DoT has approved Tejas application under Government of India’s Design-led Production Linked Incentive (PLI) scheme

In order to manufacture telecom and networking equipment, Tejas Networks announced that the Department of Telecommunications (DoT) had approved its application under the Design-led Production Linked Incentive (PLI) scheme of the Indian government. The company pledged in its application to invest a minimum of 750 crore rupees in capital during the course of the scheme.

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Sonata Software opens its brand-new, top-notch software development facility in Bengaluru

Global IT services and technology solutions provider Sonata Software has opened a brand-new, cutting-edge development centre on its site in Bengaluru, India’s Global Village. The opening of the new centre will create space for future expansion opportunities and is consistent with the company’s ambition to become the fastest-growing provider of IT services. Over 600 Workstations

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Launch of Fingolimod capsules by Glenmark Pharma in the US

The pharmaceutical company announced that the Fingolimod capsules, which are used to treat multiple sclerosis, have entered the American market. The generic form of Novartis Pharmaceuticals Corporation’s Gilenya capsules, 0.5 mg, is called fingolimod capsules. For the twelve months ending in September 2022, IQVIA sales data show that the market for Gilenya capsules, 0.5 mg,

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A MoU between Abu Dhabi National Oil Co. and GAIL India for the supply of liquefied natural gas and decarbonization

State-run GAIL India and Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to explore partnership possibilities in the supply of liquefied natural gas (LNG) and decarbonization, including short- and long-term sales agreements. At the Abu Dhabi International Petroleum Exhibition and Conference, the agreement was signed on Monday in Abu Dhabi

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In Bangalore, ABB India opens its first manufacturing for smart instruments

ABB India said on Tuesday that it has inaugurated a factory in Bengaluru for the mass production of measurement and analytical equipment. According to a release, ABB Measurement & Analytics recently launched its first smart instrumentation factory in Bengaluru, India, to assist the city’s goal of becoming a major centre for global design and production.

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Nykaa changes the record date for shares with a 5:1 bonus

The record date for 5:1 bonus shares has been moved from 3 November 2022 to 11 November 2022 by the board of FSN E-Commerce Ventures (Nykaa). The company’s board of directors approved the issuance of 5 bonus equity shares for each share held on October 3, 2022. (5:1).In the last three straight sessions, the stock

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The flagship Vizag facility of Solara Active Pharma has been granted European Approval (CEP) to produce ibuprofen

‘Certificate of Suitability’ (CEP) approval for the manufacture of Ibuprofen API, from European Directorate for the Quality of Medicines (EDQM), was granted to Solara Active Pharma Sciences Limited (Solara), a leading pure play Active Pharmaceutical Ingredient provider, at its new state-of-the-art multipurpose API manufacturing facility in Vishakhapatnam, Andhra Pradesh. This is the first international regulatory

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