Sun Pharmaceutical Industries, India's biggest drug maker, reported a 59% slump in second-quarter net income as intense competition in the US continued to crimp sales in its largest market.
Profit came in at Rs 912 crore ($139.48 million) in the quarter ended September 30, compared with Rs 2,235 crore a year ago, the company said.
However, that was better than the INR8.27 billion estimated by analysts polled by Thomson Reuters. The company's India sales accounted for Rs 2,221 crore, a growth of 11 per cent over Q2 last year, while U.S. finished dosage sales were recorded at $309 million down by 44 per cent over Q2 last year.
The company expects the performance to gradually improve in the second half of this year, he added. The company said its research and development expenses in the last quarter accounted for 7.7% of sales, compared with 7.4% a year earlier.
Rest of World (ROW) markets excluding U.S. and Emerging Markets were United States dollars 111 million in Q2FY18 registering a growth of 40 percent - led by consolidation of revenues from the acquisition of 14 brands from Novartis in Japan.
Active Pharmaceutical Ingredients (API) business largely meant for captive consumption rose 6 percent to Rs 388 crores. The shares of Sun Pharmaceutical Industries closed today at Rs 526.15 on BSE, down 1.19 per cent from previous close.
Consolidated R&D expense for Q2FY18 was Rs. 511 crores, or 7.7% of sales compared to Rs. 570 crores or 7.4%. According to media reports, starting Tuesday, the USA drug regulator is conducting a surprise inspection at another plant in Baska, near Halol, that manufactures several injectable drugs the company filed for approval in the U.S.
The message updates an original warning sent from the Union of Concerned Scientists 25 years ago and backed by 1700 signatures. During their presentation, the team representing the administration was heckled and interrupted by a protest song .
Rachakonda Police Commissioner Mahesh Bhagwat transferred him to the commissionerate headquarters as departmental punishment. The incident reportedly took place about four-five months ago at the armed reserve headquarters in Jogulamba Gadwal district.
Well, daddy cool Saif Ali Khan surely knows how to impress and bring a cute giggling smile on the little nawab's face. So it is in fact quite a sensible purchase considering it clearly meets nearly all of Saif's automotive requirements.
Jesus Christ, I'll make sure Uber knows what an [expletive] joke you are". " You're kidnapping me ", she continued. Platt , who could not be reached for comment, said he was " totally afraid " of being arrested when police arrived.
But the team proved it can be done without a whole lot effort, which in turn leaves a lot of OnePlus devices vulnerable. It looks like the Chinese smartphone company has accidentally left behind the app on some of its smartphone units.
Furthermore, it said the data usage is exploding and usage per subscriber ( 1MB for Q2FY18) is 2.7GB per month. Growth was driven by higher smartphone penetration, now at over 38 percent of the total customer base.
Shares in Vodafone were trading up 5 percent at 1005 GMT, having earlier hit a three month high of 227.50 pence. Vodafone had taken an impairment of 5.0 billion euros on its Indian activities in the first half of 2016.
The area where Felton's body was found is close to where three other murders occurred in Seminole Heights last month. On Oct. 9, victim Benjamin Mitchell, 22, was waiting for a bus on North 15th Street and Frierson Avenue in Tampa.
Justice League is receiving mostly positive praise on social media ahead of its theatrical release this Friday. A number of people took to Twitter to slam the decision, labelling it "a step backwards".
The Bluetooth connections on the toys are unsecured so external devices could be used to manipulate the toys. Spiral Toys, which makes the Toy-Fi Teddy and CloudPets devices, has not yet commented on the report.
The GoFundMe is meant to support the cyclist , Juli Briskman , who lost her job because of the photo. She added: "Basically, you can not have "lewd" or "obscene" things on your social media".
Xbox One gamers can now send each other video games digitally
We see that today; we're not manufacturing Xbox 360 and yet there are 360 games that do very well right now on our platform. You can head over to the Black Friday page on Microsoft's website to find out more about the many deals that it's offering.
Flying vehicle company Terrafugia bought by China's Geely
In recent months the company has been aggressively scaling up its engineering force in preparation of the acquisition from Geely. However, the company did not disclose any financial details concerning the deal, The China Daily newspaper reported today.
Duke vs. Michigan State live stream
Despite almost putting up triple digits on the scoreboard Friday, the Spartans finished only 3-of-12 from beyond the arc. Michigan State opened the season with a 98-66 win over North Florida behind Bridges' 20 points and 10 rebounds.
Drinking coffee may decrease risk of heart failure, stroke
In this case, red meat consumption was identified as a potential risk factor, although here, the correlation was less striking. Foods to avoid include refined carbohydrates, foods high in added sugars, trans fats, saturated fats and processed meats.
Euro Zone Economy Continues to Expand
At 4.30 am ET, the Office for National Statistics is slated to issue United Kingdom consumer and producer prices for October. The euro zone economy grew as expected in the last quarter, according to official data released on Wednesday.
Jimmy Fallon pays tearful tribute to his mother
Taylor sat down at the piano to sing the heartfelt song and was accompanied by just an acoustic guitar and some backup singers. It's pretty raw stuff, especially from a host who's often accused of being somewhat one-note and superficial.
Women, revamp your diet today. You're more prone to diabetes
It is a small, white, circular patch which monitors blood sugar levels and will warn her when she has to inject insulin. Why does blood sugar matter? Below is a list of five such foods that can help you bring down your blood glucose levels.
This is how long you have to spend your old £10 note
The new version is two and a half times stronger than its paper counterpart (and is better at surviving the washing machine). Its days have been numbered since the new polymer tenner, depicting author Jane Austen, entered circulation in September.