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Indian-Commodity  :  Top News  :  Cipla, Suzlon and TD Power Systems to see some action today

Cipla, Suzlon and TD Power Systems to see some action today (26-Jul-2017)

Cipla, a global pharmaceutical company, and the product development partnership Medicines for Malaria Venture (MMV) has launched 100 mg Artesunate Rectocaps/Rectal Artesunate Suppositories (RAS), a life-saving, pre-referral intervention for the management of severe malaria in young children. Cipla's RAS product contains 100 mg of Artesunate and is indicated in children from 6 months to 6 years. It was developed with the support of MMV (with UNITAID financing) and will now soon be available in four sub-Saharan countries.

Suzlon Group, one of the leading global renewable energy solutions provider in the world, has won an order of 50.40 MW wind power project from Riyadh based Alfanar Group. This is a maiden order from Alfanar, for 24 units of S111-90m wind turbine generator, each with a rated capacity of 2.1 MW. The project will be completed by March 2018. Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services. The project has the potential to provide power to over 27,000 households and reduce 0.10 million tonnes of CO2 emissions per annum.

TD Power Systems has received an order from a large European multinational company (MNC) in India for manufacture & supply of certain components (Product) of traction motors used in Electric Locomotives to be supplied to Indian Railways by the MNC. The total order value is about Rs 750 crore to be supplied over 10 years starting from 2018. The MNC will also provide the required technology for manufacture of the Product under License through its Affiliate Company.

Zensar Technologies is helping Morrison Utility Services (MUS), the UK's largest, dedicated, independent utility services provider with its process transformation roadmap and be an early adopter of Robotic Process Automation (RPA) in redefining operations. Zensar has enabled the creation of an RPA framework to integrate seamlessly with the business operations and drive tangible benefits. Besides, MUS aims to leverage the latest technological solutions to reinvent its customer service experience.

Aro Granite Industries (AGIL) is in the process of installation of one multi-wire saw machine for cutting of granite and quartzite. The installation will be completed within next three months and production will start thereafter. After the installation, the installed capacity of the granite slabs will be increased by 1,50,000 square meters and the installed capacity of the slab plant will be increased to 7,35,000 square meters from the existing 5,85,000 square meters taking the overall installed capacity to 10,95,000 square meters including tiles processing facilities. The addition of the multi wire will enable us to process quartzite (an extremely compact, hard, granular rock - which is harder than granite but more fragile) which we were not able to process before.

Prestige Estate Projects is looking to raise funds by divesting stake across its business verticals, starting with the commercial and retail portfolios. The Bangalore-based company have sounded out some top private-equity players, has multiple realty businesses ranging from retail to commercial to hotels.


Top News Today
Zydus Cadila, Oberoi Realty and Artefact Projects to see some action today
(25-Sep-2017)

Zydus Cadila, Oberoi Realty and Artefact Projects to see some action todayZydus Cadila has received the final approval from the USFDA to market Amlodipine and Olmesartan Medoxomil Tablets in strengths of 5 mg/20 mg, 5 mg/40 mg 10 mg/20 mg, and 10 mg/40 mg. The drug is indicated......click on news to read complete article.

REC gets nod to raise Rs 65,000 crore via bonds
(23-Sep-2017)

REC gets nod to raise Rs 65,000 crore via bondsRural Electrification Corporation (REC) has received shareholders' approval to raise up to Rs 65,000 crore via bonds over the next one year. The special resolution was passed at the company's annual general......click on news to read complete article.

BNP Paribas Arbitrage sells 1.40 lakh shares of Matrimony.com
(23-Sep-2017)

BNP Paribas Arbitrage sells 1.40 lakh shares of Matrimony.comBNP Paribas Arbitrage has sold 1.40 lakh shares of Matrimony.com. The fund house has offloaded the same at Rs 817.73 on the NSE on September 22, 2017.Recently, BNP Paribas Arbitrage has offloaded 1,34,102......click on news to read complete article.

International Stock News
US markets end flat on geopolitical concerns
(23-Sep-2017)

US markets end flat on geopolitical concernsThe US markets ended the lackluster session near their neutral lines on Friday on geopolitical concerns amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump.......click on news to read complete article.

Asian markets trade lower on heightened geopolitical tensions
(22-Sep-2017)

Asian markets trade lower on heightened geopolitical tensionsThe Asian markets are showing a weak trend on Friday, on renewed geopolitical worries after a report that North Korea could respond to fresh sanctions with a hydrogen bomb in the Pacific. A news report......click on news to read complete article.

US markets closed lower; Dow snaps nine-day winning streak
(22-Sep-2017)

US markets closed lower; Dow snaps nine-day winning streakThe US markets closed lower on Thursday, with the Dow snapping a nine-day winning streak as investors found few reasons to chase equities a day after the Federal Reserve indicated it still intends to deliver......click on news to read complete article.

 

     
  
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