Archive · 29 Sep 2025
Pharma Recalls, Acquisitions, and Management Changes Reported
Several companies have announced various developments.
Some pharmaceutical companies are recalling products in the US due to manufacturing issues.
A company acquired a glass manufacturer.
A hotel chain is changing its management.
Also, there was a stake sale in a luggage company.
Additionally, a company signed a large contract with Mitsubishi Heavy Industries.
Furthermore, a company is building a new manufacturing facility, and another has found natural gas.
Finally, there was an accident at a plant involving fatalities.
Several pharmaceutical companies recalled products in the US due to manufacturing issues.
Independent Sugar Corp. acquired debt-ridden Hindustan National Glass & Industries.
Lemon Tree Hotels announced management changes, with Patanjali Govind Keswani transitioning to a new role.
Promoter groups of VIP Industries sold a 6.22% stake for ₹343 crore.
Azad Engineering signed a $73.47 million contract with Mitsubishi Heavy Industries.
- Who
- Various companies including Glenmark, VIP Industries, and others.
- What
- News includes product recalls, acquisitions, management changes, and new contracts.
- When
- Announcements made on or before September 29, 2025.
- Where
- Multiple locations, including the US, India, and Uganda.
- Why
- The news reports company activities, recalls, and developments.
- Companies Recalling Products
- Glenmark, Granules India, Sun Pharma, Zydus, Unichem
- Azad Engineering Deal
- $73.47 million contract with Mitsubishi Heavy Industries
- Lemon Tree Management Changes
- Patanjali Govind Keswani becomes Executive Director & Chairman; Neelendra Singh new MD
- VIP Industries Stake Sale
- 6.22% stake sold for ₹343 crore
- Godawari Power Incident
- Internal inquiry into six deaths at plant
- Hindustan Glass Acquisition
- Independent Sugar Corp. acquires Hindustan Glass
- Oil India Discovery
- Natural gas strike in Andaman Offshore Block
- PG Electroplast Facility
- ₹1,000 crore investment in Sri City