JTL Industries Limited is a rapidly expanding steel tube manufacturer specializing in ERW Black Pipes, PreGalvanized and Galvanized Steel Pipes, large diameter tubes and pipes, and hollow structure sections. JTL is pleased to provide a detailed update on its business performance for Q2FY25. Business Sales Volume Update JTL has achieved its highest-ever quarterly sales volume …
Zydus Lifesciences Ltd and the Central Drug Research Institute (CDRI) signed a collaborative research agreement on September 17, 2024, at Zydus Research Centre in Ahmedabad. This partnership is to facilitate the development of oral medications through small-molecule inhibitors of Sclerostin. It will focus on preclinical research, and any resulting drug candidates will be developed by …
On September 26, 2024, media reports mentioned that the Central Drugs Standard Control Organization (CDSCO), East Zone, Kolkata, had identified one batch (GDXD0581) of Shelcal 500, among other drugs from different pharmaceutical companies, as being of non-standard quality (NSQ). To verify the legitimacy of the sample collected by CDSCO, Torrent Pharmaceuticals conducted a comparative analysis …
Adani Green Energy Limited (AGEL) has officially signed a Joint Venture Agreement (JVA) with TotalEnergies Renewables Singapore Pte Limited (TotalEnergies) and Adani Renewable Energy Sixty Four Limited (ARE64L) as of September 26, 2024. This significant partnership was finalised after receiving approval from the majority of the company’s shareholders in an extraordinary general meeting held on …
Indian Oil Corporation Cancels Rights Issue: A Major Move for OMCs Indian Oil Corporation Ltd. (IOC), one of India’s largest oil marketing companies, has decided to withdraw its proposed rights issue worth Rs 22,000 crore. The rights issue, initially approved on July 7, 2023, was contingent on receiving necessary statutory approvals. However, recent developments have …
The Indian Institute of Technology Bombay (IIT Bombay) has teamed up with ABB India to create a modern teaching lab for electrical machines and drives in the Department of Energy Science and Engineering. This collaboration aims to give undergraduate and postgraduate students hands-on experience with advanced industrial equipment, preparing them for careers in the rapidly …
On October 1st, 2024, Greaves Electric Mobility Private Limited (GEMPL), part of Greaves Cotton Limited and a key player in electric two- and three-wheelers, announced a partnership with Shriram Finance, a leading financial services company under the Shriram Group. This partnership aims to make Greaves Electric Mobility’s three-wheelers (Greaves 3Ws) more affordable by providing customised …
On October 01, 2024, Birla Estates Private Limited, a subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced that Birla Trimaya Phase II – The Park has sold nearly 95% of its units within just 24 hours of launching, generating around ₹600 crore in bookings. This follows the impressive performance …
UltraTech Cement, a flagship company of the Aditya Birla Group, involved in the manufacturing and selling of cement and related products here in India, has announced an increase in its shareholding in Continuum MP Windfarm Development Private Limited, a renewable energy company. The cement giant will raise its stake from 3.28% to 5.46% by investing …
Bank of Maharashtra has initiated its Qualified Institutions Placement (QIP) on September 30, 2024, aiming to raise up to Rs.3,500 crore. The public sector lender has set a floor price of Rs.60.37 per share, marginally higher than the previous closing price of Rs.59.83. The bank may also offer a discount of up to 5% on …
