Marksans Pharma, Wipro and Ashok Leyland to see some action today

27 Aug 2021 Evaluate

Marksans Pharma has received approval from USFDA for an Abbreviated New Drug Application (ANDA) for Acetaminophen Extended-Release Tablets USP, 650 mg (OTC). Acetaminophen Extended-Release Tablets are bioequivalent to the reference listed drug, Tylenol Extended-Release Tablets, 650 mg, of Johnson & Johnson Consumer Inc., McNeil Consumer Healthcare Division. This product approval endorses the capability of Marksans to develop and deliver products on a high barrier platform technology of extended-release tablets. Extended release is an advanced technology and is a solution to patient compliance to avoid repeated dosages at short intervals.

Wipro has entered into strategic partnership with DataRobot, a leader in Augmented Intelligence. The partnership will deliver Augmented Intelligence at scale, to help customers become AI driven enterprises, and accelerate their business impact. DataRobot’s Augmented Intelligence platform complements Wipro’s expertise in enterprise AI.

Ashok Leyland has launched AVTR 4825 Tipper truck with 'dual tyre lift axle' and heavy-duty bogie suspension. Launched on the latest AVTR modular platform with 29-cubic metre load body, the new tipper truck is powered by the company's iGen6 technology 186-Kw engine.

Kotak Mahindra Bank’s subsidiary -- Kotak Securities (KSL) has launched three new ‘Ace Portfolios’- a collection of curated 'smallcase' portfolios for retail investors. In addition to the existing 'smallcase' strategies available on the Kotak Securities investment platform, investors can now invest more intelligently through the three new ‘Ace Portfolios’. 'Smallcases' are portfolios of stocks and ETFs based on specific themes and strategies. These portfolios have been created by specialised research analysts.

Ginger, operated by Roots Corporation which is a subsidiary of The Indian Hotels Company (IHCL), has signed a new hotel in the City of Lakes, Udaipur. The hotel will be designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests.

Steel Authority of India is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in the current fiscal if the prices and demand for the commodity remain stable. The Maharatna PSU has around Rs 30,000 crore net debt as of June 30, 2021, down from Rs 35,350 crore by end of the previous fiscal.

NLC India has raised Rs 500 crore by issuing as many as 10,000 commercial papers of  a face value of Rs 5,00,000.

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