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PSU banks expect pick up in credit offtake post-Sept
Loan disbursements, which dipped due to economic slowdown, during the nine months ending May 2009, is expected to pick up post-September with an improvement in industrial activities, a top banking industry official said.

Markets open in the green
The Sensex is quoting at 17,013, higher by 30 points and the Nifty is at 5,076, up 9 points.

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OBC eyes up to 24% credit, deposit growth
State-owned Oriental Bank of Commerce today said it is looking at credit and deposit growth of up to 24 per cent each in the current fiscal.
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Aurobindo gets USFDA nod for two new drugs

Aurobindo Pharma, a Hyderabad-based manufacturer of generic pharmaceuticals and active pharmaceutical ingredients (APIs), has received final approval for Zidovudine tablets in 60mg strength and tentative approval for Lamivudine tablets in 30mg – indicated for the treatment of HIV-I infection in combination with other anti-retrovirals (ARVs) – from the US Food and Drug Administration (USFDA). - Aurobindo Pharma gets USFDA approval for CVS drug - Aurobindo sues S African govt over AIDS drug contract - Aurobindo Pharma gets TGA Australia nod for nerve drug - Aurobindo Phrama gets USFDA nod for veterinary drug - Aurobindo expands pact with Pfizer - Aurobindo expands licensing pact with Pfizer, adds 60 drugs Both the new drug applications are for paediatric strengths and are developed based on the United Nations’ initiative to develop paediatric formulations. With this, Aurobindo now has a total of 98 abbreviated new drug application (ANDA) approvals (70 final and 28 tentative) from the USFDA, which include 30 products in the ARV segment, the company said in a filing to the BSE on Friday. The scrip of Aurobindo is currently trading at Rs 546 on the BSE, up 0.02 per cent as against the previous close of Rs 545.90.


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