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22-Jan2019

Inflame Appliances, Lupin and IDBI Bank to see some action today

Inflame Appliances has set up a new facility to produce Electrical Chimneys & its parts, which can be considered as an 'Make in India' initiative as more than 90% Chimneys are imported from China & other Countries. The Facility installed is unique in nature as no manufacturer of appliances in India has the facility of toughened glass, CNC Machines, Power/Hydraulic Press Shop, Powder Coating, and Welding under one roof.

Lupin has received approval for its Levothyroxine Sodium Tablets USP, 25 mcg, 50 mcg, 75 mcg, 88 mcg, 100 mcg, 112 mcg, 125 mcg, 137 mcg, 150 mcg, 175 mcg, 200 mcg, and 300 mcg from the United States Food and Drug Administration (FDA) to market a generic version of AbbVie, Inc's Synthroid Tablets, 25 mcg, 50 mcg, 75 mcg, 88 mcg, 100 mcg, 112 mcg, 125 mcg, 137 mcg, 150 mcg, 175 mcg, 200 mcg, and 300 mcg.

IDBI Bank has received approval for the proposal to reinitiate divestment process of IDBI's stake in IDBI Federal Life Insurance Company. The Board of Directors of the company at their meeting held on January 21, 2019, approved the same.

Tata Power's wholly-owned subsidiary -- Tata Power Solar has launched a complete residential rooftop solution in Gandhinagar in the state of Gujarat. The residential rooftop solutions are expected to save upto Rs 50,000 annually for 25 years. Tata Power Solar comes with a successful background of executing world's largest rooftop at a single location and India's largest carport at Cochin International Airport.

Ganesh Films India has acquired the sole theatrical distribution rights for North India region from Amma Creations for the Comedy Action film 'Charlie Chaplin 2' (Tamil).

Competent Automobiles Company has decided to dispose off the present land where its workshop is situated at Mehrauli, New Delhi and acquire new land as per conformity of Provisions of Master Development Plan (MDP)- 2021 of NCT of Delhi. In between this period, the operations of the workshop will be shifted to new place at the earliest.

GHCL has reported 43.99% rise in its net profit at Rs 102.48 crore for the quarter December 31, 2018 as compared to Rs 71.17 crore for the same quarter in the previous year. Total income of the company increased by 18.48% at Rs 874.56 crore for Q3FY19 as compared Rs 738.13 crore for the corresponding quarter previous year.


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