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US-based watch major Timex Group plans to accelerate growth of its Indian operations, which is currently its third largest market globally. The company believes that its manufacturing footprint in the country has a strategic role to play not only in serving domestic demand but also in its global supply chain. Tobias Reiss-Schmidt, President and CEO,… Continue reading Timex Group looks to expand manufacturing footprint in India.

PNB Housing Finance Limited, one of the leading housing finance companies, has raised fresh USD75mn ECB from Sumitomo Mitsui Banking Corporation (SMBC) Singapore. The ECB (External Commercial Borrowing) is under the Reserve Bank’s automatic route of approval and the proceeds will be used by the Company as per the applicable RBI guidelines. Sanjaya Gupta, Managing… Continue reading PNB Housing Finance raises fresh USD75mn ECB from SMBC Singapore

The Delhi airport will spend ₹9,800 crore for capex till June 2022 including building the fourth runway, expanding parking stands for aircraft to 82 from the current 55 and increasing the airport’s handling capacity to 140 million passengers annually. “We have already gone into international bonds,” I Prabhakara Rao, Deputy Managing Director, GMR Group, said at… Continue reading Work starts on ₹9,800-cr expansion of Delhi airport; to be finished mid-2022.

Shares of SRF extended its rally in the morning trade after the company’s PAT rose 41% from Rs134cr to Rs189cr in Q1FY20 when compared with the corresponding period last year. EBIT also rose by 16% from Rs254cr in Q1FY20. Ashish Bharat Ram, Managing Director said, “The Chemicals Business was negatively impacted due to a slower than expected… Continue reading SRF stock surges 11% after PAT rises 41% in Q1 The consolidated revenue of the company grew by 9% from Rs1,676cr to Rs1,828cr in Q1FY20 when compared with the corresponding period last year.

A 5 MW Solar Power Project by Bharat Dynamics Limited (BDL) was inaugurated by Hon’ble Minister of Defence, Shri Rajnath Singhat Hyderabad. The solar project, executed by Vikram Solar, India’s leading solar energy solutions provider, is expected to generate 79,00,000 units of energy annually and would be used for captive consumption by BDL, at their… Continue reading Bharat Dynamics Limited’s 5 MW Solar plant inaugurated by Shri Rajnath Singh.

Shares of Granules India rose 1% in the morning trade on the BSE. The US Food & Drug Administration (USFDA) has approved the Abbreviated New Drug Application (ANDA) filed by Granules Pharmaceuticals, Inc., a wholly-owned foreign subsidiary of Granules India Limited for Amphetamine Sulfate Tablets USP 5 mg and 10 mg. It is bioequivalent to the reference… Continue reading Granules gets USFDA approval for Amphetamine Sulfate tablet; stock up 1% It is bioequivalent to the reference listed drug product (RLD), Evekeo Tablets, 5 mg and 10 mg, of Arbor Pharmaceuticals, LLC, the company said in the press note.

India’s largest passenger vehicle manufacturer sold 98210 units in July Maruti Suzuki’s net profit for the quarter ended June 30 witnessed the steepest decline in the last five year Following the continued slowdown in the economy and tightening of credit norms by financial institutions, domestic wholesales of Maruti Suzuki India Ltd– the country’s largest passenger vehicle manufacturer—slumped… Continue reading Maruti’s vehicle sales in July declined by 36%, highest in two decades