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Advanced Enzyme wins India Pharma Awards 2018

Advanced Enzyme Technologies has been adjudged as the winner of the India Pharma Awards 2018 – Excellence in R&D (Development of new product/technology). As informed by UBM India, the winners have been chosen from among the numerous quality nominations received from across myriad verticals of the industry, by their esteemed ... Read More »

Premier Explosives bags order worth $41,000 from Israel Company

Premier Explosives has received an order from an Israel company for Design, Development, Fabrication and Assembly of Rocket Motors. Order amount is $41,000 and is to be executed in six months. This is a trial order having potential for regular commercial supplies in due course of time. Premier Explosives is ... Read More »

Wipro’s arm plans to create automation solutions using Rockwell products

Wipro Infrastructure Engineering (WIN), a part of Wipro is looking to create automation solutions for industries using Rockwell Automation’s products. The company has signed a pact with Rockwell Automation through its arm WIN Automation Solutions to tap the emerging industrial automation market. Wipro is a leading global information technology, consulting ... Read More »

Adani Enterprises’ arm acquires stake in Alpha Design Technologies

Adani Enterprises’ wholly owned subsidiary – Adani Defence Systems and Technologies has acquired stake in Alpha Design Technologies. The cost of acquisition is Rs 400 crore. Alpha Design Technologies provides Adani Defence & Aerospace a strong Tier-I capability for building a base for graduating to platform capabilities. Adani Enterprises is ... Read More »

Adani Transmission incorporates wholly owned subsidiary

Adani Transmission has incorporated a wholly owned subsidiary (WOS) namely, ‘AEML Infrastructure’ (AIL) on December 12, 2018. AIL is yet to commence its business operations. The company has incorporated subsidiary for transmission, distribution and supply of power and other infrastructure services relating thereto. Adani Transmission is a holding company. The ... Read More »

Reliance Capital’s arm sell stake in Menon and Menon

Reliance Capital’s 100% subsidiary — Reliance Corporate Advisory Services has sold 15,60,000 equity shares held in an unlisted company namely Menon and Menon, representing 19.50% of paid-up equity share capital, for an aggregate consideration of worth Rs 23 crore. Reliance Capital, a part of the Reliance Group, is one of ... Read More »

NMDC reports 18.76 MT production of iron ore up to November

NMDC has reported 18.76 million tonne (MT) of iron ore production and logged sales volume of 19.30 MT up to the month of November 2018. The company’s Chhattisgarh mines produced 12.24 MT of iron ore and registered sales volume of 13.78 MT, while Karnataka mines produced 6.52 MT of iron ... Read More »

HCL signs new five-year contract with Aegon

HCL Technologies (HCL) has entered into a new five-year contract with multinational life insurance, pensions and asset management company Aegon. The application services deal will see HCL continue as Aegon’s digital transformation partner, helping to accelerate innovation by establishing and managing a new multi-vendor ecosystem. HCL will also help implement ... Read More »

Subros raises funds on preferential basis

Subros has raised funds on preferential basis. The Allotment Committee of the Board of Directors of the company at its meeting held on December 07, 2018, allotted 52,47,150 Equity Shares of Rs 2 each, on preferential basis, at a price of Rs 400 per Equity Share (including a premium of ... Read More »

CRISIL revises ratings of Man Industries’ bank facilities

Credit rating agency, CRISIL has revised Man Industries’ long-term credit rating from ‘BBB+/Stable’ to ‘A-/Stable’ and the short-term credit rating from ‘A2’ to ‘A2+’. Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The main business line includes manufacturing & coating ... Read More »

Tata Motors’ arm reports retail sales of 48,160 units in November 2018

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported total retail sales of 48,160 vehicles in November 2018, down 8.0% year-on-year reflecting continuing challenging market conditions in China while other major markets were up. Retail sales were up significantly in North America (18.1%) due to strong sales ... Read More »

AstraZeneca Pharma inks distribution agreement with Abbott

AstraZeneca Pharma India and Abbott have entered into a Distribution Agreement for the distribution of Dapagliflozin, an innovative Type 2 diabetes medicine, in India. Dapagliflozin is company’s leading diabetes medicine. Under the agreement, Abbott will promote and distribute Dapagliflozin under the brand name GLEDEPA. Abbott will also gain the rights ... Read More »

CCEA approves sale of government stake in REC to PFC

The Cabinet Committee on Economic Affairs (CCEA) has given in principle approval for strategic sale of the Government of India’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) for an estimated Rs 15,000 crore, along with transfer of management control. ... Read More »

L&T’s construction arm bags orders worth Rs 2,547 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,547 crore. The company’s Power Transmission & Distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220kV Transmission ... Read More »

NTPC likely to buy central government’s stake in SJVN

NTPC is likely to acquire the central government’s stake in SJVN. But, the acquisition deal is stuck because of resistance from Himachal Pradesh government and the company is discussing about it. SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79% stake and ... Read More »

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