On June 28th, 2024, Alembic Pharmaceuticals Limited disclosed receiving final approval from the US Food & Drug Administration (USFDA) for its Doxycycline Capsules, 40 mg. Doxycycline Capsules treat inflammatory skin lesions (papules and pustules) caused by rosacea in adults. The approval means Alembic’s version is equivalent in effectiveness to the reference drug, Oracea Capsules, 40 …
Bajaj Auto, one of India’s leading exporters of motorcycles and three-wheelers, launched its first overseas manufacturing plant in Brazil. This setup was aided by its subsidiary Bajaj Do Brasil. With this initiative, Bajaj Auto aims to strengthen Bajaj’s position in Latin America’s largest 2-wheeler market by gaining insights into product development and consumer behavior. However, …
There’s a saying, “As the days get longer in June, so do the opportunities in the stock market. Keep your eyes open and your strategies sharp.” This holds especially true for the Indian markets this year. At the start of June, the Indian stock market experienced significant volatility due to the exit poll euphoria followed …
On June 28, 2024, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of India’s leading shipyard Cochin Shipyard Limited (CSL), secured a significant international order from Wilson ASA of Norway. Details of the Contract The contract involves designing and building 4 Dry Cargo Vessels with a capacity of 6300 Metric Tonnes each. An agreement is also …
Vakrangee Limited, a leading technology-driven company focused on financial inclusion, announced a strategic investment to solidify its position in the ATM industry further. The company has signed an agreement to acquire an additional 14.70% equity stake in Vortex Engineering Private Limited (Vortex) from Oasis Capital (Mauritius) Limited. This acquisition increases Vakrangee’s total ownership in Vortex …
HealthCare Global Enterprises Limited (HCG), one of India’s largest cancer care networks, has announced the acquisition of Mahatma Gandhi Cancer Hospital & Research Institute (MGCHRI) in Vizag, Andhra Pradesh, for an Enterprise Value of ₹4,140 million. Initially securing a 51% stake, HCG plans to acquire an additional 34% stake over the next 18 months. This …
On June 27, 2024, Infosys Ltd informed the stock exchanges that Infosys BPM, the business process management arm of the company, inaugurated its second facility at the Montana Industrial Park in Aguadilla, Puerto Rico. This newly established facility, supported by a US$2,00,000 investment and aided by the Puerto Rico Economic Incentive Fund administered by the …
On June 28, 2024, Intellect Design Arena Limited informed the stock exchanges that the company was named a finalist for the Financial Services Award 2024 Microsoft Partner of the Year Award. The company received recognition among leading global Microsoft partners for its innovative excellence and successful implementation of customer solutions utilising Microsoft technology. The Microsoft …
On June 27, 2024, H.G. Infra Engineering Limited announced via a stock exchange filing that it established two new subsidiary companies, H.G. Nayabera Solar Project Private Limited and H.G. Chanpura Solar Project Private Limited. The acquisition of H.G. Nayabera Solar Project Private Limited and H.G. Chanpura Solar Project Private Limited by H.G. Infra Engineering Limited …
On June 28, 2024, Aether Industries Limited informed in a stock exchange filing that the company had executed a Strategic Supply Agreement (SSA) with Baker Hughes. The agreement, formalised on June 25, 2024, in the USA, spans an initial term of 5 years, with provisions for extension by three additional one-year terms and subsequent yearly …
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