L&T Technology Services (LTTS) has completed the acquisition of Dallas, Texas-based Orchestra Technology Inc., a specialist technology solutions provider for the telecom industry. The acquisition is in accordance with the terms set out in the agreement announced by the company on July 16, 2020. Orchestra will help bolster LTTS' offerings in the areas of Network Engineering & Enterprise Mobility and open up new opportunities in next generation digital systems for 5G and IoT networks. Following this transaction, Orchestra has become a wholly owned subsidiary of LTTS.
Dr. Reddy’s Laboratories has launched a generic version of Sapropterin Dihydrochloride Tablets, for Oral Use. The company’s Sapropterin Dihydrochloride Tablets, 100 mg are available in bottle count sizes of 120. This illustrating company’s continued commitment to bring affordable generic medicines to market for patients. At the same time, this product demonstrates that the company is actively expanding the breadth of its portfolio with a treatment for a rare disease.
PNC Infratech has received Letter of Award (LoA) in Joint Venture (JV) with SPML Infra for a project of construction of Haraulipur Group of Villages Water Supply Scheme (Surface Water) and Electric/Solar based Piped Ground Water Supply Scheme in Hamirpur District, Uttar Pradesh including Commissioning and Operation & Maintenance for 10 years for a value of Rs 289.83 crore, from State Water & Sanitization Mission, Namami Gange and Rural Water Supply Department, Government of Uttar Pradesh on October 1, 2020.
Mahindra & Mahindra (M&M) has launched the All-New Thar, the most eagerly awaited, legendary SUV, on the very day that the Mahindra Group celebrates its 75th anniversary. In its all-new avatar the Thar will be available in two trims, namely AX & LX, with prices starting at Rs 9.80 lakh for AX series and Rs 12.49 lakh for LX series (Ex-showroom Price, All India).
Reliance Industries’ subsidiary-- Reliance Life Sciences has developed an RT-PCR kit that promises diagnosis of COVID-19 infection in about 2 hours. Computational biologists at Reliance Life Sciences analyzed more than 100 genomes of SARS-CoV-2 sequenced in India and designed unique RT-PCR primers for developing quantitative-Real Time PCR (RT-PCR) kit for COVID-19 detection. RT-PCR kit is so far considered as Gold standard.
KDDL has acquired 1,38,500 fully paid equity shares of Rs 10 each at a price of Rs 250 per share from the existing shareholders of Ethos. Post the said acquisition, consolidated shareholding of company (directly and indirectly through its subsidiary, Mahen Distribution) in Ethos will increase from 73.56% to 74.32%.
BEML has put in place a catch-up plan to make up for the production backlog induced by COVID-19s adverse consequences, with manufacturing plants now operating near normal. It is also trying to reduce cost through various cost optimisation strategy and austerity measures so as to minimize impact on the bottom-line. The company has set a revenue target of over Rs 4,000 crore for 2020-21, up from Rs 3,029 crore in the previous fiscal.
Download APP
