Cipla and Roche Pharma India announced that the two companies have entered in to an agreement under which Cipla will promote and distribute tocilizumab (Actemra) and Syndyma, the 2nd brand of Roche's cancer therapy, bevacizumab (Avastin) in India. This partnership is in line with Cipla and Roche's efforts to improve healthcare and increase access to innovative, life-changing medicines in India, particularly to patients who currently do not have access to them. The announcement was made after market hours yesterday, 27 February 2018.
Umang Vohra, MD & Global CEO Cipla said that the prevalence of cancer and rheumatoid arthritis is widely spread across India, and Cipla can contribute to provide broader access to innovative medicines like tocilizumab and bevacizumab.
Tata Consultancy Services announced that Bank Muscat, the flagship financial services provider in the Sultanate of Oman, has gone live with TCS BaNCS Universal Banking for its fund and investment banking operations. This deployment is a strategic upgrade to its earlier platform solution and will provide extensive capabilities for multiple asset classes such as funds, equities, fixed income and money markets. The announcement was made after market hours yesterday, 27 February 2018.
TCS Financial Solutions has been a strategic partner of Bank Muscat for the past 15 years and TCS BaNCS' advanced breadth and depth of this additional functionality will position the bank for higher growth and operational efficiency. This TCS BaNCS' upgrade will optimize the Bank's operational efficiency and processes. The new solution will both enhance workflows and reduce time taken on fund and investment banking operations.
Spice Mobility said that Spice Labs, a step down subsidiary of the company, has divested its entire stake in Exponentially I Mobility, a Limited Liability Partnership (LLP). Consequent to this disinvestment, Spice Labs, ceased to be a partner in the said LLP. The announcement was made after market hours yesterday, 27 February 2018.
Tata Communications, the official connectivity provider to Formula 1, is powering the new F1 TV mobile app, which will transform how people are able to watch and engage with the sport. Starting with the 2018 season, Formula 1 will use the app to deliver the action live from every race to fans directly, and expand its reach to new audiences. The announcement was made after market hours yesterday, 27 February 2018.
Indiabulls Housing Finance said that the bond issue committee of the board of directors of the company approved, the final terms and conditions of issue of Rs 315 crore Social Affordable Housing Masala Bonds. The bonds mature in February 2021 and have a yield of 7.8%. The announcement was made after market hours yesterday, 27 February 2018.
ABC India said that it has been awarded an order of Rs 141.93 crore from BHEL for multimodal transportation of export project cargo from India to the MSTPP Rampal project in Bangladesh. The announcement was made after market hours yesterday, 27 February 2018.
Shriram Transport Finance Company said that it is considering raising of funds through various options of borrowings including by way of issue of securities in onshore/offshore market on public / private placement basis. Based on the market conditions the meeting(s) of Banking and Finance Committee/Debt Issuance Committee will be held during the month of March 2018 to consider and approve the terms and conditions of such borrowings. The announcement was made after market hours yesterday, 27 February 2018.
Kridhan Infra announced that it has completed the acquisition of 31.5% stake in Vijay Nirman Company. The company has allotted 76.79 lakh equity shares to the institutional shareholders of VNC on preferential basis and all the required approvals are received from BSE and NSE. After this acquisition the VNC has become an associate company of KIL. The company had also signed an SSA for increasing its stake to 50.5% and the process is on to complete that transaction. The announcement was made after market hours yesterday, 27 February 2018.
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