IT major Wipro announced that it signed two multi-year business deals one with Nokia for the design and digitalisation of Nokia's sales order operations and another with LATAM Cargo, a part of Latin America's LATAM Airlines Group, for cargo management. Wipro, however, did not provide any financial details about the two contracts. Both the announcements were made separately after market hours yesterday, 14 June 2018.
Dr. Reddy's Laboratories announced that it has received final approval from the US Food and Drug Administration (USFDA) and is launching Buprenorphine and Naloxone Sublingual Film, 2 mg/0.5 mg, 4 mg/1 mg, 8 mg/2 mg, and 12 mg/3 mg, a therapeutic equivalent generic version of Suboxone (buprenorphine and naloxone) sublingual film, in the United States market. The product is being launched with an approved Risk Evaluation and Mitigation Strategy (REMS) Program. The announcement was made before market hours today, 15 June 2018.
Buprenorphine and naloxone are used to treat adults with opioid dependence/addiction. Buprenorphine helps suppress withdrawal symptoms caused by discontinuation of opioid drugs, and naloxone reverses and blocks the effect of opioids. This combination of medications is used as part of a complete treatment program including prescription monitoring, counseling, and psychosocial support. The Suboxone brand had US sales of approximately $1.86 billion MAT for the most recent twelve months ending in April 2018 according to IMS Health.
ICICI Bank said it intends to exercise oversubscription option to sell additional 1.43 crore shares in ICICI Prudential Life Insurance Company. The announcement was made after market hours yesterday, 14 June 2018.
On 13 June 2018, ICICI Bank said its board approved the sale of up to 2.87 crore shares, representing up to 2% of the issued and the paid-up equity share capital of ICICI Prudential Life Insurance Company in one or more tranches, in any manner permissible under applicable law, including through an 'offer for sale by promoters through stock exchange mechanism' (OFS), as may be permitted and in the manner specified by the Indian regulatory authorities.
Tamil Nadu Newsprint & Papers said its board accorded approval for implementation of its mill expansion plan (MEP) at Unit II in a phased manner - pulp mill capacity of 400 TPD and 1,65,000 MT of printing and writing paper with a total capital outlay of Rs 2520 crore. The announcement was made after market hours yesterday, 14 June 2018.
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