logo
Alembic Pharma receives USFDA nod for Amlodipine and Atorvastatin Tablets

Alembic Pharma receives USFDA nod for Amlodipine and Atorvastatin Tablets

Alembic Pharmaceuticals announced that it has received final approval from the U.S. Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Amlodipine and Atorvastatin Tablets USP.
Amlodipine and Atorvastatin tablets are a combination medication used to treat high blood pressure (hypertension) and high cholesterol (hyperlipidemia).
The approved product is therapeutically equivalent to the reference listed drug, Caduet Tablets, marketed by Pharmacia and Upjohn Co. LLC.
The company now has a cumulative total of 223 ANDA approvals from the USFDA, including 199 final approvals and 24 tentative approvals.
Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company. It manufactures and markets generic pharmaceutical products all over the world. Its research and manufacturing facilities are approved by regulatory authorities of many developed countries, including the USFDA.
The companys consolidated net profit declined 12% to Rs 156.89 crore despite a 16.7% jump in net sales to Rs 1,769.64 crore in Q4 FY25 over Q4 FY24.
The counter shed 0.13% to Rs 971.25 on the BSE.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Noida man loses Rs 2.9 crore in a stock trading fraud scheme
Noida man loses Rs 2.9 crore in a stock trading fraud scheme

Time of India

time19 minutes ago

  • Time of India

Noida man loses Rs 2.9 crore in a stock trading fraud scheme

Noida: A Sector 36 resident was allegedly cheated out of nearly Rs. 2.9 crore in a cyber fraud. The scammers posed as stock traders from a Kolkata-based company He registered a complaint with the Cyber Crime police, accusing two individuals named Keerti Saraf and Krishna Rath M, of cyber fraud, breach of trust, and investment fraud. They claimed to be wealth management gurus representing a company named "Abbott Wealth Management". They promised lucrative returns on investments, such as 15-30% profit within 24 hours, and convinced him to transfer substantial amounts of money to various bank accounts under the guise of legitimate investment schemes. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida The complainant said that the accused, particularly Saraf, spent a long time developing a personal relationship with him on WhatsApp. From April to June, he was repeatedly contacted by the accused, who made him transfer funds through RTGS to multiple accounts. The total amount transferred amounted to Rs 2.89 crore. They ultimately told him he had profits of Rs 35 lakh, but he did not see any of it. He further explained that after the initial payments, the accused demanded additional funds under various pretexts, including service charges, processing fees, and taxes. They also shared forged official documents from bodies such as SEBI to persuade him. Despite making all the payments, the complainant did not receive any returns or benefits from the investments. Instead, he realised that he was duped. The complaint also highlighted the emotional and psychological distress caused by the fraud. He described how the accused used fake identities, forged documents, and false promises to manipulate him into transferring funds. He provided detailed information about the transactions, including account numbers, transaction dates, and amounts transferred, to assist in the investigation. Based on the statements, police filed a case under sections 318(4) (cheating) and 319(2) (cheating by personation) of the Bharatiya Nyaya Sanhita and section 66D of the IT Act.

Easemytrip Co-Founder Says Bangalore Traffic Will Improve By 25-30%, Shares Update On Project
Easemytrip Co-Founder Says Bangalore Traffic Will Improve By 25-30%, Shares Update On Project

NDTV

timean hour ago

  • NDTV

Easemytrip Co-Founder Says Bangalore Traffic Will Improve By 25-30%, Shares Update On Project

