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Lupin plans expansion, aims to enter Chinese market in the next one year

Mumbai-headquartered Lupin is firming up plans to enter the Chinese market in the next one year. Its peers Sun Pharmaceuticals and Dr Reddy’s Laboratories (DRL) already have a presence in the dragon nation. Nilesh Gupta, managing director of Lupin, confirmed that the firm was keen to enter China. “In fact, last March, a management team was scheduled to visit China to explore prospects. This, however, could not happen due to the pandemic. We were planning to enter the market in 2021, but it got delayed due to the pandemic,” Gupta said.

Maruti Suzuki reports 4.3% increase in total sales to 160,752 units in Jan

The country's largest car maker Maruti Suzuki India (MSI) on Monday reported a 4.3 per cent increase in total sales to 1,60,752 units in January. The company had sold 1,54,123 units in January last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales rose 2.6 per cent to 1,48,307 units last month as against 1,44,499 units in January 2020, it added. Sales of mini cars, comprising Alto and S-Presso, declined 7.4 per cent to 1,02,088 units as compared with 1,10,225 in the same month last year.

45% spike in bike volumes drives TVS Motor two-wheeler sales up 34% in Jan

TVS Motor reported a 34 per cent growth in two-wheeler sales to 294,596 units in January 2021 from 220,439 units in January 2020. Domestic twowheeler sales were up 26 per cent registering 205,216 units in January 2021 as against 163,007 units in January 2020. Motorcycle sales grew 45 per cent to 136,790 units in January 2021, from 94,367 units in January 2020. Scooter sales of the Company grew by 36 per cent registering 98,319 units in January 2021 as against 72,383 units in January 2020.

Adani Green arm commissions 100 MW solar power plant in Jalalabad

Adani Green Energy on Monday said that its arm ASE4PL has commissioned a 100 MW solar power project at Jalalabad in Uttar Pradesh. "ASE4PL (Adani Solar Energy Four Private Ltd), a subsidiary of Adani Green Energy Ltd (AGEL), commissioned 100 MW (2x50 MW) Solar Power Plants at Jalalabad in Shahjahanpur district and Sahaswan in Budaun district of Uttar Pradesh," a company statement said. It said, "Our team of experts made it possible to commission the plants almost 1 month ahead to their scheduled commissioning date."

Disinvestment of Air India, Pawan Hans to be completed in 2021-22:

FM Disinvestment of Air India and Pawan Hans would be completed in 2021- 22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year. Air India is currently undergoing disinvestment process. Multiple entities submitted their expression of interest (EOI) for the carrier in December. The government is likely to reveal the names of qualified bidders in the coming weeks.

Bharat Biotech hails Rs 35,000 cr budget allocation for Covid vaccination

Covaxin maker Bharat Biotech on Monday described as "far reaching" initiative the allocation of Rs 35,000 crore for COVID-19 vaccination in the Union Budget and said it would help the country become free of the viral disease. Dr. Reddys Laboratories Ltd said the budget was growth- oriented with a lot of positive interventions and with "something in it for everyone".

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