Vivimed gets Ukraine GMP nod for FDF facility in Hyderabad

Vivimed Labs said that its FDF manufacturing facility located in Jeedimetla, near Hyderabad has received Ukraine GMP Certification effective September 2017. “Vivimed Labs Limited ('Vivimed' or the Company), a niche Specialty Chemicals and Pharmaceuticals company, announced today that its FDF manufacturing facility located in Jeedimetla, near Hyderabad inspected in August 2017 by t

US rate-hike fear, weak rupee drag equity indices lower

Key Indian equity indices provisionally closed in the red on Thursday as investors remained cautious over another rate-hike in December signalled by the US Federal Reserve.

Besides, a weak rupee and heavy selling pressure in consumer durables, banking and automobile stocks added to the downslide of the key indices.

However, an upsurge in pharma heavyweights like Dr. Reddy

L&T Technology partners Wind River for Intelligent Systems

L&T Technology Services, a leading global pure-play engineering services company has said that it has collaborated with Wind River, an Intel company and world leader in delivering software for the Internet of Things (IoT).

“The two companies will work together to investigate, validate and optimize LTTS technologies with Wind River software platforms to discover compelling jo

ITI bags Rs 7000 cr defence project

ITI Ltd said that it has been declared as the lowest (L1) bidder for the contract value of Rs 7,000 crore. “The company has been declared as L1 in the “ASCON Phase IV Project” by Ministry of Defence.

The contract value of the project is approximately Rs 7,000 crore,” ITI said in a BSE filing. Meanwhile, shares of the company were trading at Rs 122.20 apiece, up

Orchid Pharma`s Tamil Nadu plant gets EIR report from USFDA

Orchid Pharma said that it has received approval from the US health regulator for API facility in Tamil Nadu. "The company has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration on the successful inspection of the active pharmaceutical ingredients (API) manufacturing facility located at SIDCO Industrial Estate, Aalthur, Kanchipuram District, Tamil N

Cabinet approves transfer of three ITDC hotels to States

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the transfer of Hotel Jaipur Ashok, Jaipur and Lalitha Mahal Palace Hotel, Mysore, units of India Tourism Development Corporation Ltd (ITDC) to Government of Rajasthan and Government of Karnataka, respectively and disinvestment of ITDCs shares in Donyi Polo Ashok Hotel Corporation.

As per disinvestment policy of th

NCLAT allows Cyrus Mistry to file case against Tata Sons

The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the firms owned by former Tata Group Chairman Cyrus Mistry's family to raise its complaint of mismanagement and oppression against Tata Sons after applying a waiver in this regard.

The two family firms of Mistry, Cyrus Investments and Sterling Investments, had levelled allegations of mismanagement and oppressi

M&M to buy Turkey-based tractor firm Erkunt

The country’s biggest tractor maker Mahindra & Mahindra (M&M) on Wednesday announced its second foray into Turkey through the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt), the 4th largest tractor brand in Turkey. This transaction is expected to close by the last quarter of calendar year 2017.

Erkunt, incorporated in 2003, is the 4th largest tractor brand in Turkey

JSW Energy to raise Rs 500 cr via bonds

JSW Energy's finance panel gave its go-ahead to Rs 500-crore bond issuance programme, reported PTI. The board of directors had approved the raising of funds through the issuance of bonds/redeemable non-convertible debentures by way of a private placement and had authorised the the company's Finance Committee to decide on all matters relating to that, JSW Energy said in statement.

Reliance jio to implement efficient telecom network in India

Reliance Industries has said that Jio is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers. Jio offers free voice services to all its customers backed by a superior technology and has helped make India the world’s largest mobile data consuming country within one year of commencement of services.

Nifty, Sensex fall; ICICI Bank top drag

By Jessica Kuruthukulangara

Indian shares fell on Thursday, dragged down largely by banks including ICICI Bank as investors booked profits a day after the U.S. Federal Reserve signalled one more rate hike by the end of this year.

The Fed held interest rates steady and announced a plan to start shrinking its balance sheet by reducing its holdings of U.S. Treasury bonds and mo

Maharashtra to start cane crush Nov. 1 - government sources

MUMBAI  - Millers in India's Maharashtra state will start crushing sugarcane from Nov. 1 as heavy rain over the last few days has made it difficult to bring operations forward as hoped, two government officials said on Wednesday.

The federal government wanted millers in Maharashtra, the country's second-biggest sugar producing state, to advance crushing t

Reliance Home Finance to list on Friday

Reliance Capital Ltd, part of the Anil D. Ambani-led Reliance Group, on Wednesday said the listing of Reliance Home Finance Ltd is scheduled on Friday at the bourses.

