Drugmaker Aurobindo Pharma reported first-quarter consolidated net profit slid more than 32% to ₹520.3 crore. The net profit declined on an almost 9% increase in net sales to ₹6,176.8 crore (₹5,691.8 crore). Total income at ₹6,276.5 crore (₹5,811.8 crore) was almost 8% higher. The EBITDA margin stood at 15.5% as against 21.2% in the same period of the previous fiscal. “We delivered a good performance amid challenging environment while reinforcing our growth pillars. Investments in product portfolio continued at a healthy pace as reflected in the filings and launches in the quarter,” Vice-Chairman and MD K. Nithyananda Reddy said. During the June quarter, the company filed 13 ANDAs (abbreviated new drug applications), including four Injectables with the U.S. Food and Drug Administration. In the same period, it received final approval for 10 ANDAs, which included 4 injectable products. “Our focus on the development of specialty products pipeline will establish new avenues to grow … [Read more...] about Aurobindo Pharma Q1 net slides 32% to ₹520 cr.
Ravens veteran cornerback Marcus Peters, who missed the entire 2021 season with a torn ACL, and safety Ar’Darius Washington (foot) returned to practice Monday, trimming the number of players on the team’s physically-unable-to-perform list down to three. Peters passed his physical, participated in individual drills for an hour and worked with a trainer as he works his way back from a knee injury he suffered last September. Before the injury, Peters only missed five games in six seasons. Washington, an undrafted free agent in 2021, only played in three games as a rookie. “Marcus is in a good place,” coach John Harbaugh said. “Ar’Darius Washington was back today. It was good to see that. We have a plan for each guy. Everybody has their own plan, so we try to bridge them back from the rehab part of it to the practice part.” Rookie cornerback Damarion Williams said Peters’ presence was a huge energy boost. “[Peters] is a big dog. He’s been making a lot of plays in the NFL,” he … [Read more...] about Ravens CB Marcus Peters, who missed 2021 season with torn ACL, and S Ar’Darius Washington return to practice
The future belongs to India, BJP State president Somu Veerraju asserted on the occasion of Independence Day, exhorting people to ‘move forward with the slogan of ‘Jai Jawan - Jai Kisan’. Participating in the Independence Day celebrations at the State party office on Monday, Mr. Veerraju said India has made giant strides ever since it became free from the clutches of the British, and added that it was the people’s collective responsibility to make the nation stronger. He said concerted efforts should be made to transform the State into ‘Bangaru (golden) Andhra Pradesh’ , for which there is tremendous scope. What is required is political willpower and people’s cooperation, he said. Mr. Veerraju said there was a need to open a new chapter in the development of Andhra Pradesh which suffered a devastating blow due to bifurcation. Emphasis should be laid on port-led development and making the industrial corridors manufacturing hubs. Only then would the State be able to create jobs … [Read more...] about Andhra Pradesh: Future belongs to India, says Veerraju
The United States will be a key partner in the journey of India in the next 25 years as the country aspires to ascend to new heights of prosperity, India’s Ambassador to the US Taranjit Singh Sandhu said. He said The India-US partnership has become one of the most consequential relationships for both the countries and for the world. “As the country (India) is making positive strides, we have more work to do to fulfill the aspirations of future generations. As Prime Minister Narendra Modi appealed the journey of the next 25 years would mark the creation of a new India. The goal of this ‘Amrit Kaal’ is to ascend to new heights of prosperity,” Sandhu said. In this journey, the United States will be a key partner for India, he said in his remarks after unfurling the national flag at India House to celebrate the 75th anniversary of Independence Day on Monday in the presence of embassy staff and members of the Indian diaspora. “The India-US partnership, led by PM Modi and President … [Read more...] about US Will Be Key Partner in Creation of New India, Says Ambassador Taranjit Sandhu