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Zydus Lifesciences Obtains US FDA Approval for Dexamethasone Tablets USP, 1 mg

Zydus Lifesciences Obtains US FDA Approval for Dexamethasone Tablets USP, 1 mg

13 May 2024

On May 11, 2024, Zydus Lifesciences Limited informed the stock exchanges that the company had got final approval from the United States Food and Drug Administration (US FDA) to market Dexamethasone Tablets USP, 1 mg. Dexamethasone is used to treat a range of conditions, including arthritis, allergic reactions, skin diseases, blood/hormone disorders, breathing difficulties, bowel …

Vedanta Doubles Down on Tech Diversification with AvanStrate Acquisition

Vedanta Doubles Down on Tech Diversification with AvanStrate Acquisition

13 May 2024

In a move driven by technological innovation and market expansion, Vedanta Limited, a leading Indian mining company, announced its strategic acquisition of an additional 46.57% stake in AvanStrate Inc. (ASI). This significant step follows approval by Vedanta’s Board of Directors and signifies the company’s commitment to venturing into the high-growth hi-tech manufacturing sector. Strengthening Hi-Tech …

UPL Released FY2024 Results: Focus on Delveraging Balance Sheet in the Future

UPL Released FY2024 Results: Focus on Delveraging Balance Sheet in the Future

13 May 2024

On May 13, 2024, one of the leading chemical manufacturers, UPL Corporation Limited, recently released its results for the fourth quarter and year ended March 31, 2024. During the quarter, the company witnessed margin recovery against the Q3 FY2024. Revenue fell by 15% in Q4FY24, mostly due to reduced post-patent market prices. Volumes were generally …

EKI Energy Services to Acquire Majority Stake in Glofix Advisory Services

EKI Energy Services to Acquire Majority Stake in Glofix Advisory Services

13 May 2024

On May 12, 2024, EKI Energy Services informed the stock exchanges that the company’s Board of Directors approved the acquisition of 49% of equity shares in Glofix Advisory Services Private Limited, a subsidiary company. This acquisition will be in addition to the 51% shares held by the company at present, and subsequently, Glofix Advisory Services …

Biocon Partners with Medix for Weight Management Solution

Biocon Partners with Medix for Weight Management Solution

13 May 2024

On May 13, 2024, Biocon Ltd informed the exchanges that it had signed a semi-exclusive distribution and supply agreement with Medix, a Mexico-based speciality pharmaceutical company. The agreement is to commercialise its vertically integrated drug product, Liraglutide (gSaxenda), used to treat chronic weight management. The company stated that, as per the terms of this agreement, …

Glenmark Pharmaceuticals Signed Dual Agreement For Sustainable Future

Glenmark Pharmaceuticals Signed Dual Agreement For Sustainable Future

13 May 2024

In a significant move towards achieving carbon neutrality by 2030, Glenmark Pharmaceuticals Limited (GPL) announced a strategic investment in renewable energy. Through an exchange filing, GPL detailed its agreements with O2 Renewable Energy XXIV Private Limited (O2 Renewables) and O2 Energy SG PTE Limited. Dual Agreements for a Sustainable Future The collaboration involves two key …

Sula’s RASA Cabernet Sauvignon Secured Gold Medal at Global Masters 2024

Sula’s RASA Cabernet Sauvignon Secured Gold Medal at Global Masters 2024

13 May 2024

Sula Vineyards, the leader in Indian wine production, is celebrating a momentous achievement. The company’s flagship RASA Cabernet Sauvignon 2022 has achieved a prestigious Gold Medal at the highly respected Global Cabernet Sauvignon Masters 2024. This historic win marks the first time an Indian wine has ever received a gold medal in any category at …

Reliance Infrastructure Solidify Manpower Service Portfolio Via UPL Stake Acquisition

Reliance Infrastructure Solidify Manpower Service Portfolio Via UPL Stake Acquisition

13 May 2024

Reliance Infrastructure Limited (RIL), a leading Indian infrastructure company, announced a strategic move to bolster its manpower service offerings. Through its wholly-owned subsidiary, Reliance Velocity Limited (RVL), RIL has entered into an agreement to acquire a significant stake in Utility Powertech Limited (UPL). Expanding Reach in Manpower Services The acquisition signifies RIL’s commitment to expanding …

Wardwizard Innovation Posted YoY Growth of 135% in Dispatch During April 2024

Wardwizard Innovation Posted YoY Growth of 135% in Dispatch During April 2024

13 May 2024

Wardwizard Innovations & Mobility Limited, the company behind the popular “Joy e-bike” and “Joy e-rik” electric two-wheeler brands, is revving up its production lines. In April 2024, they reported a significant surge in electric two-wheeler dispatches, clocking in at 1,071 units. This impressive number marks a whopping 135% increase compared to April 2023, when the …

Upper Circuit Stocks Today – 13 May, 2024

Upper Circuit Stocks Today – 13 May, 2024

13 May 2024

On Thursday, the benchmark indices were trading in the red with the Sensex down around 515 points or 0.71% at 72,148, while the Nifty-50 was down around 145 points or 0.66% at 21,909. About 964 shares have advanced; 2,724 declined and 138 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …

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