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Glenmark launches generic Olanzapine injection in US
Glenmark Pharmaceuticals has launched a generic version of Olanzapine injection in the United States, offering a treatment for schizophrenia and bipolar disorder. This move by its US arm, Glenmark Pharmaceuticals Inc., introduces a bioequivalent alternative to Zyprexa intramuscular injection. The company aims to expand its injectable offerings and bolster its presence in the institutional market, targeting a segment with significant annual sales.
EUR/USD seen well supported above $1.16
Euro jumped on Friday against the dollar as recent Eurozone data signals towards an ECB rate hike in the near term. Euro-area inflation hit 3.2% in May, its highest in over two and a half years amid rising inflationary pressures due to elevated oil prices. However, Eurozone retail sales data for April declined at a faster pace of 0.4% in April, compared to the 0.3% contraction expected. Meanwhile, dollar index is trading slightly lower on Friday, favoring gains in Euro. The US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, trades 0.19% lower to near 99.19 ahead of the United States (US) Nonfarm Payrolls (NFP) data for May. EUR/USD pair is extending gains above $1.16 at $1.1643, up 0.20% on the day although caution will be exercised amid developments surrounding a potential US-Iran peace agreement to end recent hostilities. Tensions remain highly elevated following warnings from Iranian Foreign Minister Abbas Araghchi, who declared that the ...
United Textiles reports standalone net loss of Rs 1.76 crore in the March 2026 quarter
Sales reported at Rs -0.01 crore
United Van Der Horst standalone net profit declines 63.27% in the March 2026 quarter
Sales decline 32.88% to Rs 5.94 crore
United Interactive reports standalone net loss of Rs 0.03 crore in the March 2026 quarter
Reported sales nil
United Leasing & Industries reports standalone net loss of Rs 0.01 crore in the March 2026 quarter
Sales decline 40.17% to Rs 1.37 crore
United Nilgiri Tea Estates Company standalone net profit declines 4.44% in the March 2026 quarter
Sales decline 13.79% to Rs 16.31 crore
United Polyfab Gujarat consolidated net profit rises 81.03% in the March 2026 quarter
Sales rise 12.12% to Rs 172.03 crore
United Foodbrands reports consolidated net loss of Rs 13.41 crore in the March 2026 quarter
Sales rise 23.10% to Rs 360.40 crore
DXY hovers around 98.50 mark; Trump-Xi meeting outcome awaited
The dollar index continues to hover around 98.50 mark on Thursday after US data reinforced inflationary pressures and higher interest rate scenario for longer. Accelerating inflationary pressures in the United States economy amid higher energy prices have for now ruled out possibility of any rate cut. Data released by the US Bureau of Labor Statistics on Wednesday showed that the US Producer Price Index (PPI) jumped by 6.0% on year in April, following the 4.3% seen in March. US wholesale inflation accelerated at its fastest annual pace in four years. Meanwhile, investors stay watchfully cautious ahead of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing. Investors will also focus on the US retail sales data for April due later today.
United Breweries' ₹275-crore tax demand cut to zero by Maharashtra tribunal
The beer maker said it received a favourable order from the Maharashtra Sales Tax Tribunal, Mumbai, which reduced a tax demand related to FY19 to nil. Shares of United Breweries Ltd ended at ₹1,411.10, down by ₹2.70, or 0.19%, on the BSE today, May 12.
United Breweries consolidated net profit rises 4.31% in the March 2026 quarter
Sales decline 3.14% to Rs 2250.07 crore