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USFDA completes inspection of Lupin’s Mandideep location

United States Food and Drug Administration (USFDA) has completed inspections at Lupin’s Mandideep location. Lupin’s Mandideep location houses the company’s cardiovascular ‘Pril’ API facilities, Cephalosporin API facilities and Cephalosporin Solid Oral Dosage Form facility. These inspections were carried out between November 26 and December 4, 2018. The inspection at Unit-2, ... Read More »

Seamec’s Vessel ‘SEAMEC III’ commences one year Charter with ONGC

Seamec’s Vessel ‘SEAMEC III’ has commenced one year Charter with ONGC effective from December 04, 2018. As intimated earlier, the value of Charter during firm period is $22.1 million inclusive of GST. Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, ... Read More »

Tech Mahindra joins hands with H2O.ai

Tech Mahindra has joined hands with open source artificial intelligence firm H2O.ai to establish a Center of Excellence to provide artificial intelligence (AI) and machine learning solutions to enterprise customers. Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by ... Read More »

SBI to cease to be EPFO fund manager by March end

State Bank of India (SBI) will cease to be a fund manager of retirement fund body EPFO by March-end, as a bank cannot function as an asset management company under the Reserve Bank of India (RBI) norms. SBI is the country’s largest lender and it offers a wide range of ... Read More »

Maruti Suzuki reports 12.6% fall in November production

Maruti Suzuki India has reported 12.6% fall in its production to 135,946 vehicles in November 2018, as compared to 155,568 vehicles in November 2017. Of total, the company manufactured 30,147 vehicles under mini segment (including Alto, Wagon R) in November 2018, as against 39,115 units manufactured in corresponding month previous ... Read More »

Asian Oilfield Services’ arm enters into settlement deed of $4 million

Asian Oilfield Services’ wholly owned subsidiary–Asian Oilfield & Energy Services DMCC (ADMCC) has entered into a Settlement Deed of $4 million as final settlement amount with Koral Energy International for recovery of monies due under the Service Contract. Earlier, the company’s subsidiary ADMCC had received an alleged termination notice from ... Read More »

RIL’s telecom arm adds 1.30 crore subscribers in September

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) added a paltry 1.30 crore customers in September 2018. Following this, the company’s total customer base has increased to 25.23 crore with market share of 21.57%. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration ... Read More »

Tata Steel launches ‘Tata Tiscon SD’ in South India

Tata Steel has launched its best-in-class Tata Tiscon SD (Super Ductile) rebar in the southern markets. The new rebar will replace the current product, Tiscon 500D. The new product, made with an improved mix of carbon, sulphur, phosphorous and other alloying elements as well as post-rolling treatment, promises a stronger ... Read More »

State Bank of India raises funds via bonds

State Bank of India (SBI) has raised funds by allotting 40,210 Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured Basel III compliant Additional Tier 1 Bonds, for inclusion in Additional Tier 1 Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each, at par, bearing coupon ... Read More »

Bharti Airtel loses 23.58 lakh subscribers in September

Bharti Airtel has lost a paltry 23.58 lakh customers in September 2018. Following this, the company’s total customer base has decreased to 34.35 crore with market share of 29.38%. Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa. Read More »

Indiabulls Ventures raises funds around Rs 1480 crore

Indiabulls Ventures has raised funds around Rs 1480 crore. The Allotment Committee of the Board of Directors of the company, in its meeting held on December 4, 2018, has issued and allotted an aggregate of 2,69,09,089 Compulsorily Convertible Debentures of face value of Rs 550 each (CCDs), for a value ... Read More »

Pabrai Investment Funds sells 3% stake in Repco Home Finance

Pabrai Investment Funds has sold 3% stake in Repco Home Finance through an open market transaction for an estimated worth Rs 60 crore. Pabrai Investment Funds which held 7.16% stake in Repco Home Finance earlier, sold 17.85 lakh shares representing 2.85% of equity stake. Repco Home Finance is into the ... Read More »

Cox and Kings launches ‘Tour to Feast’ in India: Report

Cox and Kings has reportedly launched ‘Tour to Feast’ a special culinary tours for India which is crafted by culinary experts. This tour will take travelers to India’s most popular culinary destinations and through the evolution of the cuisines of each region. The company is offering the most popular culinary ... Read More »

Force Motors’ SCV & LCV production stands at 1,130 units in November

Force Motors has reported the production, sales and export of the products manufactured by the company during the month of November 2018. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,130 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood ... Read More »

Oil India commissions Cyclic Steam Stimulation Technology

Oil India has successfully commissioned the Cyclic Steam Stimulation (CSS) Technology in the well BGW – 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India. As part of the Pilot Project, CSS will be implemented in two more wells followed by ... Read More »

Aditya Birla Fashion’s arm launches ‘Open Work Culture’ campaign

Aditya Birla Fashion and Retail’s semi-formal brand — Allen Solly has launched its latest campaign ‘Open Work Culture’ – recognizing the importance of an employee-friendly work environment. In line with the brand philosophy of embracing #OpenWorkCulture through its ‘Cool Work Wear’, the campaign highlights the cool quotient of a new-age ... Read More »