BUSINESS

Sayaji Industries has commenced its new state of the art Dextrose Monohydrate Plant at its present factory premises located at Kathwada in Ahmedabad. The company has increased manufacturing capacity of dextrose monohydrate to 60 tons per day from existing 10 tons per day with the investment of around Rs 40 ... Read More »

Lupin has launched Atovaquone Oral Suspension USP, 750 mg/5 mL having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin’s Atovaquone Oral Suspension USP, 750 mg/5 mL is the generic equivalent of Glaxosmithkline LLC’s Mepron oral suspension 750 mg/5 ml. It is indicated for the ... Read More »

Prism Johnson has agreed to acquire upto 30% equity stake for approximately Rs 10 crore in special purpose vehicle (SPV) to be incorporated together with CSE Development India (Cleantech) for setting up captive solar power projects aggregating to 22 MW at various manufacturing facilities of the company. The projects will ... Read More »

Eastern Treads has received an approval for investment in Shipnext Solutions. The company is proposing to acquire 55% of its shareholding (14,41,550 number) of the equity shares at the agreed price of Rs 0.18 per share, amounting to Rs 2.59 lakhs. The Board of Directors of the company in their ... Read More »

Britannia Industries has reported results for second quarter ended September 30, 2018. The company has reported a rise of 15.58% in its net profit at Rs 283.57 crore for the quarter under review as compared to Rs 245.34 crore for the same quarter in the previous year. Total income of ... Read More »

NR Agarwal Industries has temporarily shut down operations of its Unit 5 for a period of 15 days with effect from November 11, 2018 for the purpose of annual maintenance. NR Agarwal Industries is an India-based company. The company is engaged in the business of manufacturing of paper boards and ... Read More »

Eastern Treads has received an approval for investment in Shipnext Solutions. The company is proposing to acquire 55% of its shareholding (14,41,550 number) of the equity shares at the agreed price of Rs 0.18 per share, amounting to Rs 2.59 lakhs. The Board of Directors of the company in their ... Read More »

Lupin has launched Atovaquone Oral Suspension USP, 750 mg/5 mL having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin’s Atovaquone Oral Suspension USP, 750 mg/5 mL is the generic equivalent of Glaxosmithkline LLC’s Mepron oral suspension 750 mg/5 ml. It is indicated for the ... Read More »

Greenply Industries has reported results for second quarter ended September 30, 2018. The company has reported 60.80% fall in its net profit at Rs 14.26 crore for the quarter under review as compared to Rs 36.38 crore for the same quarter in the previous year. However, total income of the ... Read More »

Dredging Corporation of India has reported results for second quarter ended September 30, 2018. The company has reported a net loss of Rs 79.16 crore for the quarter under review against net profit of Rs 18.59 crore for the same quarter in the previous year. Total income of the company ... Read More »

Tata Consultancy Services (TCS) has partnered with ENGIE Laborelec, a leading utilities research center, and part of the ENGIE Group. The partnership will focus on developing new products and services for the utilities sector to deliver protection against emerging cyber security threats. The collaboration between TCS and ENGIE Laborelec will ... Read More »

Acrysil has entered into an agreement for supply of Quartz Kitchen Sinks with Grohe, leading German Brand which is a part of Japanese major multi billions USD ‘LIXIL Group’. The agreement has potential to bring in additional revenues to the tune of around $7‐8 million (around Rs 50-60 crore) in ... Read More »

Titan Company has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 2.86% in its net profit at Rs 314.38 crore for the quarter under review as compared to Rs 305.64 crore for the same quarter in the previous year. Total income ... Read More »

Vikas Proppant & Granite has received LOI licences subject to Environment Clearance for mining of granite and manufacturing of proppant in its forthcoming factory at Boronada RIICO Industrial Area, Jodhpur having its production capacity of 300000 Tons per annum. The company is also under the process of negotiation of an ... Read More »

Bharat Heavy Electricals (BHEL) has successfully commissioned the 120 MW Pulichintala Hydro-Electric Project (HEP) in Telangana, with the commissioning of the fourth and final 30 MW hydro generating unit. The other three units of the 4×30 MW Pulichintala HEP, commissioned earlier by BHEL, have been operating successfully. Located in Suryapet ... Read More »

Steel Authority of India’s (SAIL) new hot strip mill at Rourkela steel plant (RSP) is likely to get completed by the beginning of financial year 2020, which will augment the unit’s hot rolled steel making capacity along with enabling RSP to produce advance grade HR coils. This will help RSP ... Read More »

Usha Martin has received shareholders’ approval to sell its steel business to Tata Steel as a going concern on a slump sale basis. The sale of its steel business to Tata Steel will help the company significantly reduce its debt. Earlier, Tata Steel has executed definitive agreements for the acquisition ... Read More »

Bharti Airtel is planning to pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International (Netherlands), using the proceeds it got from six global entities investing in its Africa unit. This offer has been made with a view to pro-actively manage its capital structure, reduce gross debt and leverage by ... Read More »

E.I.D. Parry (India) has reported results for second quarter ended September 30, 2018. The company has reported a fall of 86.35% in its net profit at Rs 10.91 crore for the quarter under review as compared to Rs 79.91 crore for the same quarter in the previous year. Total income ... Read More »

The Regulatory Authority of Germany (Regierung von Oberbayern) has concluded the follow-on audit of Dr. Reddy’s Laboratories’ Formulations manufacturing facility in Duvvada, Vishakapatnam, on November 09, 2018. The facility is considered compliant and the EU-GMP certification continues to remain active with one specific exclusion of a new product. The company ... Read More »