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 […]

TVS Motor Co announces expansion plans for South Africa

Chennai-based TVS Motor Company said it has signed a distribution partnership with ETG Logistics, part of a prominent South African business group present in over 70 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East. ETGL will operate 30 dealerships for TVS Motor Company in South Africa as part […]

Lupin gets license to manufacture new TB drug

Indian pharmaceuticals manufacturer Lupin Ltd said it received a non-exclusive license to manufacture the anti-TB drug pretomanid from non-profit drug developer, TB Alliance. The company said it plans to sell the drug in 140 countries and territories, including many of the highest TB burden countries around the world. Pretomanid will be administered as part of […]

Facebook to help India’s Sterlite Tech build 5G solution

Facebook, the social networking giant, will help Sterlite Technologies Ltd — one of the oldest private sector cable manufacturers in India — to create specialized 5G radio units. Facebook will help Sterlite Technologies create two products — a 5G radio unit designed for dense deployments, and another, dual-tech 4G+5G radio unit. These are more complicated […]

Tata Steel Mining & JSL to jointly mine chromite in Odisha

Tata Steel Mining Limited said it signed an agreement with Jindal Stainless to jointly mine the chrome ore lying beneath the boundary between the companies’ mines in Sukinda in Odisha’s Jajpur district. Chromium is used to make shiny metallic items, such as stainless steel vessels and chrome-plated auto parts. The companies said the chromite — […]

AstraZeneca annuls diabetes drug deal with Abbott Healthcare

AstraZeneca India, which entered into a licensing deal with Sun Pharma for a key diabetes drug, said that it had terminated a distribution agreement for the same drug with Abbott Healthcare. The drug, dapagliflozin, was being supplied to Abbott Healthcare by the Indian unit of the British-Swedish company under a distribution agreement, which has now […]

AstraZeneca rejigs diabetes drug deal with Sun Pharma

AstraZeneca Pharma India, the local unit of the global pharmaceuticals giant, said it has decided to end its marketing agreement with Indian pharmaceutical giant Sun Pharma for two diabetes medications after the Indian company acquired a license to manufacture the same locally. In a separate statement, Sun Pharma said it has acquired the patent license […]

COVID-19: Eli Lilly lets Torrent Pharma manufacture Bartinicib

A week after Natco Pharma sought a compulsory license from government of India to manufacture COVID treatment drug Baricitinib, the US firm holding the rights to the drug — Eli Lilly — seems to have agreed to let several companies to manufacture and sell the drug. Baricitinib is used for treating joint inflammation in rheumatoid […]

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 […]

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‚Äôs battery swapping platform to India. Under the agreement, Hero will get access to Gogoro’s innovations […]

Cochin Shipyard to partner global shipbuilding giant Fincantieri

Cochin Shipyard Limited, India’s largest shipbuilder, has signed a partnership agreement with Fincantieri, one of the world’s largest shipbuilders. Besides ship-building, the two will co-operate in the areas of ship design, repair, marine equipment manufacturing and training & skill development, the Kochi-based company said today. Italy-based Fincantieri has over 230 years of history and more […]

Hero to develop Harley Davidson bikes for India

Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]

Bajaj takes aim at Royal Enfield, Jawa with Triumph tie-up

Bajaj Auto has just announced its grand entry into the retro-motorcycle market with a new partnership with 118-year-old British brand Triumph. The two companies will jointly develop and market retro-look motorcycles in the Indian market at prices less than Rs 2 lakh — the bread and butter segment for Royal Enfield and Jawa. Until about […]

Infosys certified as Managed Service Provider by Google Cloud

Infosys said it has qualified as a ‘managed service provider’ for Google’s cloud computing products. Google gives the title of managed service provider or MSP to those companies who “have shown deep cloud expertise”. “From deep daily engagement across Google Cloud business and technical teams to quarterly business reviews, these partners will have the tools […]

GTPL targets higher share of cable fees, no brand merger with Jio

Gujarat-based cable feed provider and broadband operator GTPL Hathway said it will try to retain a higher share of what consumers pay every month, and is not currently looking to bring its broadband business under the Reliance Jio brand. In its cable feed business, GTPL retains only about Rs 30 out of the Rs 130 […]

Sun Pharma licenses two products to China Medical System

Sun Pharmaceutical Industries today announced that it had licensed two of its products — for psoriasis and for dry eye — to China Medical System Holdings Ltd or CMS. CMS will pay Sun Pharma an initial upfront payment, regulatory and sales milestone payments, and royalties on net sales, the Indian pharma company said. The financial […]

Ducon Infratech in tie-up with Shapoorji Pallonji group’s Sterling & Wilson

Ducon Infratechnologies Ltd, which provides technology solutions in the industrial, infrastructure & digital, said that it has entered into strategic tie-up with Sterling & Wilson Private Limited, a flagship group company of Shapoorji Pallonji group, to jointly bid for large size flue gas desurlpherization tenders. “The joint bidding exercise has significantly expanded our financing capabilities […]

PVR in distribution tie-up with Kumar Mangat’s Panorama Studios

PVR Pictures, the production and distribution arm of India’s largest film exhibition company, said it has signed an agreement Kumar Mangat Pathak and Abhishek Pathak’s Panorama Studios to distribute films across India. Panorama Studios has produced hits like Omkara, Special 26, Drishyam, Singham, Raid and Pyaar Ka Punchnama, since it was founded in 2005. PVR […]