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Penicillin-G (Pen-G) facility, located in a SEZ at Kakinada in Andhra Pradesh, has a production capacity of 15,000 tonne per annum and also 1.8 lakh tonne of gulcose, while 6-Amino Penicillanic Acid plant has a capacity to produce 3,600 tonne annually, the drug maker said in a press release. from Moneycontrol Business News https://ift.tt/IKZFES2

The company despatched 34.15 MMT coal, while coal production stood at 34.38 MMT with a growth of nearly 50 per cent by the end of March 31, 2024, the company said in a statement. from Moneycontrol Business News https://ift.tt/zD2YITU

The acquisition will enable BAL to leverage SFCL#39;s proficiency in developing cost-effective and distinctive manufacturing routes for off-patent molecules, it said. from Moneycontrol Business News https://ift.tt/sbVMdP8

In a statement on Thursday, the airline said it has been granted traffic rights for three other international destinations -- Kuwait, Jeddah, and Riyadh. from Moneycontrol Business News https://ift.tt/nvNPKlr

Canara Robeco Asset Management Company will be the fifth listed mutual fund house if it gets listed on the bourses. from Moneycontrol Business News https://ift.tt/7SqmBnT

In FY24, the company had another year of accelerated portfolio expansion with 52 signings and 34 openings and achieved a portfolio of over 300 hotels, ahead of its market guidance under Ahvaan 2025, Indian Hotels Company Ltd (IHCL) said in a statement. from Moneycontrol Business News https://ift.tt/Sb13MPu

The new orders include orders in the Transmission Distribution (TD) business in overseas markets, the statement said. from Moneycontrol Business News https://ift.tt/UKlpIjW

Deposits to dictate loan growth, going forward from Moneycontrol Business News https://www.moneycontrol.com/news/business/karur-vysya-bank-—-is-more-steam-leftthe-rally_17508471.html

Reliance Power Ltd#39;s two subsidiaries -- Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and discharge agreement with Reliance Commercial Finance Ltd (RCFL), a wholly-owned subsidiary of Authum Investment Infrastructure Limited, a regulatory filing said. from Moneycontrol Business News https://ift.tt/ISREuHc

The company has received a communication/demand order for interest and penalty from the Additional Commissioner, Central GST Central Excise Jamshedpur, LIC said in a regulatory filing. from Moneycontrol Business News https://ift.tt/Q7nJaU0

With decent progress on order inflows, the company’s revenue trajectory is set to look up from Moneycontrol Business News https://www.moneycontrol.com/news/business/zensar–-why-it-deserves-long-term-attention-now_17505971.html

In June last year, Reuters reported that NMDC#39;s unit Legacy Iron Ore had signed a lithium exploration pact with Australia#39;s Hancock Prospecting Pty Ltd. from Moneycontrol Business News https://ift.tt/MJdSeWx

The Indian government is the largest minority shareholder in Hindustan Zinc, owning a 29.54% stake, but was not consulted by the company when it decided to split the firm to create separate entities for its zinc, lead, silver and recycling business, the government source said requesting anonymity. from Moneycontrol Business News https://ift.tt/shNbYyz

Higher FII inflow, along with a better demand outlook for IT services, may set the stage for brighter days for the sector in the second half of FY25 from Moneycontrol Business News https://www.moneycontrol.com/news/business/accenture-disappoints-–-what’sstore-forindian-it-players_17504491.html

Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January to March period in 2010, data compiled by Bloomberg show. from Moneycontrol Business News https://ift.tt/mPrYG0t

The group has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the report said from Moneycontrol Business News https://ift.tt/EI9h4aG

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not be identified because the details are private. from Moneycontrol Business News https://ift.tt/pTsIB73

In the trust backed by the Indian government for developing national highways, the Canada Pension Plan Investment Board and the Ontario Teachers#39; Pension Plan Board invested C$297 million and C$298 million, respectively, the funds said in separate statements on Tuesday and Wednesday. from Moneycontrol Business News https://ift.tt/NrZKMYX

The deal, announced in June last year, was part of mandated regulatory requirements before the completion of mortgage lender Housing Development Finance Corp#39;s merger with HDFC Bank. from Moneycontrol Business News https://ift.tt/r7VvX9i

NaBFID, as the institution is called, is likely to sell bonds with tenors spanning from 10 to 20 years in the financial year starting April 1, the people said, asking not be identified because the details are private. from Moneycontrol Business News https://ift.tt/UFXbgPC

The consortium, which includes budget carrier SpiceJet#39;s managing director Ajay Singh and Busy Bee Airways, increased the bid amount between 1 billion rupees ($12.06 million) and 1.5 billion rupees, one of the sources said. The original bid amount stood at 16 billion rupees. from Moneycontrol Business News https://ift.tt/kEo3zVn

Bengaluru-based Minus Zero is an autonomous driving technology startup and this partnership aims to revolutionise commercial trucking through autonomous solutions at scale. from Moneycontrol Business News https://ift.tt/OeF7Ca2

The approval is for Winlevi (clascoterone cream 1 per cent), which is indicated for the topical treatment of acne vulgaris in patients 12 years of age and older, the company said in a statement. from Moneycontrol Business News https://ift.tt/xqR1cLa

Its total volume of exports to Ukraine stands at USD 2.20 million. By strengthening its product portfolio in Ukraine, the company aims to increase this figure by 20 per cent in the next one year, a company statement said. from Moneycontrol Business News https://ift.tt/Zl8zKne

