Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA

Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA


Lupin said that the United States Food and Drug Administration (U.S. FDA) has concluded an inspection at our manufacturing facility located in Somerset, New Jersey, U.S.A.

The inspection was conducted from 13 April 2026 to 17 April 2026 and closed with the issuance of a Form-483 with three observations.

“We will address the observations and respond to the U.S. FDA within the stipulated timeframe. We are committed to be compliant with CGMP standards across all our facilities, Lupin stated.

Lupin is a global pharmaceutical leader headquartered in Mumbai, India, with products distributed in over 100 markets. It specializes in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients.

 

The pharmaceutical company reported a 37.46% surge in consolidated net profit to Rs 1,175.55 crore in Q3 FY26 as against Rs 855.16 crore posted in Q3 FY25. Total revenue from operations jumped 24.26% year-on-year to Rs 7,167.52 crore in the quarter ended 31 December 2025.

The scrip had shed 0.10% to end at Rs 2324.25 on the BSE on Friday.

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First Published: Apr 18 2026 | 12:50 PM IST



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Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA

Tega Industries incorporates WoS – Tega Solutions


Tega Industries has incorporated a wholly owned subsidiary Company in India in the name and style of Tega Solutions on 01 April 2026. The Company has received Certificate of Incorporation from the Ministry of Corporate Affairs on 17 April 2026.

The object of incorporation is to carry on the business of providing all kinds of management consultancy services and to act as a Global Capability Centre including Global Cost Centre for entities.

 

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First Published: Apr 18 2026 | 11:50 AM IST



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Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA

Clarion Wind Farm signs contract of Rs 8.61 cr for re-powering existing wind farm


Orient Green Power Company announced that its material step-down subsidiary, Clarion Wind Farm has executed a contract valued at Rs 8.61 crore for supply of 2 Nos of P57-750 KW Wind Turbine Generators aggregating to 1.5 MW with M/s. Pioneer Wincon Energy Systems (Pioneer) for re-powering existing wind farm at Devarkulam site, Tamil Nadu.
 

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First Published: Apr 18 2026 | 11:31 AM IST



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Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA

Aditya Birla Money Q4 profit surges over two-fold to Rs 19 cr


Aditya Birla Money reported a 100.97% surge in consolidated net profit to Rs 18.73 crore on 30.51% jump in revenue from operations to Rs 129.79 crore in Q4 FY26 over Q4 FY25.

Profit before tax (PBT) soared 103.34% YoY to Rs 25.71 crore in the quarter ended 31st March 2026.

Total expenses increased 23.69% to Rs 107.91 crore in Q4 March 2026 compared with Rs 87.24 crore in Q4 March 2025. Fees & commission expenses stood at Rs 21.18 crore (up 52.59% YoY), employee benefit expenses stood at Rs 26.19 crore (up 15.58% YoY) and finance cost stood at Rs 40.23 crore (up 15.14% YoY).

 

Revenue from broking business stood at Rs 98.80 crore in Q4 FY26, up 26.55% compared with Rs 78.07 crore in Q4 FY25. Revenue from wholesale debt market segment jumped 46.78% YoY to Rs 30.34 crore in Q4 FY26.

On annual basis, the companys consolidated net profit declined 21.19% to Rs 58.47 crore despite 3.41% jump in revenue from operations to Rs 468.59 crore in FY26 over FY25.

Aditya Birla Money (ABML) is a subsidiary of Aditya Birla Capital. The company is a stock broking and capital market products distributor, offering equity and derivative trading through NSE and BSE and currency derivatives on MCX-SX and commodities trading through MCX and NCDEX.

The counter jumped 1.47% to end at Rs 140.82 on the BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 18 2026 | 11:16 AM IST



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Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA

GSM Foils standalone net profit rises 83.63% in the March 2026 quarter


Sales rise 79.11% to Rs 81.69 crore

Net profit of GSM Foils rose 83.63% to Rs 6.28 crore in the quarter ended March 2026 as against Rs 3.42 crore during the previous quarter ended March 2025. Sales rose 79.11% to Rs 81.69 crore in the quarter ended March 2026 as against Rs 45.61 crore during the previous quarter ended March 2025.

For the full year,net profit rose 105.60% to Rs 19.84 crore in the year ended March 2026 as against Rs 9.65 crore during the previous year ended March 2025. Sales rose 92.94% to Rs 258.15 crore in the year ended March 2026 as against Rs 133.80 crore during the previous year ended March 2025.

 ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var.Sales81.6945.61 79 258.15133.80 93 OPM %11.5312.72 11.5411.36 PBDT8.605.07 70 27.1513.91 95 PBT8.444.99 69 26.6913.63 96 NP6.283.42 84 19.849.65 106

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First Published: Apr 18 2026 | 11:04 AM IST



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Lupin's New Jersey-based facility gets Form-483 with three observations from US FDA

Hathway Cable Q4 PAT drops 11% YoY to Rs 11 cr


Hathway Cables & Datacom reported a 11.33% decline in consolidated net profit to Rs 11.33 crore, despite a 6.37% increase in revenue from operations to Rs 545.85 crore in Q4 FY26 over Q4 FY25.

Profit before tax (PBT) tumbled 58.05% YoY to Rs 17.08 crore in the quarter ended 31st March 2026.

Total expenses increased 6.59% to Rs 543.79 crore in Q4 March 2026 from Rs 510.15 crore in Q4 March 2025. During the quarter, channel cost stood at Rs 300.76 crore (up 18.4% YoY), other operational costs stood at Rs 86.12 crore (up 6.57% YoY) while employee benefit expenses was at Rs 20.35 crore (down 3.23% YoY) and finance cost was at Rs 0.20 crore (down 33.33% YoY).

 

In Q4 FY26, revenue from broadband business declined 4.15% YoY to Rs 143.15 crore while revenue from cable television business jumped 13.15% YoY to Rs 391.61 crore.

On full year basis, the companys consolidated net profit declined 11.03% to Rs 82.31 crore despite 5.39% jump in revenue from operations to Rs 2149.58 crore in FY26 over FY25.

Meanwhile, the companys board approved the appointment of Gurjeev Singh Kapoor as COO with additional charge as CEO with effect from April 20, 2026. He will take over as CEO with effect from 1 September 2026 upon completion of current CEO Tavinderjit Singh Panesars term on 31 August 2026.

Kapoor holds a B.E degree from Delhi College of Engineering, an MBA specializing in Marketing management from the Faculty of Management Studies, Delhi and a diploma in Digital Business leadership from Cornell University.

Hathway Cable & Datacom is engaged in the distribution of internet services through cable and has a strategic stake in entities engaged in the cable television business.

The scrip rose 0.78% to end at Rs 11.57 on the BSE.



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