US FDA notices 9 deviations at Cipla plant; stock falls

CiplaA recent scrutiny of drug-manufacturer Cipla's Bangalore plant by the US Food and Drug Administration (FDA) revealed as many as nine deviations in the pharma firm's manufacturing process.

With the reports about the digression found at the plant, the shares of Cipla suffered a blow at the Bombay Stock Exchange (BSE), as well as the National Stock Exchange (NSE), on Monday. Despite the company justifying its stand and terming the deviations as "minor ones" relating to manufacturing practices, the stock fell at the BSE.

Telgi sentenced to seven years rigorous imprisonment

Bangalore, Apr 17 : The multi-crore fake stamp paper accused Abdul Kareem Telgi was sentenced to seven years rigorous imprisonment by a CBI special sessions court here on Friday.

Punj Lloyd bags three orders worth Rs 308 crore

Punj Lloyd bags three orders worth Rs 308 crorePunj Lloyd Group, the diversified engineering, procurement and construction (EPC) Conglomerate, today announced three prestigious contracts worth Rs 308 crore for the construction of eight stations from the Bangalore Metro Rail Corporation.

The group is currently constructing Singapore’s Mass Rail Transit (MRT) Downtown Line’s Bayfront station at the Marina Bay, and a section of the MRT Circle Line besides projects for Delhi Metro.

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Japanese firm gives tips to textile industry to fight recession

Bangalore, Apr 10 : People associated with textile industry received tips to fight recession from a Japanese company at a seminar held in Bangalore.

The industrial sewing giant from Japan, Juki, has set up its Indian head quarter in Bangalore. It is providing training to the exporters, garment manufacturers and workers to come out of the tough situation.

The Japanese company conducted surveys on how the companies dealt with the financial crisis.

Mayur, training engineer, said at the seminar that at the time of recession everyone wanted quick delivery, faster production and higher productivity at a lower cost. So, through the seminar they wanted to provide knowledge how to achieve the targets.

ABB opens its new facility in Bangalore

ABB power and automation technologiesABB, a leader in power and automation technologies, on Wednesday announced the opening of its greenfield automation products facility near Bangalore.

The inauguration of latest facility is one of many initiatives that company has taken up in India to build and expand capacity to meet the needs of the future.