Dr. Reddy’s Laboratories just spilled the beans that the United States Food & Drug Administration (USFDA) paid a visit to its API Middleburgh facility in New York. The inspection went down from May 12, 2025, to May 16, 2025. Now, here’s the juicy part – the company got a Form 483 with two observations. They’re on a tight schedule to fix those observations up real quick.
KSB hit the jackpot with a letter of award (LoA) under PM-Kusum Scheme’s Component B. They’re looking at a sweet deal of around Rs 25.34 crore for 1161 solar water pumping systems from New & Renewable Energy Department Haryana & HAREDA. If all goes well, they’ll be rolling out the products/services for these orders in Q2FY2025. Fingers crossed!
EIH Associated Hotels got the green light for a shiny new banquet facility at Trident, Agra. They’re planning to deck it out for some top-notch banquet functions. The investment needed to make this dream a reality is estimated at ₹29 crore. Keep your eyes peeled, it’s expected to be up and running by November 2026.
RPP Infra Projects is on fire with a new project in the works – PACKAGE-B: Supply of Factory Finished Fabricated Structure of Boiler at Koderma in Jharkhand. The price tag on this bad boy is ₹154.43 crore. They’re looking to wrap up the project within 17 months. It’s all systems go for them!
Bharat Electronics Ltd (BEL) is making moves with additional orders worth ₹572 crore in their pocket. Since their last order on April 7, 2025, they’ve been scoring big with contracts for cutting-edge defence equipment. Integrated drone detection and interdiction system (IDDIS), software-defined radio (SDR), and data communication unit (DCU) for attack guns are just some of the goodies they’re bringing to the table. Keep an eye on them!
Lumax Auto Technologies Ltd is going all-in with the acquisition of the remaining 25 per cent stake in IAC International Automotive India Pvt Ltd. They’re shelling out ₹221 crore to seal the deal. The IAC Group will still be in the picture, supporting IAC India through a technology support agreement. It’s all about growth and partnerships for them!
The oil regulator is shaking things up by making it mandatory for companies to get the green light before setting up new liquefied natural gas (LNG) import terminals or expanding existing ones. The Petroleum and Natural Gas Regulatory Board (PNGRB) is all about keeping things in check with their Registration for Establishing and Operating Liquefied Natural Gas Terminal Regulations, 2025. It’s a balancing act between competition, oversight, and investments. Let’s see how this plays out!
KEC International is making waves with transmission and Distribution (T&D) projects worth Rs 1,133 crore in India. Power Grid Corporation of India Ltd (PGCIL) is throwing some work their way with an 800 kV HVDC Transmission line and a 765 kV GIS Substation. On the other hand, a private developer is lining up a 400 kV Quad Transmission line project for them. It’s all hands on deck for KEC International!
Sapphire Media Limited is making headlines with the acquisition of debt-ridden Reliance Broadcast Network, the proud owner of Big FM 92.7. It’s been a long road for Reliance Broadcast Network Ltd (RBNL), but things are looking up with this acquisition. Sapphire Media is ready to take the reins and steer the ship in a new direction.
Brigade Enterprises is on a roll with properties worth Rs 7,847 crore flying off the shelves last fiscal year. The demand for their residential properties has been off the charts! They’re seeing a 31 per cent increase in sales, and it’s all thanks to the love for their properties. Keep the momentum going, Brigade Enterprises!
Sajjan Jindal Family Trust is playing by the rules and divesting a 2 per cent stake in JSW Infrastructure for Rs 1,210 crore. They’re following market regulator SEBI’s minimum public shareholding (MPS) norms to a T. The Singapore government is also jumping in on the action with an additional 1.84 crore shares in JSW Infrastructure. It’s all about staying in line with the regulations!
Newgen Software is hitting the jackpot with a patent for inventing the ‘System and Method for Data Compression.’ This patent is a game-changer for industries dealing with high volumes of structured documents, forms, or system-generated reports. It’s all about saving storage costs and speeding up data handling. Kudos to Newgen Software for this innovative breakthrough!
Quality Power Electrical Equipments is in for a wild ride with a significant four-year framework agreement with a leading Israeli company. They’re looking at a sweet deal for the phased supply of 161kV high-voltage coil products valued at Rs 20 Cr. The contract kicks off in the third quarter of FY 2025-26 and runs through FY 2029-30. It’s all systems go for them!
Univastu India is making moves with a work order worth Rs 244.31 crore from the Divisional Sports Complex Committee, Jalgaon. They’re gearing up to construct the divisional sports complex in Jalgaon district. The clock is ticking, and they’ve got 36 months to get the job done. It’s all about teamwork and dedication for Univastu India!