On September 27, 2024, Alembic Pharmaceuticals announced that it had been given final approval from the US Food & Drug Administration (USFDA) for its Paliperidone Extended-Release Tablets in strengths of 1.5 mg, 3 mg, 6 mg, and 9 mg. This approval is for a generic version of Invega Extended-Release Tablets developed by Janssen Pharmaceuticals. Paliperidone …
Indian Renewable Energy Development Agency (IREDA) Ltd, a leading player in the renewable energy sector, has announced a significant surge in its business performance for the April-September 2024 period of the current financial year (FY25). The company’s strategic initiatives and strong market presence have propelled its growth to unprecedented levels. IREDA’s loan sanctions witnessed a …
Public Sector Undertakings (PSUs) are an integral part of the Indian economy, representing government ownership in various industries ranging from oil and gas to banking and telecommunications. For investors looking to diversify their portfolios, PSU stocks can offer unique opportunities and benefits. In this article, we will explore the best PSU stocks in India in …
Northern Arc Capital Limited has concluded its Initial Public Offering (IPO) and made its debut on the stock exchanges on September 24, 2024. The IPO raised a total of ₹777 crore, comprising ₹277 crore from an offer for sale and ₹500 crore from fresh equity capital. Earlier in April 2024, the company had already raised …
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 …
