Zydus Lifesciences Ltd. has entered into a Business Transfer Agreement (“BTA”) for the purchase of one of Watson Pharma Private Limited’s Business Undertakings (“Watson”) on a going-concern basis through a slump sale, without assigning values to specific assets and liabilities, on a cash-free and debt-free basis, at a lump-sum consideration of Rs. 46.77 crores. The

Gland Pharma Ltd, a manufacturer of generic injectables, announced on Tuesday that it will purchase Cenexi, a French pharmaceutical company, for 120 million euros, or roughly 1,015 crore Indian rupees. This move is part of an effort to increase Gland Pharma Ltd’s market share in Europe. A “Put Option Agreement” has been signed by the

An order for the design, engineering, procurement, and construction (EPC) of the remaining works of the Amrapali corporate centre at tower J, sector-2, IMT Manesar, Gurugram, Haryana, was given to the company for Rs 42.44 crore.Additionally, the company received an order for special repair and upkeep of the civil, electrical, mechanical, and plumbing systems, as

According to the sources with knowledge of the preparations, Reliance Retail has leased a 30,000 square foot location in Connaught Place, New Delhi, to launch a handicraft and artisan items retailing format that will directly compete with the state emporiums nearby. According to one of the people, Reliance Retail has leased space in Connaught Place’s

The US Food and Drug Administration (USFDA) has given Zydus Lifesciences permission to market Levothyroxine Sodium injection, which is used to treat thyroid hormone insufficiency. The US Food and Drug Administration (USFDA) has given the company’s US-based division preliminary authorisation to market the treatment, the pharmaceutical company reported in a regulatory filing.

L&T’s hydrocarbon division, L&T Energy Hydrocarbon, has won two esteemed offshore orders. British Gas Exploration and Production India Limited has awarded the nation’s first contract for the decommissioning of offshore installations (BGEPL, part of the Shell Plc Group of Companies). The engineering, preparation, removal, and transportation of five (5) offshore wellhead platforms and related infrastructure

TMRW, a project of the Aditya Birla Group, today announced partnerships with eight lifestyle brands that focus on the digital space. Within a few months of the venture’s start, several ties with new-age founders were forged. Over the coming years, TMRW will build a top technology-driven, digital-first “House of Brands” firm. TMRW has a revenue

A reputable player in the steel industry has given Waaree Renewable Technologies Limited (Formerly Sangam Renewables Limited) a Letter of Award (LoA) for the execution of Engineering, Procurement, and Construction (EPC) works in respect of a solar power project with a capacity of 52.5 MWp DC as well as the provision of land, infrastructure, and

SWSM has awarded HFCL Ltd a contract worth Rs.1770 crores for providing EPC Services, including provision for the laying of optical fibre cables, for the execution of the Varanasi Revenue Division in the state of Uttar Pradesh (“Project”). This will significantly increase the Company’s revenue and profitability. The optical fibre cables that have been laid

The Indian Energy Exchange (IEX) has received approval to establish a wholly-owned subsidiary company in India to investigate business opportunities in the carbon market. The Board of Directors approved the proposal in principle at their meeting on November 25, 2022. IEX is India’s leading energy exchange, offering a nationwide, automated trading platform for physical delivery