Showing posts with label company news. Show all posts
Showing posts with label company news. Show all posts
Monday, 13 May 2013
Ranbaxy Company to pay $500 million to settle US fraud charges
Ranbaxy Laboratories on Monday agreed to pay $500 million (around Rs 2,743 crore) to resolve fraud allegations made in a whistle-blower's lawsuit and federal criminal charges that the company sold adulterated drugs and lied about it to US regulators. This is the largest false claims case involving a generics drugs manufacturer.
Ranbaxy agreed to pay a criminal fine and forfeiture totalling $150 million and to settle civil claims for $350 million. The generic drugs at issue were manufactured at Ranbaxy's facilities in Paonta Sahib and Dewas, India. They include acne drug Sotret, epilepsy and nerve pain drug gabapentin, and antibiotic ciprofloxacin.
Ranbaxy, in papers filed in Federal court in Baltimore, admitted it had sold batches of drugs that were improperly manufactured, stored and tested. The company also pleaded guilty to making fraudulent statements to the Food and Drug Administration (FDA) about how it tested drugs at two of its Indian plants.
Ranbaxy agreed to pay a criminal fine and forfeiture totalling $150 million and to settle civil claims for $350 million. The generic drugs at issue were manufactured at Ranbaxy's facilities in Paonta Sahib and Dewas, India. They include acne drug Sotret, epilepsy and nerve pain drug gabapentin, and antibiotic ciprofloxacin.
Ranbaxy, in papers filed in Federal court in Baltimore, admitted it had sold batches of drugs that were improperly manufactured, stored and tested. The company also pleaded guilty to making fraudulent statements to the Food and Drug Administration (FDA) about how it tested drugs at two of its Indian plants.
Tuesday, 7 May 2013
Rekha Rakesh Jhunjhunwala buys 25,00,000 shares of SpiceJet
Rekha Rakesh Jhunjhunwala bought 25 Lakh shares of SpiceJet at Rs 38.94 on the BSE.
In the previous trading session, the share closed at Rs 40.50, up Rs 2.45, or 6.44 percent. It has touched an intraday high of Rs 41.80 and an intraday low of Rs 37.20.
The share touched its 52-week high Rs 50.90 and 52-week low Rs 26.90 on 07 December, 2012 and 04 April, 2013, respectively. Currently, it is trading 20.43 percent below its 52-week high and 50.56 percent above its 52-week low. Market capitalisation stands at Rs 2,107.14 crore.
In the previous trading session, the share closed at Rs 40.50, up Rs 2.45, or 6.44 percent. It has touched an intraday high of Rs 41.80 and an intraday low of Rs 37.20.
VPM Electricals buys 10.85 lakh shares of Eon Electric Private ltd
VPM Electricals Private Limited bought 10,85,050 shares of Eon Electric at Rs 24.62 on the BSE.
VPM Industrial Services Corporation LLP sold 10,86,560 shares at Rs 24.62.In the previous trading session, the share closed at Rs 24.60, down Rs 0.45, or 1.80 percent. It has touched an intraday high of Rs 24.70 and an intraday low of Rs 23.10.
The share touched its 52-week high Rs 53.85 and 52-week low Rs 20.30 on 07 May, 2012 and 29 August, 2012, respectively. Currently, it is trading 54.32 percent below its 52-week high and 21.18 percent above its 52-week low. Market capitalisation stands at Rs 39.50 crore.
VPM Industrial Services Corporation LLP sold 10,86,560 shares at Rs 24.62.In the previous trading session, the share closed at Rs 24.60, down Rs 0.45, or 1.80 percent. It has touched an intraday high of Rs 24.70 and an intraday low of Rs 23.10.
The share touched its 52-week high Rs 53.85 and 52-week low Rs 20.30 on 07 May, 2012 and 29 August, 2012, respectively. Currently, it is trading 54.32 percent below its 52-week high and 21.18 percent above its 52-week low. Market capitalisation stands at Rs 39.50 crore.
Godrej Properties to mull rights issue
Godrej Properties shares gained two percent in early trade Tuesday as the board of directors of the company will be considering the issue of equity shares on rights basis on May 9.
The board will also mull and approve the audited financial results for the quarter and year ended March 31, 2013 and recommendation of dividend for the financial year ended March 31, 2013.
The board will also mull and approve the audited financial results for the quarter and year ended March 31, 2013 and recommendation of dividend for the financial year ended March 31, 2013.
Emami rises 3% on strong Q4 earnings, bonus issue
Emami Share Consolidated profit grew by 30 percent year-on-year to Rs 94 crore while sales rose over 13 percent to Rs 451 crore from Rs 398 crore, Y-o-Y.
Revenue growth was tad below street estimates of 19 percent because of 12.3 percent de-growth in international business.
Revenue growth was tad below street estimates of 19 percent because of 12.3 percent de-growth in international business.
Monday, 6 May 2013
clean-chit to ICICI Bank, HDFC Bank and Axis Bank_KYC norms
Subbarao, speaking at the customary post-policy media interaction, asserted that while money laundering, which involves use of criminal money, has not been observed in any of the banks, certain "specific transgressions" on the know-your-customer (KYC) front have been discovered.
The RBI said it has not given clean-chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering and flouting KYC norms, and stated the probe against the three banks is still on.The inquiry is still in progress," RBI Governor D Subabrao told reporters when asked whether the apex bank had given clean chit to the three banks.
Thursday, 13 September 2012
Indian Bank may raise capital through FPO next fiscal
Indian Bank may come out with a follow-on public offer (FPO) next fiscal if market conditions improve, a top official said.
"We do not require capital immediately...we may go in for FPO in the next fiscal (2013-14)," the state-owned bank's Chairman and Managing Director T M Bhasin told PTI.
The board has already given approval for equity dilution to the extent of 10%, he said.At present, the government holds 80% stake in the Chennai-headquartered bank.
"We do not require capital immediately...we may go in for FPO in the next fiscal (2013-14)," the state-owned bank's Chairman and Managing Director T M Bhasin told PTI.
The board has already given approval for equity dilution to the extent of 10%, he said.At present, the government holds 80% stake in the Chennai-headquartered bank.
Godrej Properties likely to launch 17 new projects
Leading real estate player Godrej Properties would invest up to Rs 600 crore in developing a residential complex in Gurgaon over the next five years.
Godrej Summit, will be developed in partnership with Zara Sanya under an area sharing agreement, in which GPL will hold 65% stake. This is company's second project in the National Capital Region.
Godrej Summit, will be developed in partnership with Zara Sanya under an area sharing agreement, in which GPL will hold 65% stake. This is company's second project in the National Capital Region.
Subscribe to:
Posts (Atom)
