Mr. P. V. Ramprasad Reddy, Mr. K. Nityananda Reddy, and a number of other extremely committed professionals founded Aurobindo Pharma in 1986. The company started out in Pondicherry, India, in 1988–1989, operating a single unit that produced semi-synthetic penicillin (SSP). 1992 saw the public launch of Aurobindo Pharma, and in 1995 it began listing its …
Suzlon Energy stock price experienced turbulence on October 3, 2024, following advisory warnings issued by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The exchanges raised concerns over the company’s handling of disclosures related to the resignation of Independent Director, Marc Desaedeleer. On October 1, 2024, Suzlon Energy announced that it had received …
On October 01, 2024, SMS Pharmaceuticals Limited through an exchange filing announced that its Visakhapatnam (Vizianagaram) facility has successfully obtained European Good Manufacturing Practices (EUGMP) certification. Following a rigorous inspection conducted by the European Directorate for the Quality of Medicines & Healthcare (EDQM) from February 28th to March 1st, 2024, the facility’s Ibuprofen dossier was …
Given its importance to economic growth, the Indian automobile industry has always been a reliable gauge of the state of the country’s economy. India is a significant vehicle exporter as well, and its exports are expected to rise significantly in the near future. In June 2024, the total production of passenger vehicles, three-wheelers, two-wheelers, and …
On October 2, 2024, Dr Reddy’s Laboratories Ltd announced that it has entered into a royalty-free, non-exclusive licensing agreement with Gilead Sciences Ireland UC. This agreement allows Dr Reddy to manufacture and sell the drug Lenacapavir in India and 120 other countries. Lenacapavir, approved by the USFDA, is used to treat HIV-1 infections in adults …
On October 2, 2024, Zydus Lifesciences Limited (including its subsidiaries/affiliates, collectively called “Zydus”) received tentative approval from the USFDA to produce Enzalutamide Tablets in 40 mg and 80 mg doses (a generic version of Xtandi® Tablets). These tablets are used to treat patients with castration-resistant prostate cancer and metastatic castration-sensitive prostate cancer. The tablets will …
ITC Limited has announced the successful acquisition of Blazeclan Technologies Private Limited (Blazeclan), a leading provider in the cloud services sector, through its wholly-owned subsidiary, ITC Infotech India Limited (I3L). This acquisition, finalised on October 1, 2024, entails the acquisition of 100% of Blazeclan’s share capital, marking a significant step in ITC’s strategic expansion into …
The Adani Group has merged 2 of its subsidiaries with Adani New Industries Ltd, a company focused on green hydrogen and wind turbine manufacturing. According to a stock exchange filing on October 02, 2024, Adani Infrastructure Private Limited and Mundra Solar Technology Limited have been combined into Adani New Industries Limited, which is fully owned …
Dalmia Bharat Limited has announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders Agreement (SSSHA) with Bijlee Kandasamy Private Limited on October 1, 2024. This agreement allows DCBL to acquire a 25.38% stake in Bijlee Kandasamy Private Limited, which consists of 33,00,000 equity shares valued at …
JSW Energy Limited, through its wholly-owned subsidiary JSW Neo Energy Limited, has received a Letter of Intent (LoI) from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The Bhavali Pumped Hydro Project, located in the Nashik and Thane districts, will have …
