Lupin’s arm partners with ASHA, NPWH

Lupin’s wholly owned subsidiary in US — Lupin Pharmaceuticals — has partnered with the American Sexual Health Association (ASHA) and the National Association of Nurse Practitioners in Women’s Health (NPWH) to conduct a two-pronged national online survey among women who have been diagnosed with bacterial vaginosis (BV) and healthcare providers (HCPs) who treat women with … Read more

Shalimar Paints lays down foundation of Nashik manufacturing plant

Shalimar Paints has laid down the foundation of a manufacturing unit to be rebuilt in Nashik, in the state of Maharashtra. The company set to commence operations by April 2019 with a planned production capacity of 2,180 kilolitres per month, Shalimar’s state-of-the-art Nashik facility will increase the brand’s overall production capacity by 65%. It is … Read more

LTI in alliance with PTC unveils IoT Center of Excellence

Larsen & Toubro Infotech (LTI) in alliance with USA-based PTC has unveiled a state-of-the-art Center of Excellence (CoE) in Bengaluru, focused on Internet of Things (IoT)-based innovations. The CoE will focus specifically on Industry 4.0 solutions in Manufacturing and Oil & Gas sectors. LTI will leverage the CoE to design, build and showcase solutions for … Read more

Allahabad Bank raises Rs 1,790 crore from GoI via preferential issue

Allahabad Bank has raised around Rs 1,790 crore from the Government of India (GoI). The Share Issue and Allotment Committee of the Board has approved for allotment of 38,92,15,046 new equity shares of face value of Rs 10.00 of the Bank on preferential basis to the Government of India (President of India) at an Issue … Read more

Manomay Tex India to avail credit facilities up to Rs 80.62 crore from Consortium Bank

Manomay Tex India has received an approval for availing Credit Facilities up to Rs 80.62 crore from Consortium Bank i.e. State Bank of India (Lead Bank), Industrial Estate Branch, Bhilwara and Oriental Bank of Commerce (Member Bank), Gandhi Nagar, Bhilwara. The Board of Directors of the company at their meeting held on October 15, 2018, … Read more

M&M to launch its luxury SUV

Mahindra & Mahindra (M&M) will launch its luxury SUV, codenamed Y400, on November 19, 2018. The Y400 will be under the Mahindra brand and will be exclusively available through a separate high-end showroom within the existing ‘World of SUVs’ dealerships which have been created with the objective to redefine customer experience, with regards to both … Read more

Sterlite Tech bags contract to build, manage Indian Navy’s next-gen Digital Network

Sterlite Technologies has been awarded the confirmed Purchase Order for designing, building and managing the Indian Navy’s digital network. This Rs 3,500-crore project is a multi-year contract, which will include design, execution, operations and maintenance of the Navy Digital Network. The company had in February 2018 announced the award of the Advanced Purchase Order (APO) … Read more

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