
Lupin partners with Honeywell for usage of propellant for inhalers
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Pharma major Lupin Ltd on Tuesday said it has partnered with Honeywell to use the latter's propellant ' Solstice Air ' to transform respiratory care through the development of next-generation inhalers . Designed for patients with asthma and chronic obstructive pulmonary disease ( COPD ), Honeywell 's 'Solstice Air' has the potential to prevent the release of high global warming potential (GWP) molecules, marking a major step forward in helping to reduce carbon emissions, the company said in a statement. Lupin 's partnership with Honeywell underscores our commitment to delivering high-quality medicines while working towards a healthier, more sustainable future for our patients and communities worldwide. By integrating Solstice Air in our products, we are not only enhancing patient care, but we are also significantly reducing environmental impact ," Lupin CEO Vinita Gupta said.Honeywell Energy and Sustainability Solutions Business President Jeff Dormo said,"Solstice Air can play a critical role in ensuring that Lupin life-saving devices provide safe and effective treatment options that also leverage the latest advancements in technology to reduce harmful greenhouse gas emissions ."Lupin said it intends to become the first pharmaceutical company in India to use Honeywell's Solstice Air product at scale as a next-generation propellant in pressurised metered-dose inhalers (pMDIs).Solstice Air offers an alternative to traditional hydrofluorocarbon (HFC)-based propellants, helping to reduce greenhouse gas emissions by up to 99.9 per cent, it added."By investigating the use of this innovative, nonflammable propellant in its pMDIs, Lupin is taking a significant step toward minimizing the environmental impact of respiratory solutions while providing effective treatment options for patients with asthma and COPD," the company said.The terms of the deal are subject to negotiation and execution of definitive documents acceptable to both Honeywell and Lupin, it added.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
29 minutes ago
- Hindustan Times
OpenAI rolls out its most affordable ChatGPT plan ever, for India
OpenAI on Tuesday launched its most affordable subscription plan in the world, ChatGPT Go, exclusively for use in India. Priced at ₹399 per month, this is the organization's most affordable offering as it aims to deepen its presence in its second largest market, as claimed by CEO Sam Altman. OpenAI CEO Sam Altman had earlier told HT that he hoped to have something 'exciting to share soon'.(AP File Photo for representation) The new plan adds to the existing top-tier version, ChatGPT Pro, priced at ₹19,900 per month and ChatGPT Plus at ₹1,999 per month, which offer priority access, faster performance, and higher usage limits for heavy users, read a report by PTI. ChatGPT's vice president Nick Turley also announced that all subscriptions to the platform can now be paid via UPI and in Indian rupee. What are the features of the new ChatGPT Go? ChatGPT Go will enable users to send messages and generate images, up to ten times more than the free version, along with faster response times. The message limits are designed to increase with higher subscription models. 'We just launched ChatGPT Go in India, a new subscription tier that gives users in India more access to our most popular features,' Nick Turley wrote on his official X handle. ChatGPT's Indian market India is OpenAI's second-largest market by user base after the United States and may soon become the biggest, a Reuters report dated February, quoted OpenAI CEO Altman as saying. Earlier this year, CEO Sam Altman met with India's IT minister and discussed a plan to create a low-cost AI ecosystem. 'India will build great models,' Altman earlier said in the interview with HT in February 2025, adding that while the company did not have anything to announce about an India-specific investment, he hoped to have something 'exciting to share soon'. (With inputs from agencies)


Mint
29 minutes ago
- Mint
India needs to grow 8% yearly amid geopolitical uncertainties to reach target, says Finance Ministry
The government has set a target to make India a developed economy by 2047, under the 'Viksit Bharat' banner, to meet this goal, the Finance Ministry said that the country would have to grow by 8 per cent each year over the next 10 years, Reuters reported. The ministry told lawmakers that over the next decade, India's economy needs to expand around 8 per cent annually amid rising geopolitical uncertainties. It expects this growth to come from domestic demand and investments, the report added. 