Unichem Lab surges after USFDA closes inspection of plants
Shares of Unichem Laboratories surged in today’s session on the BSE. The company's API manufacturing facilities at Pithampur and Roha have received Establishment Inspection Reports (EIRs) from the USFDA indicating closure of inspections at both the facilities.
The inspection at Pithampur was conducted by the USFDA from July 23-27, 2018, the company said in the filing.
The inspection at Roha was conducted by the USFDA from July 30-August 3, 2018, it added.
PNB Housing Finance raises Rs1,775cr via commercial paper
PNB Housing Finance Limited, India’s 5th largest Housing Finance Company, has successfully raised Rs1, 775cr via commercial paper (CP) in October 2018. The CPs are placed with various mutual funds and banks.
Sanjaya Gupta, Managing Director, PNB Housing Finance Limited said, “In spite of the current tight market scenario, our Company has successfully raised funds through CPs aggregating to Rs1, 775cr at competitive rates. We are thankful to various lenders for placing their funds in our Company. These borrowings in the present environment exhibits the trust and faith of the lender community in PNB Housing Finance Limited.”
NBCC grants LoAs for Rs1,376.5cr projects
NBCC has granted Letter of Awards (LoA) for two projects worth Rs1,376.5cr. Reacting to this, shares of the company rose 1% in afternoon session on Monday.
An order worth Rs837.77cr has been awarded to Girdhari Lal Constructions Private Ltd. The scope of this order includes the construction of residential towers and commercial towers, social infrastructure buildings, external development works, and allied works on a design, engineering, procurement, and construction (EPC) basis (Pkg-I/Phase I).
Lupin gets USFDA nod for generic Triamcinolone Acetonide
Pharma major Lupin has received approval for its Triamcinolone Acetonide Ointment USP, 0.1% from the USFDA to market a generic version of Mylan Pharmaceuticals, Inc.'s (Mylan) Triamcinolone Acetonide Ointment, 0.1%.
Lupin's Triamcinolone Acetonide Ointment USP, 0.1% is the generic version of Mylan's Triamcinolone Acetonide Ointment, 0.1%. It is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses, as per a BSE filing.
SBI receives approval to raise Rs5,000cr via bonds in FY19
State Bank of India (SBI) has received its board's approval to raise Base-III compliant Tier 2 bonds up to Rs5,000cr in USD/INR overseas and/or from lndian investors during FY19 through a public offer/private placement, the bank said in a press note to the exchanges on Monday.
Further, an approval has also been received for raising equity capital up to Rs20,000cr during FY19 from the market by way of FPO/QlP/Preferential allotment/Rights lssue/any other mode or a combination of these, to be decided at an opportune time, the bank added.
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