Dr Reddy's Laboratories (DRL) announced after trading hours yesterday, 13 July 2015, that it launched Memantine hydrochloride tablets USP, 5 mg and 10 mg, a therapeutic equivalent version of NAMENDA tablets (mamentine HCI) in the United States on 12 July 2015. The drug is used for treatment of dementia of the Alzheimer's type. The NAMENDA (mamentine HCI) tablets brand had US sales of approximately $1.4 billion for twelve months upto May 2015, as per IMS Health data.
Tata Consultancy Services (TCS) has been selected by Adobe, a global leader in digital marketing and digital media solutions, as a Premier Partner, the highest level of partnership among Adobe's global ecosystem. The announcement was made after trading hours yesterday, 13 July 2015.
This new partnership enables TCS clients to fully leverage Adobe's Marketing Platform and its core solutions, allowing them to design and execute customized strategies and integrated marketing campaigns to suit specific target audiences and customer profiles.
HCL Technologies (HCL) entered into a definitive agreement to acquire certain assets of privately held Trygstad Technical Services Inc. (Trygstad), a US based provider of IT consulting services & solutions in an all cash deal. The announcement was made after trading hours yesterday, 13 July 2015.
Trygstad Technical Services Inc. is a niche company with deep expertise in the areas of core engineering (including operating systems), Internet Of Things (los), Embedded Systems and Intelligent Systems, HCL said. With this strategic acquisition, HCL enhances its ability to provide additional value and turnkey solutions to ecosystems of large Independent Software Vendors (ISVs), the company said.
JSW Steel's crude steel production rose 10% to 3.40 million tonnes in Q1 June 2015 over Q1 June 2014. JSW Steel said production of rolled products (flat) rose 3% to 2.50 million tonnes in Q1 June 2015 over Q1 June 2014. Production of rolled products (long) jumped 32% to 0.69 million tonnes in Q1 June 2015 over Q1 June 2014. The company has commenced commercial production of Continuous Annealing line (CAL2) unit at Vijaynagar works. The announcement was made after trading hours yesterday, 13 July 2015.
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Shares of Lupin turn ex-dividend today, 14 July 2015 for dividend of Rs 7.50 per share for the year ended 31 March 2015.
Shares of Tide Water Oil (India) turn ex-dividend today, 14 July 2015 for final dividend of Rs 250 per share for the year ended 31 March 2015.
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