Lupin said it received final approval to market a generic version of G.D. Searle LLC Flagyl antibiotic tablets in the US. Flagyl tablets had US sales of USD 44.1 million Lupin’s Metronidazole Tablets USP, 250 mg and 500 mg are the AB rated generic equivalent of the drug. It is indicated in the treatment of […]
The pace of growth in petroleum consumption slowed this year, but private retailers are getting ready to open more and more outlets, Fitch Ratings said. Consumption of petroleum products, such as diesel, petrol, LPG and kerosene, has been increasing at a rate of about 5% in India over the last three years, Fitch said. However, […]
Intex Technologies today set a record in India by launching the country’s cheapest virtual reality phone with a VR headset. The Aqua 5.5 VR+, which comes with a 5.5-inch HD display and 2 GB of RAM, has been priced at just Rs 5,799. The box contains lenses and adaptors that can be used to convert […]
As expected, two of the three factions within the All India Anna Dravida Munnetra Kazhakam or AIADMK party came together, expelling former chief VK Sasikala and installing former chief minister O Paneerselvam as the new ‘chief co-ordinator’. The leader of the second faction and current chief minister of Tamil Nadu, Edappadi K Palaniswami has been […]
Tata Steel UK, formerly Corus Group, has taken one more step towards solving its financial woes by moving its pension-related liabilities to a new entity. It said the UK Pensions Regulator has approved a Regulated Apportionment Arrangement or RAA that separates the pension scheme from itself. Tata Steel UK will pay £550 million to the […]
Pharma company Lupin said it received final approval from the US Food and Drug Administration for launching a generic version of Pfizer Inc.’s acne drug Vibra-Tabs. Doxycycline Hyclate Tablet 100 mg had US sales of USD 149.9 million per year, the company said. Doxycycline Hyclate is the AB rated generic equivalent of Pfizer Inc.’s Vibra-Tabs. […]
Pharma company Panacea Biotec said it has signed an agreement to supply a generic version of Eli Lilly’s Effient heart drug to Apotex, the largest Canadian-owned pharmaceutical company. The drug will be sold by Apotex in the US market. “Under the terms of the agreement, Apotex shall be responsible for sales & distribution of the […]
Infosys said it completed the acquisition of Brilliant Basics, a London-based product design and customer experience company. The acquisition was first announced a month ago. “Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to-end Digital Transformation solutions required to […]
Bharat Financial Inclusion, formerly known as SKS Microfinance, said it has entered into exclusive discussion with IndusInd Bank on a potential “strategic combination by way of amalgamation through a scheme of arrangement, or any other suitable structure.” SKS Microfinance is a non-banking finance company (NBFC) was founded in 1997 by Vikram Akula, who served as […]
Infosys said it has been inducted into the Dow Jones Sustainability Indices (DJSI) and is now part of two of the indices — DJSI World and DJSI Emerging Markets. The indices measure the economic, environmental and social performance of companies and are based on the companies’ corporate governance, risk management, branding, climate change mitigation strategies, […]
Despite a decent monsoon season, water levels at storage facilities in India continues to be below those of last year as well as the 10-year average. Of particular concern is the situation in South India, only 39% of the total capacity of the reservoirs has been filled so far. Usually, the number should have been […]
Police in Kerala have arrested 35 people in Malappuram district on suspicions of being illegal Bangladeshi citizens staying in India. The arrests were made in Edavannapara in the Muslim-dominated district. Police sources said that the arrests are likely to lead to an acceleration in investigations into illegal Bangladeshis staying in Kerala. Kerala has millions of […]
TVS Motor Co has launched a new version of its mass commuter motorcycle Victor. The new model, called Victor Premium, is an attempt to make the bike look better, while preserving most of its specifications such as the 110cc engine. “This premium edition of TVS Victor now offers quality and performance with bold styling and […]
India’s biggest bank, State Bank of India, has been forced to issue warning letters to its customers after fraudsters targeted the banks’ customers with fake schemes and offers. An email message has been sent to customers warning them against depositing money on the advice of such people. “The recent spate of fictitious offers of cheap […]
Shares of New Delhi Television Ltd spiked another 10% today to Rs 62.40, prompting the BSE to write to the company to seek clarification on any undisclosed development. With this, the total gain in NDTV shares in the last four days is 76%. The company, however, said it was not aware of any development that […]
India and Japan have agreed to increase defence cooperation, particularly in terms of providing mutual training as well as in sharing technology. India’s outgoing defence minister Arun Jaitley reached several agreements with his Japanese counterpart in this matter, days after the country ended a tense border dispute with China that saw the northern neighbor make […]
Online payment company PayPal has selected five startups – Finbox, Neoeyed, Paymatrix, Scalend and Tybo – for inclusion into its incubator program in Chennai. The program offers startups technology counsel and mentorship, infrastructure support and networking opportunities with both investors and customers. In addition to these, PayPal will also be picking up a stake in […]
Cox & Kings-powered adventure company Trip 360˚ organized a unique outing in Rabale in Navi Mumbai. Unlike regular hikes and treks, this one was not just focused on enjoying nature, but also preserving it. The plantation was done at Tetavli, Rabale. The site which was initially a barren land is being worked upon by Hariyali […]
Star India, part of Rupert Murdoch’s media empire, has won the rights to broadcast Indian Premier League matches for the next five years, edging out Sony India. The company bid Rs 16,347 cr for the privilege, edging out other groups such as Discovery. This comes to about Rs 3,250 cr per season and Rs 54 […]
Pharma giant Zydus Cadila said it received final approval from the USFDA to market immunonsuppressant Mycophenolate Mofetil injection. The drug is indicated for use in combination with other drugs i.e., cyclosporine and corticosteroids for the prophylaxis of organ rejection in patients receiving renal, hepatic or cardiac transplants. The drug will be manufactured at the group’s […]
