Reliance Defence, the defence manufacturing arm of the Anil Ambani group, said it will form a joint venture in India with global defence manufacturer Thales to carry out some contracts related to the Rafale jet deal. The Indian company will hold 51% of the equity while the foreign entity will hold the remaining. Reliance Defence […]
Jet Airways said it inked an agreement with Aeromexico, the flag carrier airline of Mexico, to explore codeshare arrangements and shared frequent flyer programs. As part of the arrangement, both carriers will code on each other’s services between India and Mexico via common gates in Europe (London Heathrow, Paris Charles De Gaulle and Amsterdam). To […]
Patanjali Ayurved, the consumer products company headed by yoga exponent Baba Ramdev, has scaled up its agreement with Ruchi Soya, which has been facing financial stress due to high debt levels. Ruchi Soya said the two companies have agreed to expand their initial agreement — signed last month — to two Madhya Pradesh and Gujarat […]
Aditya Birla Fashion and Retail Ltd said it entered into agreement with UK based fashion brand Ted Baker. Ted Baker London is a British luxury clothing retail company. “We are happy to join hands with Ted Baker and build a strong presence for the brand with Indian consumers. This partnership will enable our consumers to […]
Lypsa Gems and Jewellery Ltd said it tied up with Jewelsouk.com to sell ‘Lypsa Atelier’ branded diamond-studded jewellery. “This tie-up is part of our E-commerce push. Lypsa Atelier is currently available on Flipkart, Snapdeal, Craftsvilla, Shopclues in addition to Jewelsouk.”, said Jeeyan Patwa, Director, Lypsa Gems and Jewellery Ltd. Lypsa plans to start with around […]
Pharma major Sun Pharma said it tied up with research organization International Centre for Genetic Engineering and Biotechnology to develop vaccines for dengue. The vaccine is targeted against all the four serotypes of Dengue virus that cause disease in humans and is being developed to commercialize in Indian and international markets. A serotype is a […]
Baxi, which operates commercial two wheelers, said it has partnered with Bajaj Finance Limited to finance salaried individuals who want to buy new bikes with the option to operate on a ride share basis. As part of the agreement, Bajaj Finance will provide attractive loans with minimum processing fees, and very low down payment, to […]
RBL Bank and NeoGrowth Credit Pvt will provide loans to small and medium enterprises in the Indian retail segment that are excluded from mainstream funding and financing with the help of a US government agency. The funding will be backed by the Overseas Private Investment Corporation (OPIC) — a US Government organization that mobilizes private […]
Pharma Major Lupin Ltd. said its US subsidiary, Lupin Pharmaceutical Inc., has agreed to license technology from Monosol Rx to develop multiple paediatric-focused products. Lupin would develop the pediatric products utilizing MonoSol Rx’s proprietary PharmFilm drug delivery technology. MonoSol Rx’s PharmFilm technology is a drug delivery platform that provides precision dosing in the form of […]
Agri and Food FMCG company Ruchi Soya Industries Ltd. said it signed an agreement with the Government of Arunachal Pradesh to boost palm oil production through development of quality palm plantations and human capacity building. With this agreement, Ruchi Soya Industries Limited now has obtained permission for oil palm development in 45,000 hectares, covering 5 […]
Cadila Healthcare, a Ahmedabad headquartered pharmaceutical company owned by Zydus Group, said it has partnered with Switzerland-based global biopharmaceutical company Neovii to launch an drug to reduce the strength of the body’s immune system in India. The drug named Grafalon is extensively used in solid organ transplants and stem cell transplant, said the company. The […]
Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise. “In an era where data, insights and supply chain intelligence are crucial ingredients for turning success into market leadership, Cognizant’s technology, business process, platform and […]
L&T Technology Services, the information technology company of the L&T group, said it has partnered with Microsoft Corporation to offer a solution to lower energy bills and cost of maintenance. L&T Technology Service’s Integrated Building Energy Management Systems (iBEMS) framework will be available on Microsoft’s Azure cloud platform enabling enterprises to deploy and manage energy […]
Majesco, an insurance software provider, and IT services giant IBM tied up to offer a cloud based platform to their insurance clients to speed up customer service with the help of data analytics. The five-year partnership will allow insurance companies to develop and launch new products and services via the IBM cloud, the company said. […]
Hydro power company NHPC Ltd said the power purchase agreements for its two power stations, Teesta-V power station and Rangit power station has been extended for another 35 years. Teesta-V has power generating capacity of 510 MW, while Rangit station has a capacity of 60 MW. The agreement extension is from the date of commercial operation […]
Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. By signing the 15-year contract India’s exclusive rights for exploration of Poly-Metallic Sulphide deposits […]
Brigade Group, a leading real estate developer, said it has partnered with Nest Away, a rental solutions provider,to assist its customers in renting out their properties. The service will be provided exclusively to its customers who will now be able to avail a rental default guarantee that assures them timely rent, said the company. Brigade Group […]
Adani Ports and Special Economic Zone said it will acquire the company operating the Abbot Point Coal Terminal in Queensland for 19.25 mln Australian dollar (Rs 97 cr). Abbot Point has currently one operating terminal named Adani Abbot Point Terminal having firm take or pay contract for 50 mmtpa cargo. The terminal was acquired by […]
L&T Infotech said it will develop and market solutions based on the Oracle’s Internet of Things (IoT) cloud service. The companies will work together on cloud solutions to help manufacturing, utilities and construction companies digitize business processes and improve operational efficiencies. L&T provides comprehensive Oracle solutions and applications encompassing smart sensors, connected assets, real-time visualization and […]
Zydus Cadila, a global healthcare provider, and Takeda Pharmaceutical Company Limited, one of the world´s largest pharmaceutical companies, announced a partnership to develop vaccine for chikungunya, an emerging infectious disease. The broadbased agreement includes early stage development to the final commercialisation of the vaccine against chickungunya. There is currently no vaccine to prevent or medicine to treat […]
