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Cipla

Cipla announced the successful completion of Phase-3 clinical end-point study for fluticasone propionate and salmeterol inhalation powder (100/50 mcg).

Fluticasone propionate and salmeterol inhalation powder 100/50 mcg, 250/50 mcg and 500/50 mcg are generic versions of GSK's Advair Diskus®. The product is indicated to treat asthma in patients 4 years and older as a twice-daily prescription medicine and in long term to treat chronic obstructive pulmonary disease (COPD), including chronic bronchitis, emphysema, or both, for better breathing and fewer flare-ups.

The Phase-3 study, successfully completed in the first attempt, was conducted over a period of 15 months at over 100 sites in the US enrolling 1400 asthma patients. The study results demonstrate that Cipla's fluticasone propionate and salmeterol inhalation powder 100/50 mcg is therapeutically equivalent to Advair Diskus® 100/50mcg. The study demonstrated therapeutic equivalence by assessing the primary end points which is in accordance with regulatory recommendations and guidelines. There were no safety concerns identified during the trials.

H D F C

HDFC Group has committed Rs 150 crore to PM CARES Fund to support the Government of India for its relief and rehabilitation measures towards the ongoing COVID-19 pandemic.

Hind.Construct.

Hindustan Construction Company announced the appointment of U V Phani Kumar as Chief Executive Officer-HCC(E&C) and Key Managerial Personnel (KMP) w.e.f. 3 April 2020 in place of Amit Uplenchwar, who resigned from the post with effect from 27 March 2020.

Castrol India

The Board of Castrol India has appointed Udayan Sen (DIN: 02083527) as a Non-Executive, Nominee Director on the Board of the Company with effect from 2 April 2020.

J B Chem & Pharm

J B Chemicals & Pharmaceuticals announced that by judgement dated 1 April 2020, the Supreme Court has set aside the Orders of NGT directing revocation of environmental clearance and closure of Company's bulk drugs Unit at Panoli, Gujarat. Thus, Company's said bulk drugs Unit, operating under the name Unique Chemicals, shall continue to function as before. However, the Supreme Court has directed for deposit of compensation of Rs. 10 crore with GPCB for use in preserving the environment.

Cummins India

Cummins India announced that as on 31 March 2020 does not have an outstanding long term borrowing of Rs. 100 crore (Rupees One Hundred Crores) or above, with original maturity of more than 1 (One) year and the Company has not obtained any Credit Rating. With a view to the same, the Company does not meet the criteria of 'Large Corporate' as specified in the clause 3.1 of the subjected SEBI Circular.

Larsen & Toubro

Larsen & Toubro announced the cessation of Thomas Mathew T (DIN: 00130282), Independent Director on completion of his tenure on 02 April 2020.

Reliance Inds.

Reliance Industries has allotted 26,891 equity shares of Rs.10/- each, pursuant to the Employees Stock Option Scheme of the Company.

Tata Motors

Tata Motors announced the revision in credit ratings from S&P Global Ratings as under -

Tata Motors
Long term issuer credit rating (senior unsecured notes) - B/ Stable (Revised from B+/Negative)

Jaguar Land Rover Automotive Plc (Wholly owned subsidiary of Tata Motors)
Long term issuer credit rating (senior unsecured notes) - B/ Stable (Revised from B+/Negative)

Wipro

Wipro has granted 40,000 Restricted Stock Units (RSUs) under the Company's ADS Restricted Stock Unit Plan 2004 to its identified employee. This grant is effective 01 April 2020.

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