Pharma Major Lupin said received final approval for launching a generic version of Mallinckrodt Inc.’s Roxicodone Tablets in the United States. The drug is used for the management of pain severe enough to require an opioid analgesic and for which alternative treatments are inadequate, the company said. Roxicodone Tablets has US sales of USD 344 […]
Where the sun cannot reach, a poet’s words can, goes a popular saying. At a time when the concept of South Asian community and solidarity is receding due to the onslaught of geopolitical interests and the widening distrust among regional countries, poets are imagining what politicians have failed to do. They still hold the view […]
Reliance Industries said it commissioned its third and last crystallization train at its paraxylene complex at Jamnagar, making the company the biggest manufacturer of the key ingredient used in plastic production. Paraxylene is used to make intermediate chemicals that are then used to manufacture polyethylene terephthalate or PET. PET bottles are widely used for water […]
State Bank of India said it raised Rs 15,000 cr by selling its shares in a ‘qualified institutional placement’ or QIP, making it the largest such transaction in Indian share market history. QIP’s usually involve selling shares exclusively to big institutions such as mutual funds, banks and other investment houses and are cheaper and quicker than […]
Prominent activists such as Kanhaiya Kumar, Jignesh Mavani, Tehseen Poonawalla and Shehla Rashid have formed an anti-lynching front in the background of vigilante attacks in the name of religious symbols like the cow. Under the banner of the National Campaign Against Mob Lynching, the platform will fight against what it calls “cultural terrorism” that it […]
Godrej Properties Ltd announced its first project in Sohna in the National Capital region. The project, which involves approximately 157,000 square meters (approximately 1.7 million sq. ft.) of saleable area , will be located in Sector 33. “This project will offer and will be developed as a modern group housing development. This project is located […]
Two- and three-wheeler maker Bajaj Auto said its sales volumes for the month of May fell 10% compared to last year to 3.13 lakh units. Motorcycle sales fell by 10% to 2.77 lakh. Domestic motorcycle sales fell by 13% to 1.57 lakh, while exports fell 5% to 1.21 lakh. This is contrast to April, when […]
Is this mother of all bomb blast? If one looks at the magnitude of Wednesday morning’s explosion in Kabul, one scouts to find a parallel in recent times. A sewage tanker laden with bomb is denoted at the heart of Kabul city surrounded by presidential palace and many prominent embassies. Kabul is not new to […]
The bomb blast that took place a few minutes ago near the German and Indian embassies in Kabul killed at least 50 people and injured another 50, Afghanistan’s ministry of interior spokesperson Najib Danish said. The blast, considered to be one of the biggest in recent years, happened inside the diplomatic area in the heart […]
Larsen & Toubro recorded revenue of Rs 36,828 crore for the final quarter of the financial year, recording an increase of 12% on a y-o-y basis. The overall PAT for the quarter January to March 2017 stood at Rs 3,025 crore higher by 29.5%, as compared to Rs 2,335 crore recorded for the corresponding quarter […]
Fitch Ratings said it downgraded IDBI Bank’s Long-Term Default Rating and its ‘viability rating’ by one notch each to ‘BB+’ and ‘ccc’ with a stable outlook. “IDBI Bank’s Viability Rating reflects the deterioration of its financial profile in the last two years and our expectation that both asset quality and capital will remain significant ongoing […]
Indraprastha Gas Limited, the supplier of Compressed Natural Gas and Piped Natural Gas in the National Capital Territory of Delhi, Noida, Greater Noida & Ghaziabad today announced its Q4 results. The company’s net profit for the three months ended March increased from Rs. 108.96 crores in corresponding period last year to Rs 133.5 crore in […]
Asahi India said it will set up a state-of-the-art automotive glass plant near Mehsana in Gujarat, primarily to meet the requirements of Maruti Suzuki at its newly-established Gujarat plant. AIS will invest up to Rs 500 crore in the facility in two phases, it said. In the first phase, the plant will have capacities to […]
India’s premier public sector miner has auctioned rough diamonds worth over Rs 110 cr via e-auction, beating a slowdown in India’s gems and jewellery sector. It is “a significant development amidst the global slowdown in diamond industry,” said mjunction, an e-auction company that also helped with India’s spectrum sales. “The e-auction process has successfully overcome […]
When Hussain Rasheed started talking about his son, a sob choked his voice. His feeble reply wasn’t even audible to the small gathering for sometime. When he regained his composure the first question he asked: Why was my son killed? What was his crime? The only crime of Yameen Rasheed,an independent blogger, was that he […]
Zee Media Ltd, the news broadcasting company of the Essel Group, has launched Zee Hindustan, a self-described ‘nationalist’ Hindi news channel. Most Indian news channels are ‘nationalist’ already, and it is unclear how the new venture from the media house plans to be sufficiently different. “Indian Television Industry will witness the new age News business […]
IDBI Bank, one of India’s largest government-controlled banks, said it received notice of strike from the “United Forum of IDBI Bank Officers and Employees”. The strike will be on Tuesday, May 23, and is aimed at demanding “revision of pay and allowances and other issues,” the bank said. The Forum represents a section of its employees and […]
Jammu & Kashmir politician Bhim Singh has sided with separatist leader Yasin Malik in the controversy surrounding a scuffle between journalists of India Today group and Malik. India Today claimed that Yasin Malik assaulted its crew and destroyed their gadgets when they it went to get a reaction from Malik on a story that they […]
O Paneerselvam, the ex-chief minister of Tamil Nadu and the leader of a prominent faction within the All India Anna Dravida Munnetra Kazhakam (All India Anna Dravida Advancement Front) has indicated that his faction is open to an alliance with the Bharatiya Janata Party. Panneerselvam had been expected to support the BJP after some crucial […]
Sri Sri Ravishankar, a propagator of Yoga and ancient Indian wisdom, criticized the tendency to oppose any particular community in the name of patriotism. In an interview with WION TV channel, the spiritual leader also asked vigilantism related to cow to be treated and dealt with as criminal instances. On Triple Talaq, he said human […]
