Aurobindo Pharma gets approval for Terbinafine

Hyderabad based Aurobindo Pharma Limited has notified that Health Canada -- a department of the Canadian government has given sanction to company’s abbreviated new drug submission Terbinafine tablets.

The company has been allowed to market the said tablets in the strengths of 125 mg and 250 mg.

According to sources, the Terbinafine is indicated for the treatment of infections caused by certain types of fungus. The drug is also recommended for skin and nail infections.

Terbinafine (Terbinafine hydrochloride) is the generic equivalent of Novartis Pharmaceutical Canada Inc’s Lamisil tablets.

The sources further disclosed that the proposed approval is the fifth approval for Aurobindo from Health Canada.

Health Canada is the federal department who guide Canadians that how to maintain and improve their health.

Recently, Aurobindo Pharma has got approval to make and sell fixed dosed combination Abacavir Sulfate/ Lamivudine Tablets in the strengths of 60/30 mg from US Food & Drug Administration (USFDA).

Scrip of Aurobindo Pharma ended in green at Rs 155, up 3.01 percent on National Stock Exchange (NSE).The total volume of shares traded was 219,474 at the NSE.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

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On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.