Aurobindo Pharma receives FDA nod for rosuvastatin calcium tabs

New Delhi [India], March 11: Together as Medsoria, the joint venture will increase production capabilities with a new 70,000 square feet (6,500 square meters) U.S. FDA-compliant facility and engender future collaboration on developing new product lines. With the recent reporting of a trade deal between the India and U.S. to reduce tariffs and promote improved trade relations between the two countries, the joint venture could not arrive at a better time.

Mumbai (Maharashtra) [India], March 6: Global pharma major Lupin Limited (Lupin) (BSE: 500257) (NSE: LUPIN) (REUTERS: LUPIN.BO) (BLOOMBERG: LPCIN) today announced its recognition among the top 1% of companies worldwide in the S&P Global Corporate Sustainability Assessment (CSA). Lupin attained a score of 91 out of 100, establishing itself as the leading pharmaceutical company globally, and the leader across all sectors in India, surpassing both Indian and international peers.

The IT services sector is facing challenges due to Artificial Intelligence (AI), with investors expressing concerns about job losses and the transition period. However, other sectors like real estate, autos, and domestic pharma companies showed more positive outlooks, with some showing steady growth, according to Pratik Gupta, CEO and Co- Head of Kotak Institutional Equities. Gupta expressed his views on the Indian economy and market outlook at a press conference on Kotak Securities Outlook held today in Mumbai.

The Sensex closed at 82,276.07, up 50 points, while the Nifty 50 closed 58 points higher at 25,482.50. Among the key sectors, on the gaining end, were auto, healthcare, IT, metal, while telecom, FMCG, oil & gas, and PSU Bank faced losses.

Mumbai (Maharashtra) [India], February 25: Reinforcing its commitment to saving lives beyond medicines, Healing Pharma India Private Limited (HPIPL) successfully carried out its second CSR initiative in Maharashtra by donating a fully equipped ambulance to Jeevanam Hospital & Research Centre LLP in Mumbai. Following its recent contribution in Pune, the company continues to take meaningful steps toward strengthening emergency healthcare accessibility where it needs most.

Gurugram (Haryana) [India], February 23: Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288) has secured a multi-year Contract Development and Manufacturing Organization (CDMO) mandate valued at approximately Rs. 825 crore (USD 91 million) from a leading global pharma major.

The domestic healthcare sector is expected to see stronger growth over the next three years supported by new drug launches, while earnings from the US generics business are likely to remain flat for most companies, according to a report by Systematix Research.

Hyderabad (Telangana) [India], February 20: Sai Life Sciences Limited (BSE: 544306 | NSE: SAILIFE), one of India's leading integrated contract research, development and manufacturing organizations (CRDMOs), today announced plans to hire 700+ scientific, technical, and management professionals during 2026-27 as it scales capabilities to meet growing global demand for end-to-end drug discovery, development and manufacturing services.

According to the report, growth is being propelled by government initiatives such as National Medical Devices Policy (NMDP), Production-Linked Incentive (PLI) Scheme, Scheme for Promotion of Medical Devices Parks, and MedTech Mitra. The study assumes greater significance in the light of the Union Budget-FY27's renewed focus on bio-pharma research in the country.

New Delhi [India], February 11: XLRI Jamshedpur and XLRI Delhi-NCR completed the Final Recruitment Process for the graduating class of 2024-26, which is an additional milestone for their two-year PGDM (BM) and PGDM (HRM) programmes. The final recruitment process was part of a larger initiative to place the 576 students from both campuses with 145 different recruiting organisations, including 25 organisations that partnered with XLRI for the first time. The strong calibre of the cohort was evident in the fact that recruiters made over 576 domestic offers and 2 international offers during the recruitment process. The results of summer internships were reflected in the fact that 42.5% of students in the cohort received Pre-Placement Offers (PPOs), demonstrating the industry's high regard for students' professional capabilities.