On June 24, 2024, Biocon Ltd informed in a stock exchange filing that the company’s subsidiary, Biocon Biologics Ltd (BBL), has obtained approval from the European Medicines Agency (EMA) to commence manufacturing biosimilar Bevacizumab at its newly established monoclonal antibodies (mAbs) drug substance facility in Bengaluru. This approval marks a significant milestone, enhancing BBL’s capacity …
On June 23, 2024, Genesys International, a leading mapping company, launched India’s first AI-powered navigation map for cars and other vehicles. This new solution is a significant step forward for the Indian auto industry, ushering in a new age of personalised and smart driving experiences. Genesys’s new map covers India’s largest drivable road network, 8.3 …
On June 24, 2024, Larsen & Toubro Limited (L&T) informed in a stock exchange filing that the company’s Power Transmission & Distribution (PT&D) vertical has secured a domestic order to build a grid-connected 185 MW Solar PV Plant along with a Battery Energy Storage System (BESS) with a multitude of MWh capacity. The Solar PV …
Indian headline indices started today’s trading session on a positive note, with the banking, financial services, and capital goods sectors observing robust gains. In contrast, the real estate, information technology, and power sectors were notable losers. Additionally, the broader indices outperformed the main indices by a considerable margin. At 10:10 am, the BSE Sensex gained …
Tide Water Oil Co. (India) Ltd. announced a development that could indicate growing investor confidence. Standard Greases & Specialities Private Limited, a joint promoter of the company, has applied for and received pre-dealing approval to acquire an additional 3,51,000 equity shares. This move signifies the promoter’s continued commitment and potential bullish sentiment on the company’s …
The GST Council has referred the request to reduce GST on fertilizers to a group of ministries for further evaluation. This move has led to a decline in fertilizer stocks in the Indian market, affecting companies such as GNSC, FACT, and Chambal Fertilizers. Investors are reacting to the uncertainty surrounding potential tax changes in the …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 155 points or 0.20% at 77,502, while the Nifty-50 was up around 37 points or 0.16% at 23,574. About 2,191 shares have advanced; 1,028 declined and 98 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Sobha Limited, in collaboration with Karma Lakelands, has come up with Sobha Aranya, an eco-luxe residential project in Gurugram’s Sector 80. The launch is important given the current dynamics of the Indian real estate market, where Delhi NCR stands out as a focal point of expansion. Buyer Preferences & Growth Delhi NCR is celebrated for …
According to the India Brand Equity Foundation (IBEF), the Indian Pharmaceutical Industry is projected to grow to US$130 billion by 2030 and US$450 billion by 2047. This sector comprises approximately 3,000 drug companies and around 10,500 manufacturing units. The pharma industry benefits from stable demand for healthcare and medications, providing resilience against market fluctuations. Factors …
Kalpataru Projects International Limited (KPIL) is one of the largest Engineering and Construction companies listed in India, with a diversified portfolio of projects worldwide, in Power Transmission & Distribution (T&D), Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports in over 70 countries. …
