News of Central Gujarat 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

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

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.

INOX commences ops @ MOTI KHAVDI (Reliance Mall) JAMNAGAR in GUJARAT

MOTI-KHAVDI (JAMNAGAR) | VADODARA | MUMBAI | RAJKOT – In a regulatory update filed to the Indian Stock Exchanges, INOX Leisure Ltd said of having commenced multiplex cinema theatre at Moti Khavdi in Reliance Mall Complex at Jamnagar district of Gujarat. The Company has commenced the Commercial Operations of a Multiplex Cinema Theatre operated 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

IAF shoots down one Pakistani F16 fighter jet, MIG 21 BISON crashes, pilot goes Missing in Action

Image of LOCKHEED MARTIN manufactured F16 Fighter Aircraft (Pic Courtesy : Twitter Handle @LMIndiaNews)

NEW DELHI | AHMEDABAD | RAJKOT – Indian Air Force (IAF) shot down one F16 Pakistani Fighter aircraft of Pakistan Air Force, confirms Ministry of Extermal Affairs (MEA) of India. In a mid-air combat between Air Forces of both Nations, Indian Air Force MIG 21 BISON aircraft was reported crashed and one IAF pilot was

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

ADAG led RComm urgently approves release of Rs.2.6 bln to Ericsson

MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, Reliance Communications group has requested urgent approval from its lenders to release approx. Rs.260 crore (2.6 billion) received from Income Tax refunds, lying in its bank account, directly to Ericsson. A sum of Rs.118 crore (1.18 billion) has already been deposited with

UK, US Fin Regulators slam $133.3 Mln fine on StanChar, Bank makes provision to pay the fine

LONDON | MUMBAI | RAJKOT – In an update submitted to the Indian Bourses on Thursday, Standard Chartered Plc has said of making provisions of US Dollar ($) 900 million, which includes for potential penalties pegged at $133.3 million (~£102,163,200) relating to FOREX trading issues, slammed on the bank, by US and UK financial regulators.