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Lupin receives USFDA approval for Budesonide Inhalation Suspension

Lupin has received approval for its Budesonide Inhalation Suspension, 0.5 mg/2 mL Single-Dose Ampules from the United States Food and Drug Administration (USFDA) to market a generic version of AstraZeneca Pharmaceuticals LP’s (AstraZeneca) Pulmicort Respules Inhalation Suspension, 0.5 mg/2 mL. Lupin’s Budesonide Inhalation Suspension, 0.5 mg/2 mL Single-Dose Ampules is ... Read More »

Jet Airways reports net loss of Rs 1,297 crore in Q2

Jet Airways (India) has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 1,297.46 crore for the quarter under review as against net profit of Rs 49.63 crore for the same quarter in the previous year. However, total income of the company ... Read More »

ITC’s food park, luxury hotel in Odisha to commence operations in 2019

ITC’s investment projects in Odisha, including the integrated foods manufacturing facility and luxury hotel in Bhubaneswar under the ‘WelcomHotel’ brand will commence operations by the end of 2019. The FMCG major will manufacture some of its foods brands like ‘Aashirvaad’, ‘Sunfeast’, ‘YiPPee!’ and ‘Bingo!’ in the integrated unit in Khurda. ... Read More »

DHFL planning to raise funds worth Rs 1500 crore via NCDs

Dewan Housing Finance Corporation (DHFL) is planning to raise funds through issue of Secured Redeemable Non-Convertible Debentures (NCDs) amounting to Rs 1500 crore on Private Placement basis. DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The ... Read More »

Vedanta planning to inject Rs 15,000 crore in Odisha

Vedanta is planning to inject Rs 15,000 crore to raise the alumina refinery capacity at Lanjigarh three-fold to 6 mtpa and firm up downstream sector in Odisha in three years. The company has already invested over Rs 50,000 crore in Odisha projects. Vedanta is a diversified natural resources company, whose ... Read More »

Bank of India reports net loss of Rs 1,156 crore in Q2

Bank of India has reported results for second quarter ended September 30, 2018. The Bank has reported net loss of Rs 1,156.25 crore for the quarter under review as against net profit of Rs 179.07 crore for the same quarter in the previous year. Total income of the Bank decreased ... Read More »