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The Centre on Monday not only raised the price of ethanol
produced from C-heavy or C-grade molasses but it also fixed a price for ethanol
produced from B-heavy
molasses and sugarcane juice for the first time, something which has been a
rarity in India until now. So far, in India, ethanol has been produced
from C-heavy molasses as
production from the other two varieties wasn't remunerative enough in the
absence of any stable policy regime. For expert advice click here: CapitalHeight.
China's Xiaomi Corp
priced its Hong Kong initial public offering (IPO) at the bottom of
an indicative range, raising $4.72 billion in the world's biggest tech float in
four years, people close to the transaction said on Friday.Xiaomi priced its
share offering at HK$17 per share ($2.17), the bottom of a price range of HK$17
to HK$22, the people said. It is selling about 2.18 billion shares, one of the
people said, making the IPO the largest in the technology sector since Alibaba
Group Holding Ltd raised $25 billion in New York in 2014.Xiaomi declined to
comment on the IPO pricing.
Indivior Plc said on Friday a US
court extended the restraining order blocking Indian pharmaceutical firm Dr
Reddy's Laboratories from launching a generic version of the British
drugmaker's bestselling opioid addiction treatment in the United States.Dr
Reddy's and US-based Mylan NV received approval from the Food and Drug
Administration (FDA) earlier this month to launch a generic version of Suboxone
Film, which generates 80 per cent of Indivior's revenue, forcing the UK company
to file an injunction against the decision.Indivior said its
restraining order, issued on June 15, was extended for another 14 days, during
which time the US court for the District of New Jersey will consider the
application and issue a ruling on the injunction.
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