JB Chemicals, Dilip Buildcon and Torrent Pharmaceuticals to see some action today

15 Dec 2022 Evaluate

JB Chemicals & Pharmaceuticals has entered into an agreement with Glenmark Pharmaceuticals Ltd to acquire the Razel (Rousvastatin) franchise for the India and Nepal region. The transaction is expected to be closed within next two weeks subject to customary closing formalities.

Dilip Buildcon through RBL-DBL Joint Venture (JV) has executed a contract agreement with the Gujarat Metro Rail Corporation (GMRC) on December 13, 2022 for Construction of 10.559 Km Elevated Viaduct and 11 Nos. Stations (Excl. E&M, Architectural Finishing and Roofing) from Bheshan Dead End (Ch. -949.63m) to Majura Gate Station (Ch. 9090m) including Viaduct Ramp to depot entry near Bheshan for Surat Metro Rail Project Phase - 1, Corridor - 2 (Package 1) (Pkg-CS-5). The project cost is Rs 1061 crore with completion period of 26 months.

Torrent Pharmaceuticals has entered into a strategic alliance with Boehringer Ingelheim India (BI India) to co-market Cospiaq (Empagliflozin), Cospiaq Met (Empagliflozin+ Metformin) and Xilingio (Empagliflozin+ Linagliptin) in India. Empagliflozin is a novel sodium glucose co-transporter-2 (SGLT-2) inhibitor, which is useful for improving glycaemic control in adults with type-2 diabetes mellitus.

Kerala Ayurveda (KAL) has received its first patent from The United States Patent and Trademark Office (USPTO) for a uniquely processed proprietary herbal formulation, inspired from ancient ayurvedic wisdom. The product has been extensively studied through the rigors of modern scientific validation through Phytochemical & Marker Analysis, Extensive pre-clinical at Renovel Discoveries Inc. in the United States and pharma rigour double-blind placebo-controlled clinical study at the well-known Banaras Hindu University (BHU) in India.

IRIS Business Services has received Letter of Intent from the Royal Monetary Authority of Bhutan. The contract is for providing consulting services for the implementation of a Data Warehousing and Analytics Platform. Earlier, the Company had launched Office 365-based disclosure management module.

Cineline India has opened first flagship 7 screen multiplex at ‘AMR Planet Mall’ situated at Hyderabad, Telangana, India with a capacity of 1,535 seats. With this launch, MovieMax has now augmented its presence in the city of Hyderabad with 7 screens and with a total of 49 operational screens across 15 properties in 8 cities in India.

Tamilnad Mercantile Bank (TMB), one of the premier scheduled commercial Banks, with a view to offer customer-centric choices in every product, has executed the agreement for marketing the General Insurance Products under the tie-up arrangement with Kotak Mahindra General Insurance Company.


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