Life Insurance Corporation of India (LIC), The Indian multinational public sector life insurance company is India’s largest insurance company as well as the largest institutional investor with total assets under management worth Rs.52.52 trillion as of March 2024. It is under the ownership of the Government of India and administrative control of the Ministry of …
Nation Pride Contract with GTRE AZAD Engineering has recently secured a prestigious nation pride contract from the Gas Turbine Research Establishment (GTRE), a pioneering Research and Development Organization under DRDO (Defence Research and Development Organisation) and the Ministry of Defence, Government of India. The contract involves the end-to-end manufacturing, assembly, and integration of a complete …
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
