Praj Industries and Automotive Research Association of India (ARAI) have signed a memorandum of understanding (MoU) to jointly drive application development of advanced biofuels that will find usage in industry and transportation.

IRB Infrastructure Developers Limited has bagged a project of construction of eight lanes of Vadodara-Mumbai Expressway in Gujarat, on Gandeva-Ena stretch, having a length of 27.500 kms, with a project cost of Rs 1,755 crore.

Vardhman Textiles Limited, which is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow, and garments, has come out with its production and sales numbers for the quarter ending June 30, 2020.

Indian Oil Corporation Limited (IOCL) has formed a 50:50 joint venture (JV) company with French multinational integrated oil & gas company- Total SA, to manufacture and market high-quality bitumen derivatives and speciality products for the growing road infrastructure industry in India.

PNC Infratech Limited has surged 8.9 per cent after receiving letters of acceptance (LOA) from National Highways Authority of India (NHAI) for two EPC projects for which, it had submitted bids on January 11, 2020. Both these projects are worth Rs 1,547.80 crore.

Dilip Buildcon Limited informed the bourses on Thursday that its joint venture with Hindustan Construction Company (DBL-HCC) has received a letter of acceptance (LOA) from Narmada Water Resources, Water Supply and Kalpasar Department (Water Resources) for an engineering, procurement and construction (EPC) project in the state of Gujarat.

CG Power & Industrial Solutions Limited informed the bourses that the divestment process of its subsidiary, CG Service Systems France SAS (SEFR) has been completed on July 20, 2020, and with this, SEFR ceased to be a step-down subsidiary of the company.

Omaxe Limited has entered into an agreement with Jindal Steel and Power Limited (JSPL) for a project undertaken by the company for developing a multi-level parking-cum-commercial project at Chandni Chowk (Old Delhi) under PPP model with North Delhi Municipal Corporation (NDMC).

Byke Hospitality has also faced the brunt of the pandemic on its business operations. As it was not part of government denominated essential services, most of the hotels of the company were shut down entirely during the lockdown.

Arvind Fashions Limited’s rights issue offer for Rs 399.79 crore is closing on Friday i.e. July 17, 2020, which opened on June 29, 2020.

L&T Technology Services Limited (LTTS) is set to acquire Orchestra Technology, Inc. which is a specialist technology partner for the wireless and mobile eco-systems, headquartered in Dallas (Texas).

Department of Telecommunications (DoT), Ministry of Communications and Government of India has withdrawn provisional demand notices issued on GAIL Limited and Power Grid Corporation of India Limited. The dues were related to adjusted gross revenue (AGR) imposed over the telecom revenues earned by these companies.

Zydus Cadila has commenced the adaptive phase I/II human clinical trials of its plasmid DNA vaccine, ZyCoV-D with the first human dosing. The safety, tolerability and immunogenicity of the vaccine will be assessed later on.

Vaishali Pharma Limited has launched Vipravita C (Vitamin C supplements) for domestic as well as international market to boost immunity against various prevailing diseases. These supplements are available in different variants like Vitamin C chewable tablets, Vitamin C effervescent tablets and Vitamin C with zinc combo.

GE Power India Limited has bagged a contract worth Rs 291.9 crore from Megha Engineering & Infrastructures Limited (MEIL).

Arvind Fashions Limited announced on Thursday that Flipkart Group has invested Rs 260 crore in the company to purchase a significant minority stake in its recently formed subsidiary-Arvind Youth Brands, which will own ‘Flying Machine’ brand.

Karur Vysya Bank (KVB) forms a strategic partnership with Bajaj Allianz Life to offer life insurance solutions to its customers. The insurer’s products will be available at the bank’s 780 branch offices, spread across India.

Birlasoft Limited has entered into a partnership with Innoveo for strengthening its domain and digital capabilities in order to rapidly deliver world-class solutions with Innoveo’s enterprise-level no-code platform.

Kalpataru Power Transmission Limited (KPTL) has signed definitive agreements with Adani Transmission Limited to sell its wholly-owned subsidiary named Alipurduar Transmission Limited (ATL) for a total enterprise value (EV) of about Rs 1,286 crore.

On a month-on-month basis, the improvement in sales was witnessed by the company. In June 2020, it generated 80 per cent of its planned average monthly sales, which was 60 per cent in May and as low as 45 per cent in April 2020.

