In News

In News

Oil and Natural Gas Corporation: ONGC will be in focus as it has signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil for deepwater exploration on the East and West coasts of India. The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. 

Natco Pharma: The company in its BSE filing said it has received tentative approval for its abbreviated new drug application (ANDA) for Trabectedin for injection for the 1mg/vial. Trabectedin is a generic drug for Yondelis. According to industry sales data, Yondelis generated annual sales of $49.7 million for 12 months ending June 2022 in the US market. 

Indo Amines: The company has received environmental clearance for the expansion of 'synthetic organic chemical' production at its manufacturing plants in Thane and Dhule, Maharashtra. 

Infibeam Avenues: Infibeam shares will be in focus after the company in its BSE filing said the board of directors on August 25 will consider fundraising. 

Craftsman Automation: The company has commenced the commercial operations of its new plant at Pune, Maharashtra. 

GAIL (India): The company received the board approval for additional fundraising of $3.125 billion via external commercial borrowing and up to Rs 25,000 crore via non-convertible debentures. This is on top of Rs 25,000 crore already borrowed by the company.