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Alembic gets USFDA nod to market generic drug

New Delhi, Apr 20 (PTI) Alembic Pharmaceuticals on Wednesday said it has received approval from the US health regulator to market lvabradine tablets, used to treat heart failure, in the American market. The company has received tentative approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for lvabradine [...]

Govt support, investments needed to support innovation in traditional medicine: WHO chief

Gandhinagar, Apr 20 (PTI) World Health Organisation (WHO) Director General Dr Tedros Ghebreyesus on Wednesday said that long-term strategic investments along with government support are crucial for fostering innovation in the field of traditional medicine. He was speaking at the inaugural function of the three-day Global Ayush Investment and Innovation Summit at Mahatma Mandir here [...]

HDFC to sell 10 pc stake in HDFC Capital to ADIA for Rs 184 crore

New Delhi, Apr 20 (PTI) Mortgage firm HDFC Ltd on Wednesday announced sale of a 10 per cent stake in its private equity arm HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore. ADIA is also the primary investor in the alternative investment funds managed [...]

Boehringer Ingelheim India seeks system to keep tab on patent infringement

New Delhi, Apr 20 (PTI) Drug major Boehringer Ingelheim India has urged authorities to put in place a system that will inform patent holders whenever an application is filed by local brands for generic versions of patented molecules. The demand of the company, which is part of Germany's privately-held Boehringer Ingelheim, also comes at a [...]

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While bringing traditional medicines in markets we must ensure communities that nurtured and passed on this knowledge also benefit from their development: WHO DG Ghebreyesus. PTI KA PD NSK NSK

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Innovators, industry and government need to develop traditional medicine in sustainable, environmentally sensitive and equitable manner: WHO DG Ghebreyesus at AYUSH investment and innovation summit. PTI KA PD NSK NSK

NWORX launches NWORX3 to amp up Employee Productivity

NWORX3 amplifies workplace productivity and professional development of employees through performance coaching and efficient skill-building in real-time business situations. BANGALORE, India, April 20, 2022 /PRNewswire/ -- NWORX - the B2B SaaS platform that embeds productivity enhancement & professional development into everyday work, has recently released 'NWORX3' - the first-of-its-kind technology that enables employee excellence and [...]

Dickenson World adds three new Directors to match post-COVID business momentum

MUMBAI, India, April 20, 2022 /PRNewswire/ -- Capital Markets Communications specialist Dickenson World responds to rampant post-COVID growth with the addition of three new directors. This addition to the leadership team comes when Dickenson World is investing in expanding its infrastructure and intellectual bandwidth catering to a post-pandemic business environment. Investor positioning, integrated reporting, ESG [...]

AB InBev GCC Sets New Standards of Excellence Across Its Business Processes

Saves multi-million dollars in business processes through process mining India – Business Wire India AB InBev Global Capability Center (AB InBev GCC) today announced that it has set up a process mining center of excellence (COE) to help drive efficiencies in its business processes. This COE, established in the latter part of the previous year, [...]
HDFC to sell 10% stake in HDFC Capital to Abu Dhabi Investment Authority for Rs 184 crore

HDFC to sell 10% stake in HDFC Capital to Abu Dhabi Investment Authority for Rs 184 crore

Mortgage firm HDFC Ltd on Wednesday announced sale of a 10 per cent stake in its private equity arm HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore. ADIA is also the primary investor in the alternative investment funds managed by USD 3 billion-HDFC Capital. [...]

Sona Comstar signs pact with Canada-based Enedym to produce magnet-less EV motors

Mumbai, Apr 20 (PTI) Auto parts maker Sona Comstar on Wednesday said it has formed a strategic partnership with Canada-based Enedym Inc to produce magnet-less electric vehicles motors in India. Enedym develops next generation switched reluctance motors (SRMs), electric propulsion, and electrified powertrains. Under the agreement, the two parties will develop SRM drive platforms for [...]

COVID-19: Death toll in China’s Shanghai rises to 17; cases begin to fall

Beijing, Apr 20 (PTI) China’s business hub Shanghai has reported seven more fatalities due to COVID-19, taking the death toll to 17 amidst signs of a declining trend in fresh cases, the health commission said on Wednesday. The Chinese mainland on Tuesday reported 2,753 locally-transmitted COVID-19 cases, of which 2,494 were in Shanghai, according to [...]

Need to address serious energy security concern: India amid rising food, energy costs due to Ukraine conflict

United Nations, Apr 20 (PTI) With food and energy costs spiralling, especially for many developing countries in the wake of the Russia-Ukraine conflict, India has for the first time told the UN Security Council that energy security is a "serious concern” and needs to be “addressed through cooperative efforts.” India’s Deputy Permanent Representative at the [...]

Oizom sets up 129 air quality monitors across 9 Smart Cities in India

AHMEDABAD, India, April 20, 2022 /PRNewswire/ -- An India-based environment monitoring technology solutions provider, Oizom has established a new project in Bhagalpur Smart City, Bihar, with its smart, affordable and accurate Air Quality Monitoring system. The Government launched the 100 Smart Cities program in 2015, for which Oizom has pioneered in providing robust, accurate and [...]

Excelra Makes Strategic Investment in Anlitiks, a Disruptive HEOR and RWE Technology-led Consulting Company

HYDERABAD, India and BOSTON, Mass., April 19, 2022 /PRNewswire/ -- Excelra, a leading global Data and Analytics provider for Life Science organizations, has announced a strategic majority investment in Anlitiks, a young and rapidly growing technology company in the value and evidence domain. The investment reinforces Excelra's push into the Health Economics and Outcomes Research [...]

Urgent need for coordinated action across countries for swift post-pandemic recovery: Sitharaman at G20 EMEs meeting

Washington, Apr 20 (PTI) Finance Minister Nirmala Sitharaman has said that there is an urgent need for coordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks as she attended the G20 Emerging Market Economies meeting here. Sitharaman shared her insights on the economic outlook, risks [...]

FM Sitharaman meets FSB Chair Knot, CFLI Vice Schapiro in US

Washington, Apr 20 (PTI) Finance Minister Nirmala Sitharaman has held talks with Financial Stability Board Chair Klass Knot and Vice of the Climate Finance Leadership Initiative (CFLI) Mary Schapiro here and exchanged views on dimensions of risk in crypto eco-system and development of GIFT City, India's first operational smart city. Sitharaman, who arrived in Washington [...]

Fortis Healthcare case: Sebi slaps Rs 24 cr penalties on Singh brothers, 7 other entities

New Delhi, Apr 19 (PTI) Markets regulator Sebi on Tuesday imposed penalties totalling Rs 24 crore on nine entities, including businessmen Malvinder Mohan Singh and Shivinder Mohan Singh, in connection with violations in the Fortis Healthcare matter. In addition, the regulator has barred Singh brothers and others from the capital markets. The case relates to Singh [...]
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