Pharma major Lupin Limited said it launched Iron Isomaltoside injectable iron formulation under two brand names “Isofer” and “Jilazo” in India. Lupin acquired the exclusive rights to market, distribute and sell the injectable formulation from Denmark based Pharmacosmos A/S. The product is currently marketed in 33 countries, including 21 European Union countries under the brand […]
Dr Reddy’s Laboratories Ltd said it launched raloxifene hydrochloride tablets –used to treat osteoporosis — in the US market. Raloxifene hydrochloride tablets are a therapeutic equivalent generic version of Evista (raloxifene hydrochloride) tablets. A generic drug is a pharmaceutical drug that is equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and […]
Technology provider Infosys said it made investment in TidalScale, a provider of software-defined server. No details about the financial aspects of the investment were made public. TidalScale’s offering, in many ways, is the opposite of virtualization. While virtualization allows you to split a single hardware-based server into several virtual servers, the software-defined server helps combined […]
Online Payment platform Razorpay said it launched a new feature –Express Activation– in India that promises one-hour activation of new merchant accounts. Razorpay is a payments platform that allows merchants to receive payments via their websites or mobile apps. It helps businesses accept online payments via credit card, debit card, netbanking and popular wallets including Mobikwik, […]
Air conditioning giant Blue Star Ltd said its Vice Chairman Suneel M Advani will be elevated as the Chairman of the company from 1st December. The current Chairman Ashok M Advani who will turn 75 on November 17 will retire after 47 years of service and will be re-designated as Chairman Emeritus. Suneel M Advani […]
As the e-commercial sector is facing issues with the money demonetization, the E- payment platform MobiKwik and Freecharge have forward with methods that can be helpful for the e- tailers. Mobikwik said it will offer ‘MobiKwik on delivery’ option for e-tailers to replace ‘Cash on Delivery’ and overcome the challenges being faced by the phasing […]
Oxigen, one of India’s oldest wallet payment system, said the load value on Oxigen Wallet prepaid visa cards have increased by 4 times in the last two days. It said people seem to be switching to prepaid cards to make payments in the wake of demonetization of high-denomination currency notes. “The daily average number of […]
Apollo Tyres today signed an agreement with the Andhra Pradesh government to set up a manufacturing facility in the state. “As per the Memorandum of Understanding, the company will invest approx. Rs 525 cr for setting up this facility in Andhra Pradesh bordering the south-eastern coast of India,” said the company. The proposed manufacturing facility […]
Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability. “The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of the company’s turnover and the […]
FMCG company Uflex said it launched new pouche for liquids like ghee or clarified butter for long shelf life. The pouch with sonically sealed spout has been offered to Paras Dairy for packing it’s ghee. Uflex, founded in 1983, is India’s largest end-to-end flexible packaging company. Jeevaraj Pillai, Joint President, Packaging and New Product Development, […]
Nikon India said it launched a new DSLR camera –Nikon D5600. The DX-format D-SLR is equipped with a vari-angle LCD monitor that flips out and rotates, touch screen operation enhanced with crop function for use use in playback zoom, frame advance bar for users to scroll through images in playback mode easily, time-lapse movie function, […]
Commercial vehicle manufacturer SML Isuzu Ltd. said it launched two new passenger vehicles — Executive Lx coach and Ecomax Bus — to its commercial passenger vehicles category today. The Executive Lx Coach will seat 18 passengers plus two and has pushback reclining seats. It is designed for the tours & travel operators and staff shuttle operations. […]
Hyve Mobility, a Delhi-based mobile start-up, said it launched its flagship deca-core smartphone ´Pryme´ in collaboration with MediaTek at a price of Rs 17,999. With this product launch, Hyve became the first Indian brand to introduce a smartphone powered by MediaTek’s flagship Helio X20 processor for consumers in India, said the company. The Helio X20 […]
[polldaddy poll=9575194] Expect the unexpected is the case what we see in gold price today. The country saw a sudden hike in the gold price today as Rs 30,820 for 10 grams from yesterdays price of Rs 30,024. The price for 10 grams has rose by 796 rupees from yesterday in India. UPDATE: As of […]
Mylan N.V. and Biocon Ltd. said they submitted Mylan’s biologics license application for a proposed biosimilar Trastuzumab, to the U.S. Food and Drug Administration. Biosimilar trastuzumab is a proposed biosimilar to branded Trastuzumab, which is indicated to treat certain HER2-positive breast and gastric cancers. HER2-positive breast cancer is a breast cancer that tests positive for […]
India’s leading television and film production company, Balaji Telefilms Limited said it launched its newest romantic love story, “Pardes Mein Hai Meraa Dil” on Star Plus. The show has a fresh cast and presentation and is shot abroad in picturesque Vienna, Austria. The cast includes Drashti Dhami and Arjun Bijlani who will be playing the […]
Axis Bank said it added an augmented reality-based feature on its Mobile App that will enable home seekers to search and locate properties which are pre-approved by the bank for financing. Jagdeep Mallareddy, Head Retail Lending, Axis Bank, said, “The new augmented reality feature will help users to easily identify any property that is available […]
IT services provider Mindtree said it launched a new salesforce facility in Munich, Germany. This salesforce centre of excellence is anchored by Magnet 360, a salesforce partner and wholly-owned subsidiary of Mindtree. Salesforce is the world’s leading pureplay cloud player and offers software such as those used for customer relationship management. “Mindtree and Magnet 360 will […]
Infrastructure company Adani Enterprises Ltd said it commissioned India’s largest tracker-based solar power plant at Bhatinda in Punjab. The 100 megawatt plant is also the largest solar project in Punjab. Tracker plants are those with motorized panels that keep tracking the sun as it moves across the sky. Compared to fixed panels, tracking panels generate 30-35% […]
KEC International Ltd, the infrastructure unit of RPG Group, reported a 22.5% rise in EBITDA to Rs 185 cr for its second quarter of FY17. EBITDA margin, which shows how profitable the company’s operations are, increased by 140 bps to 8.7% from 7.3%, reflecting a 28.11% growth in EBITDA to Rs 154.79 cr. “We have consistently […]
