Drug firm Lupin gets warning from USFDA

New Delhi

Drug firm Lupin on Tuesday said it has received warning letter from the US health regulator for its manufacturing facilities in Goa and Pithampur, Indore. The company had earlier received three form 483 observations for the Goa facility on April 7, 2017 and six form 483 observations for Pithampur (Unit II) on May 19, 2017, Lupin said. PTI

New Delhi

HDFC Life IPO subscribed 46% on Day 1

The IPO of HDFC Standard Life Insurance Company was subscribed 46% on the first day of the three-day bidding on Tuesday. The portion meant for qualified institutional buyers was oversubscribed 1.40 times, non-institutional investors 22% and retail investors 14%. PTI

Milan

Over 75,000 panchayats connected with Net

Over 75,000 gram panchayats have been connected with internet under the government’s flagship project BharatNet, the Ministry of Communications and Information and Technology said on Tuesday. TNS

New Delhi

Gold spurts by Rs 255 to Rs 30,390

Gold prices spurted by Rs 255 to Rs 30,390 per 10 grams at the bullion market on Tuesday riding on firm global cues and wedding season buying by local jewellers. PTI