United States Food and Drug Administration (USFDA) informed Ipca Laboratories that its API Hydroxychloroquine Sulphate’s shortage implications have been changed and now, it has been removed from the list of drug products in shortage.

Jindal Steel & Power Limited’s subsidiary at Mauritius (JSPML) is set to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman) to Templar Investments Limited.

Steel Strips Wheels Limited (SSWL) secured firm export orders for over 10,700 wheels for US caravan trailer market. This order is worth USD 1,70,000 and will be executed from its Chennai plant in the month of July and August.

One of the wholly-owned subsidiaries of Sun Pharmaceutical Industries has been granted approval from Ministry of Health, Labour and Welfare (MHLW), Japan for Ilumya (Tildrakizumab) for the treatment of plaque psoriasis in adult patients.

In last one month, the Nifty 50 index has surged by ~11.5 per cent. The Nifty Media index has jumped by ~23 per cent over the same period and has recovered ~42 per cent from its March lows. Here is the list of Nifty Media constituents and the returns they have delivered in last one month.

Apollo Tyres has commissioned its greenfield facility located in Chinnapanduru village in Chittoor district of Andhra Pradesh, which is spread over 256 acres. This will be Apollo Tyres’ seventh manufacturing unit in the world and fifth in India.

Vaishali Pharma has forayed into the domestic pharmaceutical market by launching two antifungal brands under dermatology therapy segment.

The USFDA has now informed Ipca Lab that the shortage implications for Chloroquine Phosphate API have changed and Chloroquine Phosphate drug product is no longer in shortage so, no shipment of API Chloroquine Phosphate will be excluded from the import alert.

Alankit Limited and IDP have come together with an aim to provide innovative identity solutions range. Alankit will be launching smart card printing solutions range (SOLID series), which is first-of-its-kind in India for secure, smart and seamless access through ID-cards such as PAN, Aadhaar, Corporate ID cards, student ID cards etc.

Cipla Limited and Roche Products (India) Pvt Ltd have joined hands to provide better access and innovative medicines for patients in India. Through this partnership, Cipla will undertake the activities of marketing and distribution of Roche’s key trademark oncology drugs like Trastuzumab (Herclon), Bevacizumab (Avastin) and Rituximab (Ristova).

North Eastern Electric Power Corporation Limited (NEEPCO), wholly-owned subsidiary of NTPC Limited, has been working on a hydroelectric project (4x150 MW) at Kameng, Arunchal Pradesh. It has commenced the commercial operation of Unit 1 of 150 MW of this project on June 17, 2020.

According to the announcement made by Igarashi Motors India Limited, its manufacturing units and corporate office at Chennai will be closed from June 19, 2020 to June 30, 2020 as Government of Tamil Nadu has imposed a complete lockdown in Chennai and its adjoining districts in light of a sudden rise in COVID-19 cases in the state and especially in Chennai.

Genus Power Infrastructures Limited, which is a leading manufacturer of smart metering solutions with an installation base of 48 million electricity meters across the world, has stated the impact of COVID-19 pandemic on its business operations.

Shilpa Medicare Limited is all set to acquire FTF Pharma Private Limited through share purchase agreement (SPA). As per the terms of draft share purchase agreement, the acquisition would be completed on or before April 30, 2023.

The PSU index which consists of 57 PSU companies dipped by 30.9 per cent to 4,803.13 as on June 11, 2020 from 6,955.57 as on December 31, 2019. Of the total 57 PSU companies included in the BSE PSU index, only four companies have managed to deliver positive returns to the shareholders as yet in this year whereas the remaining 53 companies’ stocks have tumbled significantly.

United States Food and Drug Administration (USFDA) granted approval to Semglee, an insulin glargine injection co-developed by Biocon Limited and Mylan N.V, which will be in vial and pre-filled pen presentations form used to keep in check high blood sugar in adults with type 2 diabetes, and adult and pediatric patients with type 1 diabetes.

Panacea Biotech Limited locked in upper circuit post-announcing its collaboration with Refana Inc. USA for the global development, manufacturing and distribution of a COVID-19 vaccine.

Adani Green Energy Limited (AGEL) has secured the largest solar agreement from Solar Energy Corporation of India (SECI) wherein AGEL will develop solar projects of 8 GW leading to Adani Solar establishing 2 GW of additional solar cell and module manufacturing capacity.

