Thursday , 18 July 2019
Breaking News

Tag Archives: agreement

United Credit renews agreement with C B Management Services

United Credit has renewed existing agreement with C B Management Services (P), Kolkata for a further period of three years with effect from August 01, 2019. United Credit is a Non-Banking Financial Company registered with Reserve Bank of India. Its main business is hire purchase, leasing and other financial services. However, it has started diversifying into other areas. WhatsApp Facebook ... Read More »

Torrent, Glenmark sign licensing agreement for co-marketing of Remogliflozin Etaboriate in India

Torrent Pharmaceuticals (Torrent) and Glenmark Pharmaceuticals (Glenmark) have entered into a non-exclusive sub-licensing agreement to co-market sodium glucose co-transporter-2 (SGLT2) inhibitor, Remogliflozin Etabonate (Remogliflozin) in India. Under the terms of the agreement, Glenmark will receive license fees and royalties for the non-exclusive sub-license rights from Torrent. Glenmark will manufacture and supply Remogliflozin, while Torrent will market the drug under its ... Read More »

KPI Global Infrastructure inks agreement with Super Deluxe Paper Mills

KPI Global Infrastructure has signed Power Purchase Agreement (PPA) with Super Deluxe Paper Mills, Vapi for sale of 1 MW solar power for a period of 15 years under the category of Independent Power Producer (IPP). KPI Global Infrastructure is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand ... Read More »

GMR Infrastructure soars on signing agreement with Adani Power

GMR Infrastructure is currently trading at Rs. 15.59, up by 0.45 points or 2.97% from its previous closing of Rs. 15.14 on the BSE. The scrip opened at Rs. 15.85 and has touched a high and low of Rs. 15.90 and Rs. 15.49 respectively. So far 170680 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

MSTC rises on signing agreement with UPRVUNL

MSTC is currently trading at Rs. 87.40, up by 1.10 points or 1.27% from its previous closing of Rs. 86.30 on the BSE. The scrip opened at Rs. 84.85 and has touched a high and low of Rs. 87.40 and Rs. 84.20 respectively. The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. ... Read More »

India signs agreement with World Bank to eliminate TB

In India, around five lakh people died every year due to Tuberculosis. Finance Ministry said the World Bank supported program will cover nine States and it will support the government’s National Strategic Plan to end TB in India by 2025. The Program will provide financial incentives to private sector care providers for reporting cases of TB and ensuring that their patients ... Read More »

Sandhar Technologies signs JV agreement with Winnercom Company

Sandhar Technologies (STL) has signed a Joint Venture (JV) Agreement with Winnercom Company, Republic of Korea. The joint venture is being established for manufacturing and selling, electronic parts and accessories for the automotive industries in India which would include Shark fin antenna and micro pole antenna etc. and catering to the four-wheeler segment. The company will hold 50% of total ... Read More »

CEAT enters into agreement with E-Fleet Systems

CEAT has entered into Share Subscription and Shareholders’ agreement with E-Fleet Systems for making investment of not exceeding Rs 4 crore in E-Fleet. The company is investing in the business of E-Fleet to develop a stronger relationship with E-Fleet through which it can offer its application to its fleet customers who are more and more looking for a comprehensive technology ... Read More »

Dr. Reddy’s Lab enters into definitive agreement with Upsher-Smith Laboratories, LLC

Dr. Reddy’s Laboratories has entered into a definitive asset purchase agreement with Upsher-Smith Laboratories, LLC (Upsher-Smith), pursuant to which the company would sell its US and select territory rights for Zembrace Symtouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg, (formerly referred to as ‘DFN-02’), which are commercialized through its wholly owned subsidiary, Promius Pharma, LLC. Under ... Read More »

Atul terminates JV agreement with Elkay

Atul has terminated Joint Venture (JV) Agreement with Elkay Kimyasal Maddeler SAN. TIC. A.S. based in Turkey (Elkay). Earlier, the company had signed agreement on March 2012 with Elkay for promoting stone care chemicals in India. Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. WhatsApp Facebook Twitter Download Udaipur ... Read More »

3M India enters into agreement with Castrol India

3M India has entered into a strategic Collaboration Agreement with Castrol India. Under this Agreement, a range of 3M-Castrol branded vehicle care products will be introduced for the Automotive After-Market. 3M is fundamentally a science-based company. They produce thousands of imaginative products, and are a leader in scores of markets – from health care and highway safety to office products ... Read More »

