Today’s Business Deals, Company Expansions and Stake Acquisitions – 11Th Feb
Glenmark Pharma gets USFDA nod for drug for patients on dialysis
“Glenmark Pharmaceuticals Inc, USA (Glenmark) has been granted final approval by the United States Food and Drug Administration (USFDA) for Sevelamer Hydrochloride tablets in the strengths of 400 mg and 800 mg,” the company said in a BSE filing.
Engineers India Ltd wins consultancy contract for Mangolia refinery
Engineers India Ltd and the Mongolian government through Mongol Refinery State Owned LLC signed a Memorandum of Understanding on February 10 on the sidelines of the Petrotech conference in the outskirts of Delhi.
TCS partners with JDA Software to develop cognitive supply chain solutions
Tata Consultancy Services (TCS) announced a global partnership with JDA Software, the leading provider of end-to-end supply chain and retail solutions, to build next-generation cognitive solutions, and offer consulting and system integration services around digital technologies, to optimize supply chains for customers worldwide.
The partnership will leverage the TCS Business 4.0™ thought leadership framework and JDA luminate™ solutions portfolio to develop joint, interoperable technology solutions for supply chains of the future. These solutions will use TCS’ Machine-First™ Delivery Model to accelerate human-machine collaboration to solve complex business problems, faster and better, delivering multi-fold productivity improvements and transforming customer experience.
Through these solutions, enterprises can harness the power of cloud, AI and Ml, allowing them to gain complete supply chain visibility and receive prescriptive recommendations to make accurate, profitable business decisions. Businesses will benefit from real-time predictive analytics and cloud-driven business models that help realize outcome-based supply chain transformations.
TCS will establish an end-to-end Cognitive Supply Chain lab at its Business Solutions lab in Cincinnati, Ohio, USA to develop quick proofs of concept.
At 11.31 am, Tata Consultancy Services was trading at Rs. 2085.95, up by 1.12%, with a volume of 0.31 lakh shares on the BSE.
Amazon-Future Group deal in limbo
E-commerce giant Amazon has put its plan to buy stake in Kishore Biyani’s Future Group on hold, Business Standard reported. In November, Amazon, through its investment arm, had reportedly signed a term sheet to buy a 9.5% stake in Future Retail for about Rs.2,500 crore. The report also said, Amazon was reassessing the More retail chain stake buy given India’s uncertain retail climate. In September, it announced acquiring a stake in More supermarkets from Aditya Birla Retail through Witzig Advisory Services along with co-investor Samara Capital.
Reliance ups stake in Future101, Genesis Colors
Reliance Brands Ltd (RBL), a subsidiary Reliance Industries Ltd, has acquired a further 2.5% stake in Future101 Design Pvt Ltd (Future101) for a consideration of Rs.1.99 crore, said RIL in a BSE filing. The company now holds a 15 per cent stake in Future101. RIL’s another subsidiary Reliance Retail Ventures Ltd (RRVL) has acquired additional 9.44 per cent stake in Genesis Colors Ltd (GCL) for a consideration of Rs 45 crore taking its total stake in GCL to 29.07%.
KPR Mill to expand its production at existing unit
KPR Mill is adding another 10 million Garment capacity in its existing facility and also expanding Processing capacity to match the increased Garments’ requirements.
With this the total capacity is increased to 115 Million Garments per annum and the Processing to 22,000 MT per annum.
At 11.02 am, KPR Mill was trading at Rs. 529.25, up by 0.19%, with a volume of 288 lakh shares on the BSE.
⇓ Subscribe with your email to get new updates[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]