Wholly-owned subsidiary of Reliance Industries, Jio Platforms, is set to receive funding of Rs 5,683.50 crore from Abu Dhabi Investment Authority (ADIA), an investment which will constitute an equity stake of 1.16 per cent in Jio Platforms on a fully diluted basis.

Subsidiary of Rites Limited, Railway Energy Management Company Limited (REMCL) won its largest mandate from Indian Railways for handling tendering, installation supervision and managing power supply from three GW solar power plants which will be set up on vacant Indian Railway land.

Tata Coffee Limited has announced that since the lockdown situation is now being relaxed, its operations have restarted at full capacity in their instant coffee plants in India as well as other locations, including at the plantations. The harvesting of coffee and pepper has been completed while the hulling of coffee is still in progress.

The Board of directors of Chennai Petroleum Corporation Limited (CPCL) has proposed the implementation of the 9 MMTPA Refinery Project at Cauvery Basin Refinery, Nagapattinam district, to the Board of Indian Oil Corporation Limited (IOCL). CPCL plans to do this through a joint venture, at an anticipated cost of Rs 28,983 crore.

JSW Steel Limited managed to enhance its capacity utilization level in May 2020, as the lockdown restrictions started easing out. As against 38 per cent in April, it went up to 83 per cent in May.

In May 2020, NCC Limited has secured new orders. It has received four orders from agencies of State Government and does not include any internal orders.

We have taken BSE 500 companies into consideration and have enlisted the top five gainers and losers during the month of May.

An Establishment Inspection Report (EIR) from U.S. Food and Drug Administration (USFDA) has been received by Cadila Healthcare's manufacturing facility at Baddi, India, classifying the facility as 'No Action Indicated (NAI)'.

Automotive steel wheels designer and manufacturer, Steel Strips Wheels Limited (SSWL) secured export orders for over 25,000 wheels for EU caravan trailer & US mobile home market. The order will be executed at its Chennai plant within July.

PAT for the quarter came in at Rs 51.6 crore as against Rs 62.5 crore in the corresponding quarter last year, with YoY decline of 17.4 per cent.

HFCL Limited has bagged an order worth Rs 174.43 crore from a private leading integrator of data networks for the supply of optical fibre cables (OFC) for the construction of Telangana Fibre Grid (T-Fibre) under Bharat Net Phase-II Programme of Government of India (GOI).

Quick Heal Technologies Limited has made a strategic investment of Rs 2 crore in Singapore-based start-up namely, Ray Pte Ltd, which specialises in the next generation networking and wireless technology.

The United States Food and Drug Administration (USFDA) has granted final approval to Cipla Limited for its Abbreviated New Drug Application (ANDA) for Dihydroergotamine Mesylate Nasal Spray 4mg/mL with a Competitive Generic Therapy (CGT) designation.

We have considered BSE-listed companies and jotted down top five companies in which promoters have increased their stake. The list also comprises of those companies, where promoters have decreased their stake in the quarter ended March 2020 as compared to December 2019 quarter.

Biocon Limited’s subsidiary Biocon Biologics India Ltd has received a certificate of GMP compliance from EMA for multiple Biologics drug substance (DS) and drug product (DP) manufacturing facilities at Biocon Park, Bengaluru.

PAT for the quarter came in at Rs 32.6 crore as against Rs 47.4 crore in the corresponding quarter last year, with YoY decline of 31.2 per cent.

Biocon Limited has announced its financial result for the quarter ending March 2020. Its consolidated revenue for the quarter Q4FY20 came in at Rs 1,581 crore as against Rs 1,528.8 crore in the corresponding quarter last year, registering 3.4 per cent YoY increase.

Lupin Limited has received an establishment inspection report (EIR) from United States Food & Drug Administration (USFDA) for its Visakhapatnam (Andhra Pradesh) facility.

Gilead Sciences Inc. has entered into a non-exclusive licensing agreement with four Indian companies namely Cipla Ltd, Hetero Labs Ltd, Jubilant Life Sciences and Mylan and one Pakistani firm Ferozsons Laboratories. The agreement is for manufacturing and distribution of the investigational medicine Remdesivir.

Glenmark Pharmaceuticals Limited has initiated phase 3 clinical trials in India on antiviral tablet-Favipiravir, for which it had received an approval from India’s drug regulator-DCGI in late April. Glenmark is the first company in India to initiate phase 3 clinical trials on Favipiravir for COVID-19 patients in India.

