Cadila Healthcare said it has launched a generic blood thinning medication, Enoxaparin Sodium Injection, in the US, where the drug has annual sales of around $513 mn, or around Rs 3,800 cr. With this, the company has become the first Indian firm to launch a generic version of the drug in that market. Enoxaparin Sodium […]
Vodafone Idea is hoping that it will be able to do a better job of convincing Supreme Court of India to allow the government to rectify the mathematical and compilation that crept into the calculation of its humongous regulatory levies that now threaten its very existence. A Supreme Court bench headed by Arun Mishra had […]
Vodafone Idea, the country’s third largest telecom operator, said it plans to launch a music streaming service in tie-up with a large content provider in the coming days. The service, said CEO Ravinder Takkar, would be available to all of the company’s prepaid and postpaid subscribers. The company currently has a free video streaming service […]
Noida-based IT and outsourcing services provider HCL Technologies (HCL) said it signed a five-year, end-to-end IT transformation services deal with Germany-based chemical firm Wacker Chemie AG. The size of the deal was not disclosed. Wacker CIO Dirk Ramhorst said his firm was looking to replace its current sourcing model with a “long-term Next Generation Managed […]
Gravita India Limited, a fast-growing Indian company in the area of recycling, said it has almost quadrupled the capacity of its lead recycling plant at Chittoor in Andhra Pradesh. With this, the company expects to increase its revenue by around Rs 150 cr per year. At the current run rate, that works out to around […]
Bharti Airtel said it has closed its deal to transfer CDMA spectrum to Reliance Jio Infocomm and received the money. “Airtel has received Rs. 1004.8 crores (net of tax) from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs. 469.3 crores relating to the spectrum,” the Gurgaon-based company said. The […]
Cadila Healthcare MD Sharvil Patel said the company has started stockpiling the ZyCoV-D COVID vaccine, and is in the process of providing additional data to drug regulators and hopes to get the shot approved in one or two weeks. If approved, ZyCoV-D will become the first vaccine anywhere in the world to use DNA to […]
Construction giant Larsen & Toubro sait it has sold its 3 x 33 MW hydroelectric power plant in Uttaranchal to Renew Power Private Ltd for Rs 985 cr. It said the move is aimed at allowing the company to become a more asset light organization and improve shareholder value. “This development is a significant step […]
Facebook, the social networking giant, will help Sterlite Technologies Ltd — one of the oldest private sector cable manufacturers in India — to create specialized 5G radio units. Facebook will help Sterlite Technologies create two products — a 5G radio unit designed for dense deployments, and another, dual-tech 4G+5G radio unit. These are more complicated […]
Infosys Ltd said Philippines-based UnionBank has selected its Finacle banking platform as its software of choice for easing its migration to a cloud architecture. The UnionBank of Philippines, a medium-sized bank with over 3,500 employees, is a traditional Infosys’ customer. Banks are increasingly moving from the traditional IT architecture — under which they buy accounting, […]
Pharmaceuticals manufacturer Alkem Laboratories said its bioequivalence center at Taloja in Maharashtra has successfully undergone a US FDA inspection without attracting any adverse remarks. “US FDA had conducted a remote and virtual Bio-Analytical inspection of the Company’s Bioequivalence Center located at Taloja, Maharashtra from 26th July, 2021 to 28th July, 2021. At the end of […]
The Indian unit of French pharmaceuticals maker Sanofi said it decided to sell its nutraceuticals business Universal Nutriscience Private Ltd for Rs 587.0 cr ($80 mln) plus debt-like obligations such as retirals and provisions for sales returns. Universal Nutriscience is a joint venture between Kedaara Capital Fund II LLP and Universal Medicare Private Limited. The […]
Wonderla Holidays Ltd, India’s largest amusement park chain, said it will re-open its Hyderabad amusement park from Aug 5, marking the first such facility under the company management to re-open after the second wave of COVID-19. The company had reopened its hotel, Wonderla Resorts, earlier this month, but its amusement parks are still shut as […]
Tata Steel Mining Limited said it signed an agreement with Jindal Stainless to jointly mine the chrome ore lying beneath the boundary between the companies’ mines in Sukinda in Odisha’s Jajpur district. Chromium is used to make shiny metallic items, such as stainless steel vessels and chrome-plated auto parts. The companies said the chromite — […]
Tata Power, one of the country’s largest power generation and distribution companies, said it has signed an agreement to set up electric vehicle charging points at the petrol pumps operated by Hindustan Petroleum Corporation Ltd or HPCL. The two companies, however, did not disclose the estimated number of such charging stations that will be put […]
Kerala Vision, the ISP with the largest network in Kerala, has unveiled a new set of tariffs, after its primary competitor BSNL converted its 449 promotional scheme into a regular scheme with unlimited validity. BSNL last week converted its 449 promotional broadband scheme — which was initially valid only for six months — into a […]
Sunteck Realty reported a sequential decline in its collections for the first quarter of FY22 compared to the immediately preceding fourth quarter of FY21, as COVID-19 curtailed new launches. Nevertheless, collections were far better than the year-ago numbers. Collections refer to the actual cash that the company collects from its buyers. Total collections for the […]
Vodafone Idea today said it is not considering any proposal to sell its fiber optic assets, data centers and You Broadband for $1 billion, as reported by Economic Times newspaper. However, responding to a different media report on the sale of its datacenter business and assets, it said these were not material enough for their […]
Hyderabad-based mid-sized IT outsourcing provider Cyient Ltd said it, along with two partners, has won a contract to support one of UK government’s major land records digitization drives. The three companies will support Her Majesty’s Land Registry, the UK government’s land records bureau, to digitize nearly 26 million titles, accounting for around 87% of the […]
Seqrite, a cybersecurity consultant and the enterprise arm of Quick Heal Technologies, said a suspected Pakistani group has started a wave of sophisticated phishing attacks targeting India’s cricial infrastructure such as power and telecom. According to the IT security consultant, the initial intrusion chain begins with a spear-phishing email — an email that is designed […]
