Alkem Laboratories, SBC Exports and Ujjivan Small Finance Bank to see some action today

Alkem Laboratories has launched for the first time in India, triple drug fixed dose combination (FDC) of Dapagliflozin, Sitagliptin and Metformin under the brand name of Dapanorm Trio at an affordable price for adults with Type 2 Diabetes in India.

SBC Exports has been awarded Four Work Orders for providing Office Support, Project Management Support and Rollout Services by National Informatics Centre Services Incorporated (NICSI), New Delhi. The aggregate purchase order cost of the said Work-Orders is Rs 39.38 lakh.

Ujjivan Small Finance Bank has posted 45% growth in total deposits at Rs 20,389 crore for the second quarter ended September 30, 2022 (Q2FY23) as compared to Rs 14,090 crore in Q2FY22. On a quarterly basis, the deposits were up 11% from Rs 18,449 crore as of June 2022. The disbursements for the quarter increased 56% to Rs 4,867 crore, from Rs 3,122 crore in July-September quarter of FY22.

Quess Corp has received approval to divest 53% stake in its subsidiary -- Simpliance Technologies. The enterprise value of 100% in Simpliance is agreed at Rs 120 crore (on a cash free, debt free basis and assuming normalized working capital levels). Quess currently holds 53% shares in Simpliance and will accordingly receive proportionate consideration. The consideration to be paid to Quess will be subject to applicable taxes.

Manali Petrochemical has received environmental clearance from Ministry of Environment, Forest, and Climate Change, Government of India for the project for augmentation of Propylene Glycol capacity in Plant 2 of the company. The said project would be implemented in two phases and the first phase would be completed within 18-21 months of receipt of the other regulatory approvals, such as Consent To Establish from the State Pollution Control Board.

Poonawalla Fincorp’s total disbursements rose by 44 per cent during the second quarter of the current fiscal. Total disbursements were Rs 3,720 crore on a consolidated basis in the year-ago quarter. Sequentially, disbursements rose by 8 per cent in the July-September quarter. Of the total disbursements during Q2FY23, organic disbursements contributed to about 97 per cent as against 80 per cent in Q1FY23.

HCL Technologies (HCLTech), a leading global technology company, and Google Cloud have announced a significant expansion of their long-standing partnership, with new capabilities and service offerings to expedite enterprise migration to Google Cloud. HCLTech, a strategic partner of Google Cloud, formed the dedicated Google Cloud Ecosystem Unit in 2019 to accelerate enterprise cloud adoption by helping enterprise customers plan and execute large-scale migrations. The two companies are now expanding their partnership to significantly scale HCLTech's capacity to support digital transformation and deliver critical migration, legacy system modernizations and professional services for enterprise customers.