24 Nov 2016

History in profit

In the private sector, TV18 reported that History TV18, one of its joint venture channels, turned profitable in FY16. This does not include any contribution from the later launch of fyi18. These channels compete with Discovery Channel and National Geographic which were launched in India much earlier but History TV18 has the benefit of added local content. Lupin’s US subsidiary, Gavis, has received USFDA approval to market hydrocodone bitartrate acetaminophen painkilling tablets.

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