Sun Pharma in focus after recall of product

Sun Pharmaceutical Industries (Sun Pharma) said it is recalling two lots of Riomet (Metformin Hydrochloride Oral Solution), 500 mg/5ml, to the retail level (Class II Recall). This product is manufactured for SPII by a contract manufacturer. The Riomet has been found to be contaminated. The contamination was discovered during sample preparation for the Antimicrobial Preservative Effectiveness Testing (AMPET) being performed as part of the 12 month stability study interval. The announcement was made after market hours on Friday, 24 November 2017.

Future Consumer said that CARE Ratings has reaffirmed its rating assigned to the company in respect of commercial paper of Rs 100 crore at Care A1. The announcement was made after market hours on Friday, 24 November 2017.

Karnataka Bank said it has opened its 776th branch at New Delhi - Chittaranjan Park on 24 November 2017. The announcement was made after market hours on Friday, 24 November 2017.

Sadbhav Infrastructure Project said that for the first time, standalone bank facilities of the company of Rs 400 crore have been rated and it has been assigned CARE A-: Stable/CARE A2+ by ratings agency Credit Analysis & Research. The announcement was made after market hours on Friday, 24 November 2017.

GPT Infraprojects said that its subsidiary Jogbani Highway (JHPL) has been awarded a claim of about Rs 62 crore by the 3 member Arbitral Tribunal unanimously, in a dispute with the National Highways Authority of India (NHAI). The announcement was made on Saturday, 25 November 2017.

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