India’s Cipla set to undercut rivals with generic remdesivir -sources

INDIAN drugmaker Cipla Ltd has priced its generic version of Remdesivir, Cipremi, at 4,000 rupees ($53.34) per 100 mg vial, according to several sources, making it among the lowest priced versions of the Covid-19 treatment available so far globally. Cipla had earlier said pricing would not exceed 5,000 rupees. On Tuesday (7), Sovereign Pharma, which […]

Indian committee recommends moving South Korea-owned plant hit by gas leak

AN investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on Tuesday (7). The probe at the plant run by LG Polymers, owned by South Korea’s LG Chem […]

Reliance launches JioMeet to take on Zoom

INDIA’s Reliance has launched JioMeet video conferencing app with unlimited free calling facility and starts a rate war on rival Zoom. It is available across Android, iOS, Windows, macOS and web, the company said. JioMeet supports HD audio and video call quality with up to 100 participants and offers features like screen sharing, meeting schedule […]

Unilever’s India unit to rebrand ‘Fair & Lovely’ cream to ‘Glow & Lovely’

THE Indian arm of global consumer giant Unilever said on Thursday (2) it would rebrand its skin-lightening cream ‘Fair & Lovely’ to ‘Glow & Lovely,’ after facing backlash that the name promoted negative stereotypes towards darker skin tones. The move comes a week after the maker of Lipton Tea and Dove soap announced that it […]

Unilever to rename ‘Fair & Lovely’ skin products for a ‘more diverse portrayal of beauty’

UNILEVER will drop the word “fair” from its “Fair & Lovely” brand of skin lightening products which are popular in South Asia but have long been criticised for promoting negative stereotypes against people with darker skin. Companies face a mounting backlash on social media in the wake of the Black Lives Matter movement. Products marketed […]

India’s Cipla to price remdesivir version for Covid-19 under $66

INDIAN drugmaker Cipla Ltd will price its generic version of Gilead Sciences Inc’s antiviral drug remdesivir for use in Covid-19 patients at less than 5,000 rupees ($66), the company said. Cipla and privately held Indian drugmaker Hetero Labs on Sunday (21) gained approval to sell generic versions of remdesivir in the country. Hetero expects to […]

Glenmark gets regulatory approval for Covid-19 drug Favipiravir; share price zooms

Glenmark Pharmaceuticals has launched antiviral drug Favipiravir for the treatment of mild to moderate Covid-19 patients. The company  received manufacturing and marketing approval from India’s drug regulator. It is the first oral Favipiravir-approved medication in India for the treatment of the pandemic. “This approval comes at a time when cases in India are spiralling like […]

Amazon, Alibaba-backed venture gain clearance for alcohol delivery in West Bengal

AMAZON.COM INC has secured clearance to deliver alcohol in India‘s eastern state of West Bengal, signalling the U.S. e-commerce giant’s first foray into the country’s multi-billion-dollar sector. In a notice on Friday (19), West Bengal State Beverages Corp, the authorised agency to carry out online retail of liquor trade in the state, said Amazon was among […]

Ambani declares Reliance debt free after Facebook, Saudi deals

INDIAN tycoon Mukesh Ambani said Friday (19) that his Reliance conglomerate is net debt free after raising more than $22 billion in a rights issue and selling stakes in its e-commerce unit to Facebook, Saudi Arabia’s wealth fund and others. Asia’s richest man after upending the Indian telecoms market, Ambani is attempting to do the […]

Saudi’s PIF buys 2.32 per cent stake in Reliance Jio for $1.49 billion

Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32 per cent stake in Reliance Industries’ digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday (18). The deal with the Saudi sovereign wealth fund means Reliance has now sold 24.7 per cent of Jio Platforms and raised just […]

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