&w=3840&q=100)
Aurobindo Pharma recalls over 4,600 bottles of painkiller in US market
Aurobindo Pharma's United States unit has initiated a recall of more than 4,600 bottles of a pain relief medication from the American market following consumer complaints about product quality, according to the US Food and Drug Administration's (USFDA) Enforcement Report.
The product — Acetaminophen Tablets (325 mg) — is being recalled due to manufacturing deviations from Current Good Manufacturing Practices (cGMP), triggered by 'confirmed consumer complaints received with the observation of tablet discolouration (brown surface on tablets)', the US drug regulator mentioned.
The Class-II recall of the drug, which is generally used for the relief of headaches, migraine, back pain, toothache, and muscular pain, was initiated by the Princeton-based subsidiary on May 22, the report mentioned.
As per the USFDA classification, a Class-II recall is initiated 'when the use of, or exposure to, a violative product may lead to temporary or medically reversible health consequences, or when the probability of serious adverse health consequences is remote.'
Reason for recall
cGMP deviations: Due to confirmed consumer complaints received with the observation of tablet discoloration (brown surface on tablets)
Product quantity
4,608 bottles
Classification
Class-II
Aurobindo Pharma Q4 results
In the fourth quarter of financial year 2024–25 (Q4FY25), Aurobindo Pharma Limited reported a marginal slump of 0.5 per cent in its net profit to ₹903 crore, compared to ₹907 crore in the same period last year.
However, the revenue from operations hiked 10.6 per cent year-on-year (Y-o-Y) to ₹8,382 crore during the quarter, with growth seen across key business segments.
Revenue from US formulations grew by 13.5 per cent Y-o-Y to ₹4,072 crore ($470 million), while Europe formulations posted a stronger growth of 17.2 per cent Y-o-Y to ₹2,147 crore (€236 million). Shares of Aurobindo Pharma last traded at ₹1124.75 apiece on the BSE at the close of the markets on Friday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
A-list stars light up Jeff Bezos & Lauren Sánchez's star-studded final wedding bash in Venice with dance party
The wedding celebration of American tycoon and former journalist Lauren Sánchez Bezos in Venice culminated on Saturday, June 29, 2025, marking the third and final day of festivities. Athletes, celebrities, influencers, and business leaders converged to revel in the extravagant affair, attracting a high-profile crowd, including Oprah Winfrey, Bill Gates, NFL legend Tom Brady, and the Kardashians. The celebrity couple was seen enjoying one more special day with their guests amid an unforgettable wedding week. Billionaire Amazon founder, 61, and the Emmy Award-winning journalist, 55, tied the knot on the island of San Giorgio Maggiore in Venice, Italy, on Friday, June 27. The nuptials, which were preceded by a star-studded welcome party, are being capped off with a final blowout bash on Saturday night, June 28. Ahead of the final day of the star-studded celebration, a source told PEOPLE that two of the newlyweds' friends and favorite musicians, Usher and DJ Cassidy, will perform at the party. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. "[They're] going to set the tone. Tonight is all about the music," PEOPLE quoted the source as saying about the musical performances. "It's the culmination, the final big party." "The first night was dinner, the second was the ceremony with Andrea Bocelli's son performing, and tonight's the full-on dance floor," the source further stated. Ahead of the final bash, many of the celebrity guests were photographed getting into water taxis en route to the venue. The list included Oprah Winfrey, Gayle King, Leonardo DiCaprio, Kendall Jenner, Kylie Jenner, Kris Jenner, and Brooks Nader. Live Events Sánchez shared her first wedding photo on Instagram just hours after the ceremony. About half an hour after her first post, the former journalist shared a second post gushing over her wedding dress—a high-necked, hand-appliquéd Italian lace wedding dress designed by Dolce & Gabbana. "Not just a gown, a piece of poetry. Thank you @dolcegabbana for the magic you made," Lauren wrote. Meanwhile, hundreds of protesters marched through Venice's central streets on Saturday to say 'No' to billionaire Jeff Bezos , his bride, and their wedding extravaganza, which reached its third and final day amid celebrity-crowded parties and the outcries of tired residents. The couple's wedding, which took place at a private ceremony on the secluded island of San Giorgio, angered many Venetians, with some activists protesting it as an exploitation of the city by the billionaire Bezos, while ordinary residents suffer from overtourism, high housing costs, and the constant threat of climate-induced flooding. As the two newlyweds prepared for the final party Saturday evening, hundreds of Venetians and protesters from across Italy filled Venice's tiny streets with colorful banners reading 'Kisses Yes, Bezos No' and 'No Bezos, no War.' Venice has around 50,000 residents. The demonstration contrasted with the expensive wedding bonanza, seen by critics as an affront to the lagoon city's fragile environment and its citizens, overwhelmed by throngs of tourists. Jeff Bezos and Lauren Sanchez announced their relationship in 2019. Four years later, the Amazon founder proposed to the former journalist with a 30-carat engagement ring in May 2023. Following the engagement, the celebrity duo kept their wedding plans private, though they shared bits and pieces here and there.
