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Alembic Pharma Secures Tentative USFDA Approval for Selexipag

Alembic Pharma Secures Tentative USFDA Approval for Selexipag

15 July 2024

Alembic Pharmaceuticals Limited (Alembic) has announced in a stock exchange filing that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Selexipag for Injection, 1,800 mcg/vial. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Uptravi® for Injection, 1,800 …

Deep Industries Secures ONGC Contracts for Workover Rigs

Deep Industries Secures ONGC Contracts for Workover Rigs

15 July 2024

Deep Industries Limited announced in a stock exchange filing that the company had received Letters of Award from Oil and Natural Gas Corporation Limited (ONGC) for the charter hiring of two workover rigs. The contracts entail one 100MT workover rig for Tripura and one 150MT workover rig for Rajahmundry. The total estimated value of these …

TCC Concept Ltd Announces Acquisition of NES in Data Centre Expansion Move

TCC Concept Ltd Announces Acquisition of NES in Data Centre Expansion Move

15 July 2024

On July 13, 2024, TCC Concept Limited announced via a stock exchange filing that it will acquire NES’s businesses and management valued at ₹461.03 crore. Pending shareholder approval, TCC Concept Limited will issue shares at ₹352 per share to promoters and non-promoters. Additionally, the Board approved an increase in authorised capital from ₹25 crore to …

Geojit Financial Services Q1 FY 24-25 Results and Business Overview

Geojit Financial Services Q1 FY 24-25 Results and Business Overview

15 July 2024

Geojit Financial Services Ltd announced its first-quarter results for the 2024-25 fiscal year. The company’s consolidated net profit is ₹46 crore. Here are the consolidated financial highlights for Geojit Financial Services Ltd. for the quarter ended June 30, 2024: Particulars Q1 FY 24-25 (₹ crore) Q1 FY 23-24 (crore) Q4 FY 23-24 (crore) Revenue 181.18 …

Why are Tyre Stocks Gaining Today?

Why are Tyre Stocks Gaining Today?

15 July 2024

Indian tyre companies are experiencing a double boost – rising share prices and upcoming price hikes. Leading players like JK Tyre, Ceat, Apollo Tyres, and MRF witnessed significant gains on Monday (July 15), with some stocks surging over 13%. This impressive performance coincided with the Nifty reaching a new all-time high of 24,600. JK Tyre …

Sula Vineyards Reports Record Q1FY25 Revenue and Expands Operations

Sula Vineyards Reports Record Q1FY25 Revenue and Expands Operations

15 July 2024

On July 10, 2024, Sula Vineyards Ltd (NSE: SULA), India’s largest wine producer, announced its highest-ever Q1 Net Revenue, both overall and for its priority Own Brands. The provisional and unaudited figures are as follows: Key results  Q1FY25 (₹ crore) Q1FY24 (₹ crore) YoY Own Brands 104.4 101.6 2.70% Wine Tourism 11.3 11.5 -2.50% Net …

Indegene and Microsoft Partner to Boost AI Innovation in Life Sciences

Indegene and Microsoft Partner to Boost AI Innovation in Life Sciences

15 July 2024

On July 11, 2024, Indegene announced via a stock exchange filing that it has partnered with Microsoft to advance GenAI services for global life sciences companies. They plan to develop specialised tools for medical and technology sectors to enhance AI services across commercial, medical, regulatory, and clinical functions. Tarun Mathur, CTO of Indegene, said, “GenAI …

Pennar Industries Expands Operations with New Plant in Raebareli, Uttar Pradesh

Pennar Industries Expands Operations with New Plant in Raebareli, Uttar Pradesh

15 July 2024

On July 01, 2024, Pennar Industries Limited (PIL), a company specialising in engineering products and solutions, announced through a stock exchange filing that it is expanding its manufacturing operations in Northern India. Pennar Industries Limited is establishing a new plant in Raebareli, Uttar Pradesh, which is expected to be ready by the second quarter of …

DLF Info City Chennai Expands Stake in Tulip Renewable Powertech

DLF Info City Chennai Expands Stake in Tulip Renewable Powertech

12 July 2024

DLF Info City Chennai Limited (DICCL), a wholly-owned subsidiary of DLF Cyber City Developers Limited (majority-owned by DLF Limited), has increased its stake in Tulip Renewable Powertech Private Limited (Tulip). This move strengthens DICCL’s position in the renewable energy sector and aligns with its captive power consumption requirements. Transaction Details DICCL acquired an additional ~4.95% …

Infosys Public Services Wins Delaware Contract for Labor Program Revitalisation

Infosys Public Services Wins Delaware Contract for Labor Program Revitalisation

12 July 2024

Infosys Ltd’s North America-based subsidiary, Infosys Public Services (IPS), has announced that it has been awarded a contract by the Delaware Department of Labor to revitalise the state’s unemployment insurance tax, benefits, and appeals programs. Additionally, Infosys Public Services will develop a new system for the paid family medical leave program. Delaware plans to utilise …

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