GM India introduces the cashless ownership offer for all models

General Motors India said it introduced a cashless ownership offer on all of its Chevrolet range of vehicles, to enable customers to own a Chevrolet in the most affordable way.

As part of the Chevrolet cashless ownership offer, the customer will only have to pay one-time subsidised amount to avail free maintenance and service of his car for the next three years or 45,000 km, whichever is earlier, to ensure low ownership and maintenance cost, GM India said in a release.

This offer will cover all the periodic maintenance services and running repairs. In case the cost exceeds the maximum maintenance expense for three years outlined for each model, Chevrolet promises a full refund of the differential, it added.

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Hindustan Dorr-Oliver signs agreement with Bronswerk Heat Transfer

Hindustan Dorr-Oliver Ltd (HDO) said it joined hands with Netherlands-based Bronswerk Heat Transfer BV (BHT) to manufacture BHT's critical equipments in India.

Further this collaboration will also facilitate BHT to compete in the Europe, US and Middle East market.
On Tuesday, HDO shares ended 0.5% up at Rs121 on the BSE, while the benchmark Sensex closed 0.7% down at 17,749 points.

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Sun Pharma gets FDA approval for generic of Optivar

Sun Pharmaceutical Industries Ltd said it received an abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to market a generic version of Optivar, azelastine ophthalmic solution, 0.05%, in the US.

This sterile azelastine hydrochloride ophthalmic solution is therapeutically equivalent to Optivar Ophthalmic Solution 0.05% from Medpointe Pharmaceuticals and has annual sales of about $50 million in the US.
Azelastine is used for the treatment of the itching of the eyes associated with allergic conjunctivitis.

On Tuesday, Sun Pharma shares ended 0.3% up at Rs1,758 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% down at 17,749 points.

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