Manoj Kumar Jhawar has resigned as the director and chief financial officer (CFO) of the company. KIOCL said on Thursday. According to a regulatory filing, Being a government company, Jhawar's resignation has been submitted to the Union Ministry of Steel for consideration and further details will be submitted on receipt of communication from the ministry. [...]
On Thursday Welspun Corp Ltd (WCL) said it has bagged a contract to supply 61,000 metric tonnes (MT) of LSAW pipes and bends in the Middle East. WCL said in the statement that the company will supply the longitudinally submerged arc welding (LSAW) pipes and bends from its plant, located at Anjar in Gujarat. "Welspun [...]
On Thursday, Granules India Ltd said it has received approval from the US health regulator for its generic Esomeprazole Magnesium delayed-release capsules indicated for short-term treatment of heartburn and other symptoms associated with gastroesophageal reflux disease. Granules India said in a regulatory filing that the approval by the US Food & Drug Administration (USFDA) is [...]
Blue Jet Healthcare a pharmaceutical ingredient maker fixed a price band of Rs 329-346 per share for its Rs 840 crore Initial Public Offering (IPO) on Thursday. The bidding for the issue, which is entirely an Offer for Sale (OFS) component of 2.42 crore shares by promoters - Akshay Bansarilal Arora and Shiven Akshay Arora [...]
Adani Energy has commissioned the largest inter-regional 765 KV Warora-Kurnool electricity transmission line. The company said on Thursday. According to a statement, The project, spanning 1,756 circuit kilometres (ckm) across Maharashtra, Telangana and Andhra Pradesh, will strengthen the national grid to ensure a seamless power flow of 4,500 MW between western and southern regions. The [...]
On Wednesday Piramal Enterprises Limited said it plans to raise Rs 1,000 crore from the maiden issuance of Non-Convertible Debentures (NCDs) to fund business growth. The tranche I consists of a Rs 200 crore base issue and a green-shoe option of up to Rs 800 crore, for a total of Rs 1,000 crore, which is [...]
Blue Jet Healthcare, a manufacturer of pharmaceutical chemicals, has announced that its initial share sale would be open for public subscription on October 25. The bidding for the Initial Public Offering (IPO), which is entirely an offer for sale (OFS) of 2.42 crore shares by promoters - Akshay Bansarilal Arora and Shiven Akshay Arora - [...]
Rating agency Crisil said on Wednesday India's diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China. It added, in these three geographies account for 75 per cent of India’s polished diamond exports. Rahul Guha, Director [...]
The government on Wednesday again extended restrictions on sugar exports beyond October 31 this year, a step aimed at enhancing the commodity's availability on the domestic market during the festive season. Earlier, the restrictions were imposed until October 31 this year. The directorate general of foreign trade (DGFT) said in a notification that "Restriction on [...]
On Wednesday, Glenmark Pharmaceuticals said it has launched a triple-fixed-dose combination (FDC) drug for the treatment of diabetes. Under the name Zita, the compnay has introduced a combination of Teneligliptin, Dapagliflozin and Metformin. It is indicated to improve glycemic control in patients with Type 2 diabetes. The company stated that Priced at Rs 14 per [...]
