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Phenylephrine Hydrochloride Eye Drops by Caplin Steriles Receive USFDA Nod

Phenylephrine Hydrochloride Eye Drops by Caplin Steriles Receive USFDA Nod

24 May 2024

On May 24, 2024, Caplin Point Laboratories Limited informed the stock exchanges that the company’s subsidiary, Caplin Steriles Limited, has received final approval from the United States Food and Drug Administration (USFDA). The approval is for its Abbreviated New Drug Application (ANDA) for Phenylephrine hydrochloride Ophthalmic Solution USP 2.5% and 10% (eye drops). Phenylephrine hydrochloride …

DroneAcharya and Airbots Forge Strategic Partnership for Agricultural Drone Solutions

DroneAcharya and Airbots Forge Strategic Partnership for Agricultural Drone Solutions

24 May 2024

On May 24, 2024, DroneAcharya Aerial Innovations Limited, in a stock exchange filing, announced a strategic partnership with Airbots Aerospace Technologies Private Limited via a Memorandum of Understanding (MOU). The company stated that this collaboration aims to enhance their combined initiatives in the drone sector, particularly agricultural applications. As per the agreement between DroneAcharya Aerial …

Jagsonpal Introduces India’s First Hormone Replacement Therapy

Jagsonpal Introduces India’s First Hormone Replacement Therapy

24 May 2024

On May 24, 2024, Jagsonpal Pharmaceuticals Limited informed the exchanges about the launch of MemUp, India’s first hormone replacement therapy (HRT) that features a US FDA-approved combination of bioidentical estradiol and bio-identical progesterone in a single daily oral capsule. MemUp represents a major advancement in women’s healthcare, providing an innovative solution for managing vasomotor symptoms …

Biocon and Handok Ink Exclusive Deal for Liraglutide Commercialisation in South Korea

Biocon and Handok Ink Exclusive Deal for Liraglutide Commercialisation in South Korea

24 May 2024

On May 24, 2024, Biocon Ltd announced in an exchange filing that the company had signed an exclusive licensing and supply agreement with Handok to commercialise its vertically integrated, complex drug product, Synthetic Liraglutide. Handok is a speciality pharmaceutical company in South Korea. It is involved in the development and distribution of healthcare solutions to …

HCLTech’s AquaSphere Wins SAP Pinnacle Award

HCLTech’s AquaSphere Wins SAP Pinnacle Award

24 May 2024

On May 23, 2024, HCL Technologies Limited (HCLTech) informed the exchanges that the company won the SAP Pinnacle Award in the Social Impact category for the HCLTech AquaSphere solution that helps companies reach their water conservation goals. The SAP Pinnacle Awards recognise leading SAP partners each year for their dedication to delivering customer value, achieving …

Tata Power Aims To Secure a $1 Billion Loan To Support Its Clean Energy Projects

Tata Power Aims To Secure a $1 Billion Loan To Support Its Clean Energy Projects

24 May 2024

Tata  Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India, and is part of the Tata Group. The power generation company has a market capitalization of more than 2,00,000 crores, The Tata Group company is seeking to secure a $1 Billion loan for the support of its clean …

Upcoming Dividends in June 2024

Upcoming Dividends in June 2024

24 May 2024

The Reserve Bank of India approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, marking a significant increase of around 141% compared to FY23. Additionally, the contingency risk buffer (CRB) has been raised to 6.5% from its previous level of 6%. In FY23, the central bank had transferred Rs 87,416 …

Honasa Consumer Strengthens R&D with Acquisition of Cosmogenesis Cosmetics

Honasa Consumer Strengthens R&D with Acquisition of Cosmogenesis Cosmetics

24 May 2024

Honasa Consumer Limited, a leading digital-first house of beauty and personal care brands, announced a strategic move to bolster its research and development (R&D) capabilities. The company has entered an Asset Purchase Agreement with Cosmogenesis Cosmetics, a Thane, Maharashtra-based cosmetics R&D consultancy and manufacturing firm. Acquisition Details The agreement entails the acquisition of specific assets …

HCLTech Bolsters Telecom Services Expertise with Strategic Asset Acquisition from HPE

HCLTech Bolsters Telecom Services Expertise with Strategic Asset Acquisition from HPE

24 May 2024

HCL Technologies Limited (HCLTech), a leading global IT services provider, announced a strategic move to further bolster its presence in the telecom services sector. Through an asset acquisition agreement, HCLTech will acquire key assets from Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG). Expanding Capabilities Across the Spectrum This acquisition signifies HCLTech’s commitment to continued …

Uno Minda Unveils Strategic Growth Plans with Acquisitions and Expansion

Uno Minda Unveils Strategic Growth Plans with Acquisitions and Expansion

24 May 2024

Uno Minda Limited (formerly Minda Industries Limited), a leading automotive component supplier, has outlined a series of strategic initiatives to bolster its market presence and production capabilities. These announcements encompass an equity stake acquisition, in-principle approval for another acquisition, and a planned plant expansion. Stake in Toyoda Gosei Uno Minda announced the acquisition of a …

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