Page 70 - B2B Connect
The Chatterjee Group buys Mitsubishi Chemical's PTA business in India
Acquisition of MCC PTA India will help TCG, which owns majority stake in Haldia Petrochemicals, to consolidate its petrochemicals business in India
 "The Chatterjee Group buys Mitsubishi Chemical's PTA business in India")
Sun Pharma signs licensing pact with Spain's Almirall for tildrakizumab in Europe
As per the agreement, which will fetch Sun Pharma $ 50 mn as an initial upfront payment, Almirall will lead the marketing effort of tildrakizumab for treatment of psoriasis in Europe
 "Sun Pharma signs licensing pact with Spain's Almirall for tildrakizumab in Europe")
Siemens receives Rs 217 cr order for power project in Bangladesh
As per the contract, Siemens will provide various power equipment and systems for Power Grid Company of Bangladesh's 500 MW high voltage direct current (HVDC) station
 "Siemens receives Rs 217 cr order for power project in Bangladesh")
RPG Life Sciences buys Sun Pharma's 7 brands for Rs 41 crore
Divested products include brands used for treatment of respiratory-track infections, urological disorders, cardiovascular diseases, etc
 "RPG Life Sciences buys Sun Pharma's 7 brands for Rs 41 crore")
Core Diagnostics to collaborate with US-based Star Health for oncology test
Through collaboration, the clinical diagnostics firm will launch the Celsee liquid biopsy test for oncology throughout India
 "Core Diagnostics to collaborate with US-based Star Health for oncology test")
V-Guard Industries to start PVC compounding unit at Coimbatore
The unit, which will commence commercial production by end of August 2016, will serve the company's business of house wiring cable
 "V-Guard Industries to start PVC compounding unit at Coimbatore")
Gamesa bags 100 MW wind energy projects from Orange Renewable
The order entails delivering 40 MW wind power project in Maliya, Gujarat and 60 MW in Gurmitkal, Karnataka
 "Gamesa bags 100 MW wind energy projects from Orange Renewable")
Uflex launches extrusion lamination machine for woven polypropylene
The machine is also used to laminate very thin LDPE substrates to woven polypropylene and to paper or any packaging film
 "Uflex launches extrusion lamination machine for woven polypropylene")
Vivimed arm Klar Sehen divests certain products to Ordain Healthcare for Rs 73 cr
The move is part of Vivimed's strategy to exit from the branded formulations in ophthalmology and to focus on CMO and US generic business
 "Vivimed arm Klar Sehen divests certain products to Ordain Healthcare for Rs 73 cr")
European drug regulator suspends medicines tested at Semler Research
European Medicines Agency has cited flaws in bioequivalence studies, which are required for the approval of generics, conducted at the Bangalore-based CRO as the reasons for suspension
 "European drug regulator suspends medicines tested at Semler Research")
US FDA grants approval for Glenmark's skin ointment
The approved product, triamcinolone acetonide ointment (0.5 percent), achieved annual sales of about $ 4.4 million in the US, according to IMS Health
Gujarat Fluorochemicals sells stake in Chinese JV Ltd
Xuancheng Hengyuan Chemical Technology, established in 2006, manufactures cyclic organic crudes, intermediates, organic dyes and pigments
Railway Minister inaugurates first green train corridor
The corridor, Rameswaram-Manamadurai, will be free from human waste discharge by using bio-toilets in trains
 "Railway Minister inaugurates first green train corridor")
PM Narendra Modi lays foundation stone for revival of Gorakhpur fertiliser unit
The revival of the plant, undertaken by a joint venture between Coal India Limited (CIL) and NTPC Limited, entails an investment of Rs 6,000 crore
 "PM Narendra Modi lays foundation stone for revival of Gorakhpur fertiliser unit")
Indian agrochemicals market to reach $ 6.3 billion by FY20: Report
With several products going off-patent globally, Indian firms can leverage opportunities for generics, contract manufacturing & research, says a report of Tata Strategic Management and FICCI
 "Indian agrochemicals market to reach $ 6.3 billion by FY20: Report")
Reliance Defence signs sub-concession pact with Gujarat Maritime Board
The agreement allows Reliance Defence to carry out defence and commercial shipyard activities at Pipavav Port in Gujarat
 "Reliance Defence signs sub-concession pact with Gujarat Maritime Board")
NHPC and BHEL join hands for overseas hydroelectric projects
While NHPC will handle the civil engineering work of the projects, BHEL will look after the electro mechanical package
 "NHPC and BHEL join hands for overseas hydroelectric projects")
Govt aims for port-led industrialisation through coastal economic zones
Plan is to reduce logistic cost by locating the manufacturing centres closer to the ports thereby making Indian trade competitive in the global market
 "Govt aims for port-led industrialisation through coastal economic zones")
European drug regulator accepts Mylan-Biocon application for biosimilar Pegfilgrastim
The proposed biosimilar Pegfilgrastim, used to treat cancer, is one of the six biologic products co-developed by Mylan and Biocon for the global marketplace
 "European drug regulator accepts Mylan-Biocon application for biosimilar Pegfilgrastim")
Inclusion of stent in drug price control regime will weaken industry sentiment: FICCI
The move to have an unfavourable impact on the Make in India initiative and FDI inflow in the medical devices sector
 "Inclusion of stent in drug price control regime will weaken industry sentiment: FICCI")
