Check out the latest Corporate news.
The US Consumer Product Safety Commission (US CPSC) has approached the US Dept of Justice seeking action against Dr Reddy’s Labs in a 5-year-old case involving packaging for five blister-packed prescription products.
TVS Motor launched a special edition of its scooter model Jupiter priced at Rs53,034 (ex-showroom Delhi) to mark the crossing of 1mn units sales milestone.
Granules Pharmaceuticals Inc. (GPI), subsidiary of Granules India, has acquired exclusive rights from USpharma Windlas, LLC to market and distribute four products in the USA.
Motherson Sumi Systems’s subsidiary Samvardhana Motherson Automotive Systems Group will raise USD300mn through issue of notes due in December 2021 to repay debt and general corporate purposes.
NTPC has agreed to finance the cost of doubling of the 134km section and has deposited ₹9.46bn with the South Western Railway. The section consists of 10 block stations, 8 major bridges and 2 important bridges.
Tata Communications said its white label automated teller machines (ATM) arm has put 8,000 units across 4,600 towns of 20 states in the country till now.
Cyient launched a new global design centre in Bengaluru for SMEC, an Australian professional services company for providing high-level consultancy services on major infrastructure projects.
Tata Motors launched its next-generation 'Ultra' range of light commercial vehicle (LCV) in Kenya.
GVK Power & Infrastructure has sought shareholders approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs150bn. (ET)
Shoppers Stop will exclusively retail Cross and Police-branded leather accessories across all lifestyle stores.
Bharti Infratel is in talks to acquire Tower Vision India, a company owned by a group of international financial investors.
Bajaj Finance has tied up with retailers and brands for loans tailor made for buyers of clothes, shoes, watches, eyewear and fashion accessories, making it the first such scheme to be rolled out in India.
Bharti Airtel's wholly-owned data centre unit, Nxtra Data Ltd., signed a pact with a US firm CenturyLink to provide managed hosting, IT Infrastructure, IT services and cloud services to enterprises and government organisations in India to increase customer base.
Reliance Communications fared the worse in call drop rate test conducted by the Telecom Regulatory Authority of India (Trai) in Hyderabad.
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