Going forward, the pharma company is going to to focus on its B2C business and the high cash generating verticals, he says.
The pharma major reported third quarter earnings on Saturday. While revenues declined, the drop was in-line with expectations and was overall an operationally strong quarter.
Nayyar is of the opinion that everyone acts for their self-interests, and, this move may not be in the interest of US companies. So its approval for now seems difficult.
Technology stocks battered on Friday with the Nifty IT index falling nearly 3 percent after the immigration reform re-introduced in the US House of Representatives by Congressmen. Stocks fell for the second consecutive session.
The biggest deal of the year, announced just over two weeks before the Nov. 8 US election, is a gamble on a victory for Democratic presidential candidate Hillary Clinton and a continuation of the status quo on anti-trust and regulatory enforcement.
In the wide-ranging phone interview, Trump insisted that President Barack Obama "absolutely" founded ISIS. He also discussed economic issues including regulation and infrastructure spending.
Brokerage house CLSA says the Indian generics industry is unlikely to be impacted in the medium-term. This is because the Democrats, who are looking to negotiate drug prices, need a majority in both the houses to bring in any change, which doesn‘t seem possible soon.
Sweeping wins by Trump, a New York billionaire, and Sanders, a democratic socialist, on Tuesday testified to the sizable share of American voters upset at US economic conditions and willing to send a shockwave to Washington in the Nov. 8 presidential election.
"It's easier to be cynical, to accept that change isn't possible and politics is hopeless," Obama said in his final State of the Union address. "But if we give up now, then we forsake a better future."
Many commentators were quick to call former Secretary of State Hillary Clinton the winner, but Sen. Bernie Sanders hit the main points that will likely keep his base intact.
As Republicans get ready for their second presidential debate, there's one candidate who has been at the centre of all discussions, and may be justifiably so. Donald Trump is clearly the one presidential aspirant who has got all his opponents talking.
Sending his annual budget proposals to the a Republican-majority Congress, Obama said his proposals will put more money in middle-class pockets, raise wages, and bring more high paying jobs to America.
President Barack Obama on Tuesday signed a USD 1.1 trillion spending bill passed by Congress last week that lifted the threat of a government shutdown.
Republican leaders in the House of Representatives delayed a Thursday afternoon vote on final passage to shore up support after the measure cleared a procedural hurdle by only two votes. Both liberal Democrats and conservative Republicans were urging their colleagues to oppose it.
The US dollar hit multi-year highs against several currencies this week, including a seven-year high against the Japanese yen, after Republicans gained control over both chambers of Congress for the first time since 2006, raising hopes of more pro-business policies.
According to Alastair Newton, Managing Director and Senior Political Analyst at Nomura International, though the Republicans will have control of both houses, the party will not have a "super majority in the Senate"
The proposal to expand one of the most popular US government poverty reduction programs, the Earned Income Tax Credit, would cost USD 60 billion, a modest amount in a budget in which the president has USD 1.014 trillion in spending to parcel out, the White House said.
With the world's financial markets watching, Yellen will have a chance to set a mostly upbeat tone and point to signs of steady economic progress, despite some recent bumps in the road.
Fresh from a deal with Iran over its nuclear program, Obama started a western swing on Sunday that will include stops in California to raise money for Democrats, tout his record on the economy, and push for reform of US immigration laws.
Janet Yellen, President Barack Obama's nominee to lead the US Federal Reserve, is sworn in to testify at her US Senate Banking Committee confirmation hearing in Washington November 14, 2013.
Particularly nervous is a group of 16 Senate Democrats who are defending their seats next year, as Republicans will seek a net gain of six seats to try to take over the 100-seat chamber.
On Tuesday, Obama was hit with a public-relations crisis that struck at the core of his domestic and foreign policy - one that raised questions about whether he had misled Americans on his signature healthcare overhaul, and whether he really was unaware of the US government's alleged spying on its allies.
Chaotic negotiations to end the US fiscal impasse failed to produce a deal, and left Congress and President Barack Obama desperately searching for a way to reopen the government and raise the country's debt limit ahead of a Thursday deadline.
It's widely acknowledged that agreements between Republicans and Democrats need to be reached on two fronts. They have to raise the nation's borrowing limit before the Thursday deadline set by the Treasury, and end the government shutdown now in its 14th day.
There has been a lot of improvement, the global economy is doing better and there has been substantial improvement in the housing market in the United States and all of these things are leading to strong economic growth, says David Kelly, Global Strategist, JPMorgan AMC.