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Business Economy


KDDL Ltd to acquire Estima AG

KDDL Ltd to acquire Estima AG

Mumbai, Dec 11 (UNI) KDDL Limited said that its Board of Directors of Company at its meeting held on December 10, 2018 has approved an agreement for acquisition of a Swiss Watch Hands manufacturing

Company named "Estima AG", Allerheiligenstrasse 30, 2540 Grenchen, Switzerland through its subsidiaries "Pylania SA" and special purpose vehicle "Kamla International Holdings SA".

The Target Company acquisition will help the Company to capture additional market share of customers in European market serviced by Estima.

The cost of acquisition will be Cash CHF 4,00,000 for 100 percent Shares.

The existing operations of Estima AG, Switzerland are Watch Hands manufacturing and revenue is in the range of CHF 2 million.

Estima was a competitor of the Company in the business of watch hands manufacturing.

Estima was established as a maker of watch hands in Switzerland in 1924. It was a leading supplier to Swiss and other European watch brands in the mid-priced segment and enjoyed an excellent reputation. However, over last 10 years, it was unable to keep up with market changes and lost market share leading to declining

turnover and mounting losses.

UNI JS SY 1258

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Zydus Cadila receives final approval from USFDA for Propafenone Hydrochloride Extended-Release Capsules

Zydus Cadila receives final approval from USFDA for Propafenone Hydrochloride Extended-Release Capsules

23 Apr 2021 | 1:12 PM

Mumbai, Apr 23 (UNI) Pharma major, Zydus Cadila has received final approval from the USFDA to market Propafenone Hydrochloride Extended Release Capsules USP, 225 mg, 325 mg, and 425 mg.

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USD,Euro,Pound down ;Yen up

USD,Euro,Pound down ;Yen up

23 Apr 2021 | 12:41 PM

Mumbai, Apr 23 (UNI) Following were the indicative currency rates and travellers'
cheques buying and selling rates per unit on Friday.

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Dr Shashank Shah - The First Bariatric Surgeons Biography To Be Published in Leading Journal

23 Apr 2021 | 12:31 PM

PUNE, India, April 23, 2021 /PRNewswire/ -- On January 06, 2021, the renowned IFSO site published a biography of the leading Indian Bariatric Surgeon, Dr Shashank Shah. The article in Springer Link chronicled Dr Shah's journey in pioneering laparoscopic bariatric surgery and his impact in the field. What assumes significant importance is the simple fact that IFSO - The International Federation for the Surgery of Obesity and Metabolic Disorders - is a leading Federation of 72 official member societies which are national associations of bariatric surgeons and health professionals; it also has individual members. Also, only highly reputed surgeons and integrated health professionals have accrued a pride of place in the journal and it is, therefore, a momentous aspect for an individual to feature in it. And it comes as no surprise that Dr Shashank Shah, MBBS, MS, FAIS, FICS, became the first Asian Surgeon to feature in the IFSO journal.

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LazyPay Powers Dunzos Pay Later Payment Flow

23 Apr 2021 | 12:29 PM

MUMBAI, India, April 23, 2021 /PRNewswire/ -- LazyPay, India's preferred Buy Now Pay Later solution by PayU Finance today strengthened its partnership with Dunzo, India's leading hyper-local delivery service with the launch of Dunzo Pay Later. The revolutionary deferred payment solution Dunzo Pay Later powered by LazyPay will offer the convenience of Buy Now Pay Later with a 0% interest rate (for a 15-day window) to over 2 million monthly active Users on Dunzo. As a strategic response to an upsurge in digital transaction failures, LazyPay and Dunzo also launched an industry-first solution to enhance consumer confidence impacted due to failed transactions.

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Visaka Industries Ltd is granted patent rights for ATUM by the South African Patent Office

23 Apr 2021 | 12:28 PM

HYDERABAD, India, April 23, 2021 /PRNewswire/ -- Visaka Industries Limited has been granted patent for its product 'ATUM' Solar Roof by the South African Patent Office, which is valid for 20 years. The patent has been granted for the invention titled 'Eco-Friendly Energy Generating Roofs.' ATUM is a unique roof that generates electricity. It is a completely integrated, seamless solar roof made with poly or mono-crystalline solar cells and cement boards - a highly durable roofing material making it world's first solar panel which can be directly used as a roof.

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