Bengaluru: I-T raids at manufactures of Dolo-650, pill that got popular during Covid
Bengaluru, Jul 6: The Income Tax department Wednesday conducted searches at the premises of Bengaluru-based pharmaceutical company Micro Labs Ltd, the manufacturers of Dolo-650 tablet that was widely used by COVID-19 patients during the last over two years, on charges of alleged tax evasion.
Officials said the department is looking at financial documents, balance sheets and business distributor networks of the company as part of the searches.
The PTI has sent queries on the action to the company and a response is awaited.
Some other linked locations of the company in other cities and those of its promoters and distributors are also being covered, they said.
The company said on its website that it was engaged in the making and marketing pharmaceutical products and APIs (Active Pharmaceutical Ingredients) and has 17 manufacturing units across the country apart from conducting business overseas.
Its major pharma products are Dolo-650, Amlong, Lubrex, Diapride, Vildapride, Olmat, Avas, Tripride, Bactoclav, Tenepride-M and Arbitel.
Dolo-650, an analgesic (pain killer) and antipyretic (fever-reducing) was being prescribed by doctors and medical shop owners for coronavirus patients to reduce pain and fever, common symptoms caused by Covid.
In the words of the company, Dolo-650, is "virtually a household name across the country".
The company website showcased a news article, published in February, on its website that said: "The company has sold 350 crore tablets (of Dolo-650) since the Covid-19 outbreak in 2020, and earned revenues of Rs 400 crore in a year."
The CMD of the company, Dilip Surana, has been quoted in the story.
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2nd WODI: Jemimah's maiden ton sets up 116-run win and seals series for India
Rajkot, Jan 12: India, riding on Jemimah Rodrigues' maiden century in 50-over cricket, defeated Ireland by 116 runs in the second Women's ODI to take an unassailable 2-0 lead in the three-match series here on Sunday.
Opting to bat, India amassed a mammoth 370 for 5 with skipper Smriti Mandhana (73), newcomer Pratika Rawal (67) and Harleen Deol (89) smashing half-centuries, while Jemimah cracked a 91-ball 102 against hapless Ireland bowlers.
In reply, Ireland keeper-batter Christina Coulter Reilly scored a fine 80 but her efforts were not enough with India spinner Deepti Sharma grabbing three wickets for 37 runs. Priya Mishra was the other successful India bowler taking two wickets.
Brief Scores:
India 370 for 5 in 50 overs (Smriti Mandhana 73, Pratika Rawal 67, Harleen Deol 89, Jemimah Rodrigues 102; Orla Prendergast 2/75).
Ireland 254 for 7 in 50 overs (Sarah Forbes 38, Christina Coulter Reilly 80, Laura Delany 37; Deepti Sharma 3/37, Priya Mishra 2/53).
