New Delhi, Mar 18 (PTI) Drug maker Cipla on Tuesday said it has inked an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals for the commercialisation of clobetasol propionate ophthalmic suspension. As per the agreement, the Mumbai-based drug maker has exclusive rights to market the innovative treatment for post-operative inflammation and pain, following ocular surgery across …
Star Cement Meghalaya, a subsidiary of Star Cement, has been declared the ‘Preferred Bidder’ for the composite license of the Boro Hundong Limestone block. The e-auction was conducted by the Government of Assam, granting the company rights to prospect and mine in the area. Understanding the Composite License A composite license, also known as a …
KEC International share price, an infrastructure EPC company under RPG Group, rose 2.72% to ₹717.45 on the BSE during intraday trading on March 5, 2025. The stock price gained momentum after the company announced receiving a ₹177 crore tax refund from the Income Tax Department. Impact of the Tax Refund Vimal Kejriwal, MD & CEO …
Engineers India Limited (EIL) has been awarded the Engineering, Procurement, and Construction Management (EPCM) services contract for the 360 KTPA Polypropylene Unit (PPU) Project at Numaligarh Refinery. The contract has been awarded by Numaligarh Refinery Limited (NRL) with a total estimated value of ₹252.95 crore, excluding GST. Project Scope and Timeline The contract involves EPCM …
Bajaj Finserv has confirmed its intent to list its life and general insurance businesses in the future. However, a public offering before FY27 is unlikely as per news reports. The company has also announced a major acquisition deal, securing full ownership of its insurance ventures. Complete Acquisition from Allianz Bajaj Finserv and its promoter entities …
Morepen Laboratories has introduced Empamore, a new medication designed to treat Type 2 Diabetes, Heart Failure with Reduced Ejection Fraction and Chronic Kidney Disease. India has a high number of diabetes cases with over 101 million people affected. Empamore aims to offer an affordable and high-quality treatment to help people manage their health better. Affordable …
Ircon International Limited has been awarded a significant contract by the Directorate of Urban Affairs, Government of Meghalaya. The project involves the construction of a New Secretariat Complex along with Campus Infrastructure in New Shillong City. It will be executed under the Engineering, Procurement and Construction model and is expected to be completed within 36 …
City Union Bank (CBU), in partnership with Chennai Super Kings, introduced a co-branded credit card to increase customer loyalty and improve market penetration, especially in Tamil Nadu. City Union Bank’s latest product is expected to provide IPL fans a chance to enjoy special perks, including exclusive access to fan meetups and other events. Customers will …
Bengaluru, Mar 5 (PTI) The Karnataka government on Wednesday signed a Memorandum of Understanding (MoU) with Bengaluru-based Steer World, a global leader in advanced materials and sustainable manufacturing solutions, to catalyse innovation, foster industrial growth, and promote sustainable practices within India’s manufacturing sector. According to the MoU, Steer World will be allocating ₹200 crore over …
Bajaj Auto has announced a major step in its global expansion strategy by approving an investment of up to €150 million (approximately ₹1,364 crore) in its wholly-owned subsidiary, Bajaj Auto International Holdings BV (BAIH BV), based in the Netherlands. The investment aims to bolster the subsidiary’s growth and explore new investment opportunities to enhance Bajaj …