Time of India
33 minutes ago
- Time of India
Is the Trump 2.0 agenda deliberately aimed at companies' bottom line?
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Corporate America's profits are slipping. Last week, the Bureau of Economic Analysis confirmed that corporate post-tax profits dropped in the first quarter by 3.3% — by far their biggest fall since the companies make less money, it's often a harbinger of an economic slowdown. In this case, it also raises the more profound question of whether the Trump 2.0 agenda is deliberately aimed at companies' bottom sounds outlandish. The S&P 500 just hit an all-time high, so Corporate USA is worth more than ever. But it makes sense. After-tax profits account for an unprecedented 10.7% of gross domestic product, when in the last 50 years of the 20th century, they never exceeded 8%. The only time approaching their current share of the economy was in 1929 on the eve of the Great Crash. If the nation is to deal with inequality, money must be redistributed from somewhere; corporate profits are an obvious source of in the Trump coalition have long held an anti-corporate agenda. A few months ago, Adrian Wooldridge argued in this space that MAGA wanted to 'end capitalism as we know it.' Specifically, he contended that many leaders in the Trump coalition wanted to 'deconstruct the great workhorse of American capitalism: the publicly owned and professionally managed corporation.'These are strong words, but sound understated compared to the writings of Kevin Roberts, head of the Heritage Foundation and a lead creator of Project 2025, an ambitious and radical agenda for Trump 2.0. He argues that BlackRock, the world's largest fund manager and a pillar of contemporary US capitalism, is 'decadent and rootless' and should be burned to the ground — a fate it should share with the Boy Scouts of America and the Chinese Communist Marjorie Taylor Greene, an outspoken Trump supporter in Congress, 'the way corporations have conducted themselves, I've always called it corporate communism.' She has urged government investigations of companies that stopped donations to Republicans after the Jan. 6, 2021, attack on Bannon, Trump's campaign chief in 2016, complained to Semafor that only $500 billion of the US government's $4.5 trillion came from corporate taxes. 'Since 2008, $200 billion has gone into stock repurchases. If that had gone into plants and equipment, think what that would have done for the country.'He advocated a 'dramatic increase' in taxes on corporations and the wealthy. 'For getting our guys' taxes cut, we've got to cut spending, which they're gonna resist. Where does the tax revenue come from? Corporations and the wealthy.'Several current policies are not explicitly anti-corporate, but more or less guaranteed to have that Lerner, head of the HOLT analytical service at UBS , points out that in data going back to 1870, the correlation between tariffs and companies' earnings yield (a measure of their core profitability) has been consistent. Tariffs hurt companies. Looking at the cash flow return on investment since 1950, it has risen (meaning companies grew more profitable) directly in line with rises in imports as a proportion of done jointly by Societe Generale Cross-Asset and Bernstein demonstrates that globalization has benefited US companies not only through international sales (40% of revenues for S&P 500 companies) but also through lower costs. In 2001, when China joined the World Trade Organization , the S&P's cost of goods sold accounted for 70% of the revenues generated by selling them. It had been around this level for many years. That has now dropped to 63% — a massive improvement of 7 percentage points in this basic margin. Technology, consumer and industrial firms have gained the most — and stand to lose the most from 2.0 policies so far have redistributed from shareholders to workers. Vincent Deluard, macro strategist at StoneX Financial, points out that the only tax not cut by the One Big Beautiful Bill currently before Congress is corporate income tax. 'The grand bargain of the Big Beautiful Bill is to compensate for the tariffs' inflationary shock with personal income tax cuts,' he says. 'If exchange-rate adjustments, foreigners, and consumers do not pay for tariffs, corporate profits will.'Beyond that, eliminating illegal immigration and restricting foreign students raises labor costs. Threats to tax foreign investments in section 899 of the bill — which now appear likely to be withdrawn — risked reducing capital inflows and make it harder to raise own behavior has contributed to these trends. Over history, their share of GDP has tended to oscillate with the economy, rising when labor organizations' negotiating power is weak. But in this century, their profits grew less susceptible to the economic cycle, surging higher after the Edwards, a macro strategist for SocGen, argues that they pushed through margin-expanding price increases 'under the cover of two key events, namely 1) supply constraints in the aftermath of the Covid pandemic, and 2) commodity cost-push pressures after Russia's invasion of Ukraine.'Margins matter more in an environment where people are conscious of the damage inflation can do to their standard of living. That gave rise to the concept of 'greedflation' — which Edwards thinks is deserved. Politicians have increasingly felt emboldened to intervene in companies' pricing decisions, something that's been off-limits since Richard Nixon's ill-fated price controls in the early 1970s. Kamala Harris proposed 'anti-gouging' policies in her unsuccessful presidential campaign; more recently, Trump forced a climbdown by companies like Amazon that proposed to itemize the impact of tariffs on the prices they to the top of a company never used to be a ladder to mega-wealth. That was reserved for entrepreneurs who founded their own firms. Modern