A note from unit Adani Ports Special Economic Zone Ltd. due in 2041 slid 2.4 cents, the most since August, to 79.1 cents. Another bond from subsidiary Adani Renewable Energy RJ Ltd. due 2039 fell 2.3 cents to 83 cents, the worst drop since February 2023. from Moneycontrol Business News https://ift.tt/kE4OB7w

In many ways, the Adani Group-helmed $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its Prime Minister Narendra Modi seeks to outrun China. from Moneycontrol Business News https://www.moneycontrol.com/news/business/adani’s-next-big-test-is362-billion-airport-for-crowded-mumbai_17496641.html

This is the second investment by Ferrovial in the IRB group. In 2021, it acquired a 24.86 percent stake in the listed flagship of the group — IRB Infrastructure Developers from Moneycontrol Business News https://ift.tt/i9yweNx

Jet Airways has gained 11 percent over the past five trading sessions on the news of the resolution plan being approved from Moneycontrol Business News https://ift.tt/yaFWUAx

ore than 80 percent of stocks in the BSE Small-cap index have recorded negative returns since February 19 when the index started falling from Moneycontrol Business News https://ift.tt/YvObc3G

Abhinav Bharti is leaving after working for more than 13 years with JPMorgan, according to his LinkedIn profile. from Moneycontrol Business News https://www.moneycontrol.com/news/business/jpmorgan’s-india-ecm-head-abhinav-bharti-is-said-to-leave-bank_17495051.html

AMFI advisory to its members to moderate inflows into small cap and midcap schemes, RBI#39;s crackdown on NBFCs and ED raids on entities linked to Hari Shankar Tibrewala have all come together to build a perfect storm from Moneycontrol Business News https://ift.tt/pyG9ZQi

March is the traditional low season for the global logistics industry and also the time when ship operators, importers and freight forwarders sit down to discuss long-term contracts. With multiple international crises including wars and economic uncertainty, companies are having a tough time deciding how much long-term capacity and revenue targets to lock in from Moneycontrol Business News https://ift.tt/ZKgCXet

Valuation turning attractive for a decent RoA from Moneycontrol Business News https://www.moneycontrol.com/news/business/fedbank-financial-–-whytime-has-come-to-look-at-this-stock_17494421.html

The total passenger vehicle dispatches to dealers last month stood at 3,70,786 units, as compared to 3,34,790 units in the year-ago period. from Moneycontrol Business News https://ift.tt/x6VXrTE

"In 2021, we sold 3,196 (units of ) N Line. In 2022, we sold 7,560 N Line and in 2023, we sold 9,718 N Line...overall 22,000 N Line....the numbers are increasing. At the same time, frankly, I don#39;t think volume is an objective in N Line. We understand it#39;s a niche market," Garg said in an interaction. from Moneycontrol Business News https://ift.tt/qWTb6so

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said. from Moneycontrol Business News https://ift.tt/olO4itW

Valuation looks attractive in the context of high RoA from Moneycontrol Business News https://ift.tt/DnKmqoL

Valuation looks attractive in the context of high RoA from Moneycontrol Business News https://ift.tt/cIREjwC

The firm#39;s refinery at Paradip in Odisha will in three months produce the petrol used in F1 car racing, its chairman Shrikant Madhav Vaidya said. from Moneycontrol Business News https://ift.tt/H1TQhoY

The company said it has an order book of around Rs 65,000 crore, which roughly constitutes 50 percent from railway projects from Moneycontrol Business News https://ift.tt/SkOwGFj

Maheshwar Nataraj has been leading the firm’s sourcing and managing private credit investment in India, which poses “exciting opportunities,” according to a company spokesperson’s statement. from Moneycontrol Business News https://ift.tt/LDt0CFI

Because of the predominance of microfinance, asset quality has worsened from Moneycontrol Business News https://www.moneycontrol.com/news/business/esaf-small-finance-bank-–-is-itopportunity-asstock-price-is-back-toipo-level_17489591.html

As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the client#39;s site at the Dwarka district in Gujarat, a company statement said. from Moneycontrol Business News https://ift.tt/rdkKlIH

Investor caution, driven by lengthy RD cycles and monetisation processes, binary outcomes, and a lack of technical expertise, is undergoing transformation, said Bain. Twelve of the top 20 global Pharma firms have set up Global Capability Centres in India from Moneycontrol Business News https://ift.tt/exmyqLK

The New York-based media company has been in advanced talks to sell its minority stake in Viacom18 Media Pvt. to Reliance, said the people, who asked to not to be identified as the information is private. from Moneycontrol Business News https://www.moneycontrol.com/news/business/paramounttalks-to-sell-india-tv-stake-to-mukesh-ambani’s-reliance-bloomberg_17488701.html

The group’s renewable energy unit Adani Green Energy Ltd. and associated firms plan to raise funds to refinance existing loans, one of the people said, asking not to be identified because the details are private. from Moneycontrol Business News https://ift.tt/WOtGc3R

The collaboration will also propel further innovation through the establishment of the #39;NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research Development#39;. from Moneycontrol Business News https://ift.tt/6aenFs1

Amid instances of corporate misdoings and auditing lapses, regulators are taking various measures to strengthen the framework for financial reporting. from Moneycontrol Business News https://ift.tt/7G6ldas

Manjesh Verma, BlackRock Head of APAC Credit and Fixed Income Research, at an investment forum in Jakarta said the two emerging market countries were advantageous due to their large populations. from Moneycontrol Business News https://ift.tt/O3WvcUR

Tata Motors#39; decision to demerge its passenger vehicle and commercial vehicle businesses is expected to create better value for the company and investors, analysts have said from Moneycontrol Business News https://ift.tt/rjxpRyV