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The Center has approved insurance giant LIC to revise the wages of its employees from August 1, 2022. Salary was revised upward by 17%.
The US has widened its investigation into Adani Group to focus on the conduct of founder Gautam Adani and whether the company may have been involved in bribery, Bloomberg News reported on Friday. The report cited people with direct knowledge of the matter as saying that prosecutors believe that Adani entities or people associated with the company, including Gautam Adani, made payments to Indian officials in return for preferential treatment on energy projects. He said he was investigating whether he had done so.
Jindal Stainless on Sunday announced that it has supplied 75 tonnes of high-grade steel to the Esplanade-Howrah Maidan section of the Kolkata Metro, which passes under the Hooghly River in West Bengal. The underwater metro project was inaugurated by Prime Minister Narendra Modi earlier this month.
KSB has received a letter of award under PM-Kusum III scheme under component B of Rs 6,322 crore for 2,500 solar water pumping systems from the Maharashtra Energy Development Authority. Sales/supply of products/services for these orders is expected to begin in Q2 2024.
Crompton Greaves Consumer Electricals has patented its invention, the Linear Node Tubular Lighting System. This patent was officially granted for a period of 20 years from August 14, 2020.
Zydus Lifesciences announced that it has received final approval from the U.S. Food and Drug Administration to market its USP 5 mg/5 mg strength finasteride and tadalafil capsules. Zydus is the first approved applicant for finasteride and tadalafil capsules and is therefore eligible for his 180-day CGT exclusivity. Finasteride and tadalafil are used to treat benign prostatic hyperplasia.
Aditya Birla Fashion and Retail has received a letter of ‘no objection’ from BSE and National Stock Exchange of India for its proposed merger plan with TCNS Clothing Company. The effectiveness of this system is subject to approval by the National Company Law Tribunal.
Lupine said the US Food and Drug Administration (US FDA) inspected the Aurangabad facility from March 6 to March 15 and the agency issued Form 483 with one finding. The company is confident in addressing the concerns raised by the U.S. Food and Drug Administration and intends to resolve the same as soon as possible.
Ircon International has received a certificate of merit from the National Highways Infrastructure Development Corporation for the construction of the 2.5 km long twin-tube unidirectional Aizawl Bypass Tunnel and its 2.1 km approach on the Sairan-Paiouk section of National Highway No. 6. In Mizoram, he was in EPC mode and the estimated bid price was Rs 630.66 crore.
SJVN Green Energy, a subsidiary of SJVN, has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam for a 200 MW solar power project in GUVNL Phase XXIII. The preliminary construction and development cost of the project is Rs 1,100 crore.
JSW Neo Energy, a subsidiary of JSW Energy, has been awarded a Letter of Award (LoA) for an additional 500 MW of wind power capacity under the Greenshoe Option for the SECI Wind Energy Project (Tranche XVI). Following this, the cumulative capacity allocated to JSW Neo under SECI Tranche XVI is 1,000 MW.
RailTel Corporation of India has received a work order from the Greater Mumbai Municipal Corporation for the supply, installation, testing, commissioning, operation and maintenance of HMIS (Health Management Information System) for the BMC Health Department. The total amount amounts to Rs 351.95 million. Moreover, the PSU major has also received work orders worth Rs 130.6 million from the state project director of Bihar State Educational Projects Council. The work order includes the appointment of an agency to supply teaching materials and learning materials for classes I to V on a fee agreement basis.
KPI Green Energy has emerged as the successful bidder in the Maharashtra state power generation joint tender for the development of a 100 MWAC solar power project. The company also received a letter of intent regarding this order.
CuraTeQ Biologics, a wholly owned subsidiary of Aurobindo Pharmaceuticals, announced that its omalizumab biosimilar candidate BP11 met the endpoints of a Phase 1 study compared to the EU- and US-supplied reference product Xolair. The PK/PD study was conducted in 165 healthy volunteers from Australia and New Zealand.
Sandhar Technologies has been granted a 20-year patent by the Patent Office for its invention titled “Control Actuation System and Method for Electronic Steering Wheel Lock for Vehicles” with effect from September 5, 2022.
Coforge’s board has approved a funding of Rs 3,200 crore. The company said it will raise these funds through a qualified institutional offering (QIP), or issuance of shares to qualified institutional shareholders.
Dr Lal PathLabs Ltd has appointed Shankha Banerjee as its new Chief Executive Officer (CEO) and Key Management Personnel (KMP) with effect from May 21. Since joining Dr Lal PathLabs in July 2014 as Regional Chief Operating Officer, Banerjee has held the following roles: He will serve as Chief Growth Officer and Chief Operating Officer. He currently serves as the CEO of an affiliated company/group company.
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