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 […]
Cloud-based software vendor Ramco Systems’ said it won a multi-million dollar order from Philippines-based logistics and money transfer company LBC Express, a year after getting its first order from the company. The first order was to deploy a cloud-based HR management system, while the latest order is in the nature of ERP deployment to manage […]
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 […]
India’s fifth largest private sector bank Yes Bank said it is raising $400 Mn — about Rs 2,600 cr — through two five-year syndicated loans from banks in Taiwan and Japan. It will raise $250 Mn from Taiwanese banks and 16.5 Bn Yen — about $150 Mn — from Japan. “YES BANK has successfully tied […]
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 […]
Wipro Lighting said it has signed up with CISCO to incorporate the latter’s Internet technology-based control systems. With this, said the Bangalore-based company, some of its products can be controlled by and linked to a single, converged IP network based on Cisco’s Digital Building Solutions technology. The technology enables large buildings to save on power […]
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 […]
Idea Cellular, reportedly India’s third largest 4G operator by volume, has started offering a 100% cash-back scheme even as the Cellular Operators Association has complained against such schemes. Similar cash back schemes have been announced by Reliance Jio in an effort to maintain its subscriber base. Like Jio, Idea too offers cash back coupons of […]
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 […]
Anil Ambani Group’s Reliance Communication said it has sent ‘cease and desist’ notices to its rivals trying to win over its enterprise customers by creating fear about the company shutting down. The development comes in the wake of announcements by the company that it was gradually shutting down its GSM and 3G network to focus […]
Tata Consultancy Services, India’s biggest foreign exchange generator, said it has set up a Global Development Center in Hyderabad to cater to Zebra Technologies, a billion-dollar US corporation that specializes in tracking technologies such as bar codes and RFID. The new center will provide “operational efficiencies and an enhanced customer experience” for the client, TCS […]
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 […]
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 […]
