In October, the Directorate General of Anti-Dumping and Allied Duties (DGAD) issued a notification for imposing anti-dumping duties on bulk drug Gliclazide originating from China.
"With this anti-dumping notification, the company will have a distinctive advantage to consolidate its market share in domestic and international markets," Bal Pharma, a leading manufacturer of Gliclazide, said in a filing to the BSE.
The bulk drug contributes 'substantially' to company's revenues, it added.
Shares of Bal Pharma today closed at Rs 111.50 per scrip on BSE, up 0.72 per cent from it's previous close.
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DaVita partners with Manipal Hospitals on nephrology services * DaVita Kidney Care,a global kidney care provider, and city-based Manipal Hospitals today announced their coming together to provide world-class nephrology services in Bengaluru.
With the partnership, patients will have seamless access to world-class dialysis centres run by DaVita and the panel of pre-eminent nephrologists from Manipal Hospitals, it said.
The partnership brings holistic care to dialysis patients that includes a high-quality dialysis programme and a team of acclaimed nephrologists, dialysis technicians, dieticians and psychologists to improve overall quality of life for patients, Manipal Hospitals said in a statement.
Carl's Jr oepns second outlet in Delhi
* US Burger Chain Carl's Jr today announced opening of its second outlet in India in Delhi as it expands its presence in the country.
"We are very pleased at the positive response to our first restaurant in Saket. This validates our strong belief in our premium quality food, and our innovative, one of a kind menu offerings many of which have been designed specifically for the Indian palate...We are confident that this outlet will repeat the success of our Saket restaurant and help us chart our roadmap here in India," CKE Restaurants Holdings Inc President of International Ned Lyerly said.
DesignGild launches design-led startup accelerator programme
* DesignGild, India's first design-led startup accelerator programme, has announced the launch of its first batch that will start from January.
The startups selected will be a part of a six-month immersive accelerator programme that leverages the rich design thinking and design doing experience of MIT ID.
The programme will give startups an exposure to latest design methods, co-working space, access to prototyping facilities, IPR consulting and facilitation, business development support, public relations and processes, it said in a statement.
Wall Street Investments hikes stake in Den Sports & Den Soccer * Wall Street Investments Ltd, majority co-owner of the Delhi Dynamos FC of the Hero Indian Super League, has received in-principle approval from the Registrar of Companies for changing the name of Den Sports and Den Soccer to Delhi Sports & Entertainment Pvt. Ltd.
However, it would be subject to necessary approvals and filings, said a statement issued by the company.
Meanwhile, board and shareholders of Den Sports and Den Soccer in their meeting held today approved transfer of further 25 per cent equity stake of Den Sports from Den Networks to Wall Street.
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Videotex ties up with Usha Shriram Enterprises for LED TVs * Videotex International which recently announced to foray into LED TVs has partnered with Usha Shriram Enterprises to jointly manufacture it.
Under this partnership, Videotex International will look over manufacturing, sales, marketing & servicing under USHA SHRIRAM brand as an initiative of Digital India.
The LED TVs hence produced through this joint venture will be Made in India products.