Hero MotoCorp's sales rose 11% to 7.06 lakh units in May 2018 over May 2017. Sustaining strong sales momentum, Hero MotoCorp has continued to further consolidate its domestic market leadership with an all-time high sales for the month of May. The announcement was made after market hours on Friday, 1 June 2018.
Zydus Cadila has received the final approval from the USFDA to market Doxycycline HyclateCapsulesUSP, 50mg and 100mg. It is atetracycline antibiotic used for treatment of a wide variety of bacterial infections, including those that cause acne. This medication is also used for prophylaxis of malaria. It will be manufactured at the group's manufacturing facility at SEZ, Ahmedabad. The announcement was made on Saturday, 2 June 2018.
The board of Whirlpool India approved a proposal to enter into a strategic joint venture with Elica and acquire 49% equity in Elica PB India. As part of the Joint Venture, Elica PB India will manufacture and distribute cooking and built-in appliances under the Whirlpool brand in India. Elica PB India is a subsidiary of Elica SpA Italy and has been operating in India since 2010. The parties expect the transaction to close in the second half of 2018. The announcement was made on Saturday, 2 June 2018.
Dilip Buildcon has received Letter of Award by the National Highways Authority of India for a new hybrid annuity project valued at Rs 1313.90 crore in Karnataka. The announcement was made on Saturday, 2 June 2018.
Shivam Autotech said that the company has achieved approx. 8% increase in sales in the month of May 2018 compared to corresponding month in the previous financial year. The announcement was made after market hours on Friday, 1 June 2018.
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