executive pay has changed that and allowed CEOs to become billionaires by meeting unchallenging targets for their share price. The gulf between their pay and workers' wages shrieks of injustice; according to the Economic Policy Institute, the CEO-to-worker compensation ratio reached 399-1 in 2021; in 1965, it was only 20-1. From 2019 to 2021, CEO pay rose 30.3% while those workers who kept their jobs through the pandemic got a raise of 3.9%.This can easily be dismissed as the politics of envy, but executive compensation now arguably skews the entire economy. Andrew Smithers, a veteran London-based fund manager and economist, and nobody's idea of a leftist, has long inveighed against the bonus culture, which he holds responsible for a disastrous misallocation of argued that America's problem was 'two decades of underinvestment':The major cause has been a change in the way company managements are paid. The 1990s saw the arrival of the bonus culture, which massively shifted management incentives and thus changed management behavior. Sadly, the change did immense damage to the economy. Managements were encouraged to invest less and, with lower investment, growth argues that companies increased their investment in response to corporate tax cuts in earlier generations, but stopped doing this once executives were paid to prioritize their share price. That led them to cut back on investment, spending money on acquisitions and share buybacks. That dampened growth, but also ensured better returns in the short run for investing in stocks is still primarily a game for those who are already wealthy, this stoked inequality still further. Opposition to high executive pay is often couched as a populist class-warrior position, but there is far more to it than Trump coalition always had anti-corporate elements, but this didn't stop his first administration from delivering for the private sector in a big way. In 2024, Trump added the support of Silicon Valley, and took the oath of office for the second time in front of a serried rank of billionaires. But he's also losing old corporate Koch, the industrialist hated by Democrats as the architect of libertarian Republican policies, has lost patience. After funding Nikki Haley's run against Trump in last year's Republican primaries, he told the Cato Institute earlier this year that too many institutions had lost their libertarian principles, and 'people have forgotten that when principles are lost, so are freedoms.' How will people like Koch respond if the administration clamps down on companies?America's key political developments tend to happen within parties, not between them. The current Republican coalition is no stranger in concept than Lyndon Johnson's Democratic Party of the 1960s, the New Deal coalition that combined multi-racial liberals from the North and West with pro-segregationist whites from the South. Once Johnson decided to choose one wing over the other, with his civil rights acts, that alliance now, the MAGA coalition includes both America's largest corporations and their most trenchant critics. The policy choices of the next few months, and their effects, will determine whether that can continue.
The Hindu
2 hours ago
- The Hindu
Elon Musk renews criticism of Trump's ‘big beautiful bill' as it faces key Senate vote
Elon Musk on Saturday (June 28, 2025) doubled down on his distaste for U.S. President Donald Trump's sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries. 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,' Mr. Musk wrote on X on Saturday as the Senate was scheduled to call a vote to open debate on the nearly 1,000-page bill. 'It gives handouts to industries of the past while severely damaging industries of the future.' The Tesla and SpaceX CEO, whose birthday is also Saturday, later posted that the bill would be 'political suicide for the Republican Party". The criticisms reopen a recent fiery conflict between the former head of the Department of Government Efficiency and the administration he recently left. They also represent yet another headache for Republican Senate leaders who have spent the weekend working overtime to get the legislation through their chamber so it can pass by Mr. Trump's Fourth of July deadline. Mr. Musk previously made his opinions about Mr. Trump's 'big, beautiful bill' clear. Days after he left the federal government last month with a laudatory celebration in the Oval Office, he blasted the bill as 'pork-filled' and a 'disgusting abomination". 'Shame on those who voted for it: you know you did wrong. You know it,' he wrote on X earlier this month. In another post, the wealthy GOP donor who recently forecasted that he'd step back from political donations threatened to fire lawmakers who 'betrayed the American people". When Mr. Trump clapped back to say he was disappointed with Mr. Musk, back-and-forth fighting erupted and quickly escalated. Mr. Musk suggested without evidence that Mr. Trump, who spent the first part of the year as one of his closest allies, was mentioned in files related to sex abuser Jeffrey Epstein. Mr. Musk ultimately tried to make nice with the administration, saying he regretted some of his posts that 'went too far". Mr. Trump responded in kind in an interview with The New York Post, saying, 'Things like that happen. I don't blame him for anything.' It's unclear how Mr. Musk's latest broadsides will influence the fragile peace he and the president had enjoyed in recent weeks. The White House didn't immediately respond to a request for comment. Mr. Musk has spent recent weeks focused on his businesses, and his political influence has waned since he left the administration. Still, the wealthy businessman poured hundreds of millions of dollars into Mr. Trump's campaign in 2024, demonstrating the impact his money can have if he's passionate enough about an issue or candidate to restart his political spending.
