Companies News

Maruti Suzuki to invest Rs 18,000 crore for new Haryana plant: Report

Maruti Suzuki to invest Rs 18,000 crore for new Haryana plant: Report

Chandigarh: The Carmaker giant, Maruti Suzuki, plans to execute country’s largest single-location automobile investment of up to Rs 18,000 crore for a new factory in Haryana to make a peak million units annually, the company’s chairman R C Bhargava told media. The greenfield location — which may be spread over

ED issues show-cause notice to crypto exchange WazirX’s directors: Report

ED issues show-cause notice to crypto exchange WazirX’s directors: Report

NewDelhi: The Enforcement Directorate (ED) on Friday issued a show-cause notice to cryptocurrency exchange WazirX and its directors Nischal Shetty and Sameer Mhatre for allegedly violating money laundering guidelines in connection with transactions worth Rs 2,790.74 crore. The notices were issued under the Foreign Exchange Management Act (FEMA), 1999, after

Cipla launches RT-PCR test kit ‘ViraGen’ for Covid-19 testing in India

Cipla launches RT-PCR test kit ‘ViraGen’ for Covid-19 testing in India

New Delhi: Indian pharmaceutical giant, Cipla, on Thursday announced the commercialisation of its RT-PCR test kit ‘ViraGen’ for COVID-19 testing in partnership with Ubio Biotechnology Systems. The company will commence supply of the COVID-19 virus detection kit from May 25, 2021. “This launch will help address the current testing services

Hester Biosciences in talks with Bharat Biotech for tech transfer of ‘Covaxin’

Hester Biosciences in talks with Bharat Biotech for tech transfer of ‘Covaxin’

New Delhi: Hester Biosciences is reportedly in discussions with Bharat Biotech for technology transfer to produce ‘Covaxin’ is underway. Ahmedabad-based Hester is into animal and poultry vaccines. “A triparty consortium has been formed with the Government of Gujarat as the lead partner, to explore the prospects of manufacturing the Covid vaccine