Indraprastha Gas receives order from
PNGRB
Indraprastha Gas has received a letter
from the Petroleum and Natural Gas Regulatory Board (PNGRB) for development of
a CGD network, the company said in a press release to the exchanges on Monday. "The Company has received the letter dated September 13, 2018, from
PNGRB authorizing the Company for development of CGD network in the
Geographical Area of Meerut (except areas already authorized), Muzaffarnagar
and ShamIi Districts," said Indraprastha Gas in a press note.
Alembic Pharma receives final USFDA approval
for gPristiq
Alembic Pharmaceuticals has received final
USFDA approval for Desvenlafaxine ER Tablets, 25mg. Desvenlafaxine ER is
indicated in the treatment of major depressive disorder (MOD). The approved
ANDA is therapeutically equivalent to Wyeth Pharma Inc’s Pristiq ER, table
25mg.According to IQVIA, Desvenlafaxine ER 25mg tablet had an estimated sales
of $13.3mn in 2017. This is a small drug and we have low sales expectations
from this drug. Alembic is already present in 50mg strength of this drug.Alembic
Pharma now has total 77 ANDA approvals (64 final approvals and 13 tentative
approvals) from USFDA.
Sugar stocks extend gains; Bajaj
Hindusthan Sugar, Dalmia Sugar up 20%
Sugar manufacturers rose for the third day
on the BSE ahead of festive demand after the government approved a 25% hike in
the price of ethanol produced directly from sugarcane juice for blending in
petrol last week.Meanwhile, shares of Rana Sugar, Dhampur Sugar, Magad Sugar,
Bajaj Hindusthan Sugar, Dalmia Sugar, Rajshree Sugar, Ugar Sugar, Simbhaoli
Sugar, Dwarikesh Sugar, Uttam Sugar, and Avadh Sugar were all up ~20%.The
Cabinet Committee on Economic Affairs on Wednesday had raised the procurement
price of ethanol derived from 100% sugarcane juice to Rs59.13 per liter from
the current rate of Rs47.13, as per media reports. The move would help sugar
mills quickly release the arrears of cane farmers, the report added.
Asian stocks decline as trade concerns
resurface
Stocks in Asia fell with emerging-market
currencies after the latest US move to place a further tranche of tariffs on
Chinese goods and amid signs some central banks are struggling to stabilize
their currencies. The dollar maintained gains.Shares in Hong Kong and China led
declines, with Japanese markets closed for a holiday, after news that President
Donald Trump instructed aides to proceed with tariffs on about $200bn more in
Chinese products.Copper and nickel dragged industrial metals lower, while
emerging-market currencies weakened, led by a slide in India’s rupee and the
Korean won. Futures signaled small losses for stocks when trading starts in
London and New York. The 10-year Treasury yield hit 3% on Friday.
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