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GHCL issues commercial paper worth Rs 25 crore
12 Dec 16:27

GHCL has placed the Commercial Paper (CP) amounting to Rs 25 crore on December 12, 2019, having maturity on March 11, 2020. The said CP is a part of Rs 100 crore limit as approved by the committee of board of directors of the company in their meeting held on December 9, 2019 and shall be part of the existing working capital limit.GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products.

Hikal gets EIR for pharmaceutical facility in Panoli
12 Dec 16:03

Hikal has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its pharmaceutical manufacturing facility in Panoli in Gujarat. The five-day detailed inspection was carried out during the period September 09, 2019 - September 13, 2019. The inspection confirmed the site to be compliant with the principles and guidelines of Current Good Manufacturing Practices (CGMP).The inspection concluded with `Zero` 483 observations from the auditors. The establishment inspection report received on December 12, 2019 has classified the facility under NAI (No Action Indicated) for CGMP compliance.Hikal is engaged in R&D, manufacturing and marketing of fine chemicals for the Pharmaceutical and Agrochemical industries.

Mindtree wins IDC Insights Award for excellence in operations for its IT infrastructure services
12 Dec 15:35

Mindtree has received an IDC Insights Award for Excellence in Operations for its IT infrastructure services. The award cites Mindtree’s MWatch platform, which enables the delivery of consistent and optimized infrastructure operations services through automation.  The IDC Insights Awards, in its sixth year, acknowledges the achievements of CIOs and IT leaders in three categories: Excellence in Omni-Experience, Excellence in Operations and Excellence in Data Intelligence. Mindtree’s win in the Excellence in Operations category indicates that the MWatch platform has demonstrated sustainable and measurable improvements in key performance metrics, such as operational efficiency or employee productivity.  Mindtree delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition.

Tata Power ranks among top 10 companies in Indian Corporate Governance Scorecard
12 Dec 15:16

Tata Power has been ranked among the top 10 companies in this year’s Indian Corporate Governance Scorecard, which is developed jointly by BSE, the International Finance Corporation (IFC) and Institutional Investor Advisory Services India (IiAS), with the financial support of the Government of Japan. The company made it into the top 10 list for the first time. This is also the first time that the company has entered in the ‘Leadership’ category, which features six companies with the highest scores. The company has made it directly to the ‘Leadership’ category, showing immense growth in the governance scores.Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Godrej Properties adds 4 new projects in MMR, Bengaluru
12 Dec 14:49

Godrej Properties has added four new projects in Mumbai Metropolitan Region (MMR) and Bengaluru comprising 12.7 million square feet of developable area. The company has added three new projects at Navi Mumbai, Ambernath, and Thane in MMR and one new project in North Bengaluru. These new projects will add approximately 1.18 million square metres (12.70 million square feet) to its development portfolio.Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.