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Hyderabad Pharma Unit Blast Kills 8, 13 Rescued

A major industrial tragedy struck Hyderabad on the morning of June 30, 2025, when a powerful explosion ripped through a pharmaceutical manufacturing unit at Sigachi Industries Pvt. Ltd. in the Pashamylaram industrial area. The blast, which reportedly occurred due to a pressure build-up in one of the reactors, has claimed the lives of eight workers and left 13 others injured and trapped under the debris. Firefighters rushed to the scene following a distress cal

General

30 Jun 2025 05:04 AM

Hyderabad Pharma Unit Blast Kills 8, 13 Rescued

A major industrial tragedy struck Hyderabad on the morning of June 30, 2025, when a powerful explosion ripped through a pharmaceutical manufacturing unit at Sigachi Industries Pvt. Ltd. in the Pashamylaram industrial area. The blast, which reportedly occurred due to a pressure build-up in one of the reactors, has claimed the lives of eight workers and left 13 others injured and trapped under the debris. Firefighters rushed to the scene following a distress cal

General

Rite Aid to Close 56 More California Stores Amid Bankruptcy, Total Closures Hit 235

Rite Aid, the once-prominent national pharmacy chain now navigating Chapter 11 bankruptcy, is preparing to shutter 56 additional store locations across California, bringing the total number of confirmed closures in the state to 235 by 2025. As part of its ongoing financial restructuring efforts, the company is systematically downsizing its retail footprint, with California emerging as one of the hardest-hit states in this process. The latest wave of closures reflects the pharmacy chain’

Business

17 Jun 2025 04:13 AM

Rite Aid to Close 56 More California Stores Amid Bankruptcy, Total Closures Hit 235

Rite Aid, the once-prominent national pharmacy chain now navigating Chapter 11 bankruptcy, is preparing to shutter 56 additional store locations across California, bringing the total number of confirmed closures in the state to 235 by 2025. As part of its ongoing financial restructuring efforts, the company is systematically downsizing its retail footprint, with California emerging as one of the hardest-hit states in this process. The latest wave of closures reflects the pharmacy chain’

Business

FDA alert prompts recall of nearly 14,000 cases of OTC eye drops over safety risks

Several over-the-counter eye products have been voluntarily recalled following a U.S. Food and Drug Administration audit that uncovered issues related to manufacturing practices. The recall, issued by AvKARE, involves Artificial Tears Ophthalmic Solution, a commonly used product for treating dry or irritated eyes. According to the recall announcement posted by the company, the products were pulled due to deviations in manufacturing that may have compromised quality and potentially pose a risk

Health & Wellness

13 May 2025 06:59 AM

FDA alert prompts recall of nearly 14,000 cases of OTC eye drops over safety risks

Several over-the-counter eye products have been voluntarily recalled following a U.S. Food and Drug Administration audit that uncovered issues related to manufacturing practices. The recall, issued by AvKARE, involves Artificial Tears Ophthalmic Solution, a commonly used product for treating dry or irritated eyes. According to the recall announcement posted by the company, the products were pulled due to deviations in manufacturing that may have compromised quality and potentially pose a risk

Health & Wellness

Rite Aid's California locations at risk as company plans nationwide shutdown

Pharmacy giant Rite Aid could close every remaining store in California after filing for bankruptcy for a second time last week. The company recently confirmed plans to shutter all locations and distribution centers across the country over the next several months. A representative from the drugstore chain stated that this includes the possibility of closing all 347 stores currently operating in California, with at least 15 of those in the Bay Area at risk if they are not sold or transferred to n

Business

12 May 2025 12:13 PM

Rite Aid's California locations at risk as company plans nationwide shutdown

Pharmacy giant Rite Aid could close every remaining store in California after filing for bankruptcy for a second time last week. The company recently confirmed plans to shutter all locations and distribution centers across the country over the next several months. A representative from the drugstore chain stated that this includes the possibility of closing all 347 stores currently operating in California, with at least 15 of those in the Bay Area at risk if they are not sold or transferred to n

Business

Torrent Pharmaceuticals to Hold Meeting for Interim Dividend on Jan. 24

Torrent Pharmaceuticals Ltd. will hold a meeting on January 24 to consider the payment of an interim dividend for the financial year 2024-25. The company has set February 1 as the record date for determining the eligible members for the dividend payment, if declared. The interim dividend will be for the equity shares of Rs 5 each. Earlier, Samir Mehta, President of the Indian Pharmaceutical Alliance and Chairperson of Torrent Group, highlighted the industry's plans to grow signi

