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AMJ Land Holdings gets approval for scheme of amalgamation

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject to all requisite approvals including sanction by the National Company Law Tribunal. The Board of Directors of the company ... Read More »

Petrol, diesel prices cut for fourth straight day

Petrol and diesel prices were cut for the fourth straight day on Sunday on softening international oil prices, providing some relief to consumers battered by two months of relentless rate hikes. Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification ... Read More »

RIL gains on the bourses

Reliance Industries (RIL) is currently trading at Rs. 1111.00, up by 9.35 points or 0.85% from its previous closing of Rs. 1101.65 on the BSE. The scrip opened at Rs. 1111.00 and has touched a high and low of Rs. 1111.00 and Rs. 1111.00 respectively. The BSE group ‘A’ stock of face ... Read More »

Alembic Pharmaceuticals’ JV clears first USFDA inspection at its Gujarat facility

Alembic Pharmaceuticals and Orbicular Pharmaceutical Technologies’ Joint Venture (JV) Company — Aleor Dermaceuticals has successfully cleared its first United States Food and Drugs Administration (USFDA) inspection of its new formulation manufacturing facility located at Karakhadi in the state of Gujarat; without any observations. The scheduled inspection was carried out between ... Read More »

Tejas Networks bags order worth Rs 111 crore from Sterlite Technologies

Tejas Networks has received a purchase order of Rs 111 crore for Indian Navy’s country wide next generation digital communications network from Sterlite Technologies, a global data network solutions company. As a part of this order, the company will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet ... Read More »

CONCOR signs agreement with Kribhco Infrastructure

Container Corporation of India (CONCOR) and Kribhco Infrastructure (KRIL) have entered into an agreement, wherein CONCOR will operate & manage the Bonded Area at KRIL’s Terminal at Modinagar in the state of Uttar Pradesh, for handling of EXIM traffic. This will help to promote and meet the growing needs of ... Read More »

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 »