Caplin Point Laboratories informed the exchanges that it is in receipt of Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) with Zero 483 observations for the unannounced inspection conducted at Caplin Steriles’ injectable and ophthalmic manufacturing facility located at Gummidipoondi, near Chennai, Tamil Nadu.
Coal India Ltd (CIL) and IREL (India) Ltd, a public sector undertaking under the Department of Atomic Energy, GoI, have executed a non-binding Memorandum of Understanding to cooperate and collaborate for development (mining/ extraction/ refining etc.) of mutually agreed assets of critical mineral in general including mineral sands/ REE by acquiring assets /sourcing raw material domestically or internationally.
Persistent Systems has entered into an asset purchase agreement with Soho Dragon Solutions India Private Limited for the acquisition of its identified assets for $5.94 million.The assets being acquired include select employees, contractors and a customer contract. The annual revenue from these assets is estimated to be $4.9 million. Soho is primarily in the business of providing IT services to BFSI customers.
Manappuram Finance said about robbery incident at Sambalpur branch in Odisha, resulting in the loss of gold jewellery and cash from the strongroom. Preliminary estimates suggest that the value of the stolen assets is approximately ₹20 crore. The incident is an isolated event and does not have any bearing on the overall operations or performance of the company.
Reliance Consumer Products Ltd (RCPL), an arm of Mukesh Ambani-owned Reliance Industries, has announced its foray into the re-hydrating beverage category as it looks to become a total beverage and consumer products company. “With the introduction of ‘RasKik’ as a master brand for juices and functional beverage offerings, RCPL is also positioning itself as a total beverage and consumer products company dedicated to creating consumer-focused products that resonate with the everyday needs of the Indian consumer,” the firm said in a statement.
InterGlobe Aviation (IndiGo) has been fined Rs 2.17 crore by the Customs Department for importing aircraft parts without paying the required duty. Customs officials rejected the duty exemption claimed by the company. IndiGo plans to challenge this decision with the appellate authority.
Bharti Airtel has entered into a Share Purchase Agreement with iBus Network and Infrastructure Private Limited for transfer of company’s entire stake (i.e. 50 per cent) in Firefly Networks Ltd (Firefly). The company will receive ₹4.5 crore and the deal is expected to complete within 30 business days. Vodafone Idea has also entered into a similar agreement with iBUS Network.
Adani Petrochemicals Ltd, a wholly owned subsidiary of Adani Enterprises, has completed the incorporation process of a joint venture company – Valor Petrochemicals Ltd (VPL) – on January 4 with Indorama Resources Limited, Thailand. APCL shall hold 50 per cent share capital of VPL.
Titagarh Rail Systems Ltd., the prominent Indian rolling stock manufacturer, has officially handed over its first driverless Made in India trainset to the Bengaluru Metro Rail Corporation’s (BMRCL) Yellow Line. The stainless steel, automated trainset is the first Made-in-India passenger rolling stock set to run on the key 18-km stretch, linking the Electronics City technology and business hub to the rest of the city.
Nesco Ltd has informed the exchanges that it has been declared as highest bidder and the NHAI hasa ccepted its proposal for developing, operating and maintaining of wayside amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) on lease basis. The total cost the company has to incur for development of Wayside Amenities is estimated at about ₹75 crore for each of the 3 sites and the estimated annualised revenue from 3 sites is ₹350 crore from year 4 of operations.
The board of Piramal Pharma has approved the appointment of Sai Ramana Ponugoti as Chief Executive Officer, India Consumer Healthcare (Senior Management Personnel) w.e.f. January 6. Consequent to this appointment, Sarosh Shetty ceases to be Interim CEO of ICH.
Bandhan Bank has announced the resignation of Manoj Kumar Mauni, Chief Technology Officer of the Bank.
Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive bidding for two projects to establish InterState Transmission System under Build, Own Operate and Transfer (BOOT) basis. The projects are augmentation works at under-construction substations in Gujarat and Karnataka.
Source: www.thehindubusinessline.com
