Stelis Biopharma, wholly owned subsidiary of Strides Arcolab, announced the ground-breaking for construction of its customised, multi-product, biopharmaceutical manufacturing facility at Bio-Xcell Biotechnology Park in Malaysia for Rs3.6bn. (ET)
National Electric Vehicle Sweden AB, the holding company that purchased assets of Saab Automobile two years ago, has said that it is in talks with two Asian companies for a sell-out, one of which, news reports say, could be Mahindra & Mahindra. (BS)
Ranbaxy Laboratories Ltd has been barred by from exporting the antibiotic cephalosporin to Germany from its plant in Madhya Pradesh for not complying with standard manufacturing practices. (BS)
Fastrack, the youth brand from the house of Titan which had 148 stores across 75 cities in the country in nine years, is now going to rapidly increase its store count in the next one year to reach 300 end of December 2015. (BS)
BPCL will diversify into Petrochemicals at an estimated capital cost of Rs45.88bn. The company said it plans to produce niche petrochemicals such as Acrylic Acid, Acrylates and Oxo Alcohols that are predominantly being imported into the country. (ET)
ABB has won orders worth Rs3.34bn from public utilities, Bihar Grid Corporation Limited and West Bengal State Electricity Transmission Company Limited, to build new transmission and distribution substations that will boost power supplies in the region. (ET)
Axis Bank is expecting its credit card business to double in terms of volume during the next three years. It is also expecting the credit card spend to grow two to three times from the current Rs10bn a month, by the time. (BS)
Suven Life sciences Limited has raised Rs2bn through Qualified Institutional Placement process. Post issue, the promoter's holding will be in excess of 59% as against 64.76% as on September 30, 2014. (BL)
National Mineral Development Corporation Ltd has decided to scale up its production of iron ore gradually and aimed to double output by 2018-19. (BL)
Bharat Heavy Electricals Limited has commissioned indigenously developed India's first phase shifting transformer at Kothagudem Thermal Power Station in Telangana. (BL)
BEML Ltd has launched the biggest 'Made-in-India' electrical excavator BE1800E for large mining operations. (BL)
National Electric Vehicle Sweden AB, the holding company that purchased assets of Saab Automobile two years ago, has said that it is in talks with two Asian companies for a sell-out, one of which, news reports say, could be Mahindra & Mahindra. (BS)
Ranbaxy Laboratories Ltd has been barred by from exporting the antibiotic cephalosporin to Germany from its plant in Madhya Pradesh for not complying with standard manufacturing practices. (BS)
Fastrack, the youth brand from the house of Titan which had 148 stores across 75 cities in the country in nine years, is now going to rapidly increase its store count in the next one year to reach 300 end of December 2015. (BS)
BPCL will diversify into Petrochemicals at an estimated capital cost of Rs45.88bn. The company said it plans to produce niche petrochemicals such as Acrylic Acid, Acrylates and Oxo Alcohols that are predominantly being imported into the country. (ET)
ABB has won orders worth Rs3.34bn from public utilities, Bihar Grid Corporation Limited and West Bengal State Electricity Transmission Company Limited, to build new transmission and distribution substations that will boost power supplies in the region. (ET)
Axis Bank is expecting its credit card business to double in terms of volume during the next three years. It is also expecting the credit card spend to grow two to three times from the current Rs10bn a month, by the time. (BS)
Suven Life sciences Limited has raised Rs2bn through Qualified Institutional Placement process. Post issue, the promoter's holding will be in excess of 59% as against 64.76% as on September 30, 2014. (BL)
National Mineral Development Corporation Ltd has decided to scale up its production of iron ore gradually and aimed to double output by 2018-19. (BL)
Bharat Heavy Electricals Limited has commissioned indigenously developed India's first phase shifting transformer at Kothagudem Thermal Power Station in Telangana. (BL)
BEML Ltd has launched the biggest 'Made-in-India' electrical excavator BE1800E for large mining operations. (BL)
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