Mahindra Finance has signed a strategic co-lending agreement with the State Bank of India (SBI) to provide affordable credit solutions, especially in rural and semi-urban areas. Under the co-lending model, Mahindra Finance will originate and process loans as per the co-lending guidelines. SBI will provide funding of up to 80% of the loan amount, while […]
Strides Pharma Science Ltd said its mega vaccine plant in Bangalore is ready and has started commercially producing Russian COVID vaccine Sputnik Light. “As previously committed, the company is on track to commercialize this vaccine for Global markets in Q4FY22,” it added. Strides Pharma unit Stelis was the third pharma manufacturer in India to sign […]
Advanced Enzyme Technologies Ltd, India’s largest food supplement enzyme manufacturer, said it has appointed an exclusive distributor for Indonesia, Malaysia, Philippines, Singapore, Thailand & Vietnam. The distribution agreement with Singapore-based Azelis covers all food enzymes and probiotics for the food & dietary supplement industry. Azelis sells chemical and food ingredients in over 50 countries across […]
Biocon, one of most prominent Indian pharmaceutical companies focused on developing its own drugs and formulations, kicked off its expansion into the Middle East market with an out-licensing deal with Saudi Arabia-based Tabuk Pharmaceutical Manufacturing Co. Biocon did not list the products that are covered by the licensing deal, but said it would cover “select […]
TVS Motor Co said it has produced 1 lakh bikes under its tie-up with the local unit of German automaker BMW in India. In July 2018, TVS Motor Co and BMW launched two BMW models — the naked style BMW G310R and BMW G310GS, priced around the Rs 3 lakh mark. This was the result […]
NTPC Ltd said its tie-up with EDF or Électricité de France announced by the government yesterday is likely to help it expand globally, while also making Indian power market more efficient and carbon neutral. The deal was announced yesterday by the French Ambassador to India, Emmanuel Lenain. The French are keen to help Indian transition […]
TVS Motor Company said it has tied up with Tata Power to create a large, dedicated electric two-wheeler charging infrastructure to accelerate electric mobility in India. This will be done by setting up an electric vehicle charging infrastructure (EVCI) across India and by deploying solar power technologies at TVS Motor locations. TVS Motor Co said […]
Cadila Healthcare, also known as Zydus Cadila, has taken one more step towards augmenting the production capacity for its DNA-based Covid vaccine known as ZyCoV-D by inking an agreement with Shilpa Medicare. Under the agreement, Shilpa Medicare Ltd will use its biologics manufacturing plant at Dharwad, Karnataka, to manufacture ZyCoV-D. ZyCoV-D is the world’s first […]
IT and outsourcing major HCL Technologies said it has agreed with South Korean software maker Hancom to help each other to expand in different markets. As a part of the deal, Hancom with help HCL Tech expand into the South Korean market, while HCL Tech will help the South Korean company expand in countries such […]
SpiceJet said it signed yet another leasing agreement for an unspecified number of Boeing 737 MAX aircraft, which were pulled out of service in early 2019 following accidents and mishaps. The American aviation regulator was the first to re-approve the aircraft for operations in November last year, followed by Canadian and European authorities in January […]
Chennai-based TVS Motor Company said it has signed a distribution partnership with ETG Logistics, part of a prominent South African business group present in over 70 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East. ETGL will operate 30 dealerships for TVS Motor Company in South Africa as part […]
Indian pharmaceuticals manufacturer Lupin Ltd said it received a non-exclusive license to manufacture the anti-TB drug pretomanid from non-profit drug developer, TB Alliance. The company said it plans to sell the drug in 140 countries and territories, including many of the highest TB burden countries around the world. Pretomanid will be administered as part of […]
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 […]
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 — […]
AstraZeneca India, which entered into a licensing deal with Sun Pharma for a key diabetes drug, said that it had terminated a distribution agreement for the same drug with Abbott Healthcare. The drug, dapagliflozin, was being supplied to Abbott Healthcare by the Indian unit of the British-Swedish company under a distribution agreement, which has now […]
AstraZeneca Pharma India, the local unit of the global pharmaceuticals giant, said it has decided to end its marketing agreement with Indian pharmaceutical giant Sun Pharma for two diabetes medications after the Indian company acquired a license to manufacture the same locally. In a separate statement, Sun Pharma said it has acquired the patent license […]
A week after Natco Pharma sought a compulsory license from government of India to manufacture COVID treatment drug Baricitinib, the US firm holding the rights to the drug — Eli Lilly — seems to have agreed to let several companies to manufacture and sell the drug. Baricitinib is used for treating joint inflammation in rheumatoid […]
JSW Steel USA Ohio Inc, a US subsidiary of JSW Steel, has signed a long-term agreement with local steel producer Allegheny Technologies Inc. to convert JSW’s locally produced carbon steel slabs into hot rolled coils. The agreement will help diversify JSW’s steel offerings in the US, while also generating revenue for Allegheny Technologies and improving […]
Hero MotoCorp, the world’s largest maker of two-wheeler vehicles, today announced a tie-up with Taiwan-based Gogoro to introduce the latter’s battery swapping technology in India. Hero MotoCorp, one of the biggest makers of electric scooters in India, will bring Gogoro’s battery swapping platform to India. Under the agreement, Hero will get access to Gogoro’s innovations […]
Two- and three-wheeler maker TVS Motor Co said it has appointed a new distributor for the UAE market and inaugurated a new, 2,000 sq ft showroom. The company also plans to significantly scale up its offering in the country. The new distribution arrangement was signed with Public Motors, a unit of Ghaf Investments LLC. The […]
