Infosys, Dr. Reddy's and Tata Consumer Products to see some action today

Infosys has been selected by Siemens Gamesa Renewable Energy (SGRE), a global leader in the renewable energy industry, as a strategic partner for SAP S/4HANA implementation to deliver a globally harmonized ERP system. The implementation will enable Siemens Gamesa to become an agile, global organization driving digitalization, while enhancing its digital capabilities, offering, and competitive positioning.

Dr. Reddy's Laboratories has launched Vigabatrin tablets, an antiepileptic drug, in the US market. The company has launched the drug in the American market after receiving approval from the US Food and Drug Administration (USFDA). This product has been designated as a Competitive Generic Therapy (CGT) by the FDA. With a CGT designation, the company has a 180-day CGT exclusivity to market this product.

Tata Consumer Products has entered into share purchase agreements (SPAs) and a share purchase and investment agreement (SPIA) with the existing promoters and shareholders of Kottaram Agro Foods (Target Company) to acquire 100% of the equity share capital of the Target Company.  The Target Company is engaged in the business of breakfast cereals and millet-based snacks under the trademark ‘Soulfull’. The said acquisition is subject to the fulfilment of various terms and conditions as specified in the SPAs and the SPIA.

Mahindra & Mahindra (M&M) has launched compact SUV XUV 300 with automatic transmission. The company has introduced Petrol AutoSHIFT, its auto transmission technology, on the top variant of the model. The trim will also come equipped with the all-new BlueSense Plus connected technology. The electric sunroof on the model will now be offered from mid variant onwards on both manual and automatic versions.

JK Tyre & Industries has inked a memorandum of understanding (MoU) with National Automotive Test Tracks (NATRAX) to develop a test track at Pithampur in Madhya Pradesh. NATRAX is one of the automotive testing and certification centres under NATRIP, a flagship project of the Ministry of Heavy Industries. The Pithampur track will be used to test the safety aspect of tyres. It would be testing its future range of products at the facility upon its completion.

Dhanuka Agritech’s board has approved the setting up of a plant for technical manufacturing of Pesticides, i.e., backward integration process, at Dahej, Gujarat. The company has a plot of approximately 1,37,000 square meters at Dahej, Gujarat which was acquired in 2013. The setting up of this unit will involve an investment outlay of approximately Rs 200 crore initially, which will be managed from internal accruals of the company.

Shahlon Silk Industries is expanding its geographical reach to cater to more markets as the demand for textile products showing excellent strength in both domestic and international markets led by increasing demand for fashion and furnishing products. After expanding its geographical base, the company exports its products to 15 countries like United States, Europe, Middle East, Africa, Belgium, Egypt, Jordan, North Africa, Thailand, Turkey, Sri Lanka, Bangladesh and Korea.