Dr Reddy’s settles patent litigation on Kuvan tablets
he California-based BioMarin Pharmaceutical has entered into a settlement agreement with Dr Reddy’s Laboratories to resolve patent litigation in the US regarding Kuvan, the former’s 100mg oral tablets. According to a statement issued by BioMarin, the US drugmaker said it will grant Dr... read more »
Tata Steel raises Rs 4,000 cr via non-core asset sale
Tata Steel has raised more than Rs 4,100 crore through the sale of non-core assets so far this fiscal as part of efforts to strengthen its balance sheet and generate cash. The Mumbai-based firm said last week it sold 1.33 percent stake in group company Tata Motors to institutional investors for... read more »
L&T Finance Holdings to get Rs 708 cr from Bain Capital
L&T Finance Holdings , the subsidiary of engineering & construction major Larsen & Toubro, will get Rs 708 crore from Bain Capital by issuing preferential shares and warrants. “The board of directors in today’s meeting has approved a preferential allotment of equity... read more »
Why ONGC, Oil India Are Likely to Come Under Pressure
Shares of ONGC and Oil India are likely to come under pressure from October 1 as natural gas prices in India may fall below $4.2 per mmBtu (million British thermal unit) from $5.18 per mmBtu now according to reports. As per the mechanism approved in October 2014, price of domestically produced... read more »
