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Helped by a higher-than-industry growth thanks to its multi-pronged strategy, Gulf Oil Lubricants is eyeing the number 2 position among private players in the domestic lubricants market.
The Hinduja Group company is currently in the third position – after Castrol and Shell – in terms of market share, among private and multinational players. “Our aspiration is to increase our market share and position. We have become joint number 2 player with Shell in terms of volumes. Our next goal is to become a clear number 2 player,” informed Mr. Ravi Chawla, Managing Director, Gulf Oil Lubricants India, while launching the company’s new Rs. 200-crore plant at Ennore in Chennai. [More]
>>Glenmark enters into licensing agreement to commercialise dry powder inhaler
Glenmark Pharmaceuticals Ltd. has announced that Glenmark Pharmaceuticals Europe has entered into a strategic, exclusive licensing agreement for marketing generic tiotropium bromide dry powder inhaler (DPI) in Western Europe. Tiotropium bromide DPI is a generic version of Boehringer Ingelheim’s Spiriva Handihaler. The product is used in the treatment of chronic obstructive pulmonary disease (COPD).[More]
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