viagra tablets. Sildenafil tablets is a medication used to treat erectile dysfunction and pulmonary arterial hypertension. It is taken by mouth or via injection into a vein. Sildenafil […]
Infrastructure major Larsen and Toubro on Monday said it bagged orders worth over Rs 2,500 crore from Jharkhand, Hyderabad, Gujarat and West Bengal and Bihar. The buildings and factories arm of L&T received an order from the Jharkhand State Building Construction Corporation Limited for the construction of two 500-bed hospitals at Jamshedpur and Dumka respectively. […]
State Bank of India said it has no plans to buy the 24% stake owned by Abu Dhabi-based Etihad Airways in embattled Indian carrier Jet Airways. The report ” is factually incorrect and no such transaction has been contemplated,” SBI said in a statement today. The clarification comes in the wake of heavy criticism that […]
Software company Aurionpro Solutions Ltd said it received contract worth Rs 20 crore from ‘one of the leading banks in Singapore, having significant operations in South-East Asia’. Integro Solutions, the Singapore-headquartered wholly-owned subsidiary of Aurionpro, bagged a contract for the implementation of the company’s REACH CLIMS loan origination platform across the bank’s network in more […]
Pharmaceutical manufacturer Zydus Cadila said it received final approval from the United States Food and Drug Administration for sales of a generic version of Sunovion Pharmaceuticals’ Latuda tablets. Lurasidone tablets are used to treat certain conditions associated with bipolar disorder such as schizophrenia and depression. It also helps to decrease hallucinations. The drug will be […]
Pharmaceutical manufacturer Caplin Point Laboratories Ltd said it received approval from the US Food and Drug Administration for sales of a generic equivalent of West-Ward Pharmaceuticals’ Robinul drug. Glycopyrrolate is a synthetic anticholinergic medication which works by blocking acetylcholine activity on smooth muscles and other tissues. Acetylcholine is a neurotransmitter, or a chemical that nerves […]
Pharmaceutical major Lupin said that it has launched the generic equivalent of AbbVie Inc’s Synthroid tablets. The Levothyroxine Sodium tablets is used to treat thyroid hormone deficiency, including the severe form known as myxedema coma. It is also used to treat and prevent certain types of thyroid tumors. It is taken by mouth or given […]
Tata Power Strategic Engineering Division said it has received a contract worth Rs 1,200 cr to supply 23 ship-borne 3D air surveillance radars to the Indian Navy over the next ten years. The equipment will be produced under a transfer of technology arrangement with Spain’s Indra Sistemas, one of the world’s biggest suppliers of air […]
Gujarat-headquartered Alembic Pharmaceuticals said that it received approval from the United States Food and Drug Administration for sales of a generic version of Mylan’s Optivar eye-drops. Azelastine Hydrochloride Solution eye drops is used to treat itchy eyes caused by allergic conjunctivitis. Azelastine had an estimated US sales of USD 8.5 million for twelve months ending […]
India’s largest multiplex chain PVR Cinemas launched its eighth multiplex in Hyderabad. The six-screen property, located at the Hyderabad Next Galleria mall in Musarambagh spreads across an area of 26,630 square feet and has a seating capacity of 985 seats. It comes with a BARCO 2K projection system that offers better picture quality, according to […]
Reliance Industries, the flagship company of the Mukesh Ambani led Reliance Group, said it has set up a subsidiary for the purpose of carrying out operations in the real estate space. The group, which has hitherto focused on areas like petrochemicals, energy, retail and technology, does not have a sizable real estate-focused business as of […]
Bajaj Auto, one of India’s biggest motorcycle makers, could potentially exit KTM, the premium bike brand from Austria. According to a statement by KTM Industries AG, the parent company of KTM, Bajaj is in talks to sell its minority stake in KTM back to the European parent. Bajaj had stepped in as a white knight […]
Jet Airways said talks between various stakeholders in the company, including banks and investors like Etihad Airways, are still on, and that it is too early to comment on the likely outcome. Meanwhile, SBI’s chairman said a rescue plan will be ‘out very soon’. He also denied any plans to take the country to the […]
Vodafone Idea said it has priced its rights issue at Rs 12.50 per share. The offer price of Rs 12.50 per share represents a discount of 31% over the post-issue, weighted average price of Rs 18.09 per share, assuming that the company manages to sell all the shares it wants to under the rights issue. […]
Amid reports that the two-wheeler industry in India is bracing for production cuts to deal with a dip in demand, Bajaj Auto, one of India’s biggest motorcycle maker, said it is not curtailing production as of now. Bajaj Auto MD Rajiv Bajaj said the company does not feel a need to cut production at present. […]
Tata Communications has tied up with China Telecom to allow the latter to launch IoT services across the world using the Indian provider’s network. Tata Communications, formerly known as VSNL, is one of the world’s largest Tier I network, which has touchpoints with nearly all other networks in the world. The tie-up will allow China […]
Cox and Kings said that its hotel subsidiary Meininger Hotels announced the opening of its first hotel in Hungary. The hotel, named Meininger Budapest Great Market Hall, will have 751 beds in 184 rooms spread over 6,600 square metres on seven floors. The new hotel is located in the Ferencydros district, close to the Great […]
