Bhupendra Singh ChundawatPunj Lloyd is reportedly eyeing to expand the scope of its small-arms manufacturing facility in Gwalior in the state of Madhya Pradesh. The unit is likely to start making small-arms such as pistols, mostly for exports, by January 2019. The facility has been mainly focused on exports of assembly components for small-arms. Punj Lloyd is … Read more
Kintech Renewables’ wholly owned subsidiary — Divine Windfarm has sold its wind farm undertaking to third party as identified by the Board of Directors through the execution of Business Transfer Agreement dated November 14, 2018 on a Slump Sale basis for lump-sum consideration. Kintech Renewables is an Independent Power Producer Company engaged in the business … Read more
Wheels India has reported results for second quarter ended September 30, 2018. The company has reported 14.16% fall in its net profit at Rs 22.67 crore for the quarter under review as compared to Rs 26.41 crore for the same quarter in the previous year. However, total income of the company increased by 32.73% at … Read more
Mahindra & Mahindra (M&M) is planning to invest as much as Rs 1,000 crore in Karnataka in order to build a facility for the development and manufacturing of electric vehicles (EVs). The company will implement the project through its subsidiary, Mahindra Electric Mobility. M&M is the flagship company of the Mahindra Group, a multinational conglomerate … Read more
Pfizer has reported results for second quarter ended September 30, 2018. The company has reported 13.81% fall in its net profit at Rs 95.80 crore for the quarter under review as compared to Rs 111.15 crore for the same quarter in the previous year. Total income of the company decreased by 6.39% at Rs 556.80 crore … Read more
Lemon Tree Hotels has signed a License Agreement for a 76 room property located at Bhubaneswar, Odisha under the company’s brand ‘Lemon Tree Premier’. The Hotel is expected to be operational by March, 2020. Carnation Hotels, the hotel management arm of the company will be operating and marketing this hotel. Lemon Tree Hotels is India’s … Read more
Shilpa Medicare has received tentative approval for its ANDA for Dimethyl Fumarate Delayed Release Capsules 120 mg & 240 mg. from USFDA. Dimethyl Fumarate Delayed Release Capsules 120 mg & 240 mg is a generic of TECFIDERA, used in the treatment of patients with relapsing forms of multiple sclerosis. This ANDA is a first to … Read more
