Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported strong June auto sales and said it cut prices for its scooters and motorcycles in most states of India. “The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models.” it said. The actual benefit varies from state to state, depending on the pre […]
The goods and services tax will give a big boost to domestic electronic manufacturering as costs will be significantly brought down, said a study by ASSOCHAM-NEC. “The local manufacturers will be able to pass on the tax benefit to consumers in the form of price reduction,” said the report titled, ‘Electricals & Electronics Manufacturing in […]
Bajaj Auto said it agreed with its Austrian associate KTM to expand the brand sales and shift some of the production of Husqvarna motorcycles to Bajaj’s factory in Chakan, Maharashtra. The brand Husqvarna, founded in 1903 in Italy, used to be owned by BMW at one time. It was bought by KTM in 2013. BMW […]
Bajaj Auto said sales of its motorcycles in India fell 36% in June compared to the same month on 2016 to 1.08 lakh units, allowing TVS Motor Co to overtake the company in domestic motorcycle sales for the month. Bajaj’s total vehicle sales, including motorcycles, three-wheelers and exports, were down 23% at 2.45 lakh. Sales […]
Pharmaceutical company Strides Shasun said it received approval from the United States Food & Drug Administration to sell nausea drug Promethazine Hydrochloride in the country. The US market for Promethazine Hydrochloride tablets is approximately USD 17 Million. It will be sold in three doses ranging from 12.5 mg to 50 mg. Promethazine Hydrochloride Tablet is […]
Infosys said it appointed Unilever veteran D Sundaram as an independent director. He is currently the Vice Chairman and MD of TVS Capital Funds Ltd. “He joined Unilever Group in 1975 and served in various leadership capacities in Unilever Group in a career spanning over 34 years, including Director of Finance & IT, and Vice […]
Bajaj Auto unveiled a new motorbike, the Pulsar NS 160, targeting those who want their Pulsars to be even more like a sports bike. It will be different from the regular Pulsar range, which is a mix of the sporty and the practical. The NS series, said Bajaj Auto, will be tilted more towards the […]
Union ministry of women & child development has expressed its consternation at its minister Maneka Gandhi being painted as insensitive by the media following a rather lively interaction between the minister and citizens. Media headlines today screamed that Gandhi, who has a reputation as a champion of the oppressed, said she had never heard of […]
Unichem Laboratories said the US FDA has completed its inspection of the company’s formulations manufacturing facility in Goa. The facility has received an Establishment Inspection Report, the company added. “This receipt indicates the successful closure of the inspection and the queries raised during the audit (Form 483). The inspection has now been closed by the […]
The cloud-based VPS, or virtual private server market in India has seen the entry of several new players in recent months, driving down prices. VPSes are used for various functions, including web hosting, software development and testing. Till about a year ago, prices for VPSes in India were quite high, at around Rs 1,800 per […]
JSW Steel Limited said the company’s board has approved a plan to build a pipeline from its Vijayanagar plant in Karnataka to the coast to facilitate the import of cheaper iron ore from Odisha and Eastern India. “This Slurry Pipeline can be set up within 24 months at an estimated cost of Rs 2,100 crores. […]
JSW Steel said it will seek approval from its shareholders to raise thousands of crores of rupees via debt and equity in the upcoming annual general meeting of the company. “the Company had obtained the approval of members at the Annual General Meetings held on 26.07.2016 and 31.07.2014 for raising of resources in the form […]
Nesher Pharmaceuticals, a subsidiary of Zydus Pharmaceuticals received final approval from the US Food and Drug Administration to sell generic drug Dextroamphetamine Sulfate. Dextroamphetamine is a central nervous system stimulant used in the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and in the treatment of narcolepsy (a Special type of sleep disorder), Zydus Cadila said. […]
Axis Bank said eight of the 12 big defaulters highlighted by the Reserve Bank of India in its June 15 circular owed over Rs 5,000 cr to the bank. The RBI had given a list of 12 large accounts which together owed about 25% of the total bad loans of Indian banks. The total bad […]
Zydus Cadila said it received the final approval to sell urine leakage drug Oxybutynin Chloride in the US market. The annual US sales of the drug is about $150.9 million, it said. The US FDA approved dosages of 5 mg, 10 mg, and 15mg. The drug is largely available in generic format. The medicine is […]
Lypsa Gems and Jewellery said it will launch a new portfolio of 100 designs under its diamond studded jewelry collection for its wholesale clients in the Middle East. “The company is hopeful to receive orders from its wholesalers and jewelry retailers based in the Middle East Market,” it said. Lypsa Gems and Jewellery is one […]
Hindustan Petroleum Corp Ltd said it had appointed banking intermediaries for organizing investor meetings in the run up to raising Rs 6,000 cr ($930 mln) by selling foreign-currency denominated bonds. The bonds will be non-convertible, and will be issued if the meetings discover favorable market conditions and demand, the state-owned oil marketing company said. Shareholders […]
Bharat Heavy Electricals Limited said it got an order from Gujarat Alkalies and Chemical Limited for setting up a 15 MW Solar Photovoltaic power plant in Gujarat on Engineering, Procurement and Construction (EPC) basis. This takes the total solar power generation capacity being constructed by the company to 180 MW, including ground-based and rooftop-based. The […]
LML Buddy, the low-cost cargo three-wheeler from the scooter manufacturer, is now available across several key states in India. The vehicle, which comes in CNG and petrol versions only, is priced at around Rs 1.10 lakh — compared to around Rs 1.7 lakh for an entry-level Ape three-wheeler diesel truck and Rs 3.9 lakh for […]
Zydus Cadila has received the final approval from the the US Food and Drug Administration to market Hepatitis B drug Entecavir. The drug has sales of $166.3 million in the US, and will be sold in 0.5 mg and 1 mg dosage. It will be produced at the group’s formulations manufacturing facility at the Pharma […]
