Ind Swift Laboratories has so far filed 374 DMFs with various regulatory authorities including 05 DMFs filed in Australia
Ind Swift Laboratories Ltd (ISLL), a global pharmaceutical company, has got Therapeutic Goods Administration (TGA) approval from Australia for seven of its APIs-Donepezil HCI, Clarithromycin, Letrozole, Pioglitazone HCI, Ropinirole, Acamprosate and Aripiprazole to be manufactured at its facility at Derabassi.
Australia is the most attractive market for pharmaceutical investment in the Asia Pacific region which is primarily due to its growing and ageing population, excellent access to medicines, and fast-recovering economy.
Australia's generics market will be worth $830 million this year, (Australian pharmaceutical market valued around $9 billion) and is expected to grow an average 7% a year, presenting "huge opportunities" for manufacturers through tapping into the diabetes, oncology, neurological and cardiovascular disease markets.
NR Munjal, vice chairman and managing director, ISLL, says, "The TGA approval for seven facilities will further strengthen our market position in the Pacific region and the recent accreditation from TGA will facilitate our growth and penetration specifically in the diabetology and cardio vascular disease treatments."
The company has so far filed 374 DMFs with various regulatory authorities including 05 DMFs filed in Australia.
On Monday, ISLL ended 0.72% up at Rs83.75 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.69% to 16,051.10.
Electro-Motive Diesel is working jointly with Research Designs and Standards Organization and Diesel Locomotive Works on new locomotives
Through its subsidiary, EMD Locomotive Technologies Pvt Ltd, Electro-Motive Diesel, Inc (EMD) is expanding its base in India to better serve Indian Railways by bringing the latest technology to the country.
In a landmark achievement for Indian Railways, a complete high-horsepower locomotive design has been completed by Research Designs and Standards Organization and Diesel Locomotive Works, of Indian Railways, with the support of EMD. This diesel locomotive has an output of 5,500 bhp, which will make it the strongest diesel locomotive ever to run on the Indian rail network. In combination with its record high tractive effort of 560 KN, it can pull significantly more load at higher speeds, thus enabling Indian Railways to increase the system throughput in the rail network.
The WDG5 locomotive includes electronic fuel injection, radial grids and high adhesion, lightweight fabricated bogies. It has modern driver interface and crew-friendly features, such as an air conditioned cab and toilet, which is another first for the Indian Railways' fleet.
Recently, TRAI announced that a user can only send 100 SMSs a day, effective from 27th September; users have faced a sudden spurt in spam bulk messages since the past week
After being harrowed by pesky telemarketing calls and messages, the Telecom Regulatory Authority of India (TRAI) finally came to the rescue of subscribers by recently announcing a cap on the number of SMSs a user can send in a day. Accordingly, only 100 such messages can be sent in a day. This would be effective from 27th September.
Telemarketing companies are most likely to be affected by the decision. According to subscribers' complaints, there has been a sudden spurt in the number of spam SMSs from these telemarketers.
Experts say that telemarketing companies are using the available service to the hilt, to promote their products/services before the new TRAI rule comes into effect.
"Earlier, I used to get a maximum of two promotional messages (on a daily basis). But since last week, I get at least five such SMSs, offering services and discounts on spas, parlours, books, festive shopping and possibly everything," says a Mumbai-based homemaker.
In fact, telemarketers are also personalising these messages to make them readable. For instance, they are adding a person's name to the promotional message. "I was surprised to see my name in the promotional message offering discounts to me on some rudraksha (holy beads) rings," Sanjay D'souza, marketing professional (name and profession changed on request) told Moneylife.
Achintya Mukherjee, secretary, Bombay Telephone Users' Association told Moneylife, "Since the past 10 days, particularly, the messages by the telemarketers have risen substantially. They are trying to use the service in every possible way before 27th September. But telemarketing companies will come up with (other) ways of sending messages. Even some professionals use their personal contacts for the purpose of their businesses. For example, insurance agents message people from their personal contacts and their business details. Such service is not personal but commercial and is surely an intrusion.
"Instead of staring the Do Not Disturb (DND) registry, TRAI should have started a 'Do Disturb' registry where people who would like to get such calls and messages will register themselves. To see if DND really works, we have to wait and watch till 27th September," he added.
RS Mathews, director-general, Cellular Operators' Association of India (COAI), says, "All service providers have made necessary arrangements at their end to meet with the TRAI compliance to stop telemarketing calls from 27th September. However, relaying the consumer concerns on the TRAI 100 SMS per day limitation, telecom industry body COAI has expressed valid concerns.
"While we are eager to stop the menace of pesky communications which is essentially an invasion of consumers' privacy, we are equally concerned that consumers' rights are protected and that they should have (the) freedom to choose any method of communication—be it voice or SMS—suitable to their requirements without putting any artificial restriction," adds Mr Mathews.
Meanwhile, bulk SMS sending websites have also started sending spam messages, promoting their service plans. One such SMS (not corrected for grammar) reads, "Promote ur product by sending Bulk SMS 1000 [email protected], 10k (10,000) [email protected]; 50,000 [email protected],000, 1L [email protected],000, Buy as low as 1 paisa, visit www.GroupSmsIndia.com..."
Now it remains to be seen if this deluge of spam SMSs is actually capped after the TRAI deadline of 27th September.