Page 166 - B2B Connect

Elgi Rubber buys US-based Cincinnati Retread Systems

With this acquisition, Elgi Rubber aims to further expand its footprint in the tyre and automotive market of the US

DSM and Ascend form alliance for supply of polyamide 66 compounds

As per the pact, Ascend becomes the strategic supplier to DSM for PA66 base-polymer, while DSM will distribute Ascend's portfolio of PA66 compounds

AstraZeneca to set up $285-mn biologics facility in Sweden

The new facility, which will focus on filling and packaging of protein therapeutics, will supply medicines for clinical trial programmes of AstraZeneca and MedImmune

Endo to acquire Par Pharma for $8 bn

The combination will create a specialty pharmaceutical company with one of industry's fastest growing generics businesses

Bio Innovation Centre opened at Tiruvananthapuram

Under 'Make in India', biotechnology to grow to $ 100 billion by 2025, says Dr Harsh Vardhan

Patent Office rejects Novartis' patent claim on diabetes drug

The company was refused a patent for a modified release formulation of its diabetes drug, Vildagliptin, which it markets under the brand name of Galvus

Strong IPR regime can only entice companies to invest in India: Swiss minister

Johann Schneider Ammann, Swiss economic affairs minister, urges Indian government to remove the difficulties faced by pharma companies in testing and marketing facilities

Dr Reddy's launches stroke drug Somazina

With the launch of Somazina and its recent acquisition of Nootropil, through the UCB brands' acquisition, the company is looking to consolidate its presence in neurology segment

Strides Arcolab receives US FDA approval for HIV drug

The Bangalore based drug manufacturer has received approval for lamivudine and zidovudine tablets USP, 150 mg/ 300 mg

India & Mongolia to ink pact for alternative medicines

The government has also extended the tenure of the MoU signed between India and China on cooperation in traditional medicine

Chemical industry's perspective on 'Make in India': Sudhir Shenoy

India offers huge market for chemical companies. But, to achieve the goals of 'Make in India' initiative, the government has to create favourable conditions for global and local firms to invest in man

Deepak Nitrite forms subsidiary for phenol project in Gujarat

The company is setting up the project, with a capital outlay of around Rs 1,200 crores, for manufacturing 200,000 MTPA of phenol and 120,000 MTPA of acetone (a co-product)

GMR Energy's power plants to receive subsidised gas

The company's two plants emerged as successful bidders through an online reverse auction process organised by Ministry of Power for the stranded gas power plants

Man Industries bags Rs 510 cr export orders

With these new orders, the company's outstanding executable order book as on date stands at approximately Rs 1300 crores

Motherson Sumi aims for $18 bn revenues in 2020

For fiscal year 2014-15, MSSL reported consolidated revenues of Rs 34,490 crore compared to Rs 30,358 crore in 2013-14

Opto Circuits launches automated external defibrillator in US and Canada

The company's Powerheart G5 is first FDA-cleared AED to combine fully auto shock delivery, fast shock times, and dual-language functionality

ReNew Power awards 90MW order to Suzlon

Suzlon will install 43 wind turbine generators of S97 120m hybrid tower with rated capacity of 2.1 MW each in Ratlam district, Madhya Pradesh (MP)

Dr Reddy's Satish Reddy to head National Safety Council

He will over the chairmanship from Venu Srinivasan - chairman of Sundaram-Clayton Group which includes TVS Motor Company - who steered the workings of the council since July 2011

SKF inks bearing supply pact with ReGen Powertech

As part of the agreement, SKF will supply pitch and yaw bearings and mainshaft bearings for ReGen's 1.5 MW wind turbines

Bloomberg Philanthropies to be knowledge partner for smart cities mission

BP to help the UD ministry for selecting the cities for financing under the Smart Cities Mission of the Government