RVNL rises on emerging L-1 bidder for NHAI project worth Rs 1,272 cr

Rail Vikas Nigam (RVNL) rose 2.10% to Rs 64.23 after the TTIPL-RVNL consortium was named the lowest bidder (L1) for a Rs 1,271.99 crore National Highway Authority of India (NHAI) project. The project costs Rs 1,271.99 crore, with Tracks & Towers Infratech (TTIPL) owning 51% and RVNL owning the remaining 49%. The project scope includes

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Glenmark Pharma gets USFDA approval for generic Prochlorperazine tablets

Glenmark Pharmaceuticals announced that it has received final approval from the US Food and Drug Administration (US FDA) for Prochlorperazine Maleate tablets, the generic version of GlaxoSmithKline’s Compazine tablets. Prochlorperazine is used to treat nausea, vomiting, and migraines caused by a variety of medical conditions. It is also used to treat dizziness (vertigo) caused by

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SJVN Green Energy bags 200 MW solar power project from MSEDCL

SJVN Green Energy, a wholly owned subsidiary of SJVN, has received a Letter of Award from Maharashtra State Electricity Distribution Company (MSEDCL) for a 200 MW Solar Power Project to be developed anywhere in Maharashtra. The project is expected to be completed in 18 months, beginning with the signing of the PPA with MSEDCL. The

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Rail Vikas Nigam emerges lowest bidder for HORC project

Rail Vikas Nigam (RVNL) is the Lowest Bidder (L1) for Package No. C-4: Composite Contract package associated with the new BG Railway Line of the HORC project for:i)Design and construction of a twin tunnel from km 24.880 to km 29.580 using NATM and the cut-and-cover method:ii) Design and installation of ballast-free track from km 24.856

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NCLT approves HDFC- HDFC Bank merger

The final order sanctioning the composite scheme of amalgamation (Scheme) for the amalgamation of: I HDFC Investments and HDFC Holdings, wholly-owned subsidiaries of Housing Development Finance Corporation (HDFC), with and into HDFC; and (ii) HDFC with and into HDFC Bank was issued by the National Company Law Tribunal, Mumbai Bench.

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Garware Technical Fibres to acquire 26% stake in TP Bhaskar Renewables Ltd

Garware Technical Fibres has signed an agreement with TP Bhaskar Renewables (TPBRL) under which the Company has agreed to acquire and/or subscribe to 26% (twenty-six percent) equity shares of TP Bhaskar Renewables. The proposed acquisition and/or subscription of TPBRL equity shares will allow the company to become a Captive User of “Green Power,” i.e. solar

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GAIL inks MoU with Shell Energy India on LNG transport, renewables

GAIL announced that it has signed an agreement with Shell India on liquefied natural gas (LNG) for road transport, regasification of imported LNG, and renewables, among other things. The purpose of the MoU is to investigate opportunities in various aspects of the energy value chain. GAIL stated in a statement that this is a step

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Samvardhana Motherson International has approved the purchase of 50% of Fritzmeier Motherson Cabin Engineering

Samvardhana Motherson International announced that its board of directors has approved the acquisition of Fritzmeier Motherson Cabin Engineering’s remaining 50% stake from F Holdings GmbH, Austria. After the transaction is completed, Fritzmeier Motherson Cabin Engineering will become a wholly owned subsidiary of the company. Fritzmeier Motherson Cabin Engineering develops, manufactures, and sells operator cabins, cover

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