Dabur India, Ahluwalia Contracts and Hero MotoCorp to see some action today

Dabur India has signed definitive transaction agreements to acquire 51% shareholding of Badshah Masala, which is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings. This acquisition is in line with Dabur's strategic intent to expand its Foods business to Rs 500 crore in 3 years and expand into new adjacent categories. This also marks Dabur's entry into the over Rs 25,000 crore branded spices and seasoning market in India.

Ahluwalia Contracts (India) has secured orders for Construction work of Amity Campus Hyderabad (Telangana) from Ritnand Salved Education Foundations worth of Rs 60 crore and Construction of Civil, Structural and External Development work of Muthoot Hospital from Muthoot Hospital worth around of Rs 43 crore .

In keeping with its aggressive global expansion plans, Hero MotoCorp is set to commence its operations in the Philippines. Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive group is partnering with Hero MotoCorp in bringing its globally popular motorcycles to the country. As part of the partnership, TMC will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in Philippines. The Company will set up an assembly facility of 29,000 sq. mtrs in its existing state-of-the-art principal manufacturing facility situated in Laguna City and start its operations in the second half fiscal year 2024.

Zydus Lifesciences (formerly known as Cadila Healthcare Limited) has received final approval from the United States Food and Drug Administration (USFDA) to market Micafungin for Injection, 50 mg/vial and 100 mg/vial, single-dose vials. Micafungin for Injection is indicated to treat variety of fungal infections. It is also used to prevent fungal infections in patients who are having a stem cell transplant. The drug will be manufactured at the group's injectable manufacturing facility at Jarod, near Vadodara, India.

A F Enterprises have been qualified as L1 Bidder and has received work order from MP State Agro Industries Corporation Limited RCO for manufacturing and supply of Plastic Crates and Trays (ISI Marked) (IS 15532 2004) against tender reference no. HO/HORTI/2022-23/2939 Dated 22-09-2022.

Glenmark Pharmaceuticals had earlier announced about the continuation of Official Action Indicated (OAI) status of the Company's Baddi (India) manufacturing facility by US FDA following the US FDA inspection conducted in June 2022. The US FDA has now placed the Baddi (India) facility under import alert 66-40. The US revenues from products supplied from this facility contributed to 1-2% of FY22 total revenues for the Company. The Company will engage with the agency to resolve the import alert at the earliest. The Company is committed to maintaining the highest quality and compliant manufacturing standards at all of its facilities across the globe.

TCI Finance has defaulted in payment of EMI of the term loan of HDFC for the month of October 25, 2022 for Rs 1712854 and Rs 1712931.