Zydus Cadila gets final nod from USFDA to market generic seizures drug

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Drug firm on Thursday said it has received final approval from the US health regulator to market generic Lamotrigine extended-release tablets, used to treat certain types of seizures.


The company has received final approval from the United States Food and Drug Administration (USFDA) to market Lamotrigine extended-release tablets USP in the strengths of 25 mg, 50 mg, 100 mg, 200 mg, 250 mg, and 300 mg, said in a statement.



The product will be manufactured at the group’s manufacturing facility at special economic zone (SEZ), Ahmedabad, it added.


The group now has 283 approvals and has so far filed over 386 abbreviated new drug applications (ANDAs) since the commencement of its filing process, said.

How is investment & wealth management adapting with technological advancements?

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Thanks to digital innovation and the rise of fintech, the financial marketplace continues to evolve at a rapid rate.

Make no mistake; this evolution is gradually changing the way in which investment and wealth management firms operate and the services that they offer to clients.

In the case of service providers such as WH Ireland, there’s also a drive to change the way in which city bonuses are paid and the perception of the industry as a whole. This company is committing to paying bonuses out of earned profits, rather than total revenues generated within a specific period of time.

With this in mind, there’s no doubt that firms are striving hard to remain accessible and relevant in the modern age. But how exactly are investment and wealth management companies adapting to change in the digital age?

What Technologies are Prominent in the Financial Industry?

According to figures, an estimated 68 per cent of financial services respondents have claimed that learning about new technologies and implementing these represents their biggest challenge.

Not only this, but 69 per cent are concerned about their ability to stay relevant in the eyes of younger investors and Millennials, which is why the successful

Coronavirus brings auto sector to its knees; sales tumble in March

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A nation-wide to prevent the spread of has brought an already struggling auto industry to its knees.

India’s automobile sales dropped by an average 64 percent as all manufacturers shutdown plants due to the is a primary barometer of the country’s economic health and a sharp drop signals the magnitude of effort required to restart the economic engine post the pandemic health crisis.


Maruti, which sells one in every two cars in India, said it sold 83,792 units in March, down 47 percent from a year earlier, although it said the number was not comparable with 2019 due to the suspension of operations from March 22.



Export sales were down 55 per cent to 4,712 units from 10,463 in the year-ago period.


In the domestic market, light suffered a blow of 71.5 per cent to 736 units in March 2020 compared to 2,582 units in March 2019.


remains committed to the safety and well-being of its employees, business partners and customers. The company will continue to support government at the Centre and state levels and follow all

UK court dismisses ArcelorMittal’s arbitral award plea against Essar Steel

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A UK court has refused to issue a worldwide freezing order against the parent company of Ltd and members of promoter family – Ravi and Prashant Ruia.


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The order came as steelmaker ArcelorMittal looked to enforce a $1.5 billion arbitral award stemming from a soured supply agreement.


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In an 81-page judgment, High Court Judge Andrew Henshaw on Monday found no merit in the case being brought by ArcelorMittal to enforce a worldwide freeze on Essar’s assets to protect them from “dissipation” while the former pursues parallel legal remedies.


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Reached for comments, ArcelorMittal hinted it may appeal against the judgment while an Essar spokesperson welcomed the decision saying the firm has “consistently argued that the underlying claims of wrongdoing and therefore the applications for the freezing orders were (and continue to be) ill-conceived and without any factual support.”


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“We feel vindicated that the English Court has determined in this regard that ArcelorMittal USA LLC (AMUSA) has no good arguable case to bring before the Court. This Judgement has also vindicated Essar and its founders from any wrongdoing with regard to

HMRC appeal against student accommodation VAT policy ruling rejected

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HMRC’s appeal against a ruling that overturned its student accommodation VAT policy has been rejected in a case bringing benefits for companies involved in the construction of student housing, landlords and universities.

The decision not only provides reassurance to the student housing sector that subcontractors do not have to be paid VAT on new build student accommodation, but has additional implications beyond cash flow for all parties involved.

The Issues

The main contractor at Primus Place had received a certificate from the developer-landlord claiming relief from VAT because the new building would be used for a relevant residential purpose (RRP) i.e. a communal building for students. Ordinarily sub-contractors working on RRP buildings are not entitled to zero-rate their services; VAT must be charged at 20 per cent which the main contractor must then reclaim on a VAT return.

However, the units were designed as self-contained living accommodation including kitchenettes and en-suite bathrooms. While planning consent restricted use to students, there was no clause preventing each unit from being separately used or sold. Summit argued the zero-rate could be applied as they were working on ‘dwellings’. The relief for dwellings is broader than for RRP buildings and allows both main and

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