Page 62 - Companies

MedPlus launches discount scheme to sell over 500 off-patent drugs

MedPlus Health Services Ltd, which runs a chain of pharmacies, on Wednesday said it will be selling 500 off-patent therapeutic and chronic medicines under its own brand with a massive discount of 50-80 per cent. G Madhukar Reddy, managing director and chief executive officer, MedPlus, in a press conference here said the company tied up with multiple reputed pharmaceutical manufacturing companies to produce high quality off-patent medicines that enables the firm to pass on the benefit to the consumer. "MedPlus will initially offer discounts on over 500 therapeutic and chronic medicines and will eventually extend discounts on more than 800 products in the next three months," Reddy said. These medicines will include over-the-counter (OTC) and prescription drugs used in treating various diseases such as hypertension, diabetes and kidney ailments, he further said. The 500 products currently being offered through this discount channel constitute 53 per cent of the therapeutic segments an

Parry Enterprises, Memsift to set up membrane manufacturing facility

Parry Enterprises India Ltd, part of the diversified conglomerate Murugappa Group on Wednesday announced that it has inked a strategic partnership with Singapore-based Memsift Innovations, a provider of cutting-edge membrane technology solutions. The collaboration aims to revolutionise the manufacturing of membranes and the water industry as a whole -- by leveraging the expertise of Memsift Innovations and extensive resources and market presence of Parry Enterprises India Ltd. A state-of-the-art membrane manufacturing facility with a capacity to produce 1.2 million sq metres of high-quality membranes per year would be set up by the two entities. According to a statement, Parry Enterprises did not reveal the investment figures for setting up the manufacturing unit nor the location that has been identified to set up the facility. The facility once operational would cater to the growing demand for Memsift Technologies to serve various industries including chemical, pump and paper, ...

Sony says it's taking Sebi allegations against Zee promoters 'seriously'

Goenka and Chandra have denied the charges and moved the Securities and Appellate Tribunal (SAT), asking it to stay the order where the matter is pending

VC firm Avaana Capital announces first close of climate tech fund at $70 mn

Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture

Apple illegally interrogated staff about union, labour board judge rules

In a Tuesday decision, a National Labor Relations Board judge wrote that Apple violated the rights of employees at its World Trade Center store in New York City

Foreign companies shifting investment out of China as confidence wanes

Business confidence in China is "pretty much the lowest we have on record," the European Chamber president, Jens Eskelund, said

New crypto exchange backed by Citadel Securities, Fidelity goes live

A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it's gone live, a move that could reshape the digital-asset landscape

KKR to buy up to $44 bln of PayPal's 'buy now-pay later' loans in Europe

Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal's buy now, pay later (BNPL) loans in Europe

Rakesh Bhartia withdraws nomination as Fino PB part time chairman

To continue as board member, RBI yet to approve for chairman

Sebi raps Edelweiss Broking for not reporting suspicious activity

The matter is related to dematerialisation and sale of shares in dormant accounts using forged documents by certain entities between 2008 and 2013

TPG will remain strong partner in insurance, new ventures: Shriram Fin head

In a Q&A, Umesh Revankar says no move by Piramal Group and TPG to sell stake in insurance biz for now

High investor interest propels IDFC First Bank's stock to new highs

Lender's financial performance has been robust but high valuations may cap further gains

Largest Indian order: Indigo likely to place an order for 500 planes today

The value of IndiGo's order, at the list price of the A320Neo family aircraft, will be around $500 billion

Not so forthcoming: Why doesn't Adani disclose potential conflicts?

A short-seller attack earlier this year on the Adani Group had focused on a different family member. New York-based Hindenburg Research had gone after tycoon Gautam Adani's older brother, Vinod

Axtria plans to expand India operations, hire more than 1,000 techies

IT company Axtria Inc, which focuses on the life sciences industry, has plans to hire over 1,000 people in data science, software development, and data engineering in the next eight months, the company said on Sunday. The company is hiring for its offices in Gurugram, Bengaluru, Noida and new centres coming up in Pune and Hyderabad, Axtria said in a statement. "Axtria will significantly expand its headcount with over 1,000 data scientists, software developers, and data engineers across its office locations in the country in the next 8-10 months," it said. The expansion plans closely follow the increasing demand for data-driven analytics solutions and the adoption of AI technologies among life sciences businesses across the globe. "Axtria is also preparing for aggressive campus hires in the next two years. For 2023, the team is already in conversation with the placement cells of leading IITs and other premier engineering and management colleges," the statement said. Axtria at prese

Eveready will focus on growth but in a profitable manner: Mohit Burman

In a Q&A, the non-executive director who spearheaded the firm's change of hands from the Khaitan family to the Burmans, says he plans to sustain the current level of growth, if not exceed it

Air India upgrading crew rostering, customer notification system: Wilson

Air India is also upgrading its customer notification systems and processes to make them "less manual, more accurate and to utilise new channels such as WhatsApp" Wilson told employees

Isuzu may sell 44% stake in India unit as it exits low-profit businesses

Japanese firm, whose stake is valued at Rs 734 cr, is talking to several potential investors including JBM Auto, a media report said on Friday

Japan-based Musashi forays into Indian EV market with Rs 70-cr investment

Musashi will collaborate with BNC Motors for expansion into the EV market

Oracle lays off hundreds of employees at its health unit Cerner: Report

In May, another media report said that Oracle had laid off 3,000 employees at Cerner