Latest news with #Telangana-based
Time of India
3 days ago
- Business
- Time of India
Kavitha urges CM to cancel GHMC monsoon tenders
Hyderabad: BRS MLC and Telangana Jagruthi founder K Kavitha on Sunday wrote an open letter to chief minister A Revanth Reddy, urging the latter to cancel the tenders floated for monsoon emergency teams and instant repair teams in the Greater Hyderabad Municipal Corporation (GHMC). She claimed that some officials were trying to favour certain companies in awarding tenders related to emergency works for the monsoon season in Greater Hyderabad. She accused officials in the GHMC engineering department of acting in a manner that discriminates against BC contractors from Telangana. Kavitha said that regulations have been framed in such a way that only vehicles from a foreign company are utilised for these tasks. "The said foreign company has only two showrooms in Hyderabad, and the managers at these showrooms are refusing to sign Memorandum of Understanding (MOUs) with contractors from Telangana. Even when Telangana-based contractors manage to obtain MoUs from dealers in Karnataka, officials pressure them to submit physical copies within a short deadline," she said. She pointed out that, in the past, separate tenders were issued for each of the 150 wards in the GHMC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo However, tenders are now being consolidated into just nine zones, which, she said, is causing financial losses for local contractors. BRS MLC noted that the vehicles specified under the new regulations are incapable of transporting even one cubic meter of material, whereas previously used vehicles could carry two to three cubic meters. Kavitha stated that these changes, which benefit a single company and two contract agencies, are imposing an additional burden of Rs 5.85 crore annually. She urged the chief minister to cancel these tenders immediately and revert to ward-wise tender invitations, which she said would help 150 local contractors.
Business Standard
26-05-2025
- Business
- Business Standard
Dr Reddys Labs' manufacturing facility gets two form 483 observations from US FDA
Dr Reddys Laboratories said that the United States Food & Drug Administration (US FDA), post a GMP inspection, has issued a Form 483 with 2 observations to the company's Telangana-based manufacturing facility. In a regulatory filing made on Saturday (24 May 2025), the company informed that the US FDA had conducted a GMP inspection at its API manufacturing facility in Miryalaguda, Telangana, India. The inspection was conducted from 19 May 2025 to 24 May 2025. Post the inspection, the American regulatory agency has issued a Form 483 with 2 observations. The pharmaceutical company stated that it would address the said observation from the US FDA within the stipulated timeline. Hyderabad-based Dr. Reddys Laboratories is a global pharmaceutical company. It offers a portfolio of products and services including APIs, generics, branded generics, biosimilars and OTC. The company reported a consolidated net profit of Rs 1,594 crore for the quarter ended March 2025 (Q4FY25), marking a 22% year-on-year increase from Rs 1,307 crore in the same period last year. Revenue from operations rose 20% year-on-year to Rs 8,506 crore, compared to Rs 7,083 crore in Q4FY24. The scrip rose 0.46% to currently trade at Rs 1235.40 on the BSE.
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Business Standard
19-05-2025
- Business
- Business Standard
Dodla Dairy Q4 results: PAT rises 45% to ₹68 crore, revenue up 15.5%
Telangana-based Dodla Dairy on Monday reported a 45.12 per cent annual growth in its consolidated net profit at Rs 67.96 crore in the quarter ended March 2025. The company's net profit stood at Rs 46.83 crore during the corresponding quarter of the preceding fiscal, Dodla Dairy said in a regulatory filing. Revenue from operations of the company grew by 15.51 per cent during the quarter under review at Rs 909.62 crore compared to Rs 787.44 crore during the same period a year ago. "I am pleased to share that during FY25, the company's profit after tax (PAT) surpassed the Rs 200 crore milestone, reaching Rs 259.9 crore, on the back of a topline of Rs 3,720.1 crore, which grew at a healthy rate of 19 per cent. This robust performance was primarily driven by faster growth in value added products (VAP) and healthy performance in Africa as well as the Orgafeed business," Dodla Dairy Managing Director Dodla Sunil Reddy said. He said the board of directors of the company has approved a dividend of Rs 2 per share (20 per cent of the face value). "Our extensive procurement network and long-term relationships with the farmers underscore the underlying strength of our company. Their contributions have been instrumental to our growth journey. We remain focused on advancing Dodla Dairy's integrated business model through both organic and inorganic growth initiatives. With a continuous focus towards expanding our product reach and portfolio basket, we are confident to achieve accelerated growth in the coming years," he added. Shares of the company on Monday ended at Rs 1,152, up 3.17 per cent from the previous closing level, on the BSE.
Business Standard
28-04-2025
- Business
- Business Standard
Sigachi Industries inks MoU with Czech Republic-based Respilon Group
Sigachi Industries said that its wholly owned subsidiary Sigachi MENA FZCO has signed a memorandum of understanding (MoU) with Respilon to expand into advanced drug delivery technologies. Headquartered in the Czech Republic, Respilon is an innovation-driven nanofiber R&D company. Sigachi and Respilon will collaborate to develop, manufacture, and commercialize drug delivery solutions based on Respilons proprietary NUENEX nanofiber technology. The two entities would focus on the development of Invisible Patch and Powder-based pharmaceutical delivery formats. The collaboration includes developing commercialization strategies for relevant APIs and formulations, leveraging nanofiber encapsulation technology. Amit Raj Sinha, managing director and CEO of Sigachi Industries, said: "Partnering with Respilon aligns perfectly with our vision to deliver next-generation pharmaceutical solutions that improve therapeutic outcomes and elevate the patient experience. We are excited about the possibilities NUENEX technology offers to revolutionize drug delivery systems globally. Telangana-based Sigachi Industries is engaged in the manufacturing of microcrystalline cellulose (MCC), which is widely used in the pharmaceutical, food, beverage, cosmetic, and paint industries. The most common uses of MCC are in vitamin supplements and tablets. It also acts as a bulking agent in food production. MCC is produced from refined wood pulp, which is imported by the company. The company reported 32.52% jump in consolidated net profit to Rs 21.35 crore in Q3 FY25 from Rs 16.11 crore posted in Q3 FY24. Revenue from operations grew by 25.66% to Rs 139.41 crore in Q3 FY25 from Rs 110.94 crore registered in Q3 FY24. The scrip rose 0.30% to currently trade at Rs 42.95 on the BSE.
Time of India
22-04-2025
- Time of India
Hoax bomb mail causes panic at regional transport office in Thiruvananthapuram
Thiruvananthapuram: A bomb threat message received at the regional transport office on Monday morning spread panic among the officials and the public for some time. The email stated that the bomb placed at the office would detonate at 8:15am, but the officials saw the message only after 9am. Soon, police and bomb squads were alerted, but nothing suspicious was found during the inspection. The message was sent from the ID drezhilanaganathan@ on Sunday night. The emails were sent to three IDs: and City cyber police began a probe after registering a case under Bharatiya Nyaya Sanhita Section 351 (1) (b) for criminal intimidation , sections of the Kerala Police Act 118 (b) for knowingly spreading rumours or giving false alarms to mislead police, fire brigade, or any other essential service and 120 (o) for causing nuisance or violating public order. They also registered a case under sections 43 and 66 of the Information Technology Act 2000. The incident comes a month after a hoax bomb threat spread panic among people for hours at the collectorate. This is the fifth hoax bomb threat in the city in the last seven months. In one of the cases, a Telangana-based man was identified as the one behind the hoax threat and in other cases, the team is yet to find the culprits. "We have requested the Microsoft team to share the details of the account from which the mail was sent. The IP details and other data were also requested from other agencies as well. Even though such hoax threats have become common, we do not ignore any such threats," said city police.
