Wednesday, August 26, 2015
TOP CORPORATE NEWS-26 Aug 2015
M&M achieves sales milestone of 1.25 lakh LCVs
Mahindra & Mahindra (M&M) announced that Mahindra Truck and Bus Division has rolled out its 15000th heavy commercial vehicle from the state-of-the-art plant in Chakan, Maharashtra. In addition, the company also reached a sales milestone of 125,000 light commercial vehicles ( LCVs) on Indian roads.
Cambridge announces contract with leading Netherlands
Cambridge Technology Enterprises ( CTE) announced its engagement with a Netherlands based private leading technology company connecting the worlds of print, archive and online. CTE's relationship with this company is to provide operations support for their e-publishing services. The client requires faster turnaround time for its e-paper and magazine operations, a need CTE's domain expertise can play an instrumental role in meeting.
L&T Construction wins order from KAHRAMAA
Larsen & Toubro ( L&T) announced that L&T Construction has won 494.45 Mn QAR (Rs864 Crores) Order from KAHRAMAA.
Lupin gains on USFDA nod for Diclofenac Sodium
Shares of Lupin rose 3% to Rs1875 on NSE after the pharma major received approval from the US Food & Drug Administration for anti-inflammatory drug Diclofenac Sodium. The stock opened at Rs1838 and touched a high of Rs1895 on NSE. The stock has gained nearly 11% during August 2015 so far against nearly 7.5% decline in the Sensex.
TCS donates $35 mn to Carnegie Mellon University
Tata Consultancy Services ( TCS) has announced a $35 million gift from TCS to Carnegie Mellon University, marking a new era of partnerships between leaders of Industry and academia. Representing the largest corporate gift to the University and from outside the US, this donation will fund a new facility, the Tata Consultancy Services Building, which will support education and cutting-edge research by Carnegie Mellon University faculty and students.
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