Given its importance to economic growth, the Indian automobile industry has always been a reliable gauge of the state of the country’s economy. India is a significant vehicle exporter as well, and its exports are expected to rise significantly in the near future. In June 2024, the total production of passenger vehicles, three-wheelers, two-wheelers, and …
On October 2, 2024, Dr Reddy’s Laboratories Ltd announced that it has entered into a royalty-free, non-exclusive licensing agreement with Gilead Sciences Ireland UC. This agreement allows Dr Reddy to manufacture and sell the drug Lenacapavir in India and 120 other countries. Lenacapavir, approved by the USFDA, is used to treat HIV-1 infections in adults …
On October 2, 2024, Zydus Lifesciences Limited (including its subsidiaries/affiliates, collectively called “Zydus”) received tentative approval from the USFDA to produce Enzalutamide Tablets in 40 mg and 80 mg doses (a generic version of Xtandi® Tablets). These tablets are used to treat patients with castration-resistant prostate cancer and metastatic castration-sensitive prostate cancer. The tablets will …
Dalmia Bharat Limited has announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders Agreement (SSSHA) with Bijlee Kandasamy Private Limited on October 1, 2024. This agreement allows DCBL to acquire a 25.38% stake in Bijlee Kandasamy Private Limited, which consists of 33,00,000 equity shares valued at …
JSW Energy Limited, through its wholly-owned subsidiary JSW Neo Energy Limited, has received a Letter of Intent (LoI) from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The Bhavali Pumped Hydro Project, located in the Nashik and Thane districts, will have …
Jubilant Ingrevia Limited announced that its wholly-owned subsidiary, Jubilant Agro Sciences Limited (JASL), has entered into a strategic agreement with a prominent agrochemical company to manufacture an agro intermediate for one of the key agro-actives of the customer. The customer, a multibillion-dollar company, is a leading global player in the agrochemical industry. This contract manufacturing …
JTL Industries Limited is a rapidly expanding steel tube manufacturer specializing in ERW Black Pipes, PreGalvanized and Galvanized Steel Pipes, large diameter tubes and pipes, and hollow structure sections. JTL is pleased to provide a detailed update on its business performance for Q2FY25. Business Sales Volume Update JTL has achieved its highest-ever quarterly sales volume …
UltraTech Cement, a flagship company of the Aditya Birla Group, involved in the manufacturing and selling of cement and related products here in India, has announced an increase in its shareholding in Continuum MP Windfarm Development Private Limited, a renewable energy company. The cement giant will raise its stake from 3.28% to 5.46% by investing …
On October 1st, 2024, Greaves Electric Mobility Private Limited (GEMPL), part of Greaves Cotton Limited and a key player in electric two- and three-wheelers, announced a partnership with Shriram Finance, a leading financial services company under the Shriram Group. This partnership aims to make Greaves Electric Mobility’s three-wheelers (Greaves 3Ws) more affordable by providing customised …
Bank of Maharashtra has initiated its Qualified Institutions Placement (QIP) on September 30, 2024, aiming to raise up to Rs.3,500 crore. The public sector lender has set a floor price of Rs.60.37 per share, marginally higher than the previous closing price of Rs.59.83. The bank may also offer a discount of up to 5% on …
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