News of NEWS IN ENGLISH LANGUAGE in Gujarat

STERLITE TECHNOLOGIES acquires UK based Co for GBP £12 million

PUNE | AURANGABAD | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Exchanges, Pune | Aurangabad headquartered technology arm of Vedanta group – Sterlite Technologies Ltd said of having acquired 100% stake in Impact Data Solutions for enterprise value of GBP £12 million, the acquired entity is engaged

SRF Ltd confirms demand of Rs.288.2 mln rupees raised by MADHYA PRADESH

GURUGRAM | NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, New Delhi headquartered tyre manufacturer SRF Ltd said of having confirmed the demand of Rs.288.2 million (~28.82 crore) raised by the Collector of Stamps, Bhind (Madhya Pradesh). The company update as submitted to the

IDBI clarifies on social media rumours pertaining to bank finances

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered bank IDBI Bank Ltd said of having issued clarification in context to the rumours making rounds on social media regarding bank’s financial position. The regulatory update as submitted by the company to the Indian Bourses, read that,

TT LTD indends to exit from spinning biz, invited bids to sell PIPAVAV PORT Unit

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered garment manufacturer TT Limited said of intending to exit from spinning business vertical and has invited bids from possible buyers to sell its spinning unit located on Port of Pipavav (in Gujarat),

HAVELLS INDIA, TATA POWER join hands for safety against hazards of electricity

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, consumer durable goods manufacturer Havells India Ltd said of having joined hands with Tata Power – DDL to ensure safety against hazards of electricity by making available Havells circuit protection devices, electrical leakage circuit breakers (ELCB)

MARUTI SUZUKI cuts prices, aligns with Government to revive demand

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, India car maker Maruti Suzuki India Ltd said of having chopped prices on several car-models, in alignment with the Government to revive demand. In a press-release as submitted to the Indian Bourses – titled, “Maruti Suzuki

InsurTech Innovator AVINEW selects MAJESCO’s P&C Core Suite

MORRISTOWN (NEW JERSEY – US) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered information technology company Majesco Ltd said of the Los Angeles (US) based insurance technology innovator Avinew selecting Majesco’s P&C Core Suite on Majesco CloudInsurer™ as its platform for growth and innovation.

RPP INFRA Broadens Geographical Reach to Myanmar with New Order Win

ERODE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Erode (Tamilnadu) headquartered infrastructure company RPP Infra Projects Ltd said of having bagged road-construction project on India-Myanmar border, along with its joint-venture company. The regulatory update as submitted by the company to the Indian Bourses titled

CENTUM ELECTRONICS inaugurates New Space Facility in YELAHANKA

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Bengaluru headquartered Centum Electronics Ltd said of having inaugurated new space facility at Yelahanka in Benagluru. The press-release as submitted by the company to the Indian Bourses, titled – “Centum Electronics Limited inaugurates New Space Facility in

COMMERCIAL ENGINEERS & BODY BUILDERS forms JV to mfr & sell disc brakes

JABALPUR | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Jabalpur headquartered commercial vehicles manufacturer Commercial Engineers & Body Builders Co. Ltd, said of having entered into joint-venture with Jupiter Wagons Ltd, KOVIS D.O.O. and KOVIS INDIA D.O.O. to form a company to manufacture and sell disc-brakes

RAMA STEEL TUBES incorporates subsidiary company to tap NIGERIAN biz

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT –  In a regulatory update submitted to the Indian Stock Exchanges, New Delhi headquartered Rama Steel Tubes Ltd said of having incorporated wholly owned subsidiary company in Nigeria. In a regulatory update filing as submitted to the Indian Bourses, the company said that, This is to inform that

ALKEM LABS acquires subsidiary co CACHET PHARMA paying 52 Cr INR

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered Alkem Laboratories Ltd said of having acquired its own subsidiary company for cash consideration of 520 million (~52 Crore) rupees with an intent to consolidate quality control and timely supplies for the products manufactured at subsidiary facility.

SAKTHI SUGARS triggers one time settlement for dues with BANK OF INDIA

SAKTHINAGAR | COIMBATORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Coimbatore (Tamilandu) headquartered Sakthi Sugars Ltd said of having triggered one-time-settlement with Bank of India, agreeing to pay 1.5 billion (~150.43 crore) rupees against the outstanding dues of 2.34 billion (~233.78 crore) rupees. The company

PIDILITE INDUSTRIES gets Certificate of Incorporation for PIDILITE C-TECHOS

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Mumbai headquartered adhesives & specialty chemicals manufacturer Pidilite Industries Ltd, said of having got certificate of incorporation from Government of India for its venture of structural, architectural construction of building works. The Company alongwith Chetana Expotential Technologies Pvt. Ltd.

LUPIN gets USFDA nod to market drug to treat THYROID

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered Lupin Ltd said of having got nod from US FDA (Food & Drugs Administration) to market drug to treat Thyroid and related disorders. In a press-release as submitted by the company to the Indian Bourses, titled –

USFDA inspects & clears UNICHEM LAB’s newly constructed KOLHAPUR facility

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered pharmaceuticals company Unichem Laboratories Ltd said of its Kolhapur (Maharashtra) unit being inspected and cleared by the US FDA (Food & Drugs Administration) without any observations issued by the regulators vide Form 483. The company-update as submitted

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