Steel Strips Wheels Ltd (SSWL), an Indian steel wheel manufacturer, said that it has bagged export orders from the Western Hemisphere worth around $12million (INR 85 crores). According to Steel Strips Wheels Ltd, the orders will be executed from its Chennai and Dappar manufacturing plants till the end of January 2022. The Mohali-based steel wheel […]
Indian auto component group Rane (Madras) Limited said that its board of directors approved the acquisition of the steering components business (SCB) of Yagachi Technologies, which is a part of Hical Group. The financial terms of the deal were not disclosed. The steering components business being acquired by Rane (Madras) manufactures suspension and steering components, […]
Caplin Point Laboratories Limited said that its clinical research organization (CRO) division — Amaris Clinicals, which is located in Chennai, has wrapped up a virtual audit from the US Food and Drug Administration (FDA) with zero observations. Amaris Clinical is said to be capable of carrying out clinical studies for submissions with various pharma regulators […]
Caplin Point Laboratories said that its subsidiary — Caplin Steriles has secured approval from Agência Nacional de Vigilância Sanitária (ANVISA), the Brazilian national health surveillance agency, for its sterile injectable manufacturing plant in Tamil Nadu (TN). The approval from ANVISA enables Caplin Steriles to register and market its products in Brazil, which is considered to […]
Equitas Small Finance Bank, a Chennai-based small finance bank, said that it has launched a fintech accelerator program called Equitech, aimed at boosting fintech start-ups. Equitech has been designed for scaling up and help fintechs in curating their products and in defining a go-to-market strategy, said the company. Currently, enrolment is in progress for the […]
WABCO India Ltd., a commercial vehicle technology provider for trucks, trailers, buses, said that it will incorporate a fully-owned subsidiary in Tamil Nadu for establishing a new manufacturing unit to meet the growing demand and support growth in its exports. The subsidiary will have an authorised and paid up capital of INR 1 crore, said […]
Building materials manufacturer RAMCO Industries has increased its shareholding in Lynks Logistics Limited to 29.26% through an additional investment of around Rs 9.5 crores for acquiring as many shares at Rs1 each. Following the investment, the total shareholding of RAMCO Industries in Lynks Logistics is 38,03,78,615 shares of face value of Re.1/-. Ramco Cements, the […]
Equitas Small Finance Bank said that it has enabled its NRI customers to open accounts online, thereby becoming the first in the Indian small finance banking sector to have virtual relationship managers (VRMs) based on time zones. The Chennai-based small finance bank said that the online process for opening accounts by NRIs can be done […]
Larsen & Toubro (L&T) said that its construction unit has bagged two large contracts from the Chennai Metro Rail Corporation (CMRL), with the value ranging from INR 25-50 billion. The first order for L&T’s heavy civil infrastructure business is for the construction of around 12km twin bored tunnels from Kellys station to Taramani Road Junction […]
Niyogin Fintech, an Indian financial technology provider, has named Ravi Pratap Singh as its new chief technology and product officer. According to the fintech company, Ravi Pratap Singh has 14 plus years of experience in developing scalable backend server solutions. He joined Pine Labs India in 2007 where he headed the technology department as an […]