Pharmaceutical manufacturer Zydus Cadila said that the United States Food and Drug Administration (USFDA) issued 11 observations after inspections at two of the manufacturing facilities of Nesher Pharmaceuticals, a subsidiary of Zydus’ US arm. Both the facilities are located at St Louis, United States. issuing of observations indicate that the inspectors did not find everything […]
Commercial vehicle maker Ashok Leyland reported a 4% drop in domestic sales of medium and heavy commercial vehicles in May as the Indian auto industry grapples with an overall slowdown. Within the medium and heavy commercial vehicle segment, truck numbers fell by 168 units or 2% to 7,325, while bus numbers declined by 173 units […]
The state government of Kerala said a case of Nipah virus infection is suspected in a student in Kochi, but a Pune-based virology laboratory is yet to confirm the initial diagnosis. The student is from Thodupuzha in Idukki district, studies in Kochi, and spent 4 days in Thrissur when he was sick (May 16-20). Thrissur’s […]
Bajaj Auto reported a 7% jump in two-wheeler sales in India for May, while overall sales of two-wheelers and three-wheelers were up 3%. Bajaj Auto, the country’s biggest two-wheeler exporter, also reported a jump of 6% in its May exports. Bajaj sold 2.05 lakh motorcycles in India during May and exported 1.59 lakh. Bajaj Auto’s […]
Government of Kerala is all set to launch an online taxi service scheme, aimed at creating job opportunities for youth from SC/ST community in the state. The government will provide a total of 150 taxis for eligible beneficiaries from across the state. It will provide Rs 1 lakh in grant and the rest of the […]
Star India has cut the prices of English movie and entertainment channel pack by 29%, even as these channels struggle to regain traction in the market after the implementation of the new tariff order by the TRAI. However, the company has still not broken out its sports channels into a separate package, and customers will […]
Automotive parts and components manufacturer Ring Plus Aqua Ltd, a subsidiary of Raymond Ltd, announced the opening of its third manufacturing facility at Sinnar, Maharashtra. The new plant will produce starter ring gears, transmission flex-plates and integral shaft water pump bearings, Ring Plus Aqua Ltd said. Ring Plus Aqua has already two manufacturing facilities near […]
Tata Power said it received a contract from Gujarat Urja Vikas Nigam Limited to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat . The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company […]
PVR Pictures, the production arm of India’s largest cinema chain, said it will distribute films from Anil Ambani-promoted Reliance Entertainment. Both companies will collaborate for the first time to distribute Reliance Entertainment’s upcoming film Game Over, releasing on June 14. This will be followed by the Hrithik Roshan starrer Super 30, which will release on […]
Automobile manufacturer Maruti Suzuki said it has laid the foundation stone for a 5 MW Photovoltaic solar power plant at its manufacturing facility in Gurugram. The solar plant is likely to be commissioned in FY 2019-20, Maruti Suzuki said. Maruti Suzuki said that it will invest around Rs 24 crores and will offset carbon dioxide […]
SoftBank Corp., one of the top telecom firms in Japan, has selected Nokia as “a strategic partner” to roll out its 5G network. The move is significant as non-Chinese companies, including Nokia and Ericsson, are generally seen as more expensive compared to Chinese players like Huawei and ZTE. Due largely to this price differential, Huawei […]
Indian real estate developers can heave a sigh of relief: The latest quarterly update on the market shows that unsold inventory has fallen to their lowest level in several years. While this is not simply a reflection of increasing sales — developers started going slow on new launches in 2016 — it does indicate that […]
Enterprise connectivity provider Tata Communications announced the launch of an Internet of Things (IoT) market place. The Internet of things (IoT) is the extension of internet connectivity into physical devices and everyday objects. Embedded with electronics, Internet connectivity and other forms of hardware such as sensors, these devices can communicate and interact with others over […]
Two-wheeler maker TVS Motors said it launched an upgraded version of its sports bike TVS Apache RR 310 model with Race Turned (RT) Slipper Clutch technology. The upgrade provides swift gear shifting with low hand fatigue and maintains the vehicle’s stability at high speed during downshifts, especially in corners, TVS Motors said. The slipper function […]
Brigade, a Bangalore-based real estate developer, announced plans to build its eighth integrated residential enclave near Aerospace Park near the Bangalore International Airport. It will be an affordably priced 50-acre project comprising 2 and 3 bedroom units. Each flat in the project will cost less Rs 45 lakhs, excluding government levies and maintenance charges, said […]
Anil Ambani owned Reliance Capital Ltd said that it signed binding definitive agreements with Nippon Life Insurance, one of the largest life insurance companies in Japan to increase its stake in investment management firm Reliance Nippon Life Asset Management Limited (RNAM) to 75%. Reliance Capital said that it will receive Rs 6,000 crore from the […]
Pharmaceutical manufacturer Zydus Cadila said that it received final approval from the United States Food and Drug Administration (USFDA) for the sales of a generic equivalent of Nexium Delayed-Release capsules manufactured by Teva Pharmaceutical Industries. Esomeprazole, which belongs to a class of medicines called proton pump inhibitors, works by reducing the the amount of acid […]
Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator, said it signed a 50-year Build Operate and Transfer (BOT) agreement to develop and operate a container terminal at Yangon port, Myanmar. BOT is a form of project financing wherein a private entity receives concession from the private or public sector to finance, […]
Pharmaceutical major Lupin said it launched the asthma drug Budesonide Inhalation Suspension ampules in the US market. Budesonide Inhalation Suspension ampules are a generic equivalent of Pulmicort Respules Inhalation Suspension drugs of UK-based pharma firm AstraZeneca. Budesonide Inhalation Suspension ampules had annual sales of approximately USD 385.4 million in the US. Budesonide is used […]
SpiceJet announced 20 new domestic flights flights today, taking the total flights launched since April to over 90. With this, SpiceJet has announced 106 new flights since April, including 73 that connect Mumbai, 16 connecting Delhi and 8 flights between Mumbai and Delhi. The new flights are effective from the last week of May. 18 […]
