According to the Indian Ministry of Defence, three capital acquisition proposals totaling nearly $526 million (Rs. 4,300 crores) for the Indian Army and Navy have been approved. This follows a meeting of the country’s Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, who granted Acceptance of Necessity (AoN) to two proposals from the
According to JSW Ispat Special Products, crude steel production in Q3 FY23 was 0.10 million tonnes, a 30% decrease from 0.14 million tonnes in the same period last year. Steel production is significantly higher than the 0.03 million tonnes produced in Q2 FY23. “The crude steel production for Q3 FY23 was higher due to the restart
Sona BLW Precision Forgings rose 3.27% to Rs 436.30 after the company announced a deal to buy a 54% stake in sensors and software maker NOVELIC for €40.5 million. NOVELIC, based in Serbia, was founded in 2012 to provide mmWave radar sensors, perception solutions, and full-stack embedded systems. Sensors for advanced driver assistance systems (ADAS)
Glenmark Pharmaceuticals announced the launch of Bumetanide injection, a diuretic used to treat fluid accumulation caused by congestive heart failure, liver or kidney disease, or other medical conditions. Bumetanide is the generic name for Validus Pharmaceuticals LLC’s Bumex injection (0.25 mg/mL). Glenmark stated in its filing with the exchanges that it will offer Bumetanide injection
An official said on Monday that the international branch of Oil and Natural Gas (ONGC), ONGC Videsh Ltd, had repurchased a 20% share in the Sakhalin-1 oil and gas reserves in Russia’s far east. Exxon Neftegaz, a regional affiliate of the US energy giant ExxonMobil, was terminated as the Sakhalin-1 project’s operator by Russian President
Greatship (India) (GIL), a wholly owned subsidiary of Great Eastern Shipping Company, said that it has inked a contract to purchase an 80T anchor handling tug and supply vessel, which was built in 2007. (AHTSV). During Q4FY2023, the vessel is anticipated to join the company’s fleet. Currently, four PSVs, eight AHTSVs, two MPSSVs, four R-class
The United States Food and Drug Administration (USFDA) has given final permission to Zydus Lifesciences to market Febuxostat Tablets, 40 mg and 80 mg (USRLD: Uloric Tablets). The purpose of febuxostat tablets is to reduce hyperuricemia (high levels of uric acid in the blood) in gout patients who have either undergone unsuccessful allopurinol treatment or
Jindal Mobilitric Pvt., a subsidiary of Jindal Worldwide Ltd., said it will set up a electric two-wheeler manufacturing plant at Ahmedabad, with an annual production capacity of 2.5 lakh vehicles. Jindal Group’s electric mobility arm will also incorporate a fully automated battery manufacturing plant in-house to ensure “the highest level of battery safety, which will
Bharti Airtel, a Telecom giant, announced on Tuesday the launch of its 5G services in Bhubaneswar, Cuttack and Rourkela of Odisha. The Kalinga and Birsa Munda stadiums in Bhubaneswar and Rourkela, which are hosting the upcoming Men’s Hockey World Cup, respectively, are where the 5G services have been installed, according to the business. Customers will
The Tata Power Company Limited (TATA Group of Companies), one of the most famous groups, ordered Ultracab for around Rs. 22.88 Crores. The largest integrated power firm in India, Tata Power has a substantial global footprint. The Company is present in all power sector segments, including Fuel & Logistics, Generation (thermal, hydro, solar, and wind),
