Page 69 - B2B Connect

Rama Steel Tubes increases capacity of Khopoli plant by 36,000 MT

The company also plans to install a third production line of additional 60,000 MT capacity by Q1FY18, taking the total capacity to 132,000 MT

Sun Pharma receives US FDA nod for diabetes drug metformin ER tablets

These tablets, which are generic versions of Glumetza, have annual sales of approximately $ 1.2 billion in the US, according to IMS Health

Lupin acquires 21 branded products from Japan's Shionogi for $ 150 mn

These 21 products, covering therapy areas such as central nervous system (CNS), oncology, cardiovascular and anti-infectives, had sales of Yen 9.4 bn ($ 90 million) collectively

Alphabet arm Verily to collaborate with GSK for bioelectronic medicines

Both companies will invest up to Pound 540 million (about $ 710 million) in the joint venture Galvani Bioelectronics, which will be headquartered in the UK

Ganesha Ecosphere to increase recycled polyester fibre capacity by 21,000 TPA

With this expansion, the consolidated recycled polyester staple fibre (RPSF) capacity at the Bilaspur (Rampur, Uttar Pradesh) site will become 108,600 TPA

Suven receives patents for CNS drug in Macau and New Zealand

These patents are valid through 2032

AksharChem to temporarily shutdown vinyl sulphone plant at Mehsana

The shutdown, effective from August 12, 2016 to August 27, 2016, will be undertaken for carrying out repair and maintenance work at the site

Borosil Glass buys 60% stake in glass packaging company Klasspack

With this, Borosil has entered into primary pharma glass packaging business

BHEL bags EPC orders of Rs 437 cr for 80 MW solar power plants

As per the orders, received from Neyveli Lignite Corporation and Bharat Electronics, the company will set up solar photovoltaic plants at Neyveli (Tamil Nadu) and Medak (Telangana)

Electric vehicles in India has significant growth potential: N Venu

In this interview, N Venu of ABB Group shares emerging trends in electric mobility and the company's plans for its latest 15-second flash charging technology to tap electric vehicles market

Ajanta Pharma receives US FDA approval for heartburn drug

The approved product, omeprazole and sodium bicarbonate powder for oral suspension, is a bioequivalent generic version of Salix Pharmaceuticals' Zegerid powder

China's Fosun Pharma acquires 86% stake in Gland Pharma for $ 1.26 bn

Acquisition will help Fosun Pharma to strengthen its presence in the global injectables market - one of the fastest growing segment within pharma industry

US electrical product maker Intermatic ties up with AMTL to enter into India

Through this tie-up, Grasslin Gmbh, Intermatic's German subsidiary, will introduce time switches, light and temperature control solutions in the country

ReNew Power awards Gamesa contract for 60 MW wind power project

As per the agreement, Gamesa will supply 30 units of G97-2.0MW T104 turbine, which is scheduled to be commissioned by March 2017

Amend Drugs and Cosmetics Act to promote e-pharmacy in India

While e-pharmacy offers convenience to people, there are concerns with respect to legitimacy of e-pharmacies, patients' safety and privacy, adverse effect on retailers business, etc

Ban on diesel cars hurting investment in auto industry: Minister

New investments in the automotive sector across the country have stopped for the last six months, since the ban on diesel cars was pronounced, informed Babul Supriyo in the Rajya Sabha

Government revises cost estimate for NATRIP project

NATRIP is an important initiative by the government for the establishment of the global test centres in India and address the R&D requirements of the automotive industry

AIIMS Bhatinda receives Cabinet nod

The new AIIMS, to be built with an investment of Rs 925 crores, will have a hospital with capacity of 750 beds

Cabinet approves abolition of separate JV guidelines for defence PSUs

The abolition of the existing JV guidelines will provide a level playing field between PSUs and the private sector in the defence manufacturing sector

Fire breaks out at Meghmani Organics' pigment plant in Dahej

While the plant has four manufacturing sections, only one section of beta blue pigment got affected due to fire