Dr Reddy's gets USFDA nod for Trandolapril tablets

Submitted by Shiela Rao on Sun, 08/31/2008 - 20:39

Domestic pharmaceutical major Dr Reddy's Laboratories Ltd has finally received approval from the U.S. Food and Drug Administration (USFDA) for manufacturing and marketing of Trandolapril tablets.

The approval has been granted for 1 milligram, 2 mg and 4 mg dosage of the drug.

The drug is a generic version of Abbott Laboratories' Mavik tablets, indicated in the treatment of hypertension. The drug is also used to improve survival in patients with heart failure after a heart attack.

Recently, Dr Reddy's has obtained approval from the government to manufacture codeine, used to make cough syrups and pain relieving drugs.


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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.

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