Hotel Leelaventure posts 786% rise in profit

LeelaPremium luxury brand hotel group, Hotel Leelaventure Ltd said on Wednesday that it has seen a whopping 786 per cent increase in its net profit. The figure closed at Rs. 9.24 crore during the first quarter, which was higher than Rs. 1.04 crore that it posted for the same period last year.

The group also informed that its income grew by 25 per cent for the first quarter to end at Rs.105.81 crore. Last year during the same period was rs.84.71 crore.

Glenmark gets approval from USFDA for asthma drug

GlenmarkPharmaceutical Company, Glenmark said on Wednesday that it has got approval from the US regulator, USFDA for introducing its treatment for asthma.

Its generic theophylline tablets are for treating lung-related diseases. It will be selling these medicines in the American markets.

The approval was given to Glenmark Generics Inc (GGI), which is a subsidiary of Glenmark Generics Ltd. It can now start marketing and distributing this drug, that will be available in 400 mg and 600mg dosages.

Steel Ministry for banning iron ore exports

Steel Ministry for banning iron ore exportsThe Steel Ministry of India is of the opinion that iron ore, just like the other non-renewable sources of energy like coal and petroleum, should be preserved. He has thus called for a complete ban on the iron ore exports.

Even the iron ore-rich state of Karnataka had requested for a ban on the ore exports. Since the states are asking for ban on the ore exports in unison, the Mining Ministry has no option but to consider this demand.

PSLV launches 5 satellites

PSLV launches 5 satellitesISRO or the Indian Space Research Organization recently placed five satellites in their exact orbits with the help of its Polar Satellite Launch Vehicle (PSLV-C15), thereby proving how much they can be relied upon.

Their efficiency was displayed by how errorless the entire mission was, right from the ignition to the separation through the rocket's four stages. The taking off was also precise and punctual. This was PSLV's 16th consecutive successful flight.

Exide Ind Plans Rs 400 Crore Capex For This Fiscal

Exide Ind Plans Rs 400 Crore Capex For This FiscalWith the

Cherry Juice May Cure Insomnia

Cherry Juice May Cure InsomniaAccording to researchers, individuals who consumed a glass of unsweetened cherry juice during morning and evening enjoyed sound sleep than when they had the same amount of some other juice.

Insomnia has been one of the biggest health challenges of the modern age, with about one in four adults suffering from it and a fifth regularly getting less than five hours of sleep every night.

The effect of cherry juice could be owing to the fruit's high content of melatonin, a hormone, which normalizes the body's sleep-wake cycle.

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