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Illegal stock of pulses worth Rs 1 crore seized in Rajkot
Food supply department of Rajkot on Thursday seized pulses stock worth Rs one crore, which was kept illegally by two city-based traders. The case of illegal stock has been handed over to the collector as the amount involved is quite big.

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Govt mulling higher stake in NFDC, says minister
Government is mulling on raising its equity in the National Film Development Corporation (NFDC) in an attempt to revive the premier film making institution, Information and Broadcasting Minister Ambika Soni said today.

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OBC seeks Rs 1,000 crore support from govt: CMD
Claiming that the Oriental Bank of Commerce (OBC) was in its expansion mode and would open at least 200 new branches every year in the next three fiscals, Chairman-cum-Managing Director of the Bank T Y Prabhu said the bank had sought capital support of Rs 1,000 crore from the government to implement its expansion plan.
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Glenmark gets US nod for ointment

Drug firm Glenmark Pharmaceuticals today said it has received approval from the US Food and Drug Administration (FDA) for an ointment used in treating skin problems. - Sun Pharma: Inclement weather - US FDA seizes drugs at Sun unit - Glenmark gets US regulatory nod for anti-hypertension tablets - Aurobindo Phrama gets USFDA nod for veterinary drug - Orchid Pharmaceuticals receive FDA nod for anti-migraine tablets - Ranbaxy: Catching the FDA flu The company had filed an abbreviated new drug application, which is for generic drugs only. The company has got the approval through its US-based subsidiary Glenmark Generics and will launch the product in the US market immediately, Glenmark said in a filing to the Bombay Stock Exchange. "Today"s approval (complements) Glenmark"s recent launch of Alcometasone Dipropionate cream and allows the company to provide superior service to their customers by offering complete line of Alclometasone topical products," the filing said. Alcometasone Dipropionate is a generic version of GSK"s Aclovate and the company will manufacture it at its US FDA approved manufacturing facility in Baddi, Himachal Pradesh.


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