Ramkrishna Forgings wins Indian Railways order for loco shells

Ramkrishna Forgings, which recently diversified beyond the automobile market to tide over the uncertainties associated with the sector, has won yet another contract from Indian Railways. The company said it won a contract o supply loco shells, the shell or body of locomotive engines or train engines. The value of the contract was not disclosed. […]

Palred launches India’s cheapest Alexa speaker at 1,799

Palred Tech, which sells IT and entertainment accessories under the pTron brand, has launched India’s cheapest Alexa speaker, priced at just Rs 1,799. The speaker comes with Alexa voice commands, and supports streaming music from services such as Amazon Prime Music, Gaana, Hungama Music, Jio Saavn and so on via wifi. pTron Musicbot Cube will […]

Kerala Govt pushes ahead with K-Rail highspeed train, starts land survey

The Pinarayi Vijayan government of Kerala has decided to push ahead with the K-Rail semi-high-speed rail project despite opposition from the Congress-led United Democratic Front and some non-governmental organizations. The Rs 64,000 cr project is one of the most ambitious taken by any Kerala state government in recent years, and aims to reduce the north-south […]

Tata Power gets Rs 538 cr solar order from EESL

Tata Power Solar Systems, a unit of Tata Power, has received a ₹538 cr engineering and construction order for ground-based solar power generation facilities from public sector energy service company EESL. The various power generation equipment will be constructed at different locations in Maharashtra, and will together have a capacity of 100 MW. The order […]

NTPC eyes international expansion with EDF tie-up

NTPC Ltd said its tie-up with EDF or Électricité de France announced by the government yesterday is likely to help it expand globally, while also making Indian power market more efficient and carbon neutral. The deal was announced yesterday by the French Ambassador to India, Emmanuel Lenain. The French are keen to help Indian transition […]

Max Healthcare wins two plots in HUDA auction, to add 1,000 beds

Max Healthcare Institute Ltd, one of India’s largest hostpital chains, said it has been allocated around 11.36 acres of land in the heart of Gurgaon city to set up two hospitals. The two plots, allocated by Haryana Shahri Vikas Pradhikaran, measure 6.11 acres and 5.26 acres. Both plots are in well populated areas of Gurgaon, […]

Vakrangee starts distribution of agricultural products and services

Vakrangee Ltd said it has tied up with BigHaat Agro Private Ltd to provide end-to-end Agri services, digital advisory as agri input products, including seeds and fertilizers. BigHaat is a digital agricultural platform that offers valuable inputs to farmers by using science, data and technology, such as end-to-end crop guidance and market linkages for various […]

Biocon launches cancer medicine in the US

Biopharmaceuticals manufacturer Biocon Ltd launched cancer medication Everolimus tablets in the US. The formulation, a generic version of Afinitor from Novartis, is a prescription medication that is used to treat certain types of cancers and tumours. The tablet has annual sales of around $675 mln in the US, which makes it among the larger drugs […]

Aurionpro selected as Haryana Roadways’ e-ticketing partner

IT services provider Aurionpro said it has won a “strategic order” from Haryana State Transport Department — the biggest operator of bus services in the state — to implement an automatic fare collection system on a revenue share basis. The system will be ‘open loop’, which means that it will not issue its own tokens, […]

Blue Star increases outlay for Sri City plant to Rs 550 cr, eyes Q2 completion

Air conditioning company Blue Star said it began construction work on its Rs 550 cr manufacturing plant in Sri City in Chittoor district of Andhra Pradesh. The plant will likely be included in the production-linked incentive scheme of government of India, under which companies are eligible to get around 5% of their sales as incentives […]

Anupam Rasayan gets Rs 145 cr order from European client

Specialty chemicals maker Anupam Rasayan said it has signed a preliminary, Rs 145 cr supply agreement with an existing European customer “which is one of the top ten multinational company across the globe”. The company did not name the client or the molecule to be supplied, but said the specialty chemical is related to life […]

Zydus Cadila signs deal with Shipa Medicare for ZyCoV-D production

Cadila Healthcare, also known as Zydus Cadila, has taken one more step towards augmenting the production capacity for its DNA-based Covid vaccine known as ZyCoV-D by inking an agreement with Shilpa Medicare. Under the agreement, Shilpa Medicare Ltd will use its biologics manufacturing plant at Dharwad, Karnataka, to manufacture ZyCoV-D. ZyCoV-D is the world’s first […]

SpiceJet restructures cargo business, eyes fund raising

SpiceJet, one of the two companies trying to take over the national airline, has rejigged its holding structure by transferring its cargo business to a wholly owned subsidiary to allow for greater ease of monetization. The airline also said it will also raise Rs 2,500 cr through a qualified institutional placement of SpiceJet shares. The […]

Zydus Cadila gets US-FDA nod for antidepressant drug

Zydus Cadila said it received approval from the US Food & Drug Administration to sell new generation anti-depressant Vortioxetine in the US market. The drug was first approved around seven years ago, and was developed by Denmark-based pharmaceuticals maker Lundbeck in the late 2000s. Around 2007, Japanese pharmaceuticals maker Takeda agreed to pay an upfront […]

SpiceJet signs Boeing 737 MAX deal ahead of approval

SpiceJet said it signed yet another leasing agreement for an unspecified number of Boeing 737 MAX aircraft, which were pulled out of service in early 2019 following accidents and mishaps. The American aviation regulator was the first to re-approve the aircraft for operations in November last year, followed by Canadian and European authorities in January […]

Assocham predicts double digit FY22 GDP growth

Assocham, one of India’s top three industry associations, has predicted double digit GDP growth for India this year, citing encouraging response from its members. The association, which counts hundreds of manufacturing and service sector companies as its members, said the economy is fast returning to normal after the disruption seen in April and May due […]