Aarti Drugs caps strong year with Q4 growth

Aarti Drugs, one of the biggest manufacturers of ingredients for the pharmaceuticals industry in India, reported a strong performance for the fourth quarter and full year 2020-21. All three of the Mumbai-based company’s business divisions — APIs or pharmaceutical ingredients, formulations or medicines, and specialty chemicals — contributed to a strong peformance, resulting in an […]

Jindal Stainless Q4 vol up 15%; sees strong demand

Jindal Stainless, India’s largest producer of stainless steel and part of the OP Jindal group, reported a strong recovery in its operating and financial performance during the fourth and final quarter of the financial year. For the three months ended March, the company’s sales volumes jumped 15% compared to the same period of last year […]

Blue Star says second wave a challenge, moderates project execution

Blue Star, one of India’s largest refrigeration and air conditioning companies, said it is moderating the pace of execution of large contracts to keep it in sync with clients’ ability to pay, and also said the second wave of the COVID-19 pandemic has posed a challenge to the growth trend seen in recent months. Chief […]

M&M SUVs to get European flavor via new UK design center

Mahindra Group said it has set up a automotive design center in the UK to help it come out with “sophisticated, authentic SUVs with an unmissable presence”. The group, home to India’s second-biggest home-growth automaker, said Mahindra Advanced Design Europe will further sharpen its “distinctive product designs and differentiated technology offerings” to further its connected […]

BJP blames state govt for SC verdict on Maratha Reservation

The Maharashtra state unit of BJP has put the blame for the adverse judgment by the Supreme Court in the Maratha Reservation case squarely at the feet of the state government. Earlier today, a Supreme Court bench comprising justices Ashok Bhushan, L Nageswara Rao, S Abdul Nazeer, Hemant Gupta and S Ravindra Bhat today stuck […]

JSW Steel in tie-up with Allegheny Technologies

JSW Steel USA Ohio Inc, a US subsidiary of JSW Steel, has signed a long-term agreement with local steel producer Allegheny Technologies Inc. to convert JSW’s locally produced carbon steel slabs into hot rolled coils. The agreement will help diversify JSW’s steel offerings in the US, while also generating revenue for Allegheny Technologies and improving […]

Natco Pharma seeks compulsory license for COVID-19 drug

Hyderabad-based Natco Pharma said it has decided to seek a compulsory license from the government of India to manufacture Baricitinib tablets to treat COVID-19 patients. Compulsory licensing is an internationally recognized patent provision under which the government of a country can give permission to a company to manufacture a patent-protected product for emergency use if […]

Kerala bypasses Cowin portal to prioritize second vaccine dose

Faced with a supply squeeze for COVID-19 vaccines, the Kerala government has virtually stopped taking new registration COVID-19 vaccinations on the Cowin website, and is reserving most of the stocks for providing the second dose to those who have already taken the first. The state has been forced to more or less abandon the central-government’s […]

GTPL’s Android smart box ready with manufacturer

GTPL Hathway, one of India’s largest cable feed provider and last-mile operator, said its much-delayed Android set-top-box originally scheduled be launched a year ago, is in the final stages of production and expected to reach the company by end of this month. It was in mid last year that the company announced that its Android […]

Hero MotoCorp to introduce battery swapping network

Hero MotoCorp, the world’s largest maker of two-wheeler vehicles, today announced a tie-up with Taiwan-based Gogoro to introduce the latter’s battery swapping technology in India. Hero MotoCorp, one of the biggest makers of electric scooters in India, will bring Gogoro’s battery swapping platform to India. Under the agreement, Hero will get access to Gogoro’s innovations […]

Saregama buys music rights for Sanjay Leela Bhansali’s 3 upcoming films

Saregama, India’s oldest and largest music label, announced that it has has been signed as by prominent film maker Sanjay Leela Bhansali as the music label for three of his forthcoming projects. These include Alia Bhatt starrer Gangubai Kathiawadi – the music rights of which has been acquired from Pen Studios, the next untitled Bhansali […]

ACC says ‘cautiously optimistic’ despite COVID surge

ACC, one of India’s largest cement makers, said it maintains a ‘cautious yet positive’ outlook on the market for the coming months despite the sudden surge of COVID-19 cases in the country. “The Company believes that the Government is taking all possible steps to intensify the vaccination program and control the spread of Covid. With […]

Bharti Airtel restructures: Digital comes in, telecom goes out

Telecom operator Bharti Airtel seems to have borrowed a leaf from rival Reliance Jio in announcing a restructuring of its business that puts its digital business at center stage, while moving the pipe or connectivity business to a separate, wholly owned subsidiary. This is the opposite of how things stand now. At present, the connectivity […]

Dr Reddy’s gets nod to start supplying Sputnik V

Pharmaceuticals manufacturer Dr. Reddy’s Laboratories Ltd said it received permission from India’s drug regulator to import and supply the Sputnik V COVID-19 vaccine in India. Like the other two vaccines approved in India, the nod for Sputnik V is also an ’emergency use authorization’, meaning that it cannot be sold to anyone and everyone, but […]