Company News

Wockhardt to launch ‘Levetiracetam Tablets’ in US Market

Wockhardt to launch ‘Levetiracetam Tablets’ in US MarketIndia's sixth largest publicly traded drug maker by sales, Wockhardt Ltd, has informed that it will be launching Levetiracetam tablets in the United States.

Recently, Wockhardt Limited has secured nod from the United States Food & Drug Administration (USFDA) for marketing the tablets containing 250mg, 500mg, 750mg and
1gm.

Levetiracetam is an anticonvulsant drug used for the treatment of epilepsy. It is S- enantiomer of etiracetam, structurally similar to the prototypical nootropic drug piracetam.

BEL signs agreement with Selex Galileo, Astra Microwave

BEL signs agreement with Selex Galileo, Astra MicrowaveIndian public sector undertaking Bharat Electronics Limited (BEL) and Italian defence company Selex Galileo and Astra Microwave Products, a Hyderabad based company, have signed memorandum of understandings (MoU) for cooperation and sharing their expertise in the fields of electronic warfare and microwave components.

Apollo Tyres to cut 1500 jobs

Apollo Tyres to cut 1500 jobsLeading tyre maker, Apollo Tyres Ltd announced to start retrenchment drive, shedding about 1500 jobs, out of total headcount of 10,000, in days to come. The move is aimed to mitigate the impact of global slowdown on its business and register adequate growth rate by employing cost cutting and cost saving measures.

The firm has also decided to halt fresh recruitment until improvement in market conditions, adversely impacting tyre segment due to low demand and costly finance.

Hyundai Launches All New Verna In Indian Market

Hyundai Launches All New Verna In Indian MarketWith the intention to attract new customers, South Korean auto maker Hyundai Motors has launched the updated version of its highly acclaimed “Verna” with four variants in the Indian market.

The new Verna, which comes with innovative and enhanced interiors as well as exteriors, will carry the price tag ranging from Rs 637,700 to Rs 865,350 (ex-showroom).

GM launches new version of Spark

GM launches new version of SparkGeneral Motors has launched new version of small car Spark, to implement its expansion plan despite unfavourable conditions of economic market under the impact of global financial crisis. The auto gaint launched new version of compact car, Spark, with price tag of Rs 3.27 lakh on Tuesday and announced to launch sedan, Cruze, and a mini car by the end of current financial year.

The new version of Spark is equipped with an integrated music system, refreshed interiors and many more modern features using cutting edge technology.
 

USFDA approvals marketing of Ranbaxy's migraine drug

USFDA approvals marketing of Ranbaxy's migraine drugThe US Food and Drug Administration (USFDA) has approved the marketing of Ranbaxy Laboratories' migraine drug, Imitrex (Sumatriptan), a low cost version of migraine drug GlaxoSmithKine, in the US market.

A spokesman of Rabnbaxy said, "We have received the US Food and Drug Administration's (USFDA) approval for 100 mg Sumatriptan."

The regulator provides 180-day marketing exclusivity for its marketing in 100 mg dosage which was earlier rejected by it on December 2008.

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