Companies & Sectors
Mahindra launches Rexton SUV at Rs17.67 lakh

Rexton, M&M's first high-end SUV from the the SsangYong stable is priced at Rs17.67 ex-Mumbai for manual version while automatic version is priced at Rs19.67 lakh

Mumbai: Mahindra & Mahindra (M&M), the country's largest utility vehicle maker on Wednesday launched a premium sports utility vehicle (SUV) 'Rexton' from the SsangYong stable, priced at Rs17.67 lakh, reports PTI.

 

The first launch from its Korean arm is produced at the Chakan plant with some localisation, the company said.

 

In November 2010, M&M had signed a definitive agreement with SsangYong Motor Company to acquire 70% stake in the ailing South Korean automaker at $463 million (about Rs2,105 crore).

 

"A manual model of the sports utility vehicle (SUV) is priced at Rs17.67 lakh ex-Mumbai and the automatic version at Rs19.67 lakh," M&M president, automotive and farm equipment, Pawan Goenka said at the launch.

 

The car is the first high-end SUV from the Mumbai-based auto company. The company said it has invested over Rs63 crore at its Chakan plant for this model.

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Lupin gets US FDA nod for generic Avapro tablets

Irbesartan, the generic version of Sanofi Aventis's Avapro tablets is used in the treatment of hypertension and nephropathy in type II diabetic patients

 
Mumbai: Pharmaceutical company Lupin Ltd on Wednesday said its subsidiary, Lupin Pharmaceuticals, has received approval for its Irbesartan tablets from US Food and Drugs Administration (FDA) to market a generic version of Sanofi Aventis's Avapro tablets, reports PTI.
 
Irbesartan is used in the treatment of hypertension and nephropathy in type II diabetic patients, it added.
 
Irbesartan tablets are available from 75 to 300 mg and are the AB-rated generic equivalent of Sanofi Aventis's Avapro tablets, the company said in a statement issued here.
 
Avapro tablets had annual US sales of about $400.7 million in June, as per the IMS health sales data.
 
Lupin is the fifth largest generics player in the US with 5.1% market share by prescriptions.
 
The company said it is also the fastest growing top 10 pharmaceutical player in India, Japan and South Africa.
 

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IPS officer probing PDS scam goes missing in Arunachal

The Gauhati High Court had appointed Chauhan, the missing IPS officer, as the special investigating officer of the multi-crore PDS scam in Arunachal Pradesh

 
Itanagar: An officer from the Indian Police Services (IPS) cadre has gone missing from Tippi in West Kameng district of Arunachal Pradesh when he was on his way to Tawang from Itanagar, reports PTI.
 
MS Chauhan, Superintendent of Police of the Special Investigation Cell in the state police, went missing from Tippi yesterday at around 2.30pm when he, along with two of his subordinate staff, was going to Tawang.
 
Chauhan asked inspector Mohan Kaye and constable Vikram Singh of the Special Investigation Cell, who were accompanying him, to drop him at Tippi market and wait for him at a nearby river where he would join them for lunch.
 
There was no information of his whereabouts since then, West Kameng SP TT Lama said.
 
The SP, however, ruled out any possibility of his being kidnapped, arguing that the place where Chauhan got down from the vehicle was a busy area.
 
"We have launched a search since last night, but no clue on his whereabouts has yet emerged," Lama said.
 
A case has been registered in the Bhalukpong police station.
 
The Gauhati High Court had appointed Chauhan as the special investigating officer of the multi-crore PDS scam in Arunachal Pradesh in 2008.
 

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