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HDFC Bank reports 21% rise in Q2 net profit

HDFC Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 20.59% rise in its net profit at Rs 5,005.73 crore for the quarter under review as compared to Rs 4,151.03 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

RIL’s telecom arm unveils second Diwali offer

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) — has launched second Dilwali offer, where pre-paid customers recharging Rs 149 or above will get 100% cashback in the form of coupons which can be used to purchase products at Reliance Digital stores or MyJio stores. The offer is ... Read More »

Biocon, Mylan N.V. receive positive CHMP opinion for Ogivri

Biocon and Mylan N.V. have announced that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has issued a positive opinion recommending approval of Ogivri, a biosimilar to Roche’s Herceptin (trastuzumab). The positive CHMP opinion is based on data submitted as part of the Marketing Authorization Application ... Read More »

Lupin Neurosciences receives positive CHMP opinion for NaMuscla

Lupin Neurosciences, a specialty pharma division of Lupin has announced that the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMA), has adopted a positive opinion recommending the marketing authorization of NaMusclaim (mexiletine hydrochloride) for the symptomatic treatment of myotonia in adults ... Read More »

SBI Life reports 11% rise in Q2 net profit

SBI Life has reported results for second quarter ended September 30, 2018. The company has reported 11.11% rise in its net profit at Rs 250.53 crore for the quarter under review as compared to Rs 225.47 crore for the same quarter in the previous year. Total income of the company ... Read More »

M&M’ Marazzo registers over 10,000 bookings in just 1 month

Mahindra & Mahindra (M&M) has received over 10,000 bookings for its multi-purpose vehicle Marazzo in just over a month of its launch. The company had launched the model on September 3, 2018 with price starting at Rs 9.99 lakh in ex-showroom. Mahindra & Mahindra (M&M) is the flagship company of ... Read More »

Strides’ arm receives USFDA’s approval for Gabapentin Capsules

Strides Pharma Science’s step‐down wholly owned subsidiary, Strides Pharma Global Pte, has received approval for Gabapentin Capsules USP, 100 mg, 300 mg, and 400 mg from the United States Food and Drug Administration (USFDA). Gabapentin Capsules is a generic version of Neurontin Capsules of Pfizer. The product received approval in ... Read More »

Havells India reports 4% rise in Q2 net profit

Havells India has reported results for second quarter ended September 30, 2018. The company has reported 4.44% rise in its net profit at Rs 178.62 crore for the quarter under review as compared to Rs 171.02 crore for the same quarter in the previous year. Total income of the company ... Read More »

ACC reports 15% rise in Q3 consolidated net profit

ACC has reported results for third quarter ended September 30, 2018. The company has reported a rise of 15.68% in its net profit of Rs 205.55 crore for the quarter under review as compared to Rs 177.69 crore for the same quarter in the previous year. Total income of the ... Read More »

USFDA issues four minor observations to JB Chemicals’ Gujarat facility

US Food and Drug Administration (USFDA) has issued four minor observations to JB Chemicals & Pharmaceuticals’ solid oral manufacturing facility at Panoli, Gujarat. The company proposes to address these observations within next 15 days. These observations will not have any impact on the current business and will facilitate ANDA of ... Read More »

Intellect’s iGTB enters into partnership with PPI AG

Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena, and PPI AG, the leading software product company in Europe have entered into partnership to provide advanced end-to-end integrated solutions for transaction banking localised for the needs of German and French banks. With the average IT spent ... Read More »

Persistent Systems, Partners HealthCare launch new center of excellence

Partners HealthCare in collaboration with Persistent Systems has formed a new center of excellence – Partners HealthCare Pivot Labs that aims to disrupt the delivery of healthcare to enhance the patient experience, improve clinical outcomes and control costs. Focusing on preventive care, chronic care management and care coordination, Partners Pivot ... Read More »

DCB Bank reports 25% rise in Q2 net profit

DCB Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 24.69% rise in its net profit at Rs 73.44 crore for the quarter under review as compared to Rs 58.90 crore for the same quarter in the previous year. Total income of the Bank ... Read More »