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H.G. Infra Engineering Expands into Solar Sector with New Subsidiary Acquisition

H.G. Infra Engineering Expands into Solar Sector with New Subsidiary Acquisition

13 June 2024

On June 13, 2024, H.G. Solar Projects Private Limited, a wholly-owned subsidiary of H.G. Infra Engineering Limited, established a wholly-owned subsidiary called H.G. Sanchore Solar Project Private Limited. The target entity is H.G. Sanchore Solar Project Private Limited. As the company has not yet commenced business operations, its turnover is unavailable. The acquisition might be …

L&T Energy Expands Offshore Footprint with ONGC’s Daman Upside Development Project

L&T Energy Expands Offshore Footprint with ONGC’s Daman Upside Development Project

13 June 2024

On June 13, 2024, Larsen & Toubro’s Hydrocarbon division secured a contract from Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project-Wellhead Platforms & Pipelines. This project, located off India’s west coast in the Tapti Daman block, involves building four Wellhead Platforms, a 140-km Pipeline, and necessary Topside modifications. Commenting on this, …

Kotak Life and Mahindra Finance Join Forces to Provide Life Insurance Solutions

Kotak Life and Mahindra Finance Join Forces to Provide Life Insurance Solutions

13 June 2024

On June 13, 2024, Mahindra & Mahindra Financial Services Limited (Mahindra Finance) informed in a stock exchange filing that the company partnered with Kotak Mahindra Life Insurance Company Ltd (Kotak Life). The company stated that the collaboration will benefit over 10 million Mahindra Finance customers by providing a comprehensive range of tailor-made life insurance solutions …

CAMSRep Revolutionises Insurance Management with Bima Central Platform

CAMSRep Revolutionises Insurance Management with Bima Central Platform

13 June 2024

CAMS Insurance Repository Services (CAMSRep), a leading player in the Indian insurance industry, has launched a revolutionary platform called Bima Central. This one-stop solution aims to simplify insurance portfolio management for policyholders, eliminating the hassle of juggling multiple policies and providers. Features of Bima Central Many individuals in India, who often purchase insurance policies from …

Dr Reddy’s USA Secures Exclusive Rights for Cyclophosphamide Injection in the US

Dr Reddy’s USA Secures Exclusive Rights for Cyclophosphamide Injection in the US

13 June 2024

On June 12, 2024, Dr Reddy’s Laboratories Ltd informed the stock exchanges that the company’s step down wholly owned subsidiary, Dr Reddy’s Laboratories, Inc. (Dr Reddy’s USA), and Ingenus Pharmaceuticals, LLC (Ingenus), a Delaware limited liability company. This agreement grants Dr Reddy’s USA exclusive rights to commercialise Cyclophosphamide Injection RTD (500 mg/2.5mL; 1g/5mL; 2g/10mL) in …

Maithan Alloys Buys Shares in Major Defence and Natural Gas Companies

Maithan Alloys Buys Shares in Major Defence and Natural Gas Companies

13 June 2024

On June 13, 2024, Maithan Alloys Limited informed in a stock exchange filing about the acquisition of equity shares of listed entities Bharat Electronics Ltd, Gail (lndia) Ltd and Hindustan Aeronautics Ltd through the Stock Exchange. Acquisition of Shares in Bharat Electronics Ltd Maithan Alloys acquired shares in Bharat Electronics Ltd on June 12, 2024, …

Godrej Properties Ltd Shares Touch Rs 3,000 Mark for the First Time

Godrej Properties Ltd Shares Touch Rs 3,000 Mark for the First Time

13 June 2024

Shares of Godrej Properties Ltd, largest developer in India by the value and volume of residential sales achieved, have touched the Rs 3,000 mark for the first time, marking a significant milestone for the company. This achievement is underpinned by a remarkable increase in sales bookings and a buoyant real estate market. According to data …

GPT Infraprojects Wins ₹26 Crore Contract from Transnet Freight Rail

GPT Infraprojects Wins ₹26 Crore Contract from Transnet Freight Rail

13 June 2024

On June 13, 2024, GPT Infraprojects Limited (GPT) announced that it had secured an order worth ₹26 crore. Transnet Freight Rail, South Africa, has awarded the contract for supplying concrete sleepers manufactured at the Ladysmith factory. Valued at ₹26 crore, the order pertains to GPT Concrete Products South Africa (Pty) Limited, a subsidiary of GPT …

EaseMyTrip in focus after winning the MICE Excellence Award 2024

EaseMyTrip in focus after winning the MICE Excellence Award 2024

13 June 2024

About the award EaseMyTrip has been honoured with the prestigious MICE Excellence Award at the Starz of India’s Awards 2024. This recognition celebrates EaseMyTrip’s exceptional contributions to the Meetings, Incentives, Conferences, and Exhibitions (MICE) program. The MICE program provides comprehensive travel solutions for corporate clients, ensuring a seamless experience for business and exhibition travel. The …

Glenmark Pharmaceuticals Receives FDA Approval for Esomeprazole Magnesium Capsules

Glenmark Pharmaceuticals Receives FDA Approval for Esomeprazole Magnesium Capsules

13 June 2024

On June 12, 2024, Glenmark Pharmaceuticals Limited informed in a stock exchange filing that the company got final approval from the United States Food and Drug Administration (US FDA) for Esomeprazole Magnesium Delayed-Release Capsules USP, 20 mg (OTC). The FDA has determined these capsules to be bioequivalent to Nexium® 24 HR Delayed-Release Capsules, 20 mg …

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