Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for Teriflunomide Tablets, 7 mg and 14 mg, a generic version of Aubagio Tablets, 7 mg and 14 mg, of Sanofi-Aventis U.S., LLC. With respect to 180-day generic drug exclusivity, the company was one of the … Read more
Karnataka Bank has launched Current & Savings Accounts campaign (CASA) of FY 2018-19 and introduced a new SB scheme ‘KBL SB – TASC’ a specialized product for Trusts/Associates/Societies/Clubs. Under this nationwide campaign starting from November 15, 2018 to February 28, 2019, Bank intends to open more than 4.18 lakh Current & Savings accounts by active … Read more
Mahindra & Mahindra’s (M&M) subsidiary — Mahindra Electric Mobility has opened its electric technology manufacturing hub set up with an investment of Rs 100 crore in Bengaluru. The plant uses global standards of manufacturing processes and will increase the manufacturing capacity to 25,000 units per annum. Branded under the umbrella of +ME technologies, the facility … Read more
Venus Remedies has reported positive Top-Line results in its Phase-3 Clinical Trials for its flagship product ELORES. The results were presented at IDWeek 2018 in San Francisco. IDWeek is an annual scientific meeting of the Infectious Diseases Society of America (IDSA). The company’s four abstracts were accepted for poster presentations at the IDWeek 2018. These … Read more
ITC is eyeing at portfolio expansion in its food division to achieve the stated vision of the company of achieving Rs 1 lakh crore turnover from FMCG by 2030. The food category, which drives the fast moving consumer durable industry, is expected to contribute around 60-65% of its turnover by 2030. The company will expand … Read more
Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of the Reserve Bank of India for issue size not exceeding Rs 1,500 crore, with a base issue size upto Rs 500 crore and a Green shoe option to retain over-subscription upto Rs 1,000 … Read more
Wires & Fabriks (S.A.) has received an approval for the capacity expansion project to add state-of-art machines, modemisation of existing machines/equipment and new buildings to improve technology/quality, add additional products and optimise capacities at the existing location at Jaipur. The project is expected to be completed in 2021. The Board of Directors of the company … Read more