Nelco enters into agreement with DTS Corporation to sell stake

Nelco has entered into share purchase & sale agreement with DTS Corporation, Japan for sale of its entire Investment to the extent of 253,665 shares representing 12.30% in Nelito Systems at a consideration of Rs.6.78 crore. The agreement was signed on 29th May, 2019. Nelco was established in 1940 and is a part of the leading business house – the ... Read More »

International Paper APPM’s promoters enter into agreement with West Coast Paper Mills

International Paper APPM’s Promoters namely International Paper Investments (Luxembourg) S.a.r.l. and IP International Holdings Inc. (Sellers) have executed a Share Purchase Agreement (SPA) on May 29, 2019 with West Coast Paper Mills. Luxembourg and IP International Holdings Inc. hold 21,856,033 equity shares of Rs 10 each and 7,971,496 equity shares of Rs 10 each respectively, comprising 75% of the issued ... Read More »

CESC executes agreement with Maharashtra State Electricity Distribution

CESC has executed a distribution franchisee agreement with Maharashtra State Electricity Distribution Company governing power distribution rights for Malegaon Municipal Corporation Area under Malegaon Circle in the state of Maharashtra. Malegaon Power Supply, a 100% CESC subsidiary, will undertake the distribution franchisee operations. CESC is engaged in power generation and distribution in state of West Bengal. The company is a ... Read More »

Dilip Buildcon executes EPC agreement with NHAI

Dilip Buildcon has executed the EPC Agreement with the National Highways Authority of India (NHAI) for project of Rehabilitation and Up-gradation from 2 lane to 4 lane of NH Stretch under NHDP-IVB for Varanasi– Dagamagpur (Pkg-1) Section of NH-7 on EPC Mode in the State of Uttar Pradesh and Design Chainage km 15+100 to Km 49+100 it through Engineering, Procurement ... Read More »

Omax Autos inks agreement with Hema Engineering Industries

Omax Autos has entered into an Asset Purchase Agreement with Hema Engineering Industries on May 22, 2019 for sale of its identified assets. The assets are located at Village Sidhrawali in Gurgaon and Dharuhera, district Rewari in the state of Haryana. Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and ... Read More »

Ador Multiproducts signs agreement with Amazon India

Ador Multiproducts has signed an agreement with Amazon India to create a line of premium grooming products. Business is likely to commence in Q2 of this FY 2019-20. Ador Multiproducts is a part of the Rs 500 crore ($115Mn.) Ador Group, dedicated to personal care products and is listed on BSE. WhatsApp Facebook Twitter Ador Multiproducts signs agreement with Amazon ... Read More »

Bharat Forge inks agreement to acquire 26% stake in Aeron Systems

Bharat Forge has entered into a share subscription agreement with Aeron Systems and its founders on May 21, 2019, agreeing to subscribe to 97,500 equity shares of Rs 10 each for a stake of 26%. The Subscription is agreed to be subscribed in three tranches. Aeron is engaged in the business of manufacturing of technology products such as Inertial Navigation ... Read More »

Cyient signs partnership agreement with OneStrand Inc

Cyient has signed a partnership agreement with OneStrand Inc. to offer interactive technical publication solutions. This agreement combines Cyient’s global reach and long history in authoring, illustrating, designing, and converting technical publications with OneStrand’s world leading S1000D software and technical services. The company now has the capability to deliver technical data to global customers in the aerospace, defense, and transport ... Read More »

Konkan Railways signed agreement with Nepal Railways

Konkan Railways Corporation Ltd has signed a contract agreement with Nepal’s Department of Railways to supply two 1600 HP DEMU train sets. These trains will be used to operationalise railway link between Jayanagar in India and Kurtha in Nepal. The agreement was signed in Kathmandu today in the presence of Indian Ambassador Manjeev Puri and Nepal’s Secretary, Ministry of Physical ... Read More »

Neo Infracon’s arm enters into lease agreement with Finetech Corporation

Neo Infracon’s subsidiary — New-Tech Infrastructure has entered into the lease agreement with Finetech Corporation in Phase 1 for its plot of land in village Ustane Taluka Ambernath District Thane for the period of 5 years. The physical possession as per the agreement entered will be handed over to the licensee before the end of this month and the licensor ... Read More »