EaseMyTrip co-founder Prashant Pitti has shared a major update on his plans to improve Bengaluru traffic. In a recent post on X (formerly Twitter), he said that he is confident that the city's traffic can be improved by 25-30 per cent within a year. Recently, he even pledged Rs 1 crore to address the massive traffic issues in India's Silicon Valley. Pitti met with key stakeholders, including the Bengaluru Traffic Police, Bruhat Bengaluru Mahanagara Palike (BBMP), City Police, Google India, IISc researchers and mobility entrepreneurs as he mentioned a crucial step of "Collaboration at Scale". 🚨 MAJOR UPDATE on Bangalore Traffic Project! I am confident of improving Bangalore traffic by 25-30% within a year's time --- 1. Collaboration at Scale In just 10 days, after meeting the commissioners of BTP, BBMP, CP, Google team, IISC professors, Scientist, Road Engineers,… — Prashant Pitti (@ppitti) July 24, 2025 "All three newly appointed commissioners were very kind to invite me to showcase existing capabilities AND collaborate to work together. For the first time we are bringing all key public and private players - to the same table," Pitti said is a post on X (formerly Twitter). While mentioning "Quick Optimization Projects", Pitti listed four points. Bangalore Traffic Simulators: Using simulation models developed by BTP and IISc to generate dynamic re-routing suggestions and predict gridlocks. Fixing Feedback Loop: Enhancing the government's existing complaint app to report potholes, illegal parking, broken signals, and other issues, with public display of complaints and action taken. Hyperlocal Rain Predictor: Developing a forecasting tool to help authorities plan roadwork better and prevent unnecessary delays due to unexpected rainfall. Green Wave Signals: Implementing a pilot project to sync traffic lights along routes for smoother vehicular flow. "If we continue to wait for the infra to become better, then we are merely playing a catch-up game with the West. There is so much scope to optimize current infra, and I would rather focus on that," he said while mentioning the step "The Vision for India". A WhatsApp community has also been launched to crowdsource feedback from daily commuters on trouble zones, which will be compiled and shared with civic authorities. Pitti has requested mobility data from Google, Uber, Ola, and Rapido to improve predictive models and prevent gridlocks. "Join our WhatsApp Community, where I will regularly post the next-steps. Plus we need more info from each one of you. On which junction/road, you face massive traffic issue. So we can present them to the right authorities. Link to join below in the comment section," he wrote.

Karur Vysya Bank posts Rs 521 cr Q1 profit
Karur Vysya Bank posts Rs 521 cr Q1 profit

United News of India

timean hour ago

  • United News of India

Karur Vysya Bank posts Rs 521 cr Q1 profit

Bengaluru, July 24 (UNI) Karur Vysya Bank (KVB) today reported a strong 13.51% rise in net profit to ₹521 crore for the quarter ended June 30, 2025, compared to Rs 459 crore in the same period last year, underscoring the bank's continued focus on profitability and operational efficiency. Driven by consistent growth across key segments, the bank's total business surged to ₹1,96,024 crore, a 15.27% year-on-year (YoY) increase. Total deposits stood at Rs 1,06,650 crore, up 15.49% YoY, while advances climbed to ₹89,374 crore, reflecting a 15.01% YoY rise. The Retail, Agri, and MSME (RAM) loan portfolio recorded robust growth of 19.52% YoY, highlighting the bank's continued push towards inclusive credit expansion. In a key development, the Board of Directors approved the issuance of bonus equity shares in the ratio of 1:5, one share for every five held — subject to shareholder approval. The bank's operating performance remained resilient, with Pre-Provision Operating Profit (PPOP) rising by 7.91% YoY to Rs 805 crore. Net Interest Income (NII) increased by 5.16% to ₹1,080 crore. However, the Net Interest Margin (NIM) eased to 3.86%, down 28 basis points from the previous year. The cost-to-income ratio stood at 47.24%, indicating prudent cost control, while Return on Assets (ROA) was a healthy 1.73%. KVB's other income jumped 16.10% YoY, and commission and fee-based income rose 5.02% sequentially to ₹251 crore. Operating expenses for the quarter were ₹721 crore, compared to ₹667 crore in Q1 of the previous year. Asset quality improved significantly during the quarter. Gross Non-Performing Assets (GNPA) declined sharply to 0.66%(₹593 crore) from 1.32% (₹1,025 crore) a year ago, while Net NPA dropped to **0.19%** (₹170 crore) from 0.38% (₹294 crore). The Provision Coverage Ratio (PCR) strengthened to 96.76%, reflecting robust credit risk management. The bank's capital adequacy remains strong, with a Capital Adequacy Ratio (CAR) of 17.36% under Basel III norms, up from 16.47% in the previous year and well above the regulatory requirement of 11.50%. Tier 1 capital stood at 16.33%. As of June 30, 2025, the bank's physical and digital presence expanded to 888 branches, one Digital Banking Unit, and 2,226 ATMs/Cash Recyclers. With 55% of its branches located in semi-urban and rural areas, KVB continues to deepen its footprint in underserved regions. It is also supported by 374 business correspondents. Commenting on the results, B Ramesh Babu, Managing Director & CEO, said, "We are pleased to report that our performance metrics are in line with our guidance. Our growth strategy remains consistent, and this quarter's results underscore our operational resilience. The Bank continues to deliver inclusive and sustainable growth across all parameters — business expansion, profitability, and asset quality." UNI BDN ARN

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store