Zydus Cadila said it received six-month exclusivity for the sale of generic tofacitinib, a drug that has annual sales of over $2 billion in the US. The exclusivity was provided by the US FDA, since Cadila Healthcare was the first to file an abbreviated new drug application or ANDA for the drug. An ANDA is […]
Cadila Healthcare said it has launched a generic blood thinning medication, Enoxaparin Sodium Injection, in the US, where the drug has annual sales of around $513 mn, or around Rs 3,800 cr. With this, the company has become the first Indian firm to launch a generic version of the drug in that market. Enoxaparin Sodium […]
Noida-based IT and outsourcing services provider HCL Technologies (HCL) said it signed a five-year, end-to-end IT transformation services deal with Germany-based chemical firm Wacker Chemie AG. The size of the deal was not disclosed. Wacker CIO Dirk Ramhorst said his firm was looking to replace its current sourcing model with a “long-term Next Generation Managed […]
Gravita India Limited, a fast-growing Indian company in the area of recycling, said it has almost quadrupled the capacity of its lead recycling plant at Chittoor in Andhra Pradesh. With this, the company expects to increase its revenue by around Rs 150 cr per year. At the current run rate, that works out to around […]
Construction giant Larsen & Toubro sait it has sold its 3 x 33 MW hydroelectric power plant in Uttaranchal to Renew Power Private Ltd for Rs 985 cr. It said the move is aimed at allowing the company to become a more asset light organization and improve shareholder value. “This development is a significant step […]
Bajaj Auto was able to beat TVS Motor Co in July two-wheeler sales, reporting a 39% jump compared to only 8% for the South India-based company. Bajaj Auto was able to beat TVS because of a doubling of export volumes in July to 1.74 lakh. In comparison, TVS Motor Co’s exports volumes in July rose […]
Mahindra & Mahindra, India’s second biggest home-grown auto brand, reported strong numbers for July that indicated that demand continues to be strong in the auto sector despite the interruption caused by the second wave of COVID-19. The company nearly doubled its total vehicle sales to 42,983 in July this year from 25,678 vehicles in July […]
Hero MotoCorp, the world’s largest two-wheeler maker by volumes, today announced the start of retail sales in Mexio, a key Latin American market. The company, which has a market share of almost 50% in India, said it has launched most of its popular motorcycles such as the Xpulse 200, Xpulse 200T, Hunk 190, Hunk 160R, […]
Pharmaceuticals manufacturer Alkem Laboratories said its bioequivalence center at Taloja in Maharashtra has successfully undergone a US FDA inspection without attracting any adverse remarks. “US FDA had conducted a remote and virtual Bio-Analytical inspection of the Company’s Bioequivalence Center located at Taloja, Maharashtra from 26th July, 2021 to 28th July, 2021. At the end of […]
Wonderla Holidays Ltd, India’s largest amusement park chain, said it will re-open its Hyderabad amusement park from Aug 5, marking the first such facility under the company management to re-open after the second wave of COVID-19. The company had reopened its hotel, Wonderla Resorts, earlier this month, but its amusement parks are still shut as […]
Tata Steel Mining Limited said it signed an agreement with Jindal Stainless to jointly mine the chrome ore lying beneath the boundary between the companies’ mines in Sukinda in Odisha’s Jajpur district. Chromium is used to make shiny metallic items, such as stainless steel vessels and chrome-plated auto parts. The companies said the chromite — […]
Tata Power, one of the country’s largest power generation and distribution companies, said it has signed an agreement to set up electric vehicle charging points at the petrol pumps operated by Hindustan Petroleum Corporation Ltd or HPCL. The two companies, however, did not disclose the estimated number of such charging stations that will be put […]
Kerala Vision, the ISP with the largest network in Kerala, has unveiled a new set of tariffs, after its primary competitor BSNL converted its 449 promotional scheme into a regular scheme with unlimited validity. BSNL last week converted its 449 promotional broadband scheme — which was initially valid only for six months — into a […]
Sunteck Realty reported a sequential decline in its collections for the first quarter of FY22 compared to the immediately preceding fourth quarter of FY21, as COVID-19 curtailed new launches. Nevertheless, collections were far better than the year-ago numbers. Collections refer to the actual cash that the company collects from its buyers. Total collections for the […]
Hyderabad-based mid-sized IT outsourcing provider Cyient Ltd said it, along with two partners, has won a contract to support one of UK government’s major land records digitization drives. The three companies will support Her Majesty’s Land Registry, the UK government’s land records bureau, to digitize nearly 26 million titles, accounting for around 87% of the […]
Mumbai-based up-and-coming IT hardware manufacturer Panache Digilife said it intends to manufacture laptops and all-in-one PCs to target the consumer market, under the government of India’s production-linked incentive scheme. The company had qualified for receiving benefits under the PLI scheme last week, along with 13 others including Foxconn, Wistron, Dell, ICT, Dixon Technologies and Lava […]
Wonderla Holidays said it has decided to reopen its hotel, Wonderla Resort, near the Wonderla amusement park in Bangalore, from Monday. It said lock-down rules still do not allow it to open the amusement park yet. Wonderla Resort, which is a kind of weekend getaway on the Bangalore-Mysore road, will be opened with a 50% […]
V2 Retail, the North India-focused general goods and garments retail chain, reported one of its best quarterly performances ever in the form of the Jan-Mar quarter, but said the subsequent three months have been ‘lost’ due to the second wave of COVID-19. “We were witnessing continuous improvement in demand till the lockdowns were announced due […]
Dr Reddy’s Laboratories, one of India’s largest pharmaceutical manufacturers, commercially launched 2DG COVID-19 treatment today, starting with the bigger cities. The drug, formulated by DRDO’s Institute of Nuclear Medicine & Allied Sciences in collaboration with Dr Reddy’s, is supposed to reduce the viral load in patients suffering from COVID-19. The drug, 2-deoxy-D-glucose, is supposed to […]
Indian pharmaceutical manufacturers Cipla and Glenmark Pharma said they received approval from the US Food and Drug Administration to launch a generic version of Sunovion Pharma’s inhaler therapy Brovana. The drug has substantial sales in the US of around $438 million in the 15 mcg dose and is approved for long-term, twice daily usage for […]