'Ideally, the Indian economy will need to grow by around 8 per cent in real terms every year, at least for a decade,' the finance ministry said in its reply to a parliamentary committee in June, according to a report released on August 19. The government estimates India's growth at 6.3-6.8 per cent in this financial year through March 31 (FY 2024-25), broadly in line with the 6.5 per cent growth recorded last year, but much lower than the 9.2 per cent notched in FY23-24 The comments align with economists estimates of 8-9 per cent annual growth requirement for India to hit the Viksit Bharat 2047 target, the report added. Further, the ministry added that in order to become a developed economy by the targeted date, India would also have pump its investment rate to around 35 per cent of GDP from the close to 31 per cent at present. Amid an uncertain trade backdrop, including the 50 per cent total tariffs from the United States on Indian goods, New Delhi is trying to spur domestic demand through planned consumer tax cuts, following personal tax reductions in February, while the central bank has cut rates by 100 basis points this year. The 50 per cent tariff could shave growth by up to 40 basis points in 2025-26, the report noted. Notably, the ministry's estimates were made in June, before the US imposed additional 25 per cent tariffs (taking total to 50 per cent) on India, which US President Donald Trump said was 'punishment' for buying oil from Russia. India-US trade talks faced a setback earlier this month as New Delhi did not agree to give Washington access to its vast agriculture and dairy markets. India is prioritising enhanced opportunities for its labour-intensive exports, including textiles, apparel and leather goods, the finance ministry said. (With inputs from Reuters)

Mint
29 minutes ago
- Mint
Sebi likely to introduce intraday limits for index options trading
The Securities and Exchange Board of India (Sebi) is likely to introduce an intraday limit in index options trading for clients to ensure that no single participant takes excessive positions in the hugely popular index options segment during trading hours. The proposal is being discussed by a regulatory committee, the Secondary Market Advisory Committee (SMAC), on Tuesday. The panel comprises officials from exchanges, depositories and brokerages. The meeting comes close on the heels of the regulator cracking down on US high frequency trader Jane Street for its alleged manipulation of non-benchmark and benchmark indices such as Nifty and Bank Nifty to make outsized gains in options trades. Jane Street has been ordered to disgorge nearly ₹ 4,850 crore in alleged illegal gains and has been banned from the Indian securities market until further notice. The firm has disputed Sebi's findings and stated it will engage further with the regulator. Currently, no participant in index options can exceed a net limit of ₹ 15 billion by the end of day and a gross limit of ₹ 100 billion on any day. However, these limits have been significantly enhanced under Sebi's 29 May circular. The new framework, which became effective 1 July, sets the net end-of-day position limit for index options at ₹ 1,500 crore and gross position limits at ₹ 10,000 crore each for long and short positions. Many clients take a higher position intraday and ensure their net positions adhere to the ₹ 15 billion end-of-day limit. The issue, according to two persons aware of the SMAC meeting, is that on a weekly expiry day--Tuesday for Sensex and Thursday for Nifty--clients take higher limits and then since the contract expires, there is no end-of-day limit needed to adhere to. "To ensure that the EOD limit is adhered to on expiry days as well, we expect Sebi to introduce an intraday net limit and to direct exchanges to ensure that the EOD limits are respected on the expiry days as well," said one of the persons cited above. Sebi's 29 May circular introduced a comprehensive overhaul of the equity derivatives framework, implementing a Future Equivalent Open Interest (FutEq OI) methodology. This delta-based approach replaces the traditional notional open interest calculation, providing a more accurate assessment of actual risk exposure by considering the price sensitivity of each contract. The circular also mandated intraday monitoring of market-wide position limits (MWPL) for single stocks, with exchanges required to conduct at least four random checks during trading hours. These new calculations will be based on the lower of 15% of free float or 65 times the average daily delivery value, with implementation beginning 1 October, 2025. The regulatory tightening comes amid alarming data about retail investor losses in the derivatives segment. A Sebi study last month revealed that individual traders lost ₹ 1.06 lakh crore in FY25, a 41% increase from ₹ 74,812 crore in FY24. Approximately 91% of individual traders in the equity derivatives segment incurred net losses, with the average loss per trader rising to ₹ 1.1 lakh. Over the past four financial years (FY22-FY25), retail traders have cumulatively lost nearly ₹ 2.87 trillion in equity derivatives, highlighting persistent structural risks in the segment. Typically, working groups--comprising exchange and broking officials--are created to make certain suggestions that are discussed by SMAC. The panel makes recommendations to Sebi, which passes rules based on them at its board meetings. Earlier, there was an EOD net limit of ₹ 500 crore but no gross limit. Effective 1 July, Sebi has specified that at no time during the day can a client be in breach of the gross limit of ₹ 10,000 crore. Now, Sebi plans an intraday net limit to rein in over speculative frenzy, particularly given the concerning pattern of retail investor losses and the need for enhanced oversight during volatile expiry day trading sessions.