Government disburses Rs 1,596 crore in six PLI schemes during April-September this fiscal
The government has disbursed Rs 1,596 crore under Production-Linked Incentive (PLI) schemes for six sectors, including electronics and pharma, during the April-September this fiscal, an official said. The government in…
Cipla Q2 earnings preview: Margins under pressure as US, domestic sales outlook remains modest
Shares of Cipla dropped 3.55 percent, trading at Rs 1,450 on the BSE on Tuesday as investors await the company’s Q2 FY25 results scheduled for release today, October 29, 2024….
Sigachi Industries announces innovative pharmaceutical film coatings, polymer blends
Sigachi Industries has unveiled two new product lines – PureCoat and UltraMod – which are innovative pharmaceutical film coatings and polymer blends. “These cutting-edge solutions are poised to transform the…
Pharma company partners with UK firm to manufacture Lithium Carbonate in India
Pharma company Remedium Lifecare has entered into a strategic agreement with Angel Partners, Ltd., UK, to acquire technology for manufacturing lithium carbonate in India. The company has also signed an…
India to witness over 6% employment growth across key industries in April-September
India is set to see significant employment growth in the first half of the current fiscal year (FY25) across key industries, led by healthcare, pharma, automotive, manufacturing, engineering and infrastructure…
Balaxi Pharmaceuticals announces global expansion
Balaxi Pharmaceuticals Limited has announced global expansion. In an exchange filing, the company shared details about strategic hospital partnerships in Angola and securing tender business in Latin America. The company said…
USFDA pulls up Natco Pharma for manufacturing lapses at Telangana plant
Natco Pharma failed to maintain cleanliness, sterilise equipment and utensils at appropriate intervals at its Telangana-based plant, as per the US health regulator. In the warning letter to the company,…
Cipla to acquire Ivia Beaute’s cosmetics, personal care distribution and marketing biz for Rs 130 crore
Pharma major Cipla Ltd will acquire the cosmetics and personal care distribution and marketing business of Ivia Beaute Pvt Ltd, including the latter’s brands Astaberry, Ikin and Bhimsaini, on a…
Cipla Q4 net profit jumps over 2-fold to Rs 357.68 cr; to raise up to Rs 6,000 cr
Drug major Cipla Wednesday reported over two-fold jump in consolidated net profit to Rs 357.68 crore for the fourth quarter ended March 31, mainly on account of robust sales across…
Glenmark Pharma gets USFDA nod for cholesterol lowering drug
Glenmark Pharmaceuticals Friday said it has received final approval from the US health regulator for Ezetimibe and Simvastatin tablets, used for treating high levels of cholesterol in the blood. Citing…
Aarti Drugs has a CapEx Plan of Rs 600 crore for Greenfield Projects: Adhish Patil, CFO
Adhish Patil, CFO, Aarti Drugs Ltd, talks about Q3FY21 numbers, PLI Scheme, CapEx and budget expectations during a candid chat with Swati Khandelwal, Zee Business in the run-up to the…
Exclusive: In chat with Anil Singhvi, IOL Chemicals’ Joint MD Sandeep Garg discusses Q3 results, business outlook
In today’s episode of News Par Views, Zee Business Managing Editor Anil Singhvi spoke to Sandeep Garg, Joint Managing Director (Jt MD) of IOL Chemicals. The company was started in 1986 and is…
Dr Reddy’s Lab inks licensing pact with US-based Slayback Pharma
The company has inked a licensing pact with the NewJersey-based drug firm to acquire rights in Brimonidine Tartrate Ophthalmic Solution 0.025 percent, the Hyderabad-based firm said in a statement. As…
Dollar Index jumps to 5-week high: Analysts decode its impact on IT, Pharma and Apparel sector – What should investors know
For some sectors, it’s good news, and for some it’s bad, the dollar index has jumped to a five-week high on Friday to 109 level, which is the highest since…
Sun Pharma near its 7-year high ahead of second quarter results: Buy, sell or hold? Expert suggests strategy
Sun Pharmaceuticals Industries stocks gained on Tuesday on positive July-September quarter estimates. The scrip quoted Rs 1034 apiece on NSE, up 1 per cent, in afternoon session. The drug maker also…
Bravo Pharma officially partners with G42 Healthcare to spearhead the field of Genomics
World-leading healthcare specialists Bravo Pharma have officially entered a strategic partnership with the region’s pioneering AI-powered healthcare company G42 Healthcare. In addition to this partnership, Bravo Pharma has also organized…
Blackstone likely to acquire promoter stake in Cipla: What is Blackstone? Its history, big acquisitions and controversies
Shares of Cipla surged more than 6 per cent in morning trade on Friday to hit a fresh 52-week high amid the buzz over one of largest global private equity…
Torrent Pharma shares hit 52-week high on growth in June quarter net profit and revenue
Torrent Pharmaceuticals Ltd shares registered a new 52-week high of Rs 2,089.85 per piece on the BSE on Tuesday after the company reported a rise in net profit and revenue…