Glenmark Pharmaceuticals Limited has launched a single inhaler triple therapy AIRZ-FF-a combination of two bronchodilators, Glycopyrronium & Formoterol and the inhalation corticosteroid Fluticasone propionate for chronic obstructive pulmonary disease (COPD).

Dr Reddy’s Laboratories Limited announced that USFDA has given an approval to ELYXYB (celecoxib oral solution 25 mg/ml). The company is working to commercialise this product through partners.

Bharat Dynamics Limited has bagged an order amounting to Rs 293.33 crore (excluding GST) for the supply of MRSAM missile sections for Indian Air Force deliverables. The order has to be executed in the next 24 months.

Aleor Dermaceuticals Ltd, the 60:40 joint venture between Alembic Pharmaceuticals Ltd and Orbicular Pharmaceutical Technologies Pvt Ltd, has received an establishment inspection report (EIR) from United States Food & Drug Administration (USFDA).

Jindal Steel & Power Limited (JSPL) has reported its highest-ever exports of steel & related products during April 2020. It exported 2,48,000 MT of steel & related products, which is a growth of 109 per cent (MoM). Export contributes to 74 per cent of its total sales volume.

Aurobindo Pharma Limited announced that it has received a final approval from US Food & Drug Administration (USFDA) to manufacture and market Flucytosine capsules, 250 mg and 500 mg.

Lupin Limited has received a tentative approval for its Arformoterol Tartrate inhalation solution 15 mcg (base)/2 ml, unit-dose vials, from United States Food & Drug Administration (USFDA) to market generic version of Brovana inhalation solution, 15 mcg/2 ml of Sunovion Pharmaceuticals Inc.

Strides Pharma Science Limited has developed and commercialised Favipiravir antiviral tablets which is the generic version of Avigan of Toyama Chemical (Japan). It is the first Indian company to develop and commercially launch Favipiravir tablets for the global markets.

The board of directors of Axis Bank has approved entering into an agreement with Max Financial Services Ltd (MFSL) to acquire 29 per cent stake in Max Life Insurance Company Ltd (Max Life).

JB Chemicals & Pharmaceuticals Limited has received an approval from USFDA for its abbreviated new drug application (ANDA) for Carbamazepine extended-release tablets USP 100 mg, 200 mg and 400 mg.

Granules India has received US Food & Drug Administration (USFDA) approval for abbreviated new drug application (ANDA), Trospium Chloride extended-release capsules, 60 mg.

Shilpa Medicare Limited has informed the bourses that it has launched Indian branded generic of Dasatinib, an anticancer drug with a brand name ‘Dasashil’. The drug substance patent on Dasatinib was owned by Bristol-Myers-Squibb and had expired on April 12, 2020.

Larsen & Toubro Limited’s construction arm has bagged orders from prestigious clients for its varied businesses. The estimated cost of these orders is worth Rs 1,000-2,500 crore.

L&T Construction’s Power Transmission & Distribution business has bagged significant orders in India and abroad. The estimated cost of these orders is worth Rs 1,000-2,500 crore.

ABB Power Grids has bagged a project worth Rs 165 crore from state-owned refiner Indian Oil Corporation Limited (IOCL) to ensure reliable grid connection at its Barauni refinery in Bihar.

Sudarshan Chemical Industries Limited has informed the bourses that it has received necessary permissions to restart production at its manufacturing facility located at Mahad (Maharashtra).

Biocon Limited’s subsidiary Biocon Biologics India Ltd has received an establishment inspection report (EIR) from USFDA for the pre-approval inspection (PAI) at two of its biologics manufacturing facilities in Bengaluru.

Jindal Steel & Power Limited (JSPL), the only private-sector company to manufacture head-hardened rails, has bagged 2,308-tonne supply order from Rail Vikas Nigam Limited (RVNL) for the development of Kolkata Metro Corporation.

Lupin Limited has received an establishment inspection report (EIR) after closure of USFDA inspection of its Mandideep Unit II facility, classifying the inspection as voluntary action indicated.

Biocon Limited and Mylan NV together have launched Fulphila, a biosimilar of Neulasta (pegfilgrastim) in Australia. Fulphila is now available on the pharmaceutical benefits scheme (PBS).

Cipla Limited has received a final approval for its abbreviated new drug application (ANDA) for Albuterol Sulfate Inhalation Aerosol 90 mcg (base)/actuation from United States Food and Drug Administration (USFDA).