UNAIDS signs agreement with Trigyn Technologies’ arm

UNAIDS has signed a non-exclusive Long-Term Agreement (LTA) with Trigyn Technologies’ wholly owned subsidiary — Trigyn Technologies Inc., for providing Open source IT services such as Drupal/PHP and Django/Python. This LTA will be for two years (May 2021). Under this LTA, Trigyn Technologies Inc. will provide onsite as well as offsite technical and function resources under fixed Price contracts as ... Read More »

Capgemini inks alliance partner agreement with Majesco

Capgemini has signed an alliance partner agreement with Majesco. In the agreement, Capgemini will bring its extensive insurance innovation, customer service and digital capabilities to implementations of the Majesco Life & Annuity (L&A) and Group Core Suite for insurance carriers in the life, annuity, group, worksite, and voluntary benefits market, helping them to achieve speed to value. Capgemini already has ... Read More »

CG Power terminates agreement with Ganz Villamossagi Zrt and Alester Holdings

CG Power and Industrial Solutions has terminated agreement with Ganz Villamossagi Zrt and Alester Holdings with effect from April 30, 2019, as certain conditions subsequent agreed to be performed between the parties have not been met. Earlier, the company had executed of Business Transfer Agreement and Share Sale and Purchase Agreement with Ganz Villamossagi Zrt and Alester Holdings with respect ... Read More »

Thomas Cook inks strategic agreement with Sentosa Development Corporation

Thomas Cook (India) has entered into a strategic agreement with Sentosa Development Corporation (SDC), Singapore to bring more tourists from India to Sentosa, a holiday island-in-the-city that is home to a diverse array of novel leisure experiences. Thomas Cook India and SDC have entered into the three-year strategic agreement to deepen the relationship between both parties, strengthen Sentosa’s position as ... Read More »

Glenmark pharmaceuticals’ arm enters into co-promotion agreement with Otonomy

Glenmark pharmaceuticals’ subsidiary — Glenmark Therapeutics Inc., USA has entered into co-promotion agreement with Otonomy, Inc. a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology. Glenmark Therapeutics is dedicated to developing and commercializing a franchise of branded products for Glenmark Pharmaceuticals and is focused in the areas of respiratory and dermatology. Ryaltris (olopatadine hydrochloride (665 mcg) and ... Read More »

IOC signs agreement with Adnoc

The UAE’s state-run oil company Abu Dhabi National Oil Company (Adnoc) has signed a long-term sales agreement with Indian Oil Corporation (IOC) for its high-quality base oil ADbase. Indian Oil will use the ADbase oils to manufacture high-end engine oils for India’s growing automotive sector. IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 ... Read More »

Speedcast International signs partnership agreement with Nelco

Speedcast International has signed a partnership agreement with Nelco to offer seamless global communications while at sea in Indian waters. In this partnership, the company will also extend to its customers Speedcast’s industry-leading products and services, which include cybersecurity, crew welfare, content solutions and data and voice applications. Under this agreement, Speedcast will integrate with the company’s network to allow ... Read More »

Agreement on most demands by protest leaders: Sudan Army rulers

Lieutenant General Shamseddine Kabbashi, spokesman of the ruling military council, told this to reporters after a meeting between the Council and the Alliance for Freedom and Change. The spokesman did not elaborate on the demands. The alliance has been demanding that the Council hand over power to a civilian administration. Agreement on most demands by protest leaders: Sudan Army rulers ... Read More »

Majesco signs agreement with Foresters Friendly Society

Mumbai : Majesco has signed an agreement with Foresters Friendly Society to deliver full, end-to-end policy lifecycle support for their digital strategy. The Society will implement Majesco’s SaaS solutions, including Life AdminPlus, Life DistributionPlus, and Life IllustratePlus, to meet their strategic business objectives. Foresters Friendly Society chose Majesco for its end-to-end capabilities that will equip the Society with future proofed ... Read More »

Subros zooms on executing definitive agreement with ZAMIL

Mumbai : Subros is currently trading at Rs. 292.55, up by 10.80 points or 3.83% from its previous closing of Rs. 281.75 on the BSE. The scrip opened at Rs. 285.75 and has touched a high and low of Rs. 294.25 and Rs. 283.70 respectively. So far 2894 shares were traded on the counter. The BSE group ‘B’ stock of ... Read More »

