Corporate News: # Lupin Pharmaceuticals Inc., US subsidiary of Lupin Ltd, has signed a strategic co-promotion agreement with US based Onset Dermatologics, LLC that grants Lupin exclusive rights to promote Onset’s Locoid Lotion (hydrocortisone butyrate 0.1%) to pediatricians in the US. # Tata Power has signed an agreement with EESL for energy efficiency and conservation initiatives. EESL (Energy Efficiency Services Ltd) is a joint venture of public sector units of the Ministry of Power. The MOU provides a framework and strategy for collaborative activities and partnership for energy efficiency and conservation. # Glenmark Pharmaceuticals received final approval from the US health regulator for its generic Desoximetasone Ointment and will commence the shipping of the product immediately. According to IMS Health sales data for the 12-month period ending June 2013, Desoximetasone Ointment garnered annual sales of nearly $40 mn. # Tata Steel Ltd to payout a total amount of Rs 180.5 crores for its 30,824 eligible employees as part of the annual bonus for the year ended March. The company signed a memorandum of settlement with Tata Workers Union for the same. As per the memorandum, Tata Steel will be disbursing bonuses to employees of all division. A minimum and maximum annual bonus payable for 2012-13 (Apr-Mar) will be Rs 13,311 and Rs 143,653 respectively. # Tech Mahindra has bagged IT contract from Australia’s second largest telecommunication company Optus to provide systems integration, infrastructure management services and a small chunk of back-office outsourcing as part of the arrangement.
Posted on: Tue, 24 Sep 2013 03:48:29 +0000
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