News of Ahmedabad in Gujarat

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.

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

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

#DLGPOLLTRIX2019 | Poll Data, Numbers & United Colours of Gujarat (IN IMAGES)

AHMEDABAD | GANDHINAGAR | RAJKOT – Registered averaged voters turnout across 26 Lok Sabha constituencies in the state of Gujarat for Lok Sabha 2019 Phase-3 polls increased by just 1.54% at 63.90%, over the Lok Sabha 2014 registered voters turnout which was 62.36%. However the registered electoral numbers added to the election commission’s database in

Zions Bancorporation Unifies Lending Operations with TCS BaNCS

NEW YORK | MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a press-release communication addressed to the Indian Stock Exchanges on Monday, India’s leading Information Technology company Tata Consultancy Services (TCS) Ltd said of Zions Bancorporation Unifies Lending Operations with TCS BaNCS, Deploying Tata Consultancy Services’ Centralized Banking Platform has Simplified the Bank’s IT Landscape,

#DLGQ4FY19EARNINGS | TV18 Broadcast’s Consolidated Net Profit YoY for Q4FY19 (Jan-Mar Quarter) shoots-up 6 folds!

MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a regulatory quarterly earning update for fourth quarter of financial year 2018-19 ie January to March quarter, TV18 Broadcast Ltd reported a sharp jump in year-on-year consolidated net profit of the company which grew 6 folds at 300 million rupees (299 million rupees to be precise)

HDFC Bank proposes 500 bln rupees fund raising via bonds for pvt placement

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to Indian Bourses on Monday, Indian Banking major HDFC Bank Ltd said of the Bank proposes to raise funds by issuing  Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds  (Financing of infrastructure and affordable housing)

Jaguar hibernates(!) Tata Motors YoY sales of JLR for FY19, dips 6%

WHITLEY (UK) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory monthly business update submitted by Tata Motors Ltd to the Indian Bourses on Monday, the company said of Jaguar Land Rover retail sales in Fiscal-2018/19 were 578,915 vehicles, down 5.8% compared to Fiscal-201 7/18. Whereas, Jaguar retail sales in Fiscal 2018/19 were 180,198 vehicles, up

Zydus Cadila (Healthcare) gets USFDA nod to market anti-epileptic drug to prevent & control seizures

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses on Monday, Ahmedabad headquartered pharma major – Cadila Healthcare Ltd (Dr Pankaj Patel led Zydus Cadila Group) has received the tentative approval from the USFDA to market Lacosamide Tablets (US RLD – Vimpat®) in the strengths of 50 mg, 100 mg,

Adani Power gets Letter of Intent from NCLT Ahmedabad, for porposed acquisition plan of Chhattisgarh based Korba West Power Co

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update statement, Ahmedabad headquartered diversified business activities group company – Adani Power Ltd said of the Company been awarded the Letter of Intent (“LOI”) for M/s. Korba West Power Company Limited (“KWPCL”). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency

CONCOR’s total container handling for Q4(Jan-Mar) FY2019 up 3% YoY @ 9,78,930 TEUs

NEW DELHI | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Container Corporation (CONCOR) of India Ltd, a multimodal logistics company and one of the Navratna public sector undertaking ventures of Indian Government reported 3% growth in the total container traffic handled for Q4 (Jan-Mar) of Financial year 2018-19

USFDA concludes Cadila Healthcare’s (Zydus) Pharmez facility with one observation

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, on Wednesday, Ahmedabad headquartered Pharma major Cadila Healthcare (Dr Pankaj Patel led Zydus Cadila Group) Ltd said of one of their units being inspected by US Food & Drugs Administration (USFDA) and the regulator has concluded the inspection with one

L&T sells its entire stake held in L&T Kobe Machinery for 435 million INR

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Larsen & Toubro (L&T) Ltd  has entered into a definitive agreement with KOBE STEEL, LTD., a company registered in Japan, on April 2, 2019 for the divestment of its entire stake in L&T Kobelco Machinery Private Limited, a 51:49 joint venture between