On August 9 2024, Granules India Limited announced that it had received approval from the US Food & Drug Administration (US FDA) for its generic version of Trazodone Hydrochloride Tablets USP in 50 mg, 100 mg, 150 mg, and 300 mg doses. Trazodone tablets are bioequivalent and therapeutically equivalent to the reference drug Desyrel Tablets …
HCLSoftware, the software division of HCLTech, has announced its plans to acquire Zeenea, a leading provider of data catalogue and governance solutions headquartered in Paris, France. This strategic move aims to strengthen HCLSoftware’s Data and analytics business, Actian, which has witnessed significant growth in Hybrid Data Management and Integration. By incorporating Zeenea’s expertise in metadata …
SJVN Limited, a Government of India enterprise, has successfully commissioned its 90 MW Omkareshwar Floating Solar Project. The project, executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary, has increased SJVN’s total installed capacity to 2466.50 MW. The 90 MW Omkareshwar Floating Solar Project is part of the Omkareshwar Floating Solar Park in …
JSW Steel, India’s leading integrated steel company, announced a consolidated Crude Steel production of 22.15 lakh tonnes for the month of July 2024. This represents a 9% year-over-year increase. Capacity utilisation at Indian operations reached a robust 91% during the month. Over the past 3 decades, JSW Steel has expanded from a single manufacturing unit …
GAIL (India) Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have entered into a strategic partnership to enhance the operational efficiency of RRVUNL’s gas-based power plants in Rajasthan. A Non-binding Memorandum of Understanding (MoU) was signed in the presence of Shri Hiralal Nagar, Hon’ble Energy Minister of Rajasthan, and Shri Alok, Additional Chief Secretary …
Life Insurance Corporation of India (LIC) announced robust financial results for the quarter ending June 30, 2024. The company’s Profit After Tax (PAT) surged to ₹10,461 crore, up from ₹9,544 crore in the same period last year, representing a growth of 9.61%. LIC maintained its market leadership in the Indian life insurance sector, capturing a …
Persistent Systems, a global leader in Digital Engineering and Enterprise Modernisation, has once again been positioned as a Challenger in the Gartner Magic Quadrant for Public Cloud IT Transformation Services. This recognition marks the company’s fourth consecutive year in the report, underscoring its exceptional cloud expertise, which encompasses consulting, application development, migration, cybersecurity, and automation. …
On August 08, 2024, Cyble, a leader in AI-powered threat intelligence, announced a partnership with Wipro Limited, a major technology services and consulting company. This collaboration aims to improve enterprise cybersecurity by combining Cyble’s AI and automation tools with Wipro’s global security and compliance expertise. The partnership will provide security teams with enhanced insights and …
Jindal Steel has successfully diversified its coking coal sources to lower risks and reduce costs. In line with the Indian government’s goal of producing 300 million tonnes of steel by 2030 and the Steel Ministry’s push for varied coking coal sources, Jindal Steel has started sourcing coking coal from Africa and Southeast Asia. This move …
India’s Reliance Industries Ltd. (RIL), which operates the world’s largest refining complex, plans to partially pay for crude oil purchases from Venezuela using naphtha supplies, according to the reports. This decision follows U.S. approval granted in July 2024, allowing the company to resume oil trade with the sanctioned South American nation. Background Reliance had to …
