Glenmark to distribute Novartis drug in Brazil

India’s Glenmark Pharmaceuticals Ltd said it entered into an exclusive marketing agreement with Novartis Biosciences S.A, a subsidiary of Novartis AG, for three products meant for treating chronic obstructive pulmonary disease (COPD) in Brazil. Under the terms of the agreement, Novartis remains the holder of the registration of these medicines and will be responsible to […]

Dr Reddy’s sells two neurology products to Upsher-Smith Laboratories

Hyderabad-headquartered pharmaceutical firm Dr Reddy’s Laboratories said that it will sell two of its branded neurology products to US-based pharmaceutical company Upsher-Smith Laboratories. Dr Reddy’s will sell its US and select territory rights for  Zembrace Symtouch injection and Tosymra nasal spray to Upsher-Smith. Both drugs are sold through Dr Reddy’s wholly-owned subsidiary, Promius Pharma. Zembrace […]

Edelweiss ties up with Bank of Baroda for MSME loans

Edelweiss Financial Services said its unit ECL Finance has signed an agreement with Bank of Baroda to explore co-lending or co-origination of loans to small businesses. The two will offer loans and expertise to MSME (micro, small and medium enterprises), self-employed persons as well as “priority sector groups”. “Under the arrangement, both partners can widen […]

L&T Infotech unit to supply banking software from Temenos

Syncordis SA, a wholly owned subsidiary of technology consulting and digital solutions firm L&T Infotech, said that it has agreed to supply solutions from banking software provider Temenos to its customers. “Through the partnership with Temenos, the company will attain enhanced capabilities to offer a wide range of services across Temenos product portfolio and manage […]

Lupin to sell Aptissen’s products in Canada

Pharmaceutical major Lupin said it signed a distribution agreement with Switzerland-based pharma firm Aptissen S.A. to exclusively sell Aptissen’s products in Canada. Established in 2013, Aptissen develops hyaluronic acid polymer-based injectable medicinal products in aesthetic medicine, ophthalmology, and orthopedics. It has presence in more than 50 countries worldwide. “This partnership helps us expand our product […]

Maruti Suzuki starts Toyota Glanza production; auto sales poor in April

Maruti Suzuki reported for April one of the worst set of auto sales numbers in recent quarters, with total sales falling by a whopping 17.2%. All passenger vehicle categories, except the Utility Vehicle segment that includes Ertiga, showed declines. Utility vehicles reported a year-on-year increase of 5.9% to 22,035 units. The segment also includes the […]

Subex ties up with Telefonica for cybersecurity venture

Telecom Analytics Solutions provider Subex Limited said that it has partnered Spanish multinational telecommunications company Telefonica on a new cybersecurity venture focussed on Internet of Things (IoT) security. IoT security refers to safeguarding connected devices and networks in the Internet of Things (IoT). IoT involves adding internet connectivity to devices and machines and animals to […]

Tata Com in IoT tie-up with China Telecom

Tata Communications has tied up with China Telecom to allow the latter to launch IoT services across the world using the Indian provider’s network. Tata Communications, formerly known as VSNL, is one of the world’s largest Tier I network, which has touchpoints with nearly all other networks in the world. The tie-up will allow China […]

NIIT to provide sourcing, vendor mgt services to Signify

Skills and talent development company NIIT said it will provide sourcing and vendor management services to Netherlands-based lighting company Signify. Signify, formerly known as Philips Lightning, is one of the leading manufacturer of various lightning products. The company employs 32,000 people in 70 countries and sells its products and services in more than 180 countries. […]

Piramal launches generic equivalent of Amgen’s Sensipar tabs in US

Even as US-based Amgen Inc mounts a legal challenge, Piramal Enterprises said its US partner Slate Run Pharmaceuticals has launched the generic equivalent of Amgen’s hyperthyroidism drug Sensipar. Amgen challenged Piramal’s license to manufacture a bio-equivalent version of the drug soon after the Indian company got the regulatory nod in August last year. However, Piramal […]

BEL in deal with Israel’s ELOP to make advanced target-finding system

Public sector company Bharat Electronics Ltd said it will manufacture and export $33 million (Rs 230 cr) worth of optical and infrared imaging systems to Israel’s Elbit Systems Electro-Optics Elop Ltd (ELOP). The systems are being manufactured under license from, and using the technology supplied by, the Israeli company. “With this, BEL is in a […]

Mahindra raises stake in Finnish agri machinery firm Sempo to 49%

Indian auto maker Mahindra & Mahindra said it has agreed to increase its voting rights in Scandinavian farm equipment maker Sempo to 49.04% from 35% by acquiring shares and convertible instruments at a cost of 4.66 mln euros, or around Rs 37.74 cr. Sempo, founded in 1853 in Finland, had revenue of around 52 mln […]

HCL Tech gets strategic partnership deal from Broadcom after CA acquisition

HCL Technologies has been picked as the services partner for Broadcom’s enterprise software products, one of the two primary business units of CA Technologies, a software and solutions company that the chipmaker acquired earlier this year for $19 billion. HCL Tech will also take over some of the former employees of CA Technologies. “Effective immediately, HCL […]

Inox Wind to offer 3 MW onshore wind turbines in India

Inox Wind, one of India’s leading wind energy equipment makers, said it will launch turbines with a capacity of 3 million watts (MW) each, 50% more than the typical, large turbine sold in India. The new turbines, to be launched in technical collaboration with US-based AMSC, will help reduce power generation costs, the company said. […]

Lupin to distribute Eli Lilly’s diabetes drug in India

Pharmaceuticals maker Lupin said it will distribute US-based Eli Lilly and Co’s Aplevant (dulaglutide), a once-weekly injection for type 2 diabetes treatment. Lupin said it expects to make Aplevant available in India this month itself. The two companies already have a partnership dating back to 2011. With this, said Lupin, the partnership has been expanded […]

Voltas’ white goods JV with Turkey’s Arçelik starts India sales

Voltas, the refrigeration company from the Tata Group, announced the launch of the first products from its 50:50 venture with Turkey’s Arçelik. A total of 100 models of home appliances, including refrigerators and washing machines, will be introduced to the Indian market under the Voltas Beko brand over the next three months, it added. The two […]

Reliance Jio and SBI announce new partnerships

Reliance Jio and State Bank of India today announced further deepening of their financial relationship, including deeper penetration of SBI services into Jio’s customer care app MyJio. “MyJio, one of India’s largest over-the-top (OTT) mobile applications will now bring in financial services capabilities of SBI and Jio Payments Bank,” the telecom operator said. In return, […]