BUSINESS

Vikas WSP has launched high resistant Starch Ozonized Wheat Flour (a little more than ORGANIC) for home consumption and export developed by the company with the technical knowhow of University of Nebraska (UNL) Food Innovation Center, Lincoln, USA with an installed capacity of 30000 tons/annum. The product is produced by ... Read More »

Godrej Properties has acquired iconic R K Studios’ land in Chembur, Mumbai. The company will develop here a mixed-use project housing luxury flats and retail space. Spread on over across 2.2 acres of land, this project will offer approximately 33,000 square meters (about 0.35 million square feet) of saleable area ... Read More »

HIL has commenced the final phase production of its CpVC, UpVC and SWR (Soil, Waste & Rain) Pipes and Fittings at its plant located at Golan Plant in the state of Gujarat. This is in line with the company’s intention to expand the plumbing solutions business with an extended portfolio. ... Read More »

Varun Beverages has concluded the acquisition of franchise rights in South and West regions from PepsiCo India Holding (PepsiCo) for a national bottling, sales and distribution footprint in 7 States and 5 Union Territories of India. Transfer of manufacturing facilities in above territories is in progress and shall be completed ... Read More »

Oil and Natural Gas Corporation (ONGC) has restored operations at its fields in the Bay of Bengal after a category-4 cyclone made landfall without causing any disruption to its offshore installations. As a precaution the company had halted operations, evacuated some 500 employees and towed rigs to safer waters ahead ... Read More »

Orient Green Power Company has received approval to disinvest its entire holding of 9,18,954 equity shares (aggregating 57.92%) held in Sanjog Sugars and Eco-Power (Bio Mass Subsidiary) in favour of Soorya Eco Power as per Share Purchase Agreement (SPA) executed by the company with Soorya Eco Power. The Board of ... Read More »

Ericsson has been selected by Vodafone Idea to deploy its Cloud Packet Core to enhance its existing core network. As part of this deal, the company will benefit from Ericsson’s market leading core network applications and Network Functions such as Ericsson virtual Evolved Packet Gateway (vEPG), Service Aware Policy Controller ... Read More »

The Reserve Bank of India (RBI) has levied penalty of Rs 11.25 lakh on Yes Bank for violating money transfer norms. The RBI has identified certain violations of its circular of 2011 on Domestic Money Transfer – Relaxations and master directions issued in October 2017 on issuance and operation of ... Read More »

Bombay Dyeing & Manufacturing Company has reported results for fourth quarter and year ended March 31, 2019. The company has reported many fold jump in its net profit at Rs 1253.33 crore for the quarter under review as compared to Rs 10.95 crore for the same quarter in the previous ... Read More »

Bombay Stock Exchange (BSE) has scheduled a mock trading session for various segments on May 4. The mock trading session will be conducted for equity, commodity derivatives, currency derivatives and equity derivatives segments. The login session for all the segments will start at 09:30 am and last till 10:00 am. ... Read More »

Container Corporation of India has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 20.70% in its net profit at Rs 352.31 crore for the quarter under review as compared to Rs 291.90 crore for the same quarter in the previous ... Read More »

DIL’s subsidiary — Fermenta Biotech has been certified as Great Place to Work by a Global authority (Great Place to Work). This recognition is considered as the ‘Gold Standard’ in ‘Employer of Choice’ recognitions. DIL is engaged in the business of research support services through their subsidiary Research Support International ... Read More »

Shreyas Shipping & Logistics has received an amount of Rs 30 crore towards settlement of insurance claim due to Fire on SSL Kolkata. Shreyas Shipping & Logistics was formed primarily to own and operate vessels for feedering of containers between Indian Ports and Internationally renowned container transshipment ports. Read More »

Grasim Industries’ brownfield expansion of 45 TPD Value Added Speciality Fibre capacity at Kharach unit in Gujarat has been fully commissioned and the commercial production at the said plant has commenced from May 01, 2019. Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise ... Read More »

Birlasoft has won the prestigious ‘Expense Management Partner of the Year 2018’ at the SAP India Partner Summit 2019, held in New Delhi. The SAP Partner Awards are presented annually to the top SAP partners that have excelled in developing and strengthening their alliance with SAP to drive customer success. ... Read More »

Cipla and its subsidiary Cipla USA, Inc., are set for a phased launch of generic Cinacalcet Hydrochloride tablets (30mg, 60mg and 90mg) in the USA. The launch is a subject of ongoing litigation. Cipla’s cinacalcet hydrochloride tablets (30mg, 60mg and 90mg) is AB-rated generic therapeutic equivalent version of Sensipar, a ... Read More »

Thomas Cook (India) has entered into a strategic agreement with Sentosa Development Corporation (SDC), Singapore to bring more tourists from India to Sentosa, a holiday island-in-the-city that is home to a diverse array of novel leisure experiences. Thomas Cook India and SDC have entered into the three-year strategic agreement to ... Read More »

Laurus Labs has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 5.18% in its net profit at Rs 43.95 crore for the quarter under review as compared to Rs 46.35 crore for the same quarter in the previous year. However, ... Read More »

Glenmark pharmaceuticals’ subsidiary — Glenmark Therapeutics Inc., USA has entered into co-promotion agreement with Otonomy, Inc. a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology. Glenmark Therapeutics is dedicated to developing and commercializing a franchise of branded products for Glenmark Pharmaceuticals and is focused in the areas ... Read More »

Ajanta Pharma has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 47.30% in its net profit at Rs 41.37 crore for the quarter under review as compared to Rs 78.50 crore for the same quarter in the previous year. Total ... Read More »