
Zydus Lifesciences receives USFDA tentative approval for Rifaximin Tablets
Zydus Lifesciences has received tentative approval from the United States Food and Drug Administration (USFDA) for Rifaximin Tablets, 550 mg (USRLD: Xifaxan Tablets, 550 mg).
Rifaximin tablets are indicated for the treatment of irritable bowel syndrome with diarrhoea (IBS-D) in adults. Rifaximin tablets will be produced at the Group's manufacturing site at SEZ II, Ahmedabad.
Rifaximin tablets had annual sales of USD $2672.9 mn in the United States (IQVIA MAT March 2025).

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


India.com
32 minutes ago
- India.com
Bankrupt Pakistan gets Rs 70000000000 from...., secures important position in UNSC, to get jackpot in July
Pakistan PM Shehbaz Sharif In a massive good news for Pakistan amid its growing financial issues, Pakistan has received a big economic package from the Asian Development Bank (ADB). Opening a new plethora of economic opportunities, the ADB has reportedly granted 800 million dollars i.e. about 6,871 crore rupees (approximately Rs 70000000000) to Pakistan. In addition to this, Pakistan has also been given important responsibilities in the United Nations Security Council (UNSC). Here are all the details you need to know about the recent developments on Pakistan. UNSC brings good news for Pakistan In addition to this, Pakistan has also been made the chairman of the 1988 Taliban Sanctions Committee in the UNSC. For those unversed, the UNSC 1988 Taliban Sanctions Committee works to impose sanctions on people and organizations associated with the Taliban. More notably, Pakistan, under the leadership of Shehbaj Sharif will also become the president of the UNSC in July 2025. India's opposition to ADB's Pakistan grant India had vehemently opposed ADB's decision to grant USD 800 million loan to Pakistan saying the fund could be misused for increasing expenditure on its military, as per a report by news agency. 'India shared deep concerns regarding the potential misuse of ADB resources, particularly in light of Pakistan's increasing defence expenditure, its declining tax-to-GDP ratio, and the lack of demonstrable progress on key macroeconomic reforms,' they said. ADB's massive grant to Pakistan Asian Development Bank (ADB) earlier approved USD 800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan. Earlier in the day, the Congress in a post on X quipped that Prime Minister Narendra Modi met ADB President Masato Kanda on June 1 and three days later ADB cleared the USD 800-million loan to Pakistan. More notably, Modi government's influence did not work on the IMF earlier as earlier in May, Pakistan received 1 billion dollars (8,500 crore rupees) from the International Monetary Fund (IMF) amid raging India-Pakistan tensions. (With inputs from agencies)
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
Held 3 meetings in 35 days with EU official to push FTA talks, says Goyal
Commerce and Industry Minister Piyush Goyal has held three meetings within a short span of 35 days with the European Commissioner for Trade Maros Sefcovic with an aim to give an impetus to the reposed negotiations for a free trade agreement. Goyal said on Thursday that India has already signed similar agreements with four-European nation bloc EFTA and the UK. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Now, India is in the process of concluding the negotiations with the 27-nation bloc European Union. "We have held three meetings in 35 days. It shows our shared commitment for the FTA... we are trying to do it faster," Goyal told reporters here. The minister is here on a two-day visit. He is meeting leaders and businesses to boost trade and investments between the two countries. The first and the second meetings between Goyal and Sefcovic were held on May 1 and May 23 in Brussels, while the third meeting concluded on June 2 in Paris. India and the European Union (EU) are likely to agree upon a comprehensive free trade agreement (FTA). In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive FTA, an investment protection agreement and a pact on GIs after a gap of over eight years. The negotiations stalled in 2013 due to differences over the level of opening up of the markets. On February 28, Prime Minister Narendra Modi and the European Commission President agreed to seal the much-awaited free trade deal by the end of this year. Goyal also said he is working with Italy and the EU for a "very" strong and mutually beneficial FTA. "We are making rapid progress on the very very vibrant FTA which would open opportunities for businesses of both the sides," he said. On India-Italy bilateral trade, Goyal said it's "low and sub-optimal" and both sides need to work to boost the two-way commerce. Currently it stands around USD 15 billion in goods. "Huge potential is there to boost bilateral trade," he said. Speaking at the briefing, Italian Deputy Prime Minister and Foreign Minister Antonio Tajani said Italy is looking at ways to boost exports to India as both are natural partners. He also sought Indian investments in Italy. He added bilateral talks with Goyal focused on ways to cut barriers to trade. "Duties are never positive and our goal is to reduce it," Tajani said when asked about the US tariffs on steel and aluminium.


Time of India
an hour ago
- Time of India
cochin shipyard: Cochin Shipyard jumps over 12%. Here's why?
ADVERTISEMENT Government-owned Cochin Shipyard surged over 12% on Wednesday after the US called on NATO members to significantly increase their defense spending. With a more than 23% rise since Monday, the stock jumped for the third straight India is not a member of NATO (North Atlantic Treaty Organization), it has strategic and defense cooperation with NATO countries such as the U.S., France, and the U.K. on a bilateral basis, which is expected to benefit Indian defence Shipyard shares are currently trading above their 5-, 10-, 20-, 30-, 50-, 100-, 150-, and 200-day simple moving averages (SMAs), indicating a positive uptrend in the counter. According to Trendlyne forecasts, EPS is expected to grow by 4.4% in FY26, with a consensus recommendation of 'Hold' from three NATO Secretary General Mark Rutte proposed that member states raise their defense spending to 3.5% of GDP, other defence-linked stocks such as Data Patterns, Hindustan Aeronautics, and MIDHANI gained between 3% and 6% acquire priority equipment such as air defense systems, long-range missiles, artillery, ammunition, drones, and strategic enablers, the 32 NATO countries are required to meet "capability targets." The individual plans of each country are confidential, so specific details are limited. Dutch Defense Minister Ruben Brekelmans stated, "We should spend at least 3.5% on defense, which in the Netherlands means an additional 16 to 19 billion euros (USD 18–22 billion) on top of our current budget."Cochin Shipyard has delivered outstanding returns, rallying around 1,649% over the past five years and approximately 737% over the last two years. Its March 2025 quarterly revenue was reported at Rs 1,807 crore, marking a 38.5% year-on-year growth, with a net profit of Rs 285 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)