Biocon Ltd has successfully priced the debut issuance of senior secured Notes worth USD 800 million (~₹66,763 million) for its subsidiary, Biocon Biologics. These bonds, which have a coupon rate of 6.67%, will mature in 2029 and are expected to be listed on the Singapore Stock Exchange. The transaction, scheduled for settlement on October 9, …
The Competition Commission of India (CCI) has recently greenlit the acquisition of Bharat Serums and Vaccines Limited (BSV) by Mankind Pharma Ltd. This strategic merger aims to consolidate the pharmaceutical landscape in India, particularly in the areas of women’s health, critical care, and emergency medicine. The proposed transaction is expected to create a larger and …
One of India’s top highway developers, Ashoka Buildcon Limited, is a Fortune India 500 company. The business is a combined BOT, HAM, and EPC player. Since our modest beginnings in 1976, we have worked hard to maintain quality, safety, consistency, and environmental consciousness in all of our assignments, which has allowed us to grow to …
J. Kumar Infraprojects Secures New Order: A Major Boost to Their Growing Order Book Kumar Infraprojects Limited has recently added another feather to its cap with the securing of a significant new project—a contract worth Rs. 1,847.72 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The project involves the design and construction of an …
Transformers and Rectifiers Bags Major Rs 565 Crore Order Transformers and Rectifiers (India) Limited (TARIL) announced today that it has secured a significant order worth Rs 565 crore from Power Grid Corporation of India Limited. This contract involves the manufacturing of transformers and reactors with specifications ranging from 80 MVAr to 500 MVA and voltage …
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 …
