Given its importance to economic growth, the Indian automobile industry has always been a reliable gauge of the state of the country’s economy. India is a significant vehicle exporter as well, and its exports are expected to rise significantly in the near future. In June 2024, the total production of passenger vehicles, three-wheelers, two-wheelers, and …
On October 2, 2024, Dr Reddy’s Laboratories Ltd announced that it has entered into a royalty-free, non-exclusive licensing agreement with Gilead Sciences Ireland UC. This agreement allows Dr Reddy to manufacture and sell the drug Lenacapavir in India and 120 other countries. Lenacapavir, approved by the USFDA, is used to treat HIV-1 infections in adults …
On October 2, 2024, Zydus Lifesciences Limited (including its subsidiaries/affiliates, collectively called “Zydus”) received tentative approval from the USFDA to produce Enzalutamide Tablets in 40 mg and 80 mg doses (a generic version of Xtandi® Tablets). These tablets are used to treat patients with castration-resistant prostate cancer and metastatic castration-sensitive prostate cancer. The tablets will …
ITC Limited has announced the successful acquisition of Blazeclan Technologies Private Limited (Blazeclan), a leading provider in the cloud services sector, through its wholly-owned subsidiary, ITC Infotech India Limited (I3L). This acquisition, finalised on October 1, 2024, entails the acquisition of 100% of Blazeclan’s share capital, marking a significant step in ITC’s strategic expansion into …
The Adani Group has merged 2 of its subsidiaries with Adani New Industries Ltd, a company focused on green hydrogen and wind turbine manufacturing. According to a stock exchange filing on October 02, 2024, Adani Infrastructure Private Limited and Mundra Solar Technology Limited have been combined into Adani New Industries Limited, which is fully owned …
Dalmia Bharat Limited has announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders Agreement (SSSHA) with Bijlee Kandasamy Private Limited on October 1, 2024. This agreement allows DCBL to acquire a 25.38% stake in Bijlee Kandasamy Private Limited, which consists of 33,00,000 equity shares valued at …
JSW Energy Limited, through its wholly-owned subsidiary JSW Neo Energy Limited, has received a Letter of Intent (LoI) from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The Bhavali Pumped Hydro Project, located in the Nashik and Thane districts, will have …
Jubilant Ingrevia Limited announced that its wholly-owned subsidiary, Jubilant Agro Sciences Limited (JASL), has entered into a strategic agreement with a prominent agrochemical company to manufacture an agro intermediate for one of the key agro-actives of the customer. The customer, a multibillion-dollar company, is a leading global player in the agrochemical industry. This contract manufacturing …
Historically, India has been fully dependent on imports to fulfil its need for semiconductor devices due to the absence of semiconductor fabrication facilities in India. However, the picture has currently changed as India is gearing up in the industry with new facilities and support to players. The Indian semiconductor market was estimated at US$ 26.3 …
India is recognised as one of the strongest military forces globally and is strategically important to its government. The three largest market segments in the Indian defence sector are military fixed-wing aircraft, naval vessels and surface combatants, and missiles and missile defence systems. Other notable segments include submarines, artillery, military rotorcraft, tactical communications, electronic warfare, …
