Aurobindo Pharma gets USFDA nod for Cefotaxime Injection

Aurobindo Pharma, one of the largest API manufacturers in Asia, has secured final nod from US Food and Drug administration (USFDA) for two ANDAs namely Cefotaxime for injection USP in the strength of 500 mg, 1g, 2g and Cefotaxime for injection USP 10g in pharmacy bulk pack.

Cefotaxime for Injection USP is the generic equivalent to Claforan for injection of Sanofi Aventis US. The drug is indicated in Lower respiratory tract infections, Genitourinary infections, Gynecologic infections, Intra-abdominal infections, Bone and/or joint infections, Central nervous system infections, Bacteremia/Septicemia Skin and skin structure infections.

With latest approval, Aurobindo now has a total of 109 ANDA approvals (80 final approvals and 29 tentative approvals) from USFDA.


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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.