Lupin has received final approval for its Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% from the United States Food and Drug Administration (USFDA) to market a generic equivalent of Mylan Pharmaceuticals Inc.’s Triamcinolone Acetonide Cream, 0.025% and 0.1%. Lupin shall commence promoting the product shortly. Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% had US sales of $55.7 million, as per IMS MAT Sep 2016. Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses.
IL&FS Transportation Networks’ (ITNL) joint venture (JV) in ratio of 51:49 with IL&FS Engineering and Construction Company has been awarded a new project in Madhya Pradesh. The JV had submitted bid with the Madhya Pradesh Road Development Corporation (MPRDC) for widening and reconstruction of Ganj-Rajnagar Road, Laundi-Mahoba Road, Nawgong-Shrinagar Road and Baxwaha-Dalpatpur Road in the state of Madhya Pradesh funded by New Development Bank under Madhya Pradesh Major District Roads Upgradation Project (MPMDRUP) on item rate basis. The JV has emerged as the lowest bidder for the project which has a construction period of 20 months. It had quoted an amount of Rs 175.48 crore for the project.
Accelya Kale Solutions, a leading provider of financial and commercial solutions to the airline industry, and Mercator, a global provider of product-enabled solutions to the travel and transportation industry, have announced their intention to combine, creating a leading global technology-enabled solutions provider to airlines, travel agents and freight forwarders. Together, Accelya and Mercator will offer a broadened product portfolio with complementary offerings including revenue accounting, revenue management and revenue assurance, cargo management, payment solutions, data analytics, cost management and commercial solutions.
Aditya Birla Fashion and Retail (ABFRL) has launched its first ‘Forever 21’ fashion brand store in Chennai for its young and fashion-conscious consumers. With this company has strengthened its foothold in the Southern market with foray in Tamil Nadu. With this new store, the brand has increased its store count to 14. The store is spread over 10,000 square feet of retail space and is located in the heart of the city at the Express Avenue Mall. The store will showcase the Spring Summer collection and will stock a wide variety and range of chic fashion at competitive prices. As part of the promotions, the brand will present the first 200 shoppers with a gift voucher worth Rs 1,000 each.
Force Motors has reported the production, sales and export of the products manufactured by the company during the month of January 2017. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,133 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 1,147 units. The company’s domestic sales for SCV & LCV stood at 1,116 units and UV, SUV & Tractor stood at 1,046 units, while the company has exported 177 units of SCV & LCV and 14 units of UV, SUV & Tractor in month of January 2017.
PC Jeweller has opened its 71st showroom which is located at 54-B, Sardar Patel Marg, Civil Lines, Allahabad in Uttar Pradesh state on February 2, 2017. The showroom exhibits large collection and varieties of Gold, Diamond & Silver Jewellery. To make this launch even more special for jewellery enthusiasts, PC Jeweller has announced special discounts and schemes on both diamond and gold jewellery, where any customer who buys diamond jewellery will get up to 20% discount. Customers who prefer to buy gold jewellery will get a discount of 20% on the making charges. The scheme is available exclusively at the PC Jeweller Allahabad showroom from February 2, 2017 to March 5, 2017.
Government Auditor Comptroller and Auditor General of India (CAG) has found that state-run NTPC shelled out an additional Rs 6,869.95 crore during 2010-16 for procuring domestic coal and missed out on garnering Rs 4,299.80 crore in revenues due to outages at power plants on account of fuel shortage. Together, it cost the company close to Rs 11,000 crore during 2010-16. The Performance Audit Report covered fuel management of 13 out of 26 coal-based power stations of NTPC and its Joint Ventures during the period from April 2010 to March 2016.