News of Business | Trade | Commerce | Economy | Agriculture | Industries | Markets | Bazaar News in Gujarat

Alembic gets USFDA nod to market eye-infection treatment

VADODARA (BARODA) | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses on Friday, Gujarat (Vadodara – Baroda) headquartered pharma company Alembic Pharmaceuticals Ltd said of  the Company having received US Food & Drug Administration (USFDA) Approval for Azelastine Hydrochloride Ophthalmic Solution, 0.05%. Azelastine Hydrochloride Ophthalmic Solution, 0.05%, has an estimated

PVR opens a multiplex @ Hyderabad

HYDERABAD | GURGAON | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses on Friday, India’s premiere Theatrical Exhibition brand & company PVR Ltd said of having opened 6 screens multiplex at Hyderabad Next Galleria Mall in Musarambagh. This multiplex is equipped with BARCO 2K projection system, next-generation 3D-enabled screens and

Rane Group Board approves $20 million investment in US subsidiary

CHENNAI | MUMBAI | RAJKOT – Rane (Madras) Ltd’s  board of direclors of the Company at its meeting held on Thursday i.e., March 21, 2019 inter-alia has approved enhancement in investments upto USD $20 million in Rane Precision Die Casting Inc., USA (RPDC), Step Down Subsidiary. For more details click the link given here :

RIL invests in a newly incorporated realty & infra entity

MUMBAI | RAJKOT –  In a regulatory filing submitted to the Exchanges in India on Friday, Reliance Industries Ltd said of having invested Rs 5,00,000 (5 lakh ~ 0.5 million) in cash in 50,000 equity shares of Rs. 10 each of “Reliance Navi Mumbai Infra Limited” (RNMIL), a newly incorporated entity. RNMIL is incorporated with

Mannapuram Finance acquires 100% stake in MACOM

THRISSUR | MUMBAI | RAJKOT –  Thrissur (Kerala) headquartered Mannapuram Finance Ltd’s Board of Directors at their meeting dated 20.03.2019 accorded their approval for acquiring 100% equity shares of Manappuram Comptech & Consultants Ltd and to make it a wholly owned subsidiary company of the Company. The company said in a regulatory filing submitted to

IDFC FIRST Bank sells its entire stake held in ARCIL

CHENNAI | MUMBAI | RAJKOT – IDFC FIRST Bank Limited, has sold it’s entire stake of 27,197,743 Equity Shares of Rs. 10 each held in Asset Reconstruction Company (India) Limited [“Arcil”), comprising approximately 8.37% of the Share Capital of ARCIL, today pursuant to Share Purchase Agreement. For more details click the link given here : https://buff.ly/2Tlar0V Follow DATELINE

After inspection, USFDA classifies Jubilant Life Sciences’ Nanjangud facility

NANJANGUD | NOIDA | MUMBAI | RAJKOT – Jubilant Lifesciences Limited (JLL), an integrated global pharmaceuticals and life sciences company, has been informed by the U.S. Food and Drug Administration (USFDA), in correspondence dated March 13, 2019, received today, that the inspection from December 10-18, 2018 at the Jubilant Generics Limited (JGL) (FEI: 3003144728) API

Majesco’s LifePlus solutions adopted by Hansard Global

DUBLIN | MUMBAI | RAJKOT – British Isle headquartered Hansard Global Plc selects SaaS based Majesco’s LifePlus solutions to transform their business. Hansard Global is a part of Hansard Group of Companies listed on London Stock Exchange and the company specializes in long-term savings services, with a clientele of 40,000 clients across the world managing

Asian Granito to raise 90 Cr Rs.(900 mln) via preferential warrants

AHMEDABAD | MUMBAI | RAJKOT – Ahmedabad headquartered Asian Granito India Ltd to raise 900 million rupees (90 crore) through preferential warrants issue, offering 5 million (50 lakh) convertible warrants of promoters & non-promoters group, with an intent to use the proceeds to fund high margin products, the company press release submitted to the Indian

Sun Pharma’s Research arm collaborates with Chinese Co HitGen

CHENGDU | VADODARA (BARODA) | MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Sun Pharma Advanced Research Co (SPARC) Ltd said of having tied-up with Chengdu (China) headquartered HitGen to identify and discover novel small molecule leads, for SPARC. HitGen and SPARC have entered DNA-Encoded Library Based Innovative Drug

From ports to airports, now on roads! Adani bags 2,923 cr rupees road projects

AHMEDABAD | MUMBAI | RAJKOT – After having forayed into ports and airports, now Adani group forays into road-construction business. In a regulatory update submitted to the Indian Exchanges on Tuesday, Adani Enterprises Ltd said of its wholly owned subsidiary Adani Transport Ltd having bagged 2 projects of 4-laning roads in Telangana state from NHAI

Kalptaru commences ops @ Element-2 of Alipurdaur Transmission

MUMBAI | AHMEDABAD | RAJKOT – In a press release submitted to the Exchanges in India on Tuesday, Kalptaru Power Transmission Ltd said of having kicked-off Element-2, Kishanganj-Darbhanga line, through its subsidiary Alipurdaur Transmission Ltd. The company has successfully completed and commenced commercial operations of Element-2 and with this completion ATL will be entitled for

Kandla Port acquires 18% stake in Dredging Corp of India

VISHAKHAPATNAM | NEW DELHI | MUMBAI | KANDLA-GANDHIDHAM | RAJKOT – Deendayal Port Trust (aka Kandla Port) has acquired 18% stake in Dredging Corporation of India Ltd acquiring 5 million (~50,40,101) shares, along with other three port trusts including Vishakhapatnam Port Trust, Paradip Port Trust and Jawaharlal Nehru Port Trust (aka Mumbai Port). Vide the

Two Multipurpose berths inaugurated @ Kandla Port

NEW DELHI | KANDLA-GANDHIDHAM | RAJKOT – The Union Minister for Shipping, Road Transport and Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari inaugurated two multi purpose berths – No.14 & No.16 at Deendayal Port at Kandla through video conferencing, on Friday. He also laid the foundation stone for the Central Inland &

ASHOK LEYLAND (AshLey) bags order for 1,290 buses from Gujarat State

CHENNAI | MUMBAI | GANDHINAGAR-AHMEDABAD | RAJKOT – In a press release submitted to the Indian Stock Exchanges, automobiles major Ashok Leyland Ltd said of having bagged order for 1290 Buses from Gujarat State Roadways Transport Corporation. This order comes closely on the back of 2580 bus orders received from various state transport undertakings recently.