Larsen & Toubro Limited’s wholly-owned subsidiary L&T Hydrocarbon Engineering Limited (LTHE) has been awarded a large project by Indian Oil Corporation Limited (IOCL). The estimated cost of this project is Rs 2,500-Rs 5,000 crore.

Tata Power Solar Systems Limited, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power has received a letter of award (LoA) to build 300 MW CPSU-II for NTPC at an all inclusive price of Rs 1,730.16 crore.

The smart world and communication business of Larsen & Toubro Limited’s Construction arm has bagged a large order from Indian Army to establish a first-of-its-kind state-of-the art unified network management system (NMS) to manage, support and operate the countrywide armed forces under network for spectrum (NFS).

Biocon Limited’s subsidiary Biocon Sdn Bhd has received an establishment inspection report (EIR) from USFDA for the pre-approval inspection (PAI) of its insulin’s’ manufacturing facility in Malaysia for Insulin Glargine.

Adjaristsqali Georgia LLC (AGL), a joint venture between Tata Power, Norway’s Clean Energy Invest (CEI) and International Financial Corporation (IFC) has commenced the commercial operation of 178 mw Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia. 

On December 13, 2019, Sun Pharmaceutical had informed that USFDA’s inspection at the company’s Halol (Gujarat) facility from December 3 to 13, 2019 had led to the issuance of form 483 by USFDA with eight observations.

Strides Pharma Science Limited has received an establishment inspection report (EIR) for the inspection conducted by United States Food & Drug Administration (USFDA) in January 2020 at its flagship facility (KRS Gardens) in Bengaluru thereby, confirming the successful closure of the inspections.

In order to provide relief to the vulnerable and most needy sections of the society, who have been harshly impacted by the pandemic and have faced significant disruption in their livelihoods, the company is setting up a contingency fund of Rs 150 crore.

Biocon Limited has informed that it is adjusting its operations to fully comply with regulations issued by respective national governments in light of the evolving COVID-19 situation.

Strides Pharma Science Limited has informed the bourses that its flagship facility (KRS Gardens) in Bengaluru has received an establishment inspection report (EIR) thereby, confirming the successful closure of the inspections.

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has informed that its TDI-II Plant has now resumed its normal production after the completion of its scheduled maintenance.

Glenmark Pharmaceuticals Inc., USA receives tentative approval from United States Food & Drug Administration (USFDA) for Dapagliflozin tablets, 5 mg and 10 mg, the generic version of Farxiga tablets, 5 mg and 10 mg, of AstraZeneca AB.

Biocon Limited has received an Establishment Inspection Report (EIR) from US Food & Drug Administration (USFDA) for the post-approval and GMP inspection of its small molecules API Manufacturing Facility at 20 km, Biocon Campus, Bengaluru.

Dr Reddy's Laboratories Ltd announced the launch of Naloxone Hydrochloride Injection USP, 2 mg/2 ml (1 mg/ml) single-dose prefilled syringe, a therapeutic equivalent generic version of Narcan (Naloxone Hydrochloride) Injection USP, approved by US Food and Drug Administration (USFDA).

On March 16, 2020, it received Rs 4,577 million towards second tranche in connection with the sale of entire equity share capital held by the company in seven operational road projects to Indlnfravit Trust.

The board of directors of GHCL Limited has approved a proposal to demerge its textile business, pursuant to a scheme of arrangement between GHCL Limited and the resulting company.

Bharat Heavy Electricals Limited (BHEL) has won a prestigious order for the supply of state-of-the-art electric buses along with charging infrastructure, for Gorakhpur (Uttar Pradesh).

Transformers & Rectifiers India Limited (TRIL) jumped 16 per cent on bagging order worth Rs 130 crore from Power Grid Corporation of India Limited.

The subsidiary of Pearl Global Industries Limited (PGIL) namely, Prudent Fashions Ltd has set up a factory at Dhaka (Bangladesh) for woven soft separates/knits/woven bottoms/jackets, blouse and its commercial production is likely to commence from the first quarter of financial year 2020-2021.

Indian rupee recovered against US dollar on Friday after touching a record low of 74.50 per dollar in the initial trade on worries over the fast-spreading Coronavirus outbreak across the globe.

Indian rupee weakened against US dollar on Thursday, tracking worsening rout in world markets after World Health Organisation (WHO) declared the new Coronavirus (COVID-19) a pandemic that flared up fears of a global economic recession.