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Showing posts from January, 2020

Cigarette maker Godfrey Phillips up for sale

Documents seen by BusinessLine indicate that key promoter entities, led by KK Modi Family Trust, have reached out to global investment bankers, including Goldman Sachs, Morgan Stanley, JP Morgan and Credit Suisse, for the mandate to sell their stake from Business Line - Companies https://ift.tt/2vqYIHR
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TVS Motors enters electric scooter segment; iQube launched at Rs 115,000

TVS Motor Company on Saturday said it has forayed into electric segment with the launch of an e-scooter, priced at Rs 1.15 lakh (ex-showroom Karnataka). Equipped with 4.4 kw electric motor, the TVS iQube Electric can achieve a top speed of 78 kmph with a range of 75 kms in one full charge. The scooter can accelerate from of 0 to 40 kmph in 4.2 seconds. The model also comes with TVS SmartXonnect platform which encompasses multiple features such as geo-fencing, remote battery charge navigation, among others. "As India moves ahead, its mobility solutions would increasingly be total experience-led, nowhere is this felt sharper than among the youth of India. Our focus on the Green & Connected' youth of India, is embodied, in the first of the TVS Electric portfolio," TVS Motor Company Chairman Venu Srinivasan said. The electric scooter was launched by Karnataka Chief Minister B S Yediyurappa and Union Transport Minister Nitin Jairam Gadkari, along with Srinivasan. from Co...
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Technology investment in India rose 95% at $9.3 bn in 2019: Report

India attracted tech investments worth USD 9.36 billion last year, a 95 per cent increase compared with the previous year, according to the data compiled by a global database company. The data collated by Dealroom.co and revealed here this week show that the Indian investment figures coincided with record investment numbers registered by the UK in 2019, at USD 13.2 billion, behind the US (USD 116 bn) and China (USD 33.5 bn). Both India and the UK witnessed a record year in terms of investments into their respective technology sectors in 2019. India attracted tech investments worth USD 9.36 billion last year, which marks a 95 per cent hike on the previous year, it said. "The positive tech investment figures for India and the UK demonstrate that we are both top destinations for global investors," said Hemin Bharucha, Chief India Representative for London & Partners the Mayor of London's official promotional agency. "Cities such as London, Mumbai and Bengaluru are i...
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Alembic gets USFDA nod for Tizanidine hydrochloride capsules for spasticity

Drug firm Alembic Pharmaceuticals on Wednesday said it has received final nod from the US health regulator for Tizanidine hydrochloride capsules, used to treat spasticity. "The company has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Tizanidine Hydrochloride Capsules, 2 mg, 4 mg, and 6 mg," the drug firm said in a regulatory filing. Tizanidine hydrochloride is a central alpha-2-adrenergic agonist indicated for the management of spasticity. Because of the short duration of therapeutic effect, treatment with tizanidine hydrochloride capsules should be reserved for those daily activities and times when relief of spasticity is most important. "The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Zanaflex Capsules, 2 mg, 4 mg, and 6 mg, of Covis Pharma BV," the filing said. Tizanidine hydrochloride capsules, 2 mg, 4 mg, and 6 mg have an estimated market siz...
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