In recent political discussions, the BJP’s manifesto has promised to make India the “API Market of the World” if they comes into power. This has significant implications for India’s pharmaceutical industry, particularly for companies specializing in APIs, or active pharmaceutical ingredients. APIs are the key chemicals in drugs, and there are companies that focus on …
On June 7, 2024, The Great Eastern Shipping Company Limited (GE Shipping) announced its acquisition of a medium-range (MR) product tanker weighing approximately 49,990 deadweight tons (dwt). The agreement, finalised on June 6, 2024, involves a vessel built in 2013, set to integrate into the company’s fleet during the second quarter of the fiscal year …
On June 7, 2024, Adani Ports and Special Economic Zone Limited (APSEZ) informed in an exchange filing that the company received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. APSEZ secured the five-year O&M contract …
On June 6, 2024, Dixon Technologies (India) Limited (Dixon) informed the stock exchanges that it had entered into a Term Sheet with HKC Corporation Limited (HKC) for a prospective Joint Venture arrangement. The collaboration aims to manufacture Liquid Crystal Modules (LCM) and thin film transistor liquid crystal display modules (TFT-LCD Modules), along with assembling end …
On June 6, 2024, Jubilant Pharmova Limited informed in a stock exchange filing regarding the acquisition progress of O2 Renewable Energy XVI Private Limited (O2). Initially proposed on January 2, 2024, the company outlined plans to acquire a 19.89% stake, equivalent to 75,903 Compulsorily Convertible Debentures (CCDs) with a face value of ₹1,000 each, along …
Indoco Remedies Ltd has secured a significant win, receiving tentative approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA). This paves the way for the company to market a generic version of Invokamet® Tablets, a medication used to treat type 2 diabetes mellitus. The approved generic comes in …
Alkem Laboratories Limited, a leading pharmaceutical company in India, announced a strategic investment of ₹30,00,05,156 in HaystackAnalytics Private Limited. This pre-Series A investment signifies Alkem’s commitment to harnessing the power of advanced genomic data analysis for improved diagnostics and business growth. Aligning with Growth Strategies The investment falls outside the purview of related party transactions. …
Hero MotoCorp Limited, India’s leading two-wheeler manufacturer, announced on June 6, 2024, a strategic move to further solidify its presence in the electric vehicle (EV) space. The company’s Board of Directors approved the purchase of additional shares in Ather Energy Private Limited, a prominent player in the Indian EV market. This investment underscores Hero MotoCorp’s …
On June 06, 2024, Muthoot Microfin Limited, a leading microfinance institution headquartered in Kochi, announced a significant milestone. The company entered a strategic co-lending partnership with the leading commercial bank, State Bank of India (SBI). With this collaboration, Muthoot Microfin Limited aims to extend its financial services to women entrepreneurs in rural and semi-urban regions …
Valor Estate Limited (VEL), a leading real estate developer in India, announced a significant restructuring plan aimed at streamlining operations and unlocking further growth potential. The Board of Directors has approved a Composite Scheme of Amalgamation and Arrangement (Composite Scheme) that proposes the following key actions: Merger and Demerger: Esteem Properties Private Limited (Esteem), a …
