Hero MotoCorp: Hero MotoCorp to collaborate with US-based electric motorcycles and powertrains manufacturer. The company is finalising a collaboration agreement with Zero Motorcycles, a California-based manufacturer of premium electric motorcycles and powertrains. The collaboration will focus on co-developing electric motorcycles. The company’s board also approved an equity investment up to $60 million in Zero Motorcycles.
Lupin: Lupin receives US FDA nod for Mirabegron tablets. The pharma company has received approval from the United States Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA), Mirabegron extended-release tablets, to market in the US. Mirabegron is a generic equivalent of Myrbetriq extended-release tablets of Astellas Pharma Global Development, Inc. The product will be manufactured at Lupin's facility in Nagpur. The drug had estimated annual sales of $2,403 million in the US as per IQVIA MAT data by June 2022. The drug is used for treatment of certain bladder problems.
Punjab National Bank: Punjab National Bank to sell entire stake in Asset Reconstruction Company (India) Ltd (ARCIL). The public sector bank has decided to sell its entire stake in ARCIL at an agreed price. Its shareholding in ARCIL is 10.01% as of now.
Rail Vikas Nigam: Rail Vikas Nigam bags contract for construction of 4 lane highway in Andhra Pradesh. The company has received contract for construction of 4 lane highway from Samarlakota to Achampeta Junction, from National Highways Authority of India (NHAI). The contract is a part of Kakinada port to NH - 16 connectivity in Andhra Pradesh under Bharatmala Pariyojana in EPC (engineering, procurement and construction) mode at a cost of Rs 408 crore.
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