Sun Pharmaceutical Industries Limited announced in a stock exchange filing the outcomes of a Phase 1 study assessing GL0034 (Utreglutide) in obese adults. Presented at the 84th Scientific Sessions of the American Diabetes Association (ADA) on June 21, 2024, in Orlando, FL, the study evaluated safety, tolerability, pharmacokinetics, and pharmacodynamics. The company stated that obesity …
GRM Overseas Limited announced in a stock exchange filing that its Board has approved fundraising of ₹136.5 crore through the issuance of share warrants on a preferential basis to 33 investors, including both promoters and non-promoter investors. The Board has sanctioned the allotment of up to 91,00,000 share warrants at an issue price of ₹150, …
On June 22, 2024, Sky Gold Ltd, a leading jewellery company in India, announced the acquisition of two Mumbai-based companies: Starmangalsutra Private Limited and Sparkling Chains Private Limited. These acquisitions will help Sky Gold increase its market presence and expand its range of high-quality jewellery known for its expert craftsmanship. Details of the Acquired Companies …
Indian benchmark indices opened Monday’s session on a fragile note, influenced by weak cues from Asian peers. However, both the NSE Nifty50 index and BSE Sensex have shown resilience, recovering from early losses and currently trading in green. Market Performance The NSE Nifty50 index is trading higher by 0.04%, surpassing the 23,500 mark, while the …
State-owned Oil and Gas Corporation(ONGC) and Indian Oil Corporation (IOC) have signed an agreement to set up a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in Madhya Pradesh. About the Companies: Indian Oil Corporation (IOC) is a public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, …
On June 24, 2024, Biocon Ltd informed in a stock exchange filing that the company’s subsidiary, Biocon Biologics Ltd (BBL), has obtained approval from the European Medicines Agency (EMA) to commence manufacturing biosimilar Bevacizumab at its newly established monoclonal antibodies (mAbs) drug substance facility in Bengaluru. This approval marks a significant milestone, enhancing BBL’s capacity …
On June 23, 2024, Genesys International, a leading mapping company, launched India’s first AI-powered navigation map for cars and other vehicles. This new solution is a significant step forward for the Indian auto industry, ushering in a new age of personalised and smart driving experiences. Genesys’s new map covers India’s largest drivable road network, 8.3 …
On June 24, 2024, Larsen & Toubro Limited (L&T) informed in a stock exchange filing that the company’s Power Transmission & Distribution (PT&D) vertical has secured a domestic order to build a grid-connected 185 MW Solar PV Plant along with a Battery Energy Storage System (BESS) with a multitude of MWh capacity. The Solar PV …
Tide Water Oil Co. (India) Ltd. announced a development that could indicate growing investor confidence. Standard Greases & Specialities Private Limited, a joint promoter of the company, has applied for and received pre-dealing approval to acquire an additional 3,51,000 equity shares. This move signifies the promoter’s continued commitment and potential bullish sentiment on the company’s …
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a prominent Indian shipbuilding company, has successfully secured a substantial contract worth $54 million (around Rs.448 crore) which involves the construction and delivery of four multi-purpose vessels for a German client. Details of the Contract The contract, signed with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., …
