A report by the Border Security Force has flagged what it called increasing presence of Chinese military personnel on India’s border with Pakistan. While the presence of Chinese troop in the Gilgit Baltistan region near the trijunction of the three countries was already known, the activities of Chinese soldiers and engineers have now spread to […]
Glenmark Pharmaceuticals said it got the approval of the United States Food & Drug Administration to launch a generic version of birth control pill Loestrin from Allergan Pharmaceuticals International. The drug had annual sales of approximately $116.8 million. The drug Norethindrone Acetate and Ethinyl Estradiol Tablets will be sold in the 1/20 dosage. Glenmark’s current […]
Strides Shasun Limited said it received approval from the United States Food & Drug Administration (USFDA) to launch a generic version of Diamox Tablets. The primary use of the Acetazolamide is to reduce nausea and dizziness associated with altitude sickness, but the drug is also used in treating certain types of eye probems and to […]
A month after Lupin got it, Ajanta Pharma too said it got the approval to launch a generic version of Concordia Pharmaceuticals Inc.’s ADHD drug Kapvay. Lupin had got the nod in October, and said the drug had sales of around $66 mln in the US. Ajantha Pharma also said it has already launched the […]
According to sources, Edit II Productions, which produces the massively successful Hindi comedy Bhabhiji Ghar Par Hain for &TV, is likely to produce another comedy ‘Jijaji Chhat Par Hain‘, this time for SAB TV. &TV, for the record, is a brand of Zee Entetainment, while SAB TV is owned by Sony Pictures. Unlike Bhabhiji, which […]
Construction company Simplex Infrastructures said it got a Rs 524 cr order from public sector company NBCC Ltd. The order is for the construction of institutional buildings at Bhubaneshwar in Orissa, the company said. NBCC (India) was earlier known as National Buildings Construction Corporation. It is a Navratna category I company, and is also listed […]
The Supreme Court again refused to stop the movie Padmavati, urging the Central Board of Film Certification to do its job. It rejected a public interest litigation today filed by a Delhi-based lawyer. “We are not going to prejudge the issue,” said the court today. It pointed out that it cannot step into the shoes […]
E-commerce solutions provider Infibeam said its unit Avenues India, which operates the payment service CCAvenue, has entered the bill payment service with the launch of a new service BillAvenue. The service has been built atop the Bharat Bill Payment System created by the National Payments Corporation of India, which also created the UPI money transfer […]
Fitch Ratings said it expects a slight improvement in the finances of real estate companies in India and forecast increasing consolidation and a reduction in the massive unsold inventories on their books. “We expect the cash flow from operations of the rated Indian developers to continue to improve in 2018 on higher domestic presales in […]
Two Indian pharmaceutical companies, Cipla and Glenmark, said they received approval from the US Food and Drug Administration for new drugs. While Cipla got the nod for a drug used to treat a type of blood cancer, Glenmark was approved to sell an oral contraceptive. Cipla got approval to sell a generic version of Otsuka […]
Pharma major Strides Shasun said it agreed to sell its India branded generics business to Eris LifeSciences Limited for Rs 500 cr in cash. “This transaction is the outcome of the company’s portfolio reprioritization, to focus more sharply on larger regulated markets,” it said. The India branded generics business being divested by Strides had sales […]
Following Idea Cellular and Bharti Airtel, Vodafone too has increased the data allocation on its Rs 349 plan to 1.5 GB per day from 1 GB per day. Over the last few days, Bharti Airtel and Idea Cellular too had increased quota by 50% to cope with competition from Reliance Jio. These plans, which offer […]
Pharma major Zydus Cadila said it received final approval from the USFDA to market an anti-inflammatory injection Ethacrynate Sodium in the US. The drug is used to decrease the Swelling (edema) caused by various disease conditions such as liver disease, kidney disease, congestive heart failure, cancer etc. and will be produced at the group’s formulations […]
Reliance Capital said its subsidiary Reliance General Insurance Company signed an agreement with YES BANK to distribute general insurance products to the customers of YES BANK. YES BANK is India’s 5 th largest private sector Bank with a network of 1040 branches across and will act as a corporate agent of the insurance company. The deal will […]
BJP leader Subramanian Swamy has come out strongly against right wing activists making violent threats against artists involved with the film Padmavati, saying that he could approach the courts if such threats continue. “In a democracy, everyone has the right to protest, but making threats against someone is against the law and cannot be tolerated,” […]
Pharma giant Cipla Ltd said it received final approval for launching a generic version of Astrazeneca’s Pulmicort inhalation suspension for pediatric asthma in the US. The product is available for shipping immediately, Cipla said. Pulmicort Respules and generic equivalents had U.S. sales of approximately $825M for the 12- month period ending September 2017, making them […]
PVR Limited, India’s largest theater chain, said it agreed to acquire a minority stake in US-based luxury restaurant-and-theater company iPic-Gold Class Entertainment, LLC. The US company operates 16 luxury theaters with 121 screens across 10 States in the United States, PVR said. Ajay Bijli, Chairman and Managing Director of PVR, will join the board of directors of […]
Tata Power said its Strategic Engineering Division, along with partner DSIT Solutions Ltd, received a contract to supply Portable Diver Detection Sonar (PDDS) to the Indian Navy. The deal is one of the the largest in the world for such systems, it said. The detection systems will largely be manufactured in India at the Tata […]
As some consumers stay away from making big ticket investments into real estate, developer House of Hiranandani has come up with a ‘guaranteed rental’ scheme for those buying property at two of its towers at the Devanahalli township in Bengaluru. The company said that, depending on the size of the property, buyers could get up […]
Cox and Kings said Private Equity firm SSG Capital acquired the 34.42% stake held by Rohatyn Group in its subsidiary Prometheon Holdings (UK) Limited. SSG Capital Group also owns 2.72% stake in Cox & Kings Ltd. Prometheon Holdings is the Holding company of Holidaybreak, which in turn operates brands PGL, NST, EST, Travel Works and […]
