Oil India has successfully commissioned the Cyclic Steam Stimulation (CSS) Technology in the well BGW - 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India.

NMDC has reduced prices of high grade iron ore (lumps) by Rs. 300 to Rs. 3,550 per tonne for the month of December 2018 from Rs 3,850 a tonne in November. The company has also cut the prices for iron ore fines, which are inferior grade ore, by Rs. 200 to Rs. 3,110 per tonne for December from Rs. 3,310 a tonne in November.

The company's board approved the Scheme of Amalgamation of Dolvi Minerals and Metals Private Limited (DMMPL), Dolvi Coke Projects Limited (DCPL), JSW Steel Processing Centres Limited (JSPCL) and JSW Salav with JSW Steel. 

Lupin has received the Establishment Inspection Report (EIR) from the US drug regulator upon completion of inspection of its facility in Tarapur, Maharashtra. The inspection was conducted between August 27 and August 31, 2018 concluded with one observation.

GMR Infrastructure’s step down subsidiary, Kakinada Gateway Port (KGPL) has signed the Concession Agreement with the government of Andhra Pradesh for the development of a greenfield commercial port on Design, Build, Finance, Operate and Transfer (DBFOT) basis in Kona Village, East Godavari District, Andhra Pradesh.

ITC is eyeing at portfolio expansion in its food division to achieve the stated vision of achieving Rs. 1 lakh crore turnover from FMCG by 2030. The food category, which drives the fast-moving consumer durable industry, is expected to contribute around 60-65 per cent of its turnover by 2030.

Non-banking finance company Sundaram Finance which holds a majority stake in Royal Sundaram has signed an agreement with Ageas International to divest 40 per cent stake for a total consideration of Rs. 1,520 crore.

Indian Cements reported its results for the quarter ended September 30, 2018. The company's standalone revenue for the quarter Q2FY19 came in at Rs. 1,387.05 crore as against Rs. 1,268.26 crore in the corresponding quarter last year, registering 9.4 per cent YoY increase.

The PAT for the quarter came in at Rs. 1,962.96 crore as against Rs. 1,309.63 crore in the corresponding quarter last year, yoy increase of 50 per cent.

The facility (KRS Gardens) in Bangalore is the largest facility for the company and has the capability in several dosage formats including tablets, capsules (both hard gelatin and soft gelatin), ointments, creams and liquids. The facility supports several important current and future submissions for the US market.