Aurobindo Pharma gets USFDA nod for Fluconazole drug

Drug manufacturer, Aurobindo Pharma has made announcement that the company has got final sanction from the US Food and Drug Administration (USFDA) to sell Fluconazole drug, in the strengths of 50 mg, 100 mg, 150 mg and 200 mg respectively. 

Fluconazole drug is indicated to be used in the treatment of superficial and systemic fungal infections.

Recently, Aurobindo Pharma has got US Food and Drug Administration (USFDA) nod to sell Cyclobenzaprine hydrochloride tablets of 10 mg and 5 mg. 

Cyclobenzaprine hydrochloride tablets are used to cure pain, stiffness, and sleep problems that occur with fibromyalgia.

Stock of Aurobindo Pharma ended the day at Rs 195, plunged 7.6% on National Stock Exchange (NSE). The total volume of shares traded was 294,615 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

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.