Alembic Pharmaceuticals said it has received approval from the US Food & Drug Administration (USFDA) to sell an equivalent drug of Lumigan eye drops of Allergan. Bimatoprost Ophthalmic Solution 0.03% has an estimated US market size of $ 76 million. It is indicated for the reduction of elevated intraocular pressure in patients with open angle […]
SpiceJet, one of India’s top airlines, said it will add 16 Boeing 737-800 NG aircraft to its fleet over the next ten days, even as rival Jet Airways has reportedly ground about 70 aircraft due to financial troubles. Ajay Singh, Chairman and Managing Director, SpiceJet indicated his company would add more. “This is the first […]
Renewable energy solution provider Suzlon Energy Ltd said that it has sold two of its solar farms — Shreyas and Aalok — to Ostro Energy Pvt Ltd, a wholly owned subsidiary of ReNew Power Services Ltd. “The company has received an aggregate consideration of Rs 10.13 crores on the sale of 26% of its existing […]
Vodafone’s cellular network in Mumbai was down for several hours today in many parts of the city, according to reports from affected customers. “It looks like the problem has affected people between Ghatkopar to Thane,” said a Vodafone customer from Ghatkopar. “At least, that’s what I can tell from reports on the WhatsApp groups I […]
Reliance Industries said it has agreed to acquire 87% of Mumbai-based artificial intelligence company Haptik Infotech for Rs 700 cr, including an initial payment of Rs 230 cr. Reliance Industries said the technology will be used to bring artificial intelligence-based offerings on Reliance Jio, the telecom and digital arm of the group. “This strategic investment […]
Prominent psephologist and founder of Swaraj India party, Yogendra Yadav said that Swaraj India, the party he cofounded with others such as Prashant Bhushan, will lend its support to Kamal Haasan’s Makkal Needhi Maiam in the upcoming Lok Sabha elections. Taking to Facebook, Yadav wrote that Swaraj India will support the party for 40 Lok […]
Prime Minister Narendra Modi said India has become the fourth country in the world to bring down a satellite in space. “It was done in three minutes… we took out a satellite rotating around the earth in low earth orbit at a height of 300 km.” It was done using a locally designed anti-satellite missile. […]
State Bank of India said it has no plans to buy the 24% stake owned by Abu Dhabi-based Etihad Airways in embattled Indian carrier Jet Airways. The report ” is factually incorrect and no such transaction has been contemplated,” SBI said in a statement today. The clarification comes in the wake of heavy criticism that […]
Pharmaceutical major Lupin said that it has launched the generic equivalent of AbbVie Inc’s Synthroid tablets. The Levothyroxine Sodium tablets is used to treat thyroid hormone deficiency, including the severe form known as myxedema coma. It is also used to treat and prevent certain types of thyroid tumors. It is taken by mouth or given […]
India’s largest multiplex chain PVR Cinemas launched its eighth multiplex in Hyderabad. The six-screen property, located at the Hyderabad Next Galleria mall in Musarambagh spreads across an area of 26,630 square feet and has a seating capacity of 985 seats. It comes with a BARCO 2K projection system that offers better picture quality, according to […]
Tata Communications has tied up with China Telecom to allow the latter to launch IoT services across the world using the Indian provider’s network. Tata Communications, formerly known as VSNL, is one of the world’s largest Tier I network, which has touchpoints with nearly all other networks in the world. The tie-up will allow China […]
Cox and Kings said that its hotel subsidiary Meininger Hotels announced the opening of its first hotel in Hungary. The hotel, named Meininger Budapest Great Market Hall, will have 751 beds in 184 rooms spread over 6,600 square metres on seven floors. The new hotel is located in the Ferencydros district, close to the Great […]
Pharmaceutical manufacturer Zydus Cadila said that it received final approval from the United States Food and Drug Administration for the sale of a generic version of Valeant’s Zovirax ointment. Acyclovir, belonging to a class of medications called antivirals, is used to treat cold sores or fever blisters caused by herpes viruses. The ointment will be […]
GHCL, one of India’s leading manufacturers of home textiles launched a traceable Egyptian cotton bedding brand called Nile Harvest. The products will be sold mainly in the US and UK markets. The company has partnered with Tailorlux GmBH of Germany to use its IntegriTex technology for the marking and traceability of Egyptian cotton. The firm […]
India’s largest smartphone maker Xiaomi has launched Mi Pay, its payment service, in India, marking the first time the service has been expanded beyond its home market of China. The company will use the National Payment Corporation of India’s UPI and Bharat Bill payment network for its core functionality. The company has tied up with […]
Debt-ridden airline operator Jet Airways said it was grounding four more aircraft due to non-payment of lease amounts, and that it will also default on interest payments to its debenture holders due tomorrow. It is estimated a total of 40 plus aircrafts have been grounded by the airline so far. “..the payment off interest due […]
Mumbai-based pharmaceutical firm Glenmark Pharmaceuticals said it received final approval from the US Food and Administration (USFDA) for the sale of a generic version of Valeant Bermuda’s acne treatment, BenzaClin. Clindamycin and benzoyl peroxide gel is a combination of clindamycin, an antibiotic and benzoyl peroxide, an antiseptic. The gel is mainly used on the skin […]
Real estate firm Brigade Enterprises said it plans to set up seven co-working facilities in three cities as it enters one of the fastest growing segments in commercial real estate. Brigade’s Buzzworks coworking venture will start off with 2,500 seats, the company said. Coworking spaces refer to large buildings full of flexible ‘work spaces’ that […]
Jewellery manufacturer Rajesh Exports said it has won an order worth Rs 1079 crore from a “leading wholesaler and stockist” from the Middle East. The order has to be fulfilled by June. The company had recently introduced new designs in the international markets which constitute a new range of jewellery. The company said it has […]
Jubilant FoodWorks Limited (JFL), which operates the Dominos and Dunkin brands of fast food in India, has entered the Chinese food segment with an aim to make it affordable to the average customer. The company opened its first Hong’s Kitchen outlet today in Eros mall, Gurugram. At present, the market for Chinese food in India […]
