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Business Economy


Transasia Bio-Medicals to pump Rs. 50 crore expansion of its Sikkim manufacturing plant

Kolkata, Jun 13 (UNI) Transasia Bio-Medicals Ltd., India’s leading in-vitro diagnostics company, announced a Rs. 50 crore investment in the expansion of its manufacturing facility in Sikkim.

The largest of its India manufacturing plants, Sikkim is the fourth one after Mumbai, Daman and Baddi. Also, the first ever diagnostics manufacturing facility in Northeast of eastern Himalaya.
The expanded facility will significantly enhance Transasia’s capacity to cater to the growing Indian and overseas market demands. Spread over 2 acres, the state of the art facility can produce 6000+
instruments monthly including the complete range of semi-automated analyzers.

Announcing the new facility, Chairman & Managing Director, Transasia Bio-Medicals Ltd.,Suresh Vazirani, said, “Sikkim is fast becoming a major hub for healthcare manufacturing with 14 major players already there. Transasia’s newfacility will further reinforce this besides providing employment to local youth who otherwise would need to move out of the state for such quality opportunities. With this addition of capacity, we are well placed to deliver to the demand arising from continued growth posted by the company both in Indian and overseas markets.”
UNI PC AKM
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Sitharaman announces cut in taxes for corporate, new manufacturing companies

20 Sep 2019 | 7:21 PM

Panaji, Sep 20 (UNI) In an effort to promote growth and investment in the country, Union Finance Minister Nirmala Sitharaman on Friday announced cut in corporate tax rates to 22 per cent for domestic companies and 15 per cent for new domestic manufacturing companies, besides other fiscal measures.

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CII Indian Women Network, Pondy to organize Expo from Sep 21

20 Sep 2019 | 7:14 PM

Puducherry, Sep 20 (UNI) In a bid to offer a platform for the entrepreneurs to showcase their products and render an opportunity to network with the other entrepreneurs, industries & potential buyers, CII Indian Women Network, Puducherry is organizing the two-day first edition of “Inspire Entrepreneurship Expo” here from Saturday.

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RINL clarifies of no leakage in test paper related to online test for JT, OCM posts

20 Sep 2019 | 6:51 PM

Visakhapatnam, Sep 20 (UNI) Management of the Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), here on Friday clarified that the probe agency constitued by it has revealed in its report that there is no leakage in test paper related to the online test for recruitment of Junior Trainee and OCM posts held on September 7 and 8 at 30 cities in 142 centres across the country.

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Cut in Corporate Tax would increase investment flow in exports: FIEO

20 Sep 2019 | 6:46 PM

New Delhi, Sep 20 (UNI) Hailing the reduction in Corporate Tax Rate to 22 per cent for domestic companies and 15 per cent for new companies, Federation of Indian Export Organisations (FIEO) on Friday said such reduction would attract much needed investment both through FDI route and domestic investment.

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Sensex closes 1,921 points higher, Nifty ends at 11,274

Sensex closes 1,921 points higher, Nifty ends at 11,274

20 Sep 2019 | 5:59 PM

Mumbai, Sep 20 (UNI) Equity benchmark BSE Sensex enjoyed a historic day on Friday as it registered biggest one-day gain in last ten years, after Finance Minister Nirmala Sitharaman announced tax cuts to revive the economy.

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