News Overview

Lupin announced the launch of Formoterol Fumarate Inhalation Solution 20 mcg2 mL per Unit-Dose Vial to market a generic equivalent of Perforomist Inhalation Solution 20 mcg2 mL of Mylan Specialty LP Formoterol Fumarate Inhalation Solution RLD Perforomist had estimated annual sales of USD 268 million in the US IQVIA MAT September 2022

Suumaya Corp will hold a meeting of the Board of Directors of the Company on 2 December 2022

Vaishali Pharma will hold a meeting of the Board of Directors of the Company on 5 December 2022

Gland Pharma announced that it has through its wholly owned subsidiary Gland Pharma International Singapore entered into a Put Option Agreement to acquire 100Percentage of Cenexi Group for an Equity Value not exceeding Euro 120 Mn Enterprise Value of Euro 230 Mn Founded in 2004 Cenexi along with its Subsidiaries is engaged primarily in the business of Contract Development Manufacturing Organisation CDMO of pharmaceutical products […]

Tamilnad Mercantile Bank launched the marketing of Life Insurance Products and General Insurance products under the tie-up arrangement with Max Life Insurance Company and Cholamandalam MS General Insurance Company respectively

Union Bank of India has allotted Unsecured Subordinated Non-Convertible Taxable Fully Paid-Up Basel III Compliant Tier- 2 Bonds in the nature of Debentures eligible for inclusion in Tier 2 Capital Bonds in two tranches of Rs1500 crore ISIN INE692A08219Series XXXVI-A and Rs700 crore ISIN INE692A08201Series XXXVI-B aggregating to Rs2200 crore on 29 November 2022

Tata Consultancy Services and ICICI Bank announced the launch of iLens a digital lending solution powered by the TCS lending platform The first-of-its-kind platform digitizes the entire lending processfrom application to disbursementfor everyone including new-to-bank customers to offer them unparalleled convenience with faster turnaround of loan applications greater transparency of loan status and enriched experience To begin with iLens has started empowering customers including new-to-bank […]

Krishna Institute of Medical Sciences has made a further investment by acquiring an additional equity stake of 779Percentage in Arunodaya Hospitals its subsidiary on 28 November 2022 Consequently the Company now holds 6562Percentage of the total paid-up Equity Share capital of Arunodaya Hospitals

Entertainment Network India had previously announced its foray into the United States US Radio market The Companys US subsidiary Viz Entertainment Network LLC EN LLC had entered into a Time Brokerage arrangement with a US based broadcaster to broadcast radio programmes and content targeting the South Asian community in the Bay Area – USA Due to the non-fulfilment of material contractual obligations by the counterparty […]

Sagar Productions will hold a meeting of the Board of Directors of the Company on 1 December 2022