ASTRON PAPER
Strategic Partnership Agreement" SHANDONG ZHONGHUI SUPPLY CHAIN MANAGEMENT CO LTD, China, on 16th December, 2019.• The Company has entered into a "Strategic Partnership Agreement" with SHANDONG ZHONGHUI SUPPLY CHAIN MANAGEMENT CO LTD, (ABC Paper) China.
• The ABC PAPER will transfer technical knowledge and experience for upgrade of plant.
• The ABC Paper will Improve Company's operating efficiency and also assist to export in China.
• This agreement is executed for the period of three year i.e up to 31st December, 2022.
• Dispute Jurisdiction: Singapore International Arbitration Centre. e No Promoters, Directors and KMP and their relatives are interested and have financial interest in said agreement.
• ABC Paper is trademark and brand name of SHANDONG ZHONGHUI SUPPLY CHAIN MANAGEMENT CO LTD, China.
CIPLA
Cipla acquires trademark rights of Vysovhas acquired the brand name and trademark rights for Vysov ® & Vysov M® (Vildagliptin + Metformin) of the anti-diabetic drug, Vildagliptin for the Indian market.
The company has been co-marketing Vildagliptin in agreement with Novartis under brand names Vysov® & Vysov M® and has witnessed a strong uptake for the product in India for the last couple of years. It is currently available across the country.
Vildagliptin is an orally active, potent and selective DPP-4 inhibitor that improves glycemic control in patients primarily by enhancing pancreatic (α and β) islet functions. The drug is backed by strong clinical data & is therefore a widely prescribed antidiabetic medicine for adults with type 2 diabetes mellitus. The current market size of Vildagliptin is INR 818 Cr. as per IQVIA MAT Nov’ 2019 in India
KESAR ENTERPRISE
This is with reference to the NSE letter No. NSE/LIST/ 97582 dated 16th December, 2019 with regard to voluntary delisting of equity shares of the Company from NSE without giving exit opportunity to shareholders in terms of Regulations 6 (a) and 7 of SEBI (Delisting of Equity Shares) Regulations, 2009, we hereby inform you under Regulation 30 read with Schedule III of the SEBI Listing Regulations that the trading in Equity Shares of the Company will be suspended from trading w.e.f. December 31, 2019 (i.e. w.e.f closing hours of trading on December 30, 2019). Further the admission to dealings in the Equity Shares of the Company will be withdrawn (delisted) w.e.f. January 07, 2020.MARUTHI SUZUKI
With Over 6 Lakh Automatic Cars sold, Maruti Suzuki bets big on AMT, AT & CVT Technology• Three options of automatic transmission – AGS, AT and CVT
• Widest range of 12 modes with 2 pedal technology across segments
• Popular choices include; Celerio, WagonR, Swift, Baleno, DZire
Maruti Suzuki India Limited has created a new milestone with the sales of over 6 lakh automatic transmission passenger vehicles. Out of these 6 lakh automatics sold, over 5 lakh vehicles are equipped with popular Auto Gear Shift (AGS) technology. Sales of automatic vehicles accelerated in the last 5 years after the introduction of the popular AGS transmission technology in Celerio in 2014. In FY 2018-19 alone, the Company had sold over 2 lakh units of automatic vehicles.
The Company offers automatic options in 12 models and a choice of three different automatic transmissions – Auto Gear Shift (AGS), Automatic Transmission (AT) and Continuous Variable Transmission (CVT). The AGS is offered in Alto K-10, S-Presso, WagonR, Celerio, Ignis, Swift, Dzire and Vitara Brezza. The AT transmission is offered in Ertiga, Ciaz and XL6 while Baleno comes equipped with CVT technology.
PENNAR INDUSTRIES
Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, today announced that it has been certified to the AS9100 Rev. D quality management standard for its Hyderabad Aerospace facility.Earlier this year, in May 2019, Pennar Industries forayed into engineering products for the aerospace industry by establishing a production facility in Hyderabad. The company will cater to the domestic and global aerospace industry by supplying value added precision engineered products as per customers’ specifications. AS9100 Rev. D Certification signifies Pennar’s ongoing commitment to meeting and exceeding increasingly stringent industry requirements for aerospace related products for both the civil and military markets.
AS9100 is an internationally recognized Quality Management System standard, specific to the Aircraft, Space and Defense (AS&D) industry and managed by the International Aerospace Quality group (IAQG) and Rev. D is the most current standard. Pennar is very proud to achieve this certificate in the shortest span from date of establishment of the Aerospace facility. Adding AS9100 certification strengthens Pennar’s competitive position in the rising market and standardizes quality processes across the organization. This standard provides Pennar’s Aerospace manufacturing facility with a comprehensive quality for providing safe and reliable products.
“The entire team of aerospace division at Pennar was committed to seeing this standard met and certification achieved at the defined timelines. This will be Pennar’s very first achievement in their Aerospace journey, with many more to come. Indian aerospace sector is estimated to reach $70 billion by 2030. Hyderabad is the second largest Aerospace hub in the country after Bengaluru. Pennar Industries, with its precision engineering prowess, hopes to contribute meaningfully to this growing industry over the next couple of years.” Said Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited.
RAMCO SYSTEM
China Aircraft Services Limited announced that it has signed an agreement with the global aviation software provider Ramco Systems to implement its Aviation Suite V5.8 for end-to-end base and line maintenance operationsThrough this collaboration, Ramco will provide its integrated Aviation Suite with modules for Maintenance & Engineering, MRO Contracts, Supply Chain, and Finance to help CASL manage their end-to-end line and base maintenance, ground handling and cabin services.
The mobile-enabled application will also offer real-time processing for work order, thereby reducing the overall turnaround time. Hosted on cloud with mobility and optimization features, the solution will replace disintegrated systems across various departments and seamlessly interface with other third-party airline, flight following and HR systems
Meanwhile BUY BACK of fully paid-up equity shares of face value of Rs. 5 each (the "Equity Shares") of Pennar Industries Limited (the "Company") under the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended (the "Buy-back Regulations")
RELIANCE
RS 25,215 CRORE INVESTMENT BY BROOKFIELD INFRASTRUCTURE AND ITS INSTITUTIONAL PARTNERS IN TOWER INFRASTRUCTURE TRUST, TOTAL VALUE OF ASSETS, INCLUDING COMMITTED ROLL OUT, OF RS 55,400 CROREReliance Industrial Investments and Holdings Limited (“RIIHL”), a wholly-owned subsidiary of Reliance Industries Limited (“RIL”), has entered into binding agreements with Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”), and its institutional partners, for an investment of Rs. 25,215 crore in the units to be issued by the Tower Infrastructure Trust (“Trust”) in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
At the Closing of the Transaction, the Trust will own 100% of the issued and paid up equity share capital of Reliance Jio lnfratel Private Limited (“RJIPL”). RJIPL has a current portfolio of approximately 130,000 communication towers that forms the infrastructure backbone of Reliance Jio Infocomm Limited’s (“Jio”) telecommunication network, with plans to build additional towers and the total number of towers is expected to reach approximately 1,75,000 towers. Jio is an anchor tenant of the tower portfolio under a 30-year Master Services Agreement.
“We are pleased to enter into this long and strategic relationship with Brookfield, which is one of the largest and most respected managers of infrastructure assets globally. We are confident of Brookfield’s abilities to manage this large portfolio of high-quality infrastructure assets and further enhancing value creation opportunities. This transaction demonstrates the belief of global investors in the potential of India’s digital opportunity”, said Shri Mukesh D Ambani, Chairman and Managing Director of RIL.
Closing of the transaction is subject to certain regulatory approvals, which are expected shortly.