News of Vadodara in Gujarat

US FDA issues form 483 to Alembic Pharma’s Panelav facility for oral solids

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory update filed to the Indian Bourses on Friday, Alembic Pharmaceuticals Ltd said of having got their Panelav facility manufacturing general oral solids inspected by US FDA (Food & Drugs Administration) and the regulator having slammed Form 483 to the facility, after inspection. The United States

ABB bags ₹115 cr transformer order from Ind Rly, Vadodara facility will process IR order

BENGALURU | VADODARA (BARODA) | MUMBAI | RAJKOT – In a press release submitted to the Indian Exchanges on Wednesday, ABB India Ltd said of having bagged 1.15 billion (~115 crore) rupee transformers supply order from Indian Railways. ABB will supply traction transformers for most powerful passenger electric locomotives, which shall be manufactured at Vadodara

INOX Leisure commences 132nd Multiplex in India at Bengaluru

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted on Friday, Inox Leisure Ltd said of having commenced commercial operations of Multiplex at Yelahanka area in Bengaluru. The Company has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis, located at INOX Leisure Limited, 2 nd Floor, RMZ

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

CRISIL upgrades credit ratings from Stable to Positive for Inox Wind

VADODARA (BARODA) | MUMBAI | RAJKOT – In a press releases submitted to the Indian Bourses on Wednesday, October 3, 2018, Inox Wind Ltd said of having credit ratings revised by CRISIL Limited from stable to positive. “(CRISIL) has upgraded its outlook for the Company to ‘Positive’ from ‘Stable’ earlier. Additionally, they have reaffirmed ratings

Hindustan Oil executes Revenue Sharing pact with Indian Government

VADODARA (BARODA) | MUMBAI | RAJKOT – Vadodara (Baroda) headquartered Hindustan Oil Exploration Company Ltd has executed revenue sharing contract for the oil-block won under open acreage licensing policy of Government of India, the company said in a regulatory filing submitted to the Exchanges in India on October 3, 2018 – Wednesday. HOEC executed the

RIL subsidiary acquires 37% stake in US based analytics biz tech start-up Netradyne

MUMBAI | RAJKOT – In an update submitted to the Indian Bourses today, Reliance Industries Ltd said of its subsidiary company having acquired 37% stake in a US (Delaware) based analytics business tech start-up Netradyne paying US$ 8 million (~581 million rupees) subscribing 4 million shares. Reliance Industrial Investments and Holdings Limited (“RIIHL”), the wholly

Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally. “As the company moves

INOX kicks-off Multiplex at Gorakhpur in Uttar Pradesh

VADODARA (BARODA) | MUMBAI | RAJKOT – INOX Leisure Ltd has kicked-off multiplex at Gorakhpur in Uttar Pradesh, the company statement filed with the Indian Exchanges on Monday said. The Company has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis, located at INOX Gorakhpur City Mall, 2nd F1oor, 6, Civil

Vijaya Bank and Dena Bank amalgamate with Bank of Baroda

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted by Dena Bank, Vijaya Bank and Bank of Baroda, to the Stock Exchanges in India on Tuesday, all three banks have said of having amalgamated vide the directive from Ministry of Finance, Government of India. The Bank has received a communication from Ministry

Suzlon Energy & CLP India, partner for two solar projects, in Maharashtra

PUNE | MUMBAI | RAJKOT – After wind the Tulsi Tanti led Suzlon Energy goes aggressive on investments in Solar Renewable Energy, in a regulatory filing along with press communications submitted to the Exchanges in India on Tuesday, Suzlon Energy Ltd said of having entered into partnership with CLP India for two solar projects in

Sun Pharma acquires stake in Israeli Pharma Co paying US$3 million

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses on Monday, Sun Pharmaceuticals Ltd., said of having acquired 18.75% stake in Israeli Pharma company Tarsius Pharma Ltd. One of the wholly owned subsidiaries of the Company has agreed to acquire shares of Tarsius Pharma Ltd, (“Tarsius”), Israel, by

CCI approves Linde-Parxair deal

VADODARA (BARODA) | MUMBAI | RAJKOT – Competition Commission of India (CCI) has approved the merger between Linde AG and Parxair, Inc, Linde India Ltd today said in a regulatory filing submitted to the Linde AG and Praxair, Inc. had jointly made an application to the CCI on 11 January 2018 pursuant to the provisions

RBI certifies Reliance Cap as Core Investment Company

MUMBAI | RAJKOT – Reliance Capital Ltd said in regulatory filing submitted to the Exchanges in India on Friday of the company having received Reserve Bank of India Certification as Core Investment Company. The Company has received Certificate of Registration from the Reserve Bank of India as a Core Investment Company- Non-Deposit Taking Systemically Important

World’s first solar quality project certification goes to Suzlon!

PUNE | MUMBAI | RAJKOT – World’s first solar quality project certification for photovoltaic power plants has been announced and the Suzlon Energy Ltd’s Veltoor Solar Project in Telangana has been awarded this certification by DNV GL, one of the global quality assurance and risk management companies, the company today said in a press statement