Balrampur Chini Mills Limited announced that the Board of Directors approved an increase in cane crushing capacity at its Kumbhi Unit from 8000 TCD to 10000 TCD at their meeting on February 11, 2023. INR 1,045.5 million in investment is required (Approx.). Sugarcane availability is expected to increase in the command area. This will also
Mahindra and Mahindra expects its first electric vehicle to be produced in Zaheerabad, Telangana, by 2024, according to a senior executive at the company. M&M Ltd stated to reporters after announcing the third quarter results for FY2022-23, that the new plant, which will be housed in the existing facility, will be operational in two years.
Sun Pharmaceutical Industries announced that one of its wholly owned subsidiaries received final FDA approval for its Abbreviated New Drug Application (ANDA) for generic lenalidomide capsules, 5mg, 10mg, 15mg, and 25mg, as well as tentative approval for 2.5mg and 20mg. The respective product approval is based on the reference product Revlimid Capsules, 5mg, 10mg, 15mg,
Torrent Power has signed a binding term sheet to acquire a 100% stake in Airpower Windfarms (AWPL). The acquisition cost Rs 21.74 crore. Previously, the company acquired 3,25,10,000 equity shares of Wind Two Renergy (WTRPL) at a face value of Rs 10 each for a total of Rs 32.51 crore from lnox Green Energy Services
ISGEC Heavy Engineering Limited has received a prestigious order for Oil and Gas Fired Boilers for a Haryana refinery project. The order covers the design, engineering, supply, construction, and commissioning of a 3 x 300 TPH boiler. The order is worth Rs. 500 crores. This order demonstrates Isgec’s position as a leading provider of technologically
Tech Mahindra has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Ministry of Communication and Information Technology to establish a data, AI, and cloud centre of excellence (CoE) in Riyadh. The CoE will combine academic and socioeconomic goals to build national Hi-tech talent capacity, create high-quality jobs, promote digital innovation, and upscale small and
“We are pleased to announce that the Company has been awarded projects totaling INR 43.98 crores,” Apollo Micro Systems said in a statement. Apollo Micro Systems specialises in the design, development, and assembly of custom electronics and electromechanical solutions. The company serves the markets of aerospace, defence and space, railways, automotive, and homeland security. On
Intellect Design Arena (Intellect) announced a collaboration with Amazon Web Services (AWS) that will accelerate Intellect’s Go-To-Market strategy for IntellectAI, the insurance and wealth line of business, with Artificial Intelligence products designed for commercial underwriting, wealth, and capital markets. With this collaboration, Intellect will work closely with AWS to bring AWS’s innovation and emerging technology
The Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Committee (MPC) raised the repo rate by 25 basis points to 6.5 percent on Wednesday, up from 6.25 percent previously. The repo rate (RR) is the interest rate at which the central bank lends money to commercial banks or financial institutions in India, whether
The US Food and Drug Administration (USFDA) has granted final approval to Aurobindo Pharma’s Aurolife Pharma LLC. to manufacture and market Diclofenac Sodium Topical Solution. The approved product is bioequivalent and therapeutically equivalent to Horizon Therapeutics Ireland DAC’s reference listed drug (RLD), Pennsaid Topical Solution (Horizon). Diclofenac Sodium Topical Solution is prescribed to treat osteoarthritis.
