News of Regulators 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

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

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 &

Brickwork reaffirms Credit Ratings for RAJ TV

CHENNAI | MUMBAI | RAJKOT – Brickworks ratings has reaffirmed the Credit (Short Term & Long Term) facilities ratings availed by RAJ TV NETWORK LTD. In a regulatory Credit Rating filing submitted to the Indian Bourses on Friday, the company said, Brickwork Ratings India Pvt Ltd, the rating agency has assigned the credit rating on

UNKNOWINGLY traded shares! InfoSys slams penalty on Kiran Majumdar Shaw

BENGALURU | MUMBAI | RAJKOT – Audit Committee of the Board of Directors of Infosys Ltd has slammed 9.5 lakh (950,000) rupees fine on Kiran Majumdar Shaw, Lead Independent Director, for having ‘unknowingly’ violated the Infosys Insider Trading Policy or the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), the company said in a

Indian Air Force airstrikes Jaish-e-Mohammad operated Terror Camps, no civil casualties

NEW DELHI | AHMEDABAD | RAJKOT – In an early Tuesday morning airstrike raid conducted by Indian Air Force, reports of Jaish-e-Mohammad (JeM) operated terror camps at Balakot, Chakhoti and Muzzaffarabad  area on Indo-Pak border, are reported to have been damaged completely. Foreign Secretary Vijay Keshav Gokhale, confirmed the operation and read a statment in