Aurobindo Pharma gets nod for two drugs in South Africa

Aurobindo Pharma gets nod for two drugs in South Africa

Aurobindo Pharma, a leading Hyderabad based drug firm, has secured nod from the South African regulator to manufacture and market two drugs in that country.

The company received the permission from South African (SA) Medicines Control Council (MCC) for Auro Ampicillin injection in the strength of 500 mg and 1,000 mg and Auropidone tablets, in 0.5 mg strength.

Auro Ampicillin Injection is an antibiotic, which is used to treat bacterial infections while Auropidone tablets are used in treatment of Central Nervous System (CNS) related disorders.

It should be noted that the Medicines Control Council (MCC) is a statutory body that was established to oversee the regulation of medicines in South Africa.

With the latest approval, Aurobindo now has a total of 37 products approved by the MCC.


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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

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

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.