Lupin announced that its US subsidiary Gavis Pharmaceuticals LLC, USA has received tentative approval from the United States Food and Drug Administration (USFDA) to market a generic version of Pfizer Inc.'s Zithromax for oral suspension, 100mg/5ml and 200mg/5ml. The drug is a macrolide antibacterial drug indicated for mild to moderate infections caused by designated, susceptible bacteria. Zithromax oral suspension had annual US sales of $110.6 million as per IMS MAT June 2016 data. The announcement was made at the fag end of trading session yesterday, 1 September 2016.
Bharti Airtel said that the High Court Division of the Supreme Court of Bangladesh (High Court) approved the merger of Airtel Bangladesh into Robi Axiata owing to certain conditions. The proposed merger is also subject to fulfilment of other conditions stipulated in the agreement and is expected to be completed in the fourth quarter of 2016, Bharti Airtel said. The announcement was made after market hours yesterday, 1 September 2016. It may be recalled that Bharti Airtel had in January this year announced signing a definitive agreement with Axiata Group Berhad (Axiata) to merge their respective telecommunications subsidiaries in Bangladesh namely Robi Axiata and Airtel Bangladesh.
Hero MotoCorp reported a 28% growth in its total two-wheeler sales at 6.16 lakh units in August 2016 over August 2015. The company said it will launch 15 new products across segments in its domestic and global markets this financial year (FY 2017) out of which three motorcycles will be introduced in the domestic market before the festive season. These includes the new Achiever 150cc motorcycle and the Super Splendor and Passion PRO with the Hero patented i3S technology, the company said in a statement. The announcement was made after market hours yesterday, 1 September 2016.
SML Isuzu's total sales rose 12.7% to 1,082 units in August 2016 over August 2015. The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.
Container Corporation of India turns ex-dividend today, 2 September 2016, for final dividend of Rs 5.50 per share for the year ended 31 March 2016.
Indian Oil Corporation turns ex-dividend today, 2 September 2016, for final dividend of Rs 8.50 per share for the year ended 31 March 2016.
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