Sun Pharma Advanced Research Co. and Sun Pharmaceutical Industries Ltd. Ltd (SPARC) reported on Wednesday that the businesses had signed a licencing agreement for the commercialization of phenobarbital for injection in the US. In February 2022, SPARC submitted a New Drug Application (NDA) for this medicine to the US Food and Drug Administration (USFDA). The
According to Chief Financial Officer (CFO) Parag Agarwal, Dr Reddy’s Laboratories has set aside around Rs 1,500 crore in capital expenditures for FY23, the majority of which is planned to be used to expand the company’s biosimilar and injectable business capacities. The major pharmaceutical company also intends to use the funds to expand the capabilities
On November 7, 2022, SeQuent Scientific Limited (SeQuent), India’s top animal health company with a significant presence in veterinary formulations and APIs, inked a legally binding agreement to purchase 100% of the stock of Tineta Pharma Private Limited (Tineta), an Indian organization. India is a key market for SeQuent, and this acquisition would significantly boost
The US Food and Drug Administration (USFDA) has granted final approval to Zydus Lifesciences to market Bisoprolol Fumarate and Hydrochlorothiazide tablets USP, 2.5 mg/6.25 mg, 5 mg/6.25 mg, and 10 mg/6.25 mg (USRLD: Ziac tablets). High blood pressure should be treated with a combination of bisoprolol fumarate and hydrochlorothiazide (hypertension).The group’s formulation manufacturing facility in
BEL released a statement saying, “Navratna Defence PSU Bharat Electronics Ltd (BEL) today signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd (DMRC) for jointly developing the Indigenous Communication-based Train Control System (i-CBTC), an important milestone in India’s journey toward self-reliance in Rail and Metro operations. i-CBTC, which is being created locally
In a transaction valued at roughly 500 million euros, Reliance Industries is prepared to buy German retailer METRO AG’s Cash & Carry business in India (Rs 4,060 crore). The acquisition includes 31 METRO Cash & Carry-owned wholesale distribution centres, land banks, and other assets. Reliance Retail, the largest retailer in the nation, will benefit from
In order to increase its manufacturing capacity, Voltas would invest more than Rs 1,000 crore, which includes building a new plant close to Chennai, Tamil Nadu. Government approval has not yet been granted for a second proposed Rs 500 crore compressor project in collaboration with China’s Highly International. The projected expenditures are intended to accelerate
On Wednesday, Tata Steel sent the first shipment of Tata Aggreto, a brand of steel slag aggregates, to Border Roads Organisation (BRO) for the construction of roads in Arunachal Pradesh as part of Project Arunank. The company said in a statement that by providing Aggreto, a value-added industrial by-product, for road construction, “the private steel
Navratna Defense PSU BEL to cooperate on broadband & push-to-talk services with Motorola Solutions India Pvt Ltd & have signed a Memorandum of Understanding (MoU). The company with its headquarters in Bengaluru said in a statement that the MoU aims to take advantage of the complementing strengths and competencies of BEL and Motorola. It added
“Adani New Industries Limited (ANIL) on Thursday announced the installation of country’s largest Wind Turbine Generator (WTG) in Mundra, Gujarat,” a company statement said. Mundra Windtech Ltd (MWL), an Adani Enterprises Ltd. wholly-owned company, installed the turbine (AEL). This prototype is also Adani New Industries Ltd.’s (ANIL) first addition to its portfolio and has paved
