Sun Pharmaceutical’s US subsidiary receives USFDA nod for Cetirizine Hydrochloride syrup

Submitted by Shiela Rao on Fri, 11/13/2009 - 20:13

Pharmaceutical major Sun Pharmaceutical Industries has announced that its US subsidiary has got approval from USFDA for Cetirizine Hydrochloride syrup.

USFDA has grant permission for the syrup in strength of 5 mg/ml.

Cetirizine Hydrochloride (Generic Zyrtec) is an antihistamine, which is prescribed for treating allergies, hives (urticaria), and other allergic inflammatory conditions.

Sun Pharmaceutical, on Nov 10, won authorization from Food and Drug Administration (FDA) for ANDA of its arm for generic Acular, ketorolac tromethamine ophthalmic solution, in the strength of 0.5%.

Shares of the company gained Rs 10, or 0.7%, to settle at Rs 1,452.15. The total volume of shares traded was 21,341 on Bombay Stock Exchange (BSE) (Friday).


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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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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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