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INDSIL Hydro leases specified plant and machinery

INDSIL Hydro Power and Manganese has received an approval for leasing out specified plant and machinery of the company situated at Urla Industrial Area, Raipur in the state of Chhattisgarh. The Board of Directors of the company approved the same on November 26, 2018. INDSIL Hydro Power and Manganese is ... Read More »

Alembic Pharma’s JV gets approval from USFDA for Lidocaine Ointment

Alembic Pharmaceuticals’ Joint Venture (JV) — Aleor Dermaceuticals has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Lidocaine Ointment USP, 5%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Xylocaine Ointment, 5%, of AstraZeneca Pharmaceuticals LP ... Read More »

Ashok Leyland on track to meet the 2020 emission norms

Ashok Leyland has achieved its internal milestone for the full range of M&HCV, on the road to meeting the BS-VI emission norms. Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense ... Read More »

M&M to leverage SsangYong to expand portfolio: Report

Mahindra & Mahindra (M&M) is reportedly planning to make use of SsangYong, an overseas unit, to develop new products and expand its portfolio seven years after acquiring the South Korean brand. The company has set a goal of selling 9,000 units per month from all 3 new products planned this ... Read More »

PCS Technology plans to register as NBFC-ND

PCS Technology has submitted an application to the Department of Non-Banking Regulation of Reserve Bank of India, Mumbai under section 45-IA of the RBI Act, 1934 for registration as NBFC – ND (Non Banking Financial Companies -Non-Deposit Taking) Type I on November 22, 2018. PCS Technology is a leading IT ... Read More »

Vikas Proppant receives export order worth Rs 448.47 crore

Vikas Proppant & Granite has received an export order of 75500 tons 40mesh proppant worth Rs 448.47 crore from TATNEFT, Russian Company, which is sixth largest oil and gas drilling company having its operations worldwide. Proppants would be shipped for their operations in Libya and Algeria. Besides, the Management has ... Read More »

Shree Rama Multi-Tech to sell assets of Ambaliyara Plant

Shree Rama Multi-Tech has decided to sell/ dispose of Assets of Ambaliyara Plant situated at Village Ambaliyara District Mehsana, Gujarat to any person(s)/ body corporate(s) subject to necessary approval[s) of lenders, members and other statutory authorities, if any and to delegate powers in connection therewith. The Board of Directors of ... Read More »

Innovative Ideals enters into business alliance with Hotel Holmes

Innovative Ideals and Services (India) has entered into a business alliance with Hotel Holmes, Malaysia & Singapore, a four/five star luxury chain of hotels. As per the MOU, all security & automation products required for the projects will be supplied and executed on turnkey basis by Innovative for the Hotel ... Read More »

Tata Motors’ arm launches new luxury SUV

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) — has launched a new compact luxury SUV, designed, engineered and manufactured in Britain, as a sign of its commitment to the UK car industry. The new Range Rover Evoque, dubbed a ‘baby’ Range Rover, which had its world debut ... Read More »

RIL’s arm incorporates wholly owned subsidiary in Estonia

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has incorporated wholly owned subsidiary company namely, ‘Jio Estonia OU’ in Estonia, on November 22, 2018. Entire paid up share capital of Jio Estonia OU is held by RIIHL. Jio Estonia OU proposes to engage in the ... Read More »

GPT Infraprojects bags contract worth Rs 81.50 crore

GPT Infraprojects has bagged an order valued at Rs 159.81 crore and the company’s share being 51% i.e. Rs 81.50 crore. The contract is for construction of substructure of Bridge No. – 134 and Chum test of piles of Bridges No 148, 169A, 169B, 169C, 171, 172 & 174 including ... Read More »

Yes Bank completes first digital transaction with WGBL

Yes Bank has completed first-of-its-kind digital transaction with Welspun Global Brands (WGBL) – a subsidiary of Welspun India, in the form of e-Presentation, involving end-to-end electronic presentation of export documents. WGBL has yearly export flows of $700 million. With this transaction, Yes Bank has become 1st Indian Bank to facilitate ... Read More »

Welspun Enterprises divests 50% stake in DBCL

Welspun Enterprises has completely divested its 50% stake in Dewas Bhopal Road Corridor (DBCL) for a total consideration of Rs 184.10 crore as against its fund infusion of Rs 85.40 crore implying a multiple of 2.15x. DBCL also had an outstanding debt of Rs 317 crore at the time of ... Read More »


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