BHEL, Wipro and Sun Pharma to see some action today

Bharat Heavy Electricals (BHEL) has bagged an order worth Rs 10,800 crore from NPCIL for EPC of Turbine Island for 6 units of 700 MWe. The six orders, received on August 30, 2021, envisage setting up of four units of 700 MWe at Gorakhpur, Haryana, and two units of 700 MWe at Kaiga, Karnataka.

Wipro has partnered with HERE Technologies to offer location-based services, to customers from energy and utilities, manufacturing, transport and Logistics, telecom, and automotive industry verticals. An Internet of Things (IoT)-based smart metering solution being developed by both companies, will provide better information to customers on energy consumption and asset management.

Sun Pharmaceutical Industries has the exclusive right to commercialize Winlevi in the US and Canada. Cassiopea will be the exclusive supplier of the product, which is expected to be available in the US in the fourth quarter of 2021. The expiration of the applicable waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) clears the path for making Winlevi available to patients and healthcare providers in the US and Canada.

Amara Raja Batteries has completed the acquisition of 11.36% stake in Log 9 Materials Scientific on August 30, 2021. The company’s investment is a part of the bold ‘Energy & Mobility’ strategy announced by the Company in June this year, which focuses on entering into new green technologies and solutions. These initiatives will include expansion and investment that will help the Company maintain technological and business leadership in the ‘Energy & Mobility’ space, apart from creating new growth avenues.

Shilpa Medicare has received Drugs Controller General of India (DCGI) approval for ‘2-Deoxy2-Glucose’ (Bulk & Oral Powder). The bulk is manufactured by Shilpa Medicare, API facility in Raichur,' Karnataka. The Oral Powder is manufactured by its subsidiary, Shilpa Therapeutics, facility in Hyderabad, Telangana. 2-Deoxy-2-Glucose Oral Powder is approved for the treatment of adjunct therapy in moderate to severe COVID-19 patients. The product will be available with a brand name '2-DGSHIL'.

TVS Srichakra has forayed into the Indonesian market, with the Eurogrip range of tyres, in its bid to strategically build a strong presence in the Southeast Asian nation. The first product line to be launched is ''Eurogrip Bee City'' – a range of two-wheeler tyres completely customized to suit the needs of Indonesian riders' urban lifestyle and road conditions.

Digispice Technologies’ subsidiary company -- Spice Money has entered into a joint venture with Tarya group, Israel’s leading fintech player with 70% P2P market-share in Israel, to bring Bharat to the fore of the ongoing data-led digital revolution by launching a lend-tech platform targeted towards rural India. The synergy between Tarya Fintech and Spice Money will lead to the creation of an innovative, agile, assisted and technologically superior digital lending platform.