TOP CORPORATE NEWS
NHPC receives
environmental clearance for Dibang project
NHPC has
received environmental clearance for its Dibang multipurpose hydropower cum
flood moderation project (2880 MW), worth over Rs25,000 crore, in Arunachal
Pradesh – positive for NHPC.
GAIL signs preliminary deal
with Shell for sale of LNG
GAIL has signed
a preliminary deal with Shell for the potential sale of liquefied natural gas (
LNG) supply sourced from its portfolio, made up of US production.
Claris Life sciences surges
on sale of injectible biz reports
Shares of Claris Life sciences jumped 12% to Rs313 on the BSE, accompanied
by heavy volumes, after an Economic Times report suggested that Cadila
Healthcare has emerged as the front runner to acquire the generic sterile
injectables business of the company.The stock turned volatile after opening at
Rs323 on the BSE. It has touched high of Rs 331 and low of Rs 300 so far.
Glenmark gets tentative ANDA
approval for Rufinamide Tablets USP
Glenmark Pharmaceuticals
has been granted tentative approved last week by United States Food & Drug
Administration (US FDA) for its Rufinamide Tablets USP, 200 mg and 400 mg, a
therapeutic equivalent of Banzel Tablets of Eisai, Inc. Under the terms of
settlement agreement between Glenmark and Eisai, Glenmark will be permitted to
market this product in the United States on May 30, 2022 or potentially earlier
under certain circumstances.
Godrej Prop sells over
200 apts at launch of Godrej icon
Mumbai-based
real estate developer, Godrej Properties");'> Godrej Properties said
that it has sold over 200 apartments of its recently launched residential
project Godrej Icon, in Sector 89A/88A, Gurgaon. The company has sold over 200
apartments, with an area over 400,000 sq. ft. in just three weeks at the launch
of its residential project, Godrej Icon, in Sector 89A/88A, Gurgaon, the
company said.
Strides to buy generic Pharma
biz in Australia
Strides
Arcolab announced that Strides Pharma Global, Singapore and Strides
(Australia) Pharma, Australia, both subsidiaries of Strides Arcolab have signed
definitive agreements with certain wholly owned subsidiaries of Aspen Pharmacies
Holdings, a company listed on the Johannesburg Stock Exhchange (Aspen), to
acquire a generic pharmaceutical business in Australia together with certain
branded pharmaceutical asset.
PTC India to call for bids
from solar project developers
As part of the
government’s plan to push solar electricity by paying for it in dollars,
power trading company PTC India Ltd may call for bids from solar project
developers on behalf of the ministry of new and renewable energy (MNRE)
denominated in dollar. With PTC (major power trading company) making a purchase
guarantee, these projects will become bankable and help solar power reach grid
parity. Positive read through for the renewable power sector, especially solar
power.
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