Financial software provider Wipro Gallagher, a unit of Wipro Ltd, launched the latest version of its loan origination software, NetOxygen. The new version offers more control to lenders and better streamlining, the Indian company said. Version 6.0 also offers a web-based dashboard, designed to provide updates on the loan status. The new version also aims […]
Pharmaceutical company Unichem Laboratories said it received final approval from the United States Food and Drug Administration for the sale of a generic version of Casper Pharma’s Zyloprim tablets. Allopurinol is a medication used to decrease high uric acid levels. It is specifically used to prevent gout and specific types of kidney stones. Taken by […]
Azim Premji, chairman of Wipro, has allocated shares worth about Rs 52,750 cr to an endowment under the Azim Premji Foundation. This means that the economic benefits of the shares — such as the money that can be obtained by selling or pledging them — can only be used for the activities of the foundation. […]
Pharmaceutical manufacturer Zydus Cadila said it received final approval from the US Food and Drug Administration for the sales of Potassium Chloride extended-release tablets for the treatment of various diseases such as prolonged diarrhoea and vomiting, hormone problems such as hyperaldosteronism and diuresis. The tablet, sold under the brand names Klor-Con, K-Dur and Micro-K, is […]
Jubilant FoodWorks Limited (JFL), which operates the Dominos and Dunkin brands of fast food in India, has entered the Chinese food segment with an aim to make it affordable to the average customer. The company opened its first Hong’s Kitchen outlet today in Eros mall, Gurugram. At present, the market for Chinese food in India […]
Cloud-based software firm Ramco Systems said it received an order from Australia-based property management company Opteon Solutions for its payroll management software. Ramco will implement its Single Touch Payroll software which will streamline functions such as calculation of salary, increments and incentives, retroactive pay, country-specific statutory compliance, as well as tax reporting. The software features […]
India’s most aggressive low-cost carrier, Spicejet, said it has cancelled 14 flights today due to the grounding of multiple Boeing 737 MAX aircraft. The grounding is the result of a regulatory directive, which was prompted by an accident with an Ethiopian Airlines plane last week, the second Boeing 737 MAX to fall out of the […]
India’s largest commercial bank, State Bank of India (SBI), launched ‘doorstep banking’ for senior citizens, the differently-abled and infirm customers, including those with visual-impairment. Under this facility, doorstep services will be made available to fully KYC-compliant customer holders with a valid mobile number registered with the bank and residing within 5-kilometre radius from their home […]
Even as US-based Amgen Inc mounts a legal challenge, Piramal Enterprises said its US partner Slate Run Pharmaceuticals has launched the generic equivalent of Amgen’s hyperthyroidism drug Sensipar. Amgen challenged Piramal’s license to manufacture a bio-equivalent version of the drug soon after the Indian company got the regulatory nod in August last year. However, Piramal […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, has reported a 6% dip in production of crude steel in February. While the company produced 13.33 lakh tonnes of crude steel in February last year, output fell to 12.57 lakh tonnes this year. This is also a slip from the crude steel output […]
Pharmaceutical manufacturer Zydus Cadila said it received final approval from the US Food and Drug Administration to launch Atenolol and Chlorthalidone tablets to treat hypertension and chest pain. The company did not reveal the market size of the drug. Atenolol, sold under the brand name Tenormin, is a beta blocker medication used to treat high […]
Infrastructure firm KEC International Ltd said that it received orders worth Rs 1,323 crores across its various businesses. The RPG Group company’s transmission and distribution business bagged orders worth Rs 287 crore across India, UAE and the United States for various projects, including the extension of a 765 KV Geographic Information System (GIS) substation, a […]
Civil Engineering firm JMC Projects Ltd on Tuesday said that it has received orders worth Rs 547 crores. Out of Rs 547 cr, Rs 232 crore is for residential and commercial projects, while the remaining is for a water pipeline project. SK Tripathi, CEO and Deputy Managing Director JMC Projects said the orders will help […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that it has bagged contracts for its power transmission and distribution business worth over Rs 1,000 crore, including from Bengaluru and Mumbai metro projects. The engineering and construction company received two orders from Andhra Pradesh. The first one is for the design and construction of two […]
The IT and software industry in India, which has been seeing a decline in the pace of its headcount addition in recent years, has shown a spurt of hiring activity this year, according to hiring site naukri.com. According to a numbers crunched by India’s biggest classifieds job site, hiring in the IT sector saw a […]
Pharmaceutical manufacturer Laurus labs said it received final approval from the US Food and Drug Administration to launch a generic equivalent of Concordia Pharmaceuticals’ malaria drug Plaquenil. Hydroxychloroquine is also used for treating diseases like rheumatoid arthritis and lupus and is sold under the brand name Axemal in India. The company also received a tentative […]
The Public Works Department will set up a network of closed circuit cameras in Delhi by September. The contract for the project has been awarded to Bharat Electronics Ltd or BEL, which has in turn contracted Mumbai-based Aurionpro Solutions Ltd for the installation and maintenance of the surveillance system. “Aurionpro shall supply and install cameras […]
Ashoka Buildcon on Monday said that it received a Rs 860 crore highway construction contract in Jharkhand from National Highways Authority of India (NHAI). The contract to build the 40 kilometre highway stretch of the Khairatunda-Barwa Adda section is under a hybrid annuity mode (HAM) under which the government provides 40% of the project cost […]
Visaka Industries announced that its new fibre cement board factory at Jhanswa village near Jhajjar, Haryana with an annual capacity of 50,000 tonnes has started commercial production from Monday. Visaka Industries is one of the biggest producers of cement-fiber sheets, used in a variety of applications, including false-ceilings, roofing, partitioning and interior work. Its ‘V […]
The global wholesales of Tata Motors Group, including Jaguar Land Rover, declined 9% in February this year. The group sold 1,10,262 units of vehicles last month, Tata Motors said in a statement. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in February this year were at 84, 512 numbers, lower by […]
