Editor Bajaj Auto may reportedly hike prices of Pulsar, Discover and Avenger (125cc and above) motorcycles between Rs 4,000-10,000 post-April 2019 due to the incorporation of anti-lock braking system (ABS) safety norm. Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra … Read more
The government is planning to further allot 10 mines to Coal India (CIL) in 2019. Of the 85 mines already allotted, 23 have already started production and the Coal Ministry expects 20 more mines to begin production in the current financial year ending March 2019 or early in the next fiscal. Coal India is the … Read more
Digility Inc. (now known as Mastek Inc.) has repaid the loan availed by it from Axis Bank UK. Consequently, Axis Bank UK has retuned / released the corporate guarantee and mortgage of Pune Property given / created by the company in its favour. Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for … Read more
Dr. Reddy’s Laboratories has launched Sevelamer Carbonate for Oral Suspension, in 0.8 g and 2.4 g packets, a therapeutic equivalent generic version of Renvela (sevelamer carbonate) for Oral Suspension, approved by the U.S. Food and Drug Administration (USFDA). The Renvela brand and generic had U.S. sales of approximately $101 million MAT for the most recent … Read more
Tata Steel has supplied 15kT of Tata Tiscon rebars for the construction of Bogibeel Bridge, the country’s only bridge that has fully welded steel-concrete composite girders. Out of the total rebars used in building this engineering wonder, 75% of rebar steel has been supplied by Tata Steel. Tata Steel, the flagship company of the Tata … Read more
Hindustan Unilever (HUL) is considering legal options after GST anti-profiteering authority found it guilty of not passing on rate cut benefits to consumers. On December 24, 2018, the National Anti-Profiteering Authority (NAA) passed an order against the company for depositing an amount of Rs 223 crore. HUL is India’s largest Fast Moving Consumer Goods Company … Read more
Tata Steel in association with Jharkhand Boxing Association has inaugurated the 12th Jharkhand State Boxing Championship at Noamundi Boxing Centre (NBC) on December 26, 2018. In a 4-day championship scheduled from December 26, 2018, more than 337 rising boxers from 15 districts of Jharkhand will present their bout for the championship title. Tata Steel, the … Read more
Vakrangee will launch its 3,300+ Nextgen Vakrangee Kendras across Pan India on January 14, 2019. After successful launch in the Mumbai Metropolitan Region (MMR) & National Capital Region (NCR), the company has now announced the pan-India rollout of these outlets. These Nextgen Vakrangee Kendras offer a comprehensive range of products and services across banking, insurance, … Read more
Ladderup Finance has received approval from its board for investment in Godland Resorts by way of allotment of 75,001 fully paid up equity shares of face value Rs 10 each for a total consideration of around Rs 2.73 crore. This represents 50% of the total equity share capital, which makes Godland Resorts subsidiary of the … Read more
InterGlobe Aviation (IndiGo) is planning to launch its first long range jet A321neo (new engine option) in its fleet, after a delay of almost one month, which will pave the way for the airline to launch its much-awaited medium-haul international operations. The company’s first A321neo plane, which was to join the fleet late last month, … Read more
Adani Ports and Special Economic Zone (APSEZL) has successfully concluded the import and dispatch of 50 General Electric Transportation (GE) locomotives from Mundra port for the Indian Railways with full customer satisfaction and ‘zero’ incident. All 50 locomotives were manufactured by GE Electromotive Division in the US and imported at Mundra port for the Indian … Read more
Chemfab Alkalis has successfully commissioned PVC-O project, at its manufacturing facility at Sricity – Tada, Andhra Pradesh, on December 22, 2018 for manufacturing and selling of PVC – O pipes & fittings. Chemfab Alkalis is the first Chloralkali Plant in India, to introduce and successfully implement Ion Exchange Membrane Cell technology for Chlor-alkali production, in … Read more
Power Finance Corporation’s (PFC) wholly owned subsidiary — PFC Consulting has transferred Obra-C Badaun Transmission to Adani Transmission. Obra-C Badaun Transmission is a wholly owned subsidiary of PFC Consulting established for development of Transmission System for evacuation of power from Obra-C (2×660 MW) Thermal Power Project & Construction of 400 kV GIS substation Badaun with … Read more
NTPC has received investment approval for Bilhaur Solar PV Project of 140 MW capacity and Auraiya Solar PV Project of 20 MW capacity. Earlier on October 10, 2018, the company participated for 160 MW Solar capacities in Uttar Pradesh and has won the entire capacity bid by it, comprising 140 MW at a levelised tariff … Read more
Sun Pharmaceutical Industries’ wholly owned subsidiary — DUSA Pharmaceuticals, Inc. has been granted preliminary injunctive relief by a federal district court prohibiting defendants Biofrontera Inc., Biofrontera Bioscience GmbH, Biofrontera Pharma GmbH, and Biofrontera AG from using DUSA’s confidential and proprietary trade secret information. Sun Pharmaceutical Industries (SPIL) is the world’s fourth largest specialty generic pharmaceutical … Read more
Dhruv Consultancy Services has secured the Letter of Award (LoA) for the Independent Engineer Services for the Hybrid Annuity Mode Project in the state of Maharashtra – for 4 laning of Sangli – Solapur (Package II – Borgaon to Watambare) Section of NH 166 from existing Ch Km 219.956 to Ch. 272.394 (Design Ch Km … Read more
GRP has invested Rs 327.97 lakh as capital contribution in Gripsurya Recycling LLP (GSRL). With this, the company has acquired controlling interest in GSRL, from Grip Polymers., its wholly owned subsidiary. GSRL is engaged in manufacturing of ground rubber from waste tyres at its plant in Pithampur in the state of Madhya Pradesh, since October, … Read more
SpiceJet has launched daily direct flight on the Kolkata-Lilabari route under the regional connectivity scheme, UDAN. The company has also launched a new direct flight connecting Kolkata with Jabalpur and an additional frequency on Hyderabad-Jabalpur route. All new flights and frequencies are scheduled to commence from January 15, 2019. SpiceJet is among the first private … Read more
Hero MotoCorp owned electric scooter startup Ather Energy, is reportedly preparing to raise between Rs 200 – 300 crore in coming 10 months to expand into fresher markets such as Chennai and Pune. This investment will support Ather’s needs for a year, and company would raise more funds in the next coming years for its … Read more
Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,357 crore. The company’s Water and Effluent Treatment and Transportation Infrastructure Business have secured order worth Rs 1,281. A Design & Build order has been received from the Andhra Pradesh Capital Region Development Authority (AP CRDA) for -“investigation, design and construction … Read more