ICMR approval for HiMedia-Syngene COVID-19 antibody test kit, ELISafe 19TM

ICMR approval for HiMedia-Syngene COVID-19 antibody test kit, ELISafe 19TM     HiMedia Laboratories, a bioscience company with expertise in media manufacturing and diagnostics, and Syngene International, an integrated research and development services company, have collaborated to manufacture ELISafe 19TM, an IgG based ELISA test kit for COVID-19 now approved by the Indian Council of Medical Research (ICMR). The ELISafe 19TM antibody test kit has a sensitivity of 100% and specificity of 99%.   Commenting on the news, Dr. Vishal G. Warke, Director R&D, Cell Culture and Immunology, HiMedia Laboratories,…

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NIIT Limited announces Q1 (April – June 2020) Consolidated Results

NIIT Limited announces Q1 (April – June 2020) Consolidated Results       Revenue recorded at Rs. 201.8 Cr, PAT at Rs. 29.0 Cr.  EBITDA margin recovers to 12.1% after a sharp decline in Q4  CLG records revenue growth of 17% YoY with EBITDA margin of 17%  Adds 3 new MTS logos, taking revenue visibility to $263 Mn NIIT Limited, a global leader in skills and talent development, today reported its results for the first quarter ending June 30, 2020. During the quarter, the company recorded a Net Revenue of…

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Tata Capital Growth Fund to Invest ~USD 30 Million (Rs 225 Crore) in Biocon Biologics for an Equity Stake of 0.85%

Tata Capital Growth Fund to Invest ~USD 30 Million (Rs 225 Crore) in Biocon Biologics for an Equity Stake of 0.85%   Biocon Ltd, an innovation-led global biopharmaceuticals company, today announced that the Board of its subsidiary Biocon Biologics India Limited (Biocon Biologics) has approved a primary equity investment by Tata Capital Growth Fund. As per the terms of the proposed agreement, Tata Capital will invest Rs 225 Crore for a 0.85% minority stake in the biosimilar business, valuing Biocon Biologics at an equity valuation of Rs 26,250 Crore, or…

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Reliance Power and JERA sign Loan Agreement for full financing for their New Gas-fired Thermal Power Generation Project in Bangladesh

Reliance Power and JERA sign Loan Agreement for full financing for their New Gas-fired Thermal Power Generation Project in Bangladesh   Reliance Power Limited (“Reliance Power”) and JERA Co., Inc. (“JERA”), through their project company, are developing a new gas-fired power generation projectin Bangladesh (the “Project”). The project company has now signed a loan agreement for full financing totaling 642 million USD with a group of banks that includes the Japan Bank forInternational Cooperation (“JBIC”). This Project is to build, own, and operate a 745 MW (net output: 718 MW)…

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Vaillant Group Partners with TCS to Drive its Growth and Transformation Program

Vaillant Group Partners with TCS to Drive its Growth and Transformation Program     Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has expanded its partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth. Family-owned Vaillant Group has a presence in more than 60 countries worldwide. In some markets, the processes are highly localized, resulting…

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INDIAN ENERGY EXCHANGE ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED JUNE

INDIAN ENERGY EXCHANGE ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2020     • Q1 FY’21 sees 14.5% YoY increase in electricity volumes on the Exchange when overall energy consumption declines 16% YoY • PAT growth of 6.3% YoY in Q1 FY’21 • Exchange power prices down 26% YoY yield significant savings for distribution utilities and Industries • Company plans to introduce new market segments and products Q1 FY21 began with a severe slump in economic activity with IIP contracting by almost 57.6% in the month…

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Max venture India Limiyed shows resilient performance in Q1FY21; reports PAT of Rs. 131 Mn

MaxVIL shows resilient performance in Q1FY21; reports PAT of Rs. 131 Mn     MaxVIL Q1FY21 Financial Highlights:  Consolidated Revenue at Rs. 2,586 Mn  Consolidated EBITDA at Rs. 470 Mn  Consolidated PAT at Rs. 131 Mn Max Estates Q1FY21:  Max House phase 1 has received completion certificate; project to be launched for leasing in Q2FY21  Work on new Grade A+, 0.7 Mn Sq. Ft. office project, Max Square on Noida Expressway with New York Life as 49% equity partner to start in Q2FY21  Max…

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Cipla receives final approval for generic version of Shire’s Firazyr® (Icatibant Injectable Pre-Filled Syringe 30mg/3mL)

Cipla receives final approval for generic version of Shire’s Firazyr® (Icatibant Injectable Pre-Filled Syringe 30mg/3mL)     Cipla Limited and hereafter referred to as “Cipla” today announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Icatibant Injectable 30mg/3mL from the United States Food and Drug Administration (US FDA). Cipla’s Icatibant Injectable Pre-Filled Syringe 30mg/3mL is AP-rated generic version of Shire’s Firazyr®. Icatibant injection is indicated for the treatment of acute attacks of hereditary angioedema (HAE) in adults 18 years of age and older. According…

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Strides receives USFDA approval for Butalbital, Acetaminophen, Caffeine, and Codeine Phosphate Capsules

Strides receives USFDA approval for Butalbital, Acetaminophen, Caffeine, and Codeine Phosphate Capsules     Strides Pharma Science Limited (Strides) today announced that its step‐down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval for Butalbital, Acetaminophen, Caffeine, and Codeine Phosphate Capsules, 50 mg/325 mg/40 mg/30 mg from the United States Food & Drug Administration (USFDA). The product is a generic version of Fioricet® with Codeine Capsules, 50 mg/325 mg/40 mg/30 mg, of Teva Branded Pharmaceutical Product R&D, Inc. According to IQVIA MAT May 2020 data, the US…

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TCS to Help Tryg Transform its IT Core and Enable Future Growth

TCS to Help Tryg Transform its IT Core and Enable Future Growth       Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has expanded its decade-long partnership with Tryg, one of the largest non-life insurance companies in the Nordic region, to help the latter adopt a future-ready technology stack and IT operating model that will accelerate its digital transformation journey. As part of the expanded partnership, TCS will provide mainframe hosting and operations, and implement a future-proof hybrid cloud architecture that leverages the…

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