More withdrawals from WHO list; US scrutiny Indian pharma companies face testing times
ANOTHER week came to a close, but not on a happy note for a clutch of Indian drug companies which felt the heat for different reasons. The Hyderabad-based Hetero Drugs has withdrawn all six of its antiretroviral drugs (anti-AIDS medicines) ...
Pharma stocks move southward
PHARMA companies' shares were not hammered as much in India as in the European market where the shares of leading pharma companies took a knock on the news of scrutiny of five drugs. In the European market, companies such as GlaxoSmithKline ...
Reliance drags indices down
THE shares of Reliance group companies went for a tumble in the bourses on Friday, after Mr Mukesh Ambani's statements confirming ownership tussles between the two Ambani brothers. Although Mr Ambani clarified that the differences with his ...
Maran's 10-point action plan for BSNL, MTNL to face competition
THE Minister for Communications & Information Technology, Mr Dayanidhi Maran, on Friday laid out a 10-point action plan for Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd for effectively competing against the private sector telecom .
Mallya to hold talks with global brewers
THE board of United Breweries Ltd today empowered its Chairman, Mr Vijay Mallya, to carry out negotiations with leading global brewers following several unsolicited expressions of interest received from them. The board, which met today, took ...
Textile industry gets a fillip through TUFS
THE upbeat mood in the domestic textile fraternity is amply reflected in the industry's rapidly increasing offtake from the Technology Upgradation Fund Scheme (TUFS), launched by the Government to give a leg up to the industry in view of the ...
Madura Garments set to bring Armani to India
GIORGIO Armani, which redefined corporate dressing in the 80s and named after the eponymous Italian designer, is finally making its way to India. The AV Birla-managed Madura Garments is expected to unveil Armani in the domestic market during ...
Inflation up on costlier petro products
A surge in the prices of petroleum products pushed up the annual wholesale price index-based inflation (WPI) rate 7.76 per cent for the week ended November 6. The year-on-year inflation index shot up from the previous week's level of 7.06 per ...
Infosys, Reliance, Tata, Wipro among world's most respected cos
INFOSYS Technologies, Reliance Industries, the Tata Group and Wipro were the four Indian companies rated among the world's most respected companies, according to a survey. Mr N.R. Narayana Murthy, Mr Mukesh Ambani, Mr Ratan Tata and Mr Azim ...
Notification issued on rubber exports subsidy Sops for all grades cut by half for current fiscal
THE Centre issued a notification on Friday on subsidy for the export of various grades of natural rubber. However, it has cut the subsidy by half for the current fiscal. The subsidy for export of RSS has been cut from Rs 3.50 per kg to Rs 1.75, ...
Bountiful reverse monsoon makes up for past deficit
ALMOST 50 days after the end of a deficit southwest monsoon, some of the worst affected regions of the country are relishing the ongoing spell of rain generated by regional weather systems. The precipitation in the northwest may continue for ...
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