Business

13 Jan 2025 11:02 AM

Torrent Pharmaceuticals to Hold Meeting for Interim Dividend on Jan. 24

Torrent Pharmaceuticals Ltd. will hold a meeting on January 24 to consider the payment of an interim dividend for the financial year 2024-25. The company has set February 1 as the record date for determining the eligible members for the dividend payment, if declared. The interim dividend will be for the equity shares of Rs 5 each. Earlier, Samir Mehta, President of the Indian Pharmaceutical Alliance and Chairperson of Torrent Group, highlighted the industry's plans to grow signi

Business

Jefferies Sees 2025 as Key Year for CDMO Stocks, Picks Piramal Pharma

Jefferies predicts that 2025 will be a year of reckoning for Contract Development and Manufacturing Organization (CDMO) stocks, where actual earnings performance will determine the sector’s winners and laggards. While CDMO stocks saw remarkable returns in 2024, ranging from 20% to 80%, the brokerage points out that earnings were mixed, with some companies seeing upgrades, while others experienced sharp downgrades. Despite this, investor confidence remains strong, driven by long-term opt

Business

10 Jan 2025 20:33 PM

Jefferies Sees 2025 as Key Year for CDMO Stocks, Picks Piramal Pharma

Jefferies predicts that 2025 will be a year of reckoning for Contract Development and Manufacturing Organization (CDMO) stocks, where actual earnings performance will determine the sector’s winners and laggards. While CDMO stocks saw remarkable returns in 2024, ranging from 20% to 80%, the brokerage points out that earnings were mixed, with some companies seeing upgrades, while others experienced sharp downgrades. Despite this, investor confidence remains strong, driven by long-term opt

Business

India's Pharma Industry Set for Major Growth and Innovation in 2025

In 2025, the Indian pharmaceutical industry is set for a profound transformation driven by innovation, research excellence, and expanded global access. With the industry projected to reach USD 130 billion by 2030, India aims to become a global hub for high-quality, affordable pharmaceuticals, focusing on areas like CAR-T cell therapy, mRNA vaccines, and biosimilars. Technological advancements like AI, machine learning, and precision medicine are expected to revolutionize drug discovery, manuf

AI & Robotics

26 Dec 2024 06:13 AM

India's Pharma Industry Set for Major Growth and Innovation in 2025

In 2025, the Indian pharmaceutical industry is set for a profound transformation driven by innovation, research excellence, and expanded global access. With the industry projected to reach USD 130 billion by 2030, India aims to become a global hub for high-quality, affordable pharmaceuticals, focusing on areas like CAR-T cell therapy, mRNA vaccines, and biosimilars. Technological advancements like AI, machine learning, and precision medicine are expected to revolutionize drug discovery, manuf

AI & Robotics

Class 10 Student Dies After Wrong Injection in Odisha

A tragic incident occurred in Odisha's Mayurbhanj district when a Class 10 student, Sukhdev Munda, died after allegedly being administered a wrong injection at a local pharmacy. Sukhdev, who was suffering from a skin infection, was taken to Sarbeswar Medicines pharmacy in Saharpada Market by his father for treatment. The pharmacist assured them that an injection would provide quick relief. However, shortly after receiving the injection, Sukhdev's condition deteriorated, and he passed

General

13 Dec 2024 08:29 AM

Class 10 Student Dies After Wrong Injection in Odisha

A tragic incident occurred in Odisha's Mayurbhanj district when a Class 10 student, Sukhdev Munda, died after allegedly being administered a wrong injection at a local pharmacy. Sukhdev, who was suffering from a skin infection, was taken to Sarbeswar Medicines pharmacy in Saharpada Market by his father for treatment. The pharmacist assured them that an injection would provide quick relief. However, shortly after receiving the injection, Sukhdev's condition deteriorated, and he passed

General

KTR Accuses CM Revanth Reddy of Land Grab for Pharma Village Project

Bharat Rashtra Samithi (BRS) working president K. T. Rama Rao (KTR) has leveled serious allegations against Chief Minister A. Revanth Reddy, accusing him of forcefully acquiring land from farmers in Kodangal for a Pharma Village project. The land, according to KTR, is intended for Maxbien Pharma, a company owned by Revanth Reddy’s son-in-law. KTR condemned the Chief Minister for prioritizing his family's interests over the welfare of the farmers and accused him of using coercive tac

