Sales of Indian pharma companies to rise: Fitch Ratings
Sales of Indian pharma companies to rise: Fitch Ratings

Sales of Indian pharma companies to rise: Fitch Ratings

Amir Shaikh Article rating: 4.7

Fitch Ratings, in its recently released report, said that the sales of Indian pharmaceutical companies will rise after a gradual easing of the Coronavirus pandemic-related lockdown measures that caused disruptions across most markets in the first quarter of FY21

Biocon Biologics & Mylan launches Semglee in US for diabetes patients
Biocon Biologics & Mylan launches Semglee in US for diabetes patients

Biocon Biologics & Mylan launches Semglee in US for diabetes patients

Amir Shaikh Article rating: 5.0

Biocon's subsidiary Biocon Biologics India Ltd, a fully-integrated pure-play biosimilars company and Mylan announced the launch of Semglee (insulin glargine injection) in the US to expand access for diabetes patients

Reliance Infrastructure makes another loan default
Reliance Infrastructure makes another loan default

Reliance Infrastructure makes another loan default

Amir Shaikh Article rating: 4.9

Anil Ambani-led Reliance Infrastructure informed the bourses on Monday that it has defaulted on the repayment of a loan. The company's stock has deteriorated almost 95 in the last couple of years. The company in its latest quarterly filing has said that it has nearly Rs 60,000 crore of receivables pending

Ind-Ra believes rural economy revival may not offset urban demand
Ind-Ra believes rural economy revival may not offset urban demand

Ind-Ra believes rural economy revival may not offset urban demand

Amir Shaikh Article rating: 4.9

In the recently released report, India Ratings & Research (Ind-Ra) has expressed that despite the share of agriculture in India's gross value, which is 17 per cent, the rural demand at best can extend support to consumption demand but cannot be a substitute for urban demand

Ramco Systems signs multi-million dollar agreement; stock shines
Ramco Systems signs multi-million dollar agreement; stock shines

Ramco Systems signs multi-million dollar agreement; stock shines

Amir Shaikh Article rating: 3.5

Ramco Systems informed the bourses on Tuesday that it has entered into a multi-million dollar agreement with leading utilities and infrastructure group with diversified businesses in Malaysia

Retail food inflation to ease in second half of FY21: CRISIL
Retail food inflation to ease in second half of FY21: CRISIL

Retail food inflation to ease in second half of FY21: CRISIL

Amir Shaikh Article rating: 4.8

CRISIL expects India’s retail food inflation, which is measured through consumer price index (CPI), to cool down in the second half of the ongoing fiscal year on account of the effect of the high base of the previous year, along with a bumper Rabi harvest and a good prospect of Kharif harvest

Alembic Pharmaceuticals announces USFDA approval for Desonide Lotion
Alembic Pharmaceuticals announces USFDA approval for Desonide Lotion

Alembic Pharmaceuticals announces USFDA approval for Desonide Lotion

Amir Shaikh Article rating: 5.0

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), DesOwen Lotion, 0.05 per cent of Galderma Laboratories LP. Desonide Lotion is low to medium potency corticosteroids indicated for the relief of inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses.

USFDA approves Ramelteon tablets; Granules India surges
USFDA approves Ramelteon tablets; Granules India surges

USFDA approves Ramelteon tablets; Granules India surges

Amir Shaikh Article rating: 5.0

Granules India informed the bourses on Saturday that United States Food & Drug Administration (USFDA) has approved the abbreviated new drug application (ANDA) filed by its wholly-owned foreign subsidiary, Granules Pharmaceuticals, Inc (GPI) for Ramelteon tablets, 8 mg

State-run banks may need Rs 1.9-2.1 lakh crore of capital infusion: Moodys
State-run banks may need Rs 1.9-2.1 lakh crore of capital infusion: Moodys

State-run banks may need Rs 1.9-2.1 lakh crore of capital infusion: Moodys

Amir Shaikh Article rating: 5.0

Global rating agency in its latest report stated that in order to restore loss-absorbing buffers due to the COVID-19 hit, India’s state-run banks may need Rs 1.90 to 2.10 lakh crore of external capital over the next two years

PNB Housing Finance approves fundraising of Rs 1,800 crore
PNB Housing Finance approves fundraising of Rs 1,800 crore

PNB Housing Finance approves fundraising of Rs 1,800 crore

Amir Shaikh Article rating: 4.5

PNB Housing Finance informed the bourses that its board of directors at its meeting held on August 19, 2020, have approved the fundraising plan through equity capital aggregating up to Rs 1,800 crore through preferential issue or rights issue

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