RACL Geartech has signed a strategic nomination with ZF Rane (a ZF Group Company). This collaboration is focused on the development and supply of critical components, including ring gears, sun gears, drive gears, and planetary gear assemblies for Electric Power Steering (EPS) systems in the passenger car segment. The proposed project is to supply steering system tailored to the requirements of a leading American passenger car OEM, for their pickup truck platform.
Allied Digital Services, a global leader in IT services and a renowned Master System Integrator (MSI), has been awarded a project by Maharashtra State Electricity Transmission Company (MSETCL) to upgrade and modernize its network through the implementation of Software-Defined Wide Area Network (SD-WAN). As part of this initiative, Allied Digital will deploy a cutting-edge SD-WAN solution across MSETCL’s offices, extending to the Division Office level, ensuring a high-performance, reliable, and consistent network infrastructure.
Somany Ceramics has received approval for investment of upto Rs 10.50 crore in Dura Build Care (DBCPL) by way of acquisition of upto 52% equity shares in DBCPL. Post this acquisition, DBCPL will become subsidiary of the Company. The Board of Directors of the company at their meeting held on February 6, 2025, have inter-alia, considered and approved the same.
Meson Valves India has received purchase order from reputed client of Oil & Gas, Chemical/Petrochemical, Water and Wastewater, Power, Food and Beverages, Refineries and General Industrial Applications, Pulp & Paper, Steel, Agriculture. Total order value is Rs 31.61 crore (around $3.60 million).
Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), has launched Nippon India Active Momentum Fund an open-ended equity scheme that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments. Nippon India Active Momentum Fund will employ a multi factor quantitative model aimed at identifying high-potential investment opportunities for long-term capital appreciation while managing volatility and adapting to market cycles.
JNK India has received an order from JNK Global, Korea on February 6, 2025 for Residual Engineering, Procurement, Fabrication, Supply, and transportation till FOB (Mundra Port, India), and assistance on per diem basis for Erection, Commissioning, and witness of Performance Tests for Treating Heater, Isomerization Combined Feed Heater, and Product Fractionator Reboiler Heater for Pengerang Biorefinery Sdn. Bhd.’s Biorefinery project, Malaysia. The order is to be executed by April 9, 2026 (Delivery on FOB, Mundra Port).
Equillium, Inc., and Biocon have announced positive topline results from the Phase 2 study evaluating itolizumab in the treatment of moderate to severe ulcerative colitis (UC). The double-blinded, placebo- and active-controlled Phase 2 clinical study evaluated the safety and efficacy of itolizumab in biologic-naive patients with moderate to severe active UC. A total of 90 patients were randomized 1:1:1 to receive itolizumab (fixed dose of 140 mg), placebo, or adalimumab (a global standard of care biologic treatment used as an active control) every two weeks for an initial 12-week treatment period.
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