Redignton has been named as Polycab India’s national distributor for passive networking solutions following the announcement of a strategic partnership between the two companies. By leveraging Redington’s extensive distribution network and effective operational know-how, Polycab Telecom, the company’s telecom division, hopes to achieve its distribution objectives and strengthen the presence of its passive networking portfolio,

In the month of November 2022, NCC received two new orders totaling Rs. 376 crore (before GST). One of these orders, worth Rs. 321 crore, relates to the Electrical Division, and the second, worth Rs. 55 crore, relates to the Roads Division. These orders are from state government agencies and do not include any internal

Aditya Birla Sun Life AMC has been given approval by the IFSCA to function as a registered fund management entity and to provide Alternative Investment Fund (AIF) and Portfolio Management Services (PMS). The company can provide services through a branch office in Gujarat’s GIFT City’s International Financial Services Centre (IFSC). The company’s decision to establish

Biocon Biologics, the Biocon Ltd. subsidiary that produces biosimilars, announced on Tuesday that it had paid $3 billion for the global biosimilars business of Viatris. According to a statement made by the pharmaceuticals company’s parent, Biocon Ltd, the multi-billion dollar acquisition was completed using a combination of cash and equity. In addition to issuing Compulsorily

The subsidiary of Kilpest India, 3B BlackBio Biotech India, has signed a non-binding Letter of Intent (LoI) to purchase 100% of the stock of a European firm that specialises in the development and production of cutting-edge, high-quality products for the life science and molecular diagnostic markets. An investment in this company would be strategic in

PTC Industries Limited and Safran Aircraft Engines have signed a Memorandum of Understanding (MoU) to explore opportunities for strategic business cooperation. Safran Aircraft Engines is involved in, among other things, the design, development, manufacturing, and maintenance of civil and military aircraft engines as well as other aerospace and defense-related equipment. In accordance with the MoU,

On November 29, the Adani Group, with an initial investment of 5,069 crore, won the contract to rehabilitate Dharavi, one of the biggest slum clusters in the world. Adani Group filed a bid of 5,069 crore, DLF Group offered a bid of 2,025 crore, and Naman Group’s bid was disqualified owing to technical reasons. Adani

Cipla Limited and Cipla USA Inc., its wholly owned subsidiary, announced the launch of Leuprolide Acetate Injection Depot 22.5mg today. The United States Food and Drug Administration approved the product (USFDA). Leuprolide Acetate Injection Depot contains 22.5 mg of leuprolide acetate and is administered as a single dose injection over a three-month period. It comes

Automajor Tata Motors revealed on Tuesday that it has partnered with IndusInd Bank to provide its authorised passenger EV dealers with an exclusive Electric Vehicle Dealer Financing solution. As part of the programme, IndusInd Bank will offer authorised Tata Motors passenger EV dealers extra inventory funding at a competitive rate. This extra inventory funding would

Tata Consultancy Services’ “iLens” is a new digital lending platform that ICICI Bank has launched (TCS). From loan application through credit disbursement, iLens digitises the entire lending process for borrowers. In the beginning, iLens services would be made available to clients looking to obtain housing loans from ICICI Bank, according to a statement from TCS. “We