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NHPC inks MoU with Ministry of Power for 2017-18

NHPC has signed a Memorandum of Understanding (MoU) with Ministry of Power, Government of India for the year 2017-18. As per the MoU, the generation target under excellent rating has been set as 24,000 Million Units (MU) as against last year target of 23,500 MU. Excellent Targets for Revenue from ... Read More »

Alembic Pharmaceuticals receives USFDA approval for Amantadine Hydrochloride Capsules

Alembic Pharmaceuticals has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Amantadine Hydrochloride Capsules, USP, 100mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Symmetrel Capsules, 100mg, of Endo Pharmaceuticals Inc. Amantadine Hydrochloride Capsules have ... Read More »

RBI To Issue New Rs. 500 Notes With Inset Letter ‘A’: Five Things To Know

Reserve Bank of India or RBI is issuing a new batch of Rs. 500 banknotes with the inset letter ‘A’, the central bank said today. In a notification, RBI said: “In continuation of issuing of Rs. 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are ... Read More »

GST Council lowers tax rates for 66 items, including movie tickets

Tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs 100 have been lowered as the Centre and states today reduced levies on 66 items. Movie tickets costing Rs 100 and below will now attract 18 per cent tax, as ... Read More »

Linde India receives indirect acquisition notice from Zamalight PLC

Linde India has received a notice from Zamalight PLC in relation to the proposed indirect acquisition of control over Linde India by Zamalight PLC pursuant to the proposed merger of equals between Linde AG (ultimate holding company of Linde India) and Praxair, Inc. Linde India, formerly BOC India, is a ... Read More »

ICRA upgrades rating of Indiabulls Housing Finance’s NCD programme

Credit rating agency ICRA has upgraded rating of Indiabulls Housing Finance’s Rs 200 crore non-convertible debenture (NCD) programme to ‘AAA’ from ‘AA+’. The outlook on the rating is ‘Stable’. The rating agency has also assigned the rating of ‘AAA (stable)’ to Rs 50,000 crore NCD programme and Rs 50,000 crore ... Read More »

Ind-Ra affirms ratings assigned to Strides Shasun’s bank facilities

Credit rating agency, India Ratings and Research (India-Ra) has affirmed Strides Shasun’s (SSL) long-term issuer rating at ‘A’ with stable outlook. Strides Shasun (formerly known as Strides Arcolab) is engaged in manufacturing, sale and export of pharmaceutical products. It offers general tablets, hard gelatin and soft gelatin capsules, sachets, potent ... Read More »

Cyient expands strategic relationship with United Technologies Corporation

Cyient’s subsidiary Cyient DLM (formerly known as Rangsons) has been qualified as an approved product supplier to UTC Aerospace Systems. This expands Cyient’s 15 years relationship with United Technologies Corporation (UTC) as a valued engineering service provider. Besides, Cyient and UTC also extended the master terms agreement through 2020, enabling ... Read More »

Endurance Technologies plans capacity expansion at Chennai Plant

Endurance Technologies has planned expansion of its annual installed capacity for manufacture of aluminium die casting (high pressure) and machining components/parts at its plant in Chennai. The company is planning expansion of installed capacity from 8,161 million tonnes to 12,250 million tonnes, which will be done in a phased manner ... Read More »

Indiabulls Ventures commences consumer finance business

Indiabulls Ventures’ (IVL) wholly owned subsidiary – IVL Finance’s networth has increased to over Rs 1,000 crore, through capital investments from IVL. IVL Finance would be undertaking consumer finance business. The consumer finance business is expected to significantly add to the consolidated bottom line of IVL going forward. IVL Finance ... Read More »