Pharma major Lupin Limited (Lupin) said it has received tentative approval from US FDA for Empagliflozin and Linagliptin tablets used to control blood sugar levels. The approval is for selling combinations of 10 mg+5 mg and 25 mg+5 mg of the drugs. In these dosages, the tablets have annual sales of around 242 million in […]
Glenmark Pharmaceuticals Ltd said its trial of Favirpiravir showed a 28.6% faster recovery among those treated with the antiviral drug than on those who were on standard therapy. The 150-person trial showed “numerical improvements for the primary efficacy endpoint with 28.6% faster viral clearance in the overall population as measured by the median time until […]
In one of the biggest real estate deals post the lock-down India’s leading luxury developer, Sunteck Realty acquired a 50-acre property in the North Mumbai suburb of Vasai West. The company did not disclose the cost of the acquisition, but given the location and the size of the property, the deal is likely to be […]
Hindustan Unilever, the biggest advertiser in India, protected its profit margins during the Apr-Jun period by slashing its advertising budget by about 32%. Given that this is after merging GSK’s consumer healthcare business with itself, the actual decline in advertising is likely to have been in the 35% range. Even after adding GSK CH numbers, […]
Mindtree, a mid-size IT and outsourcing services company, said it has been chosen to provide SAP services to a unit of Sweden-based machinery maker Husqvarna Group. SAP is a Germany-based provider of enterprise software, such as that used to keep track of inventories, product design, sales and customer care. Usually, companies depend on IT providers […]
Kerala has become the first state in India to confirm community transmission of COVID-19. Chief Minister Pinarayi Vijayan said community transmission has been confirmed in coastal areas of Thiruvananthapuram district, based on test results from today. “We have come to the conclusion that COVID is now in community transmission in areas like Poomthura and Pulluvila,” […]
A Supreme Court bench of Justices UU Lalit and Indu Malhotra has left the decision of whether or not to to audit and create an inventory of the famed Padmanabha Swamy temple treasure to the administrative committee. The Kerala High Court had directed the state government to open the underground vaults of the temple, make […]
Kerala took a step closer to officially confirming local transmission of COVID-19 in Thiruvananthapuram city with the district reporting a whopping 105 cases of local transmission today. Five cluster outbreaks have been identified in Thiruvanthapuram, Chief Minister Pinarayi Vijayan said today. Two ‘large community cluster’ outbreaks of Coronavirus have been identified in Kerala, one in […]
With the travel and hospitality industry reeling from the impact of the Coronavirus pandemic, Thomas Cook — one of India’s top holiday brands — is offering shorter, and far more affordable, European vacations. These five-day vacations will start from just Rs 19,700, and also come with EMI payment options. However, the list of destinations comprise […]
In his most direct attack against China’s encroachment on the Indian border, Prime Minister Narendra Modi today said everyone should understand that the age of expansionism is over, and that the world today is determined and ready to fight any such power. “Friends, the age of expansionism is over,” Modi said, in a thinly veiled […]
Maruti Suzuki, the country’s largest carmaker, has started a car subscription service in India in association with ORIX, a Japan-based car rental service provider. Car subscriptions are like car leasing, but with more flexibility that comes at typically higher costs. Unlike car leasing, car subscriptions typically do not come with conditions such as travelling limits. […]
Bajaj Auto, one of the biggest exporters of two-wheelers in the world, said it sold 31% fewer automobiles during June, suffering from the after-effects of the Coronavirus lock-down in India and in other markets. The impact of the lockdown was felt on both India sales and exports, with a sharper decline seen on three-wheeler sales […]
Five regional Hindi news channels were among the 15 that found themselves in the results of the 46th e-auction for broadcasting on the DD Free Dish DTH platform. These channels have won the right to transmit their signals on the country’s largest TV channel distribution system for a period of one year from July 1. […]
Dr. Reddy’s Laboratories, one of India’s biggest pharmaceuticals manufacturers, said it has signed a licensing agreement with Japan-based FUJIFILM to manufacture anti-viral drug favipiravir. Favipiravir is traditionally used to treat infuenza, and is also being tested in COVID-19 patients. Dr Reddy’s said the tie-up is part of the Japanese company’s efforts to ramp up the […]
The Chinese embassy in India has called the Indian move to block 59 apps from China as ‘discriminatory’ and ‘against the general trend of international trade and E-commerce’. India blocked the apps yesterday in response to China ratcheting up its military presence on the Indian border, ostensibly in preparation for an attack on India. The […]
Dixon Technologies, the NOIDA-based contract manufacturer of electronics, said it has entered into a contract with Bangalore-based Molbio Diagnostics to manufacture a disruptive RT-PCR COVID-19 test that can give a major boost to India’s Coronavirus containment efforts. It has entered into a Rs 30 cr deal to manufacture 1,000 Qattros, a viral testing machine that […]
Government of India has today set up a new regulatory agency to encourage and regulate private sector space businesses, hitherto an almost no-go area for private companies in India. This follows the first global use of a privately made rocket to send astronauts to the International Space Station by US authorities in the shape of […]
The Kerala government has requested the central government to restart international flights to Dubai, keeping in mind the Dubai government’s decision to reopen the airport and the requirement of Indians to return to work. “We have requested that flights to Dubai be restarted, given that the authorities there have given permission for residents of Dubai […]
ABB India, the local unit of the Swiss-Swedish machinery and equipment maker, said it does not “anticipate any significant adjustments” due to the impact of the COVID-19 pandemic and the subsequent lock down. “The Company has evaluated the liquidity position, recoverability, carrying value of its assets and does not anticipate any significant adjustments at this stage […]
Tata Power Renewable Energy, a unit of Tata Power, has been awarded a contract to supply solar electricity to Maharashtra State Electricity Distribution Co for a period of 25 years. State and central power utilities award such contracts by conducting a bidding process in which companies are expected to offer their cheapest rate for supplying […]