Political News

13 Nov 2024 09:04 AM

KTR Accuses CM Revanth Reddy of Land Grab for Pharma Village Project

Bharat Rashtra Samithi (BRS) working president K. T. Rama Rao (KTR) has leveled serious allegations against Chief Minister A. Revanth Reddy, accusing him of forcefully acquiring land from farmers in Kodangal for a Pharma Village project. The land, according to KTR, is intended for Maxbien Pharma, a company owned by Revanth Reddy’s son-in-law. KTR condemned the Chief Minister for prioritizing his family's interests over the welfare of the farmers and accused him of using coercive tac

Political News

55 Arrested in Connection with Attack on Officials in Telangana

Police in Telangana's Vikarabad district have taken swift action by arresting 55 individuals in connection with the recent attack on district officials during a public hearing for the proposed 'Pharma Village'. The attack, which took place in Lagacharla village of Dudyala mandal, left District Collector Prateek Jain, Additional Collector G. Lingya Naik, and Kodangal Area Development Authority (KADA) Chairman Venkat Reddy injured. The incident, which occurred in Kodangal con

Political News

12 Nov 2024 03:57 AM

55 Arrested in Connection with Attack on Officials in Telangana

Police in Telangana's Vikarabad district have taken swift action by arresting 55 individuals in connection with the recent attack on district officials during a public hearing for the proposed 'Pharma Village'. The attack, which took place in Lagacharla village of Dudyala mandal, left District Collector Prateek Jain, Additional Collector G. Lingya Naik, and Kodangal Area Development Authority (KADA) Chairman Venkat Reddy injured. The incident, which occurred in Kodangal con

Political News

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#pharma

Hyderabad Pharma Unit Blast Kills 8, 13 Rescued

Hyderabad Pharma Unit Blast Kills 8, 13 Rescued

Rite Aid to Close 56 More California Stores Amid Bankruptcy, Total Closures Hit 235

Rite Aid to Close 56 More California Stores Amid Bankruptcy, Total Closures Hit 235

FDA alert prompts recall of nearly 14,000 cases of OTC eye drops over safety risks

FDA alert prompts recall of nearly 14,000 cases of OTC eye drops over safety risks

Rite Aid's California locations at risk as company plans nationwide shutdown

Rite Aid's California locations at risk as company plans nationwide shutdown

Torrent Pharmaceuticals to Hold Meeting for Interim Dividend on Jan. 24

Torrent Pharmaceuticals to Hold Meeting for Interim Dividend on Jan. 24

Jefferies Sees 2025 as Key Year for CDMO Stocks, Picks Piramal Pharma

Jefferies Sees 2025 as Key Year for CDMO Stocks, Picks Piramal Pharma

India's Pharma Industry Set for Major Growth and Innovation in 2025

India's Pharma Industry Set for Major Growth and Innovation in 2025

Class 10 Student Dies After Wrong Injection in Odisha

Class 10 Student Dies After Wrong Injection in Odisha

KTR Accuses CM Revanth Reddy of Land Grab for Pharma Village Project

KTR Accuses CM Revanth Reddy of Land Grab for Pharma Village Project

55 Arrested in Connection with Attack on Officials in Telangana

55 Arrested in Connection with Attack on Officials in Telangana

Inside Buzz: 21 confirmed candidates for JSP

Omar Abdullah Set to Become Chief Minister of Jammu & Kashmir as National Conference Secures Victory

Colbie Caillat, Elton John Tribute Headline Alameda County Fair

Water main break shuts Totowa’s US 46 ramp as crews battle freezing conditions

BCCI Studies IPL Two-Window Format as Heat Concerns Grow

Shantanu Naidu Promoted to GM at Tata Motors, Reflects on His Bond with Ratan Tata

GameStop and MicroStrategy Stocks Surge After Ryan Cohen’s Photo With Michael Saylor

S Jaishankar Reports 75% Progress on India-China Disengagement, Talks Continue

Air India Cuts 15% International Flights After Crash

AI Model Release Pace Is Outrunning Independent Evaluation

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