Ipca Laboratories has introduced a pioneering topical gel, Diulcus, to address diabetic foot ulcers (DFUs) in India. This innovative product, priced at ₹1,365 per 15 mg pack, will become available through Ipca’s extensive network of 4,000 distributors across the country. With a target of capturing a ₹100 crore market within the next 3 years, Diulcus …
Power Grid Corporation of India Limited successfully acquired Rajasthan IV E Power Transmission Limited on August 19, 2024. This acquisition, made through a competitive bidding process, is for a project to develop a new transmission system to handle power from the Rajasthan REZ Phase IV (Part 2: 5.5 GW) in the Jaisalmer/Barmer region. The project …
Olectra Greentech Limited has announced the acquisition of an additional 5,01,717 shares in EVEY Trans (MSR) Private Limited. This follows their previous disclosure from September 11, 2023. Alongside Olectra’s acquisition, EVEY Trans Private Limited has also acquired 5 crore additional equity shares in the same company. EVEY Trans (MSR) Private Limited, which is specifically set …
Vishnu Chemicals Limited, a leading manufacturer of high-performance speciality chemicals, announced the 100% equity acquisition of Jayansree Pharma Private Limited (JPPL) for an enterprise value of ₹51.99 crore. The Vishnu Chemicals Board of Directors approved the acquisition in its meeting today, and the company signed a Share Purchase Agreement with JPPL and its shareholders on …
On August 19, 2024, Sequent Scientific Limited, a leading Indian pharmaceutical company, announced that it had received prequalification (PQ) approval from the World Health Organization (WHO) for its Albendazole Active Pharmaceutical Ingredient (API). This approval was achieved in partnership with Mepro Pharmaceuticals Private Limited, which developed and commercialised the Albendazole Chewable formulation using Sequent’s API. …
Poly Medicure, an Indian manufacturer and exporter of plastic medical disposables and surgical devices, has launched a Qualified Institutional Placement (QIP) to raise Rs.1,000 crore, aimed at funding a number of initiatives, including capital expenditure and potential acquisitions going ahead this year. Details of the QIP The QIP was opened on Monday with a floor …
Torrent Power has escalated its legal battle to the National Company Law Appellate Tribunal (NCLAT) against the approval of Sarda Energy and Mining Limited’s (SEML) resolution plan for the financially troubled SKS Power Generation. The case stems from Torrent Power’s claims of unfair treatment in the resolution process after their bid, which allegedly offered the …
Founded in 1986, Suraj Estate Developers Limited is a real estate construction company specializing in the development of residential and commercial properties in the South Central Mumbai area. Yesterday, the company announced that its board has approved plans to raise up to Rs. 500 crore and the funds will be raised through the issuance of …
At the close of the trading session on August 19, 2024, the Nifty 50 was up by 0.13%, and the Sensex was down by 0.02%, closing at 24,572 and 80,424, respectively. Top Gainers and Losers Regarding sectors, Nifty Metal, Nifty Oil and Gas, Nifty PSU Bank, and Nifty Media saw gains. On the other hand, …
The Ministry of Labour and Employment has proposed a significant change in the Provident Fund (PF) to enhance the financial security of retirees by increasing their monthly pension. The proposal is to raise the wage ceiling for PF contributions by ₹6,000 under EPFO. This could significantly increase the maximum pension payout for organised sector employees …
