Mon Sep 30 03:04:00 UTC 2024: ## USFDA Inspections, Acquisitions, and Appointments Dominate Indian Business Headlines

**Mumbai, India** – A flurry of activity in the Indian business landscape this week has been dominated by US Food and Drug Administration (USFDA) inspections, major acquisitions, and executive appointments.

**Alembic Pharmaceuticals** has received an establishment inspection report (EIR) from the USFDA for its oral solid formulation facility (F-1) in Panelav, Gujarat. The facility was inspected from July 17 to 26, 2024.

**Zydus Lifesciences** secured final approval from the USFDA to manufacture Enzalutamide Capsules, 40 mg, marking a significant step in the company’s US market expansion.

**Lupin’s** Pithampur facility, encompassing unit-1 API and finished product manufacturing, has completed a USFDA inspection with three observations. The company will address these observations to maintain compliance.

**Biocon’s** API facility (Site 2) in Bengaluru has also undergone a USFDA inspection from September 23 to 27, 2024, resulting in four observations.

**In the realm of acquisitions and investments:**

* **Bajel Projects** has secured its first order in the emerging data centre segment, involving the design and construction of a 220/33kV gas-insulated switchgear (GIS) substation and transmission line extension for a colocation data centre in Navi Mumbai.
* **Adani Enterprises unit April Moon** is acquiring a 74% stake in Cococart Ventures for Rs 200 crore, signaling further expansion into the e-commerce space.
* **Adani Energy Solutions** has signed a business transfer agreement with its subsidiary, North Maharashtra Power, to carve out the Adani Dahanu Thermal Power Station.

**On the executive front:**

**IndusInd Bank’s** board has approved the reappointment of Sumant Kathpali as managing director & chief executive officer (CEO) for a three-year term, effective from March 24, 2025. This appointment is subject to approval from the Reserve Bank of India and the bank’s shareholders.

These developments highlight the dynamism of the Indian business environment, with companies actively pursuing growth opportunities, expanding their international presence, and navigating regulatory landscapes.

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