- Aurobindo Pharma has received final approval from the USFDA to manufacture and market Sevelamer Carbonate tablets in the American market. The tablets are indicated for control of serum phosphorus in patients with chronic kidney disease on dialysis. This product, a therapeutic equivalent generic version of Genzyme's Renvela tablets, is being launched immediately. The approved product has an estimated market size of USD 1.9 billion for the 12 months to May 2017, according to IMS.
- Natco Pharma had received the Establishment Inspection Report (EIR) from the United States (US) Food and Drug Administration (FDA) for the inspection conducted at its drug formulations facility at Kuthur Unit, Telangana.EIR is given when the unit meets the expectations of the US drug regulator on current good manufacturing practice (CGMP) regulations and other aspects.
- Suven Life Sciences has secured a product patent from Australia corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2034.
- Zydus Cadila has launched mesalamine delayed release tablets, used for the treatment of ulcerative colitis, in the US market. Zydus Cadila said this product is the only generic of Lialda available to patients in the US.
- Ultratech Cement announced a `2,600-crore new integrated cement plant in Madhya Pradesh with a capacity of 3.5 million tonne per annum, which will increase its capacity to 96.5 mt by FY19.
- Apollo Hospitals is gearing for the next stage of an expansion plan that would see an addition of around 2,000 beds. The hospital chain is in the final stage of its current three-year expansion plan, which targeted to add 2,500 beds.
- Mahindra and Mahindra is set to open its maiden greenfield auto manufacturing plant in Detroit this fiscal year--the first Indian car company that will have one in the country--to make off-road utility vehicles as the $19 billion conglomerate looks to double its bets in one of the world's most important markets, said group chairman Anand Mahindra.
- Tata Motors rolled out the country's first bio-CNG (bio-methane) bus. The company displayed three models, including the lead model Tata LPO 1613 with 5.7 SGI NA BS-IV IOBD-II compliant bus.
- Bata India plans to open 100 new company-owned stores this year apart from expanding into smaller markets with around 30 franchisee-owned outlets
Oil & Gas
- Oil India has submitted a feasibility report to the Central government for laying gas pipeline from Barauni in Bihar to Numaligarh in Assam to tackle shortage of gas in the North Eastern state.
- HPCL will invest 61,000 crore over the next four years in expanding and upgrading its existing refining capacity to meet higher quality fuel norms.
- JSW Group is in talks with West Bengal government to set up an industrial park on 2500 acres of land at Salboni, the site of its proposed steel cum power unit. While the group had acquired nearly 4300 acres, it is hoping to use 1500 acres for setting up various units under its paints, cement and steel and power business.
Click here to read the full report
- Tata Sponge Iron has received environment clearance to raise the capacity of its Keonjhar facility in Odisha to 425,000 tonnes per annum.