Month: March 2023

[ad_1] The industry is expecting the government to invite bids for power transmission infrastructure projects worth ₹1.50 lakh crore in the next 18 months, Sterlite Power Transmission said on Thursday. In December, the government had unveiled a plan with investment opportunities of about ₹2.44 lakh crore for building a transmission system for evacuating 500 gigawatts […]

[ad_1] The Board of Hero MotoCorp has appointed Niranjan Gupta as the new chief executive officer (CEO) of the company, effective from May 1, 2023, elevating him from his current position as the chief financial officer (CFO), Head – Strategy and M&A. Pawan Munjal will continue as executive chairman and whole-time director on the Board, the manufacturer of […]

[ad_1] Wiggles, a pet-care company, has announced the acquisition of Capt Zack in a 100% cash and equity deal. The transaction value has not been disclosed. Founded in 2016, Capt Zack is one of India’s earlier D2C entrants in the petcare category. Anushka Iyer, founder and CEO, Wiggles, said, “as a brand, the values that […]

[ad_1] Ftcash, a non-banking financial company, has announced plans to increase its Asset Under Management (AUM) to ₹1,000 crore by March 2024 from the current AUM of ₹360 crore, a top executive said. Stating that most of the growth will come from business expansion, primarily in the southern and western markets, Vaibhav Lodha, cofounder, ftcash said, […]

[ad_1] GE Aerospace’s GEnx aircraft engines powered the industry’s first wide-body aircraft on a long-haul route using Sustainable Aviation Fuel (SAF) to India on Thursday, said GE Aerospace. Vistara, a full-service carrier and a joint venture between Tata Sons and Singapore Airlines, operated the Boeing 787-9 Dreamliner ferry flight from Charleston, South Carolina, in the […]

[ad_1]   The Finance Ministry, which last month pared the government’s disinvestment target for 2023-24 to a nine-year low of ₹51,000 crore, has now publicly acknowledged the numerous challenges it is facing in its efforts to privatise public sector enterprises (PSEs) and raise funds through minority stake sales, a drive that has slowed sharply since […]

[ad_1] Generic drugmaker Lupin’s Pithampur Unit-2 manufacturing facility has been issued a Form-483 with 10 observations by the U.S. Food and Drug Administration on completion of an inspection. The U.S. FDA had inspected facility, in Madhya Pradesh, from March 21-29. The inspection closed with issuance of a Form-483 with 10 observations. “We are addressing the […]

[ad_1] Alembic Pharmaceuticals has received final approval from the U.S. Food and Drug Administration (U.S. FDA) for its abbreviated new drug application for Brimonidine Tartrate Ophthalmic Solution, 0.15%. The approved ANDA is therapeutically equivalent to the reference listed drug product, Alphagan P Ophthalmic Solution, 0.15%, of AbbVie Inc. An alpha adrenergic receptor agonist, the drug […]

[ad_1] Alphabet’s Google Cloud has accused Microsoft of anti-competitive cloud computing practices and criticised imminent deals with several European cloud vendors, saying these do not solve broader concerns about its licensing terms. In Google Cloud’s first public comments on Microsoft and its European deals its Vice President Amit Zavery told Reuters the company has raised […]

[ad_1] Union Commerce & Industry Minister Piyush Goyal on Thursday urged G20 member countries to find common solutions to address gaps in the global trading system. He was speaking at the closing of the three-day 1st G20 Trade and Investment Working Group (TIWG) meeting which was held in Mumbai. “TIWG has an important role in formulating […]