News of Press Release in Gujarat

Biocon & Mylan to present final overall survival data of biosimilar for cancer

HERTFORDSHIRE (ENGLAND) | PITTSBURGH (US) | BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT  – In a press release submitted to the Exchanges in India on Thursday, Biocon Ltd said of Biocon and Mylan to Present Final Overall Survival Data for Ogivri™ (trastuzumab-dkst), a biosimilar to Herceptin4P, at the American Society of Clinical Oncology (ASCO) Annual

GAIL to revive LPG plant @ Usar in Maharashtra, will invest 88 billion rupees

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Exchanges on Thursday, GAIL (India) Limited said of having approved revival of existing Liquified Petroleum Gas (LPG) plant at Usar in Raigadh District of Maharashtra and the company will invest 88 billion (~8,800 crore) rupees for proposed revival,

USFDA inspection at Alkem’s St. Louis (US) facility concluded with observations, regulators indicate official action

ST. LOUIS (US) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Exchanges, Mumbai headquartered Indian Pharam company Alkem Laboratories Ltd said of the USFDA (US Food & Drugs Administration) concluded inspection at St. Louis (US) facility of the company and that the company will close out all observations

Adani Green appoints joint bookrunners for investor meets in Asia, EU, US to offer 5yr secured bonds

AHMEDABAD | GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian diversified conglomerate’s group company Adani Green Energy Ltd said of having appointed joint bookrunners for arranging fixed income investors meetings in Asia, Europe and United states, directed for offering of secured 5 year bonds.

Mangalore Chemicals & Fertilizers Mangalore plant shuts down due to water shortage

MANGALORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Stock Exchanges in India, chemicals & fertilizers major Mangalore Chemicals and Fertilizers Ltd said of having shut operations due to water supply shortage. The filing read, This is to inform you that, due to depletion of reservoir level at Thumbe vented

Maruti Suzuki inaugurates Centre of Excellence at ITI Becharaji

MEHSANA | NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Indian Auto Major Maruti Suzuki India Ltd said of having inaugurated centre of excellence at Industrial Training Institute located in Becharaji. The filing submitted to the exchanges read, Stepping up its Skill Development efforts

USFDA inspects Lupin Pharma’s Mumbai facility, slam 4 observations

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – USFDA (US Food & Drugs Administration) inspected the Mumbai facility of Lupin Pharma and has issued Establishment Inspection Report to the site & facility inspected.  The Regulators have also slammed 4 observations post inspecting the Lupin’s Mumbai facility In a regulatory filing submitted to the Indian Exchanges,  Pharma major

Zydus Cadila gets USFDA nod to market high blood-pressure treatment drug

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the Stock Exchanges in India on Monday, Ahmedabad headquartered Zydus Cadila Group (Cadila Healthcare) said of having received the final approval from the USFDA (United States Food & Drugs Administration) to market Chlorthalidone Tablets USP (US RLD – THALITONE@),25 mg and 50 mg.

Infibeam fires auditors alleging breach of trust

GANDHINAGAR (AHMEDABAD) | MUMBAI | RAJKOT – In a regulatory update and a press release submitted to the Indian Bourses on Sunday as well on Monday, Gandhinagar (Ahmedabad) headquartered Infibeam Avenues Ltd said of having terminated its existing joint statutory auditors, alleging the breach of trust by the auditors further revealing price-sensitive information. In a

L&T bags large order from Saudi Arabia, for construction of Gold Processing facility

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a major international competitive bidding process, the Metallurgical & Material handling Business of L&T Construction has been awarded a Large order from MA’ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for setting up Mansourah Massarrah Gold project. Ma’aden is the

Bajaj Auto YoY Apr 2019 Net Sales up 2%, reports highest ever exports

PUNE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges on Thursday, Pune headquartered Bajaj Auto Ltd reported 2% rise in year-on-year sales of 2-wheelers (motorcycles) and commercial vehicles at 4,23,315 units for the month ended on April 30, 2019 as against 4,15,168 units in April 2018. Motorcycle

Hero MotoCorp launches 3 new NEXTGEN motorcycles for Global Markets

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Wednesday, two-wheeler major Hero Motocorp Ltd said of having launched 3 new next generation motorcycle models – XPULSE 200, XPULSE 200T and XTREME 200S, for global markets. New Motorcycles launched by the company are priced on

Maruti Suzuki Apr 2019 YoY sales takes hit, down 17%

Since its launch in 2005, cumulatively Swift has sold over 1.89 million units in India

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Wednesday, auto major Maruti Suzuki India Ltd said of its net sales for the month of April 2019 having fallen 17.2% at 1,43,245 units from 1,72,986 in April 2018. April 2019 sales of1,43,245 units includes 1,33,704

Hindalco Industries sells its Telangana (Kollur) unit

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses on Friday, Aditya Birla Group Company – Hindalco Industries Ltd said of the Company having sold its business undertaking at Kollur, Telangana on slump sale basis to Mundhra Alufoil Private Limited through a Business Transfer Agreement dated 26th April, 2019.

Jindal Steel & Power’s Pellet Plant clocks record annual production & dispatch

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release communication submitted to the Indian Bourses on Friday, steel & power major – Jindal Steel and Power Limited (JSPL), today announced achieving highest ever annual production and dispatch at its 9 MTPA Pelletization complex at Barbil, Odisha. During FY 2018-19, JSPL produced

USFDA slams “certain observations” after inspecting Torrent Pharma’s Indrad facility

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory update filing submitted to the Indian Bourses, Ahmedabad located pharma company  Torrent Pharmaceuticals Ltd said, inspection at Indrad Plant of the Company was carried out by US FDA in the month of April, 2019. The company has received certain observations which are procedural in nature and