Sayaji Industries inks JV agreement with Societe Developpement Produits Afrique

Mumbai : Sayaji Industries has signed a joint venture (JV) agreement with Societe Developpement Produits Afrique (SDPA), France, the holding company of Alland and Robert for manufacturing of Gum Arabic/ Gum Acacia, Gum Ghatti and Gum blends. The JV will be a 50:50 venture, wherein the Company and Societe Developpement Produits Afrique will hold 50% each in Sayaji Ingritech LLP ... Read More »

Coffee Day Enterprises inks agreement to sell stake in Mindtree

Mumbai : Coffee Day Enterprises, Coffee Day Trading and V.G. Siddhartha, a Promoter of the Company, along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree to Larsen & Toubro for a consideration not exceeding Rs 3,269 crore. The proceeds would be used to pare down the Coffee Day Group’s debt. This divestment ... Read More »

Hotel Leela Venture signs binding agreement with Brookfield

Mumbai : Hotel Leela Venture (HLVL) has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell by way of slump sale, four owned Leela hotels located at Bangalore, Chennai, Delhi and Udaipur and the property that it owns in Agra. The transaction also includes assignment of all Hotel Management contracts currently in ... Read More »

RIL’s telecom arm terminates agreement with Reliance Communications

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has terminated Master Agreement and Spectrum Trading Agreement executed between the company and Reliance Communications and its affiliates with effect from March 18, 2019. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services. ... Read More »

Karnataka Bank inks agreement with Karvy DigiKonnect for Contact Centre operations

Karnataka Bank has entered into an agreement with Karvy DigiKonnect for total Management of Contact Centre operations. The operation will be an effective interface between the Bank and millions of its customers. The multi-channel and multilingual Contact Centre provides robust and will cost-effective support for both Inbound and outbound bank’s communication with customers and maximizes their satisfaction with our services. ... Read More »

Chemiesynth Vapi enters into manufacturing & supply agreement with Lambson

Chemiesynth Vapi has entered a Manufacturing and Supply Agreement on March 11, 2019 with Lambson for the supply of a range of Speedcure products. A Quarterly Blanket Purchase Order (in line with quarterly pricing) will be issued by Lambson for the Product with an expected quantity for the quarter. Prices shall be valid for three months from the commencement thereafter, ... Read More »

RIL’s arm inks agreement to acquire stake in Grab for Rs 106 crore

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of Grab A Grub Services for a cash consideration not exceeding Rs 106 crore. RIIHL will further invest an amount of up to Rs 40 crore and is likely to be completed by March 2021. The total investment ... Read More »

RIL’s arm signs agreement to acquire stake in C-Square

Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of C-Square Info Solutions for a cash consideration not exceeding Rs 22.04 crore. RIIHL will further invest an amount of up to Rs 60 crore and is likely to be completed by March 2021. The total investment will ... Read More »

BJP, SHIV SENA reach seat sharing agreement

BJP president Amit Shah met Shiv Sena president Uddhav Thackeray in Mumbai and later senior leaders from both the parties addressed a joint press conference declaring the tie up. According to the agreement reached, in Lok Sabha, BJP will fight 25 seats while Shiv Sena will get 23 seats. While in assembly elections, both the parties, after accommodating other allies, will ... Read More »

Ramco Systems signs agreement with Port of Tanjung Pelepas

Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), a member of MMC Group has sealed an agreement with Ramco Systems to upgrade the port’s current Enterprise Resource Planning system (ERP) system. The upgrade is part of PTP’s continuous efforts in empowering its digital strategy and enhancing its operational efficiency. In addition, it is also to supplement the port’s growing customer demand and ... Read More »

Bharti Airtel’s arm inks agreement with Telkom Kenya

Bharti Airtel’s subsidiary — Airtel Networks Kenya has signed an agreement with Telkom Kenya for merging their respective Mobile, Enterprise and Carrier Services businesses in Kenya to operate as – ‘Airtel-Telkom’. The finalization and closure of the transaction is subject to approval by the relevant authorities. As per the agreement, both the partners will combine their operations in Kenya and ... Read More »

Apollo Micro Systems enters into agreement with P2M Aviation Sagl

Apollo Micro Systems (AMS) has entered into an agreement with P2M Aviation Sagl (P2M), a company incorporated under the laws of Switzerland. Under this Agreement, both companies shall market and promote Speed Canard Aircraft (Aircraft) across the world. Subsequently, AMS & P2M shall enter into Definitive Agreement pursuant to which P2M shall transfer Technology to AMS enabling AMS to commence ... Read More »