In a statement issued here, the company said the listing of Reliance Home Finance is scheduled on September 22, 2017, at BSE Ltd and National Stock Exchange of India Ltd (NSE).

"All Shareholders of Relianc

NBCC to launch 1,000 flats for sale during festival

State-owned construction firm NBCC will launch about 1,000 flats for sale in this festival season and is in discussion with the government to develop affordable housing projects on surplus land with PSUs. The company is also in talks with the government for developing islands in Andaman and Nicobar and Lakshadweep, its Chairman and Managing Director Anoop Kumar Mittal said. "We have been a

NTPC wins Bhubaneswar round of Tata Crucible Corporate Quiz

National Thermal Power Corporation Ltd has emerged the winner of the Bhubaneswar regional round of Tata Crucible Corporate Quiz, 2017. Around 50 teams from prominent corporate houses across the state capital participated in the quiz, which will traverse 25 cities in India, a Tata Group release said. Chandan Shahi and Sujit Varkey of NTPC will compete with winning teams from five cities in the z

Tata Steel, thyssenkrupp sign MoU to form European steel major

  Tata Steel Ltd and German major thyssenkrupp AG have signed a memorandum of understanding (MoU) to create a 50:50 joint venture by combining the flat steel businesses of the two companies in Europe and steel mill services of the German company, a top company official said here on Wednesday.

The proposed 50:50 joint venture -- "thyssenkrupp Tata Steel" -- would be focu

Exclusive: Reliance plans major expansion at world's largest oil refinery complex

By Promit Mukherjee and Nidhi Verma

MUMBAI/NEW DELHI  - The Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.

Reliance may expand the capacity at its dual refinery complex in Jamnagar in Gujarat by

Equities close with marginal losses; auto stocks top laggards

Key Indian equity indices provisionally closed on a flat note -- marginally in the red -- on Wednesday as investors booked profits in automobile, consumer durables and banking stocks.

According to market observers, caution ahead of the US Federal Open Market Committee policy meet outcome Wednesday evening (India time), along with a weak rupee, hampered the risk-taking appetite of inve

Sun Pharma’s arm bags approval for new label for Odomzo

Sun Pharmaceutical Industries Ltd. has said that one of its wholly owned subsidiaries has received approval from the US Food and Drug Administration (FDA) for a new label for Odomzo® (sonidegib), an oral hedgehog inhibitor indicated for the treatment of patients with locally advanced basal cell carcinoma (laBCC) that has recurred following surgery or radiation therapy, or those who are not

Glenmark bags approval for Nitroglycerin Sublingual tablets

Leading pharma major, Glenmark Pharmaceuticals has said that it has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Nitroglycerin Sublingual Tablets USP, 0.3 mg, 0.4 mg, and 0.6 mg, the generic version of Nitrostat® Sublingual Tablets, 0.3 mg, 0.4 mg, and 0.6 mg, of Pfizer, Inc.

According to IMS Health sales data for the 12 month peri

Surya Roshni bags orders worth Rs 48.60 crore

Surya Roshni said that it has bagged orders through competitive e-bidding for LED Luminaire and LED Street Lights amounted to Rs 48.60 crore. The order includes the supply of LEDs Luminaire in United Kingdom and under all India SLNP (Street light National Program) for Rajastjan, Telangana and Gujarat from Energy Efficiency Services (EESL).

The orders include 5.24 lakh LED Luminaire an

MSR India gets order worth Rs 6.88 lakh

MSR India said that it has bagged a purchase order of 1200, 1 liter copper bottles worth Rs 6.88 lakh from National Payments Corporation of India (Government of India). Recently, the company had bagged an order worth Rs 2 crore from Silicon CNC profiles on behalf of Bharath Dynamics, Government of India.

MSR India has innovative concepts and manufacturing products with unique features

Grasim bags USDA biobased certification for fibres

Grasim Industries said that it has been awarded the US Department of Agriculture (USDA) certified biobased product label for its dope dyed fibres- Birla Spunshades. Utilising renewable, bio-based materials displaces the need for non-renewable petroleum based chemicals, the company said in a filing to the Bombay Stock Exchange.

Biobased products, through petroleum displacement, have pl

PGCIL board approves Rs 198.50 cr for Baharampur unit

State-run electric utilities company Power Grid Corporation of India on Wednesday said its board has approved investment worth Rs 198.49 crore for Baharampur (POWERGRID) –Bheramara, Bangladesh.

“The POWERGRID boards of directors in their meeting on September 19, 2017, have accorded investment approval for Baharampur (POWERGRID) –Bheramara, Bangladesh 2nd 400kV D/c Tr

GIPCL bags 75 MW solar power projects from GUVNL

Gujarat Industries Power Company (GIPCL) said that it has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL).

“GIPCL has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL) on September 19, 20