Birla Sun Life appoints Jayant Dua as managing director

Birla Sun Life Insurance Co Ltd said it appointed Jayant Dua as its managing director

Prior to Birla Sun Life Insurance, Mr Dua spearheaded Aditya Birla Insulators (ABI) in the capacity of president and chief executive officer (CEO), the company, a unit of Aditya Birla Nuvo Ltd, said in a release.

On Thursday, Aditya Birla Nuvo shares ended 0.06% higher at Rs814 on the BSE, while the benchmark Sensex closed 0.2% down at 18,172 points.

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Glenmark Pharma unit gets USFDA for Ciotrimazole cream

Glenmark Pharmaceuticals Ltd said its unit Glenmark Generics received abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to sell Ciotrimazole cream USP 1% in that country.

Clotrimazole is used for the topical treatment of candidiasis due to Candida albicans and tinea versicolor. According to IMS Health, the product achieved annual sales of $26 million for the 12 months ending March 2010, the company said in a release to the Bombay Stock Exchange (BSE).

On Thursday, Glenmark shares rose 0.6% to Rs266 on the BSE, while the benchmark Sensex closed 0.2% down at 18,172 points.

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JSW Steel July crude steel production up 4%

Steelmaker JSW Steel Ltd reported a growth of 4% in crude steel production for July 2010 compared a year ago period.

The company's crude steel production increased to 5.2 lakh tons in July from 5.01 lakh tons in same month last year.

During July, its rolled products (flat) production rose 35% to 4.08 lakh tons from 3.03 lakh tons while rolled products (long) production rose 43% to 90,000 tons from 63,000 tons in July 2009, it said in a regulatory filing.

On Thursday, JSW Steel shares gained 0.8% to Rs1,121 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.2% down at 18,172 points.

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