JB Chemicals launches new business division
Drugmaker JB Chemicals & Pharmaceuticals said on Thursday it has launched a new business division catering to gynaecology and dental therapies with 15 products and would exploit other therapeutic areas having good growth potential, sending its shares up over 7%.
Allow 49% FDI in multi-brand retail: Consumer Affairs Min
Amid a debate within the government on allowing foreign direct investment in multi- brand retail, the nodal Consumer Affairs Ministry is insisting on a FDI cap of 49% in the sensitive sector, sources said.
Arbitration: Existential Crisis?
By: Sanjeev K Kapoor, Khaitan and Co
Cipla gets US court order over patent infringement
Drug major Cipla today said it has received an order from a US district court that the sale of its animal healthcare product, 'PetArmor Plus', has infringed on the patent held by Merial Ltd.
India slips to 4th place among world's steel makers in 2010
India slipped one step to become the fourth largest steel producer in the world in 2010 with 68.3 million tonnes (MT) production, according to World Steel Association (WSA).
Alstom, HCC win euro 285 million hydro power contract
Alstom in consortium with Hindustan Construction Co (HCC) has won a contract worth over euro 285 million from Tehri Hydro Development Corp to install 1,000 mega watt hydro power plant in Uttarakhand state.
Nifty rises 4% in June series; banks, capital goods lead
Indian equity benchmarks rallied over 4% in the June series, backed by financial, capital good and FMCG companies' shares. Healthcare and technology companies' shares too were quite supportive while auto and oil & gas lost the ground.
Maharashtra demands hike in export quota for sugar
Sugar-rich Maharashtra today demanded an increase in the export quota of the sweetener from the current five lakh metric tonnes to 20 lakh metric tonnes.
Dangers lurk beyond Greek parliament vote
The Greek parliament was set to approve detailed austerity and privatisation bills on Thursday to secure emergency funds and pull the euro zone country back from imminent bankruptcy, but longer-term dangers still lurk.
MCX gold futures edges lower on rupee; traders seek falls
India gold futures edged lower on Thursday afternoon weighed by a firm rupee, which made the dollar-quoted yellow metal cheaper, analysts said.
PSLV-C17 to launch GSAT-12 on July 15
Preparations are in full swing for the July 15 launch of the Polar Satellite Launch Vehicle (PSLV-C17) carrying India''s communication satellite GSAT-12.
India doesn't want to be involved in Afghan security: FM
With the US set to begin drawdown of its troops from Afghanistan next month, India has told the Obama administration that it does not want to get involved in the security affairs of the war-torn country but would continue its developmental efforts there.
Dubai's budget air carrier boasts impressive growth
Dubai's first low cost airline, flydubai, has registered significant growth in the second year of its operations during the June, 2010-May, 2011, period.
PayMate launches 1st mobile
Mobile payment company PayMate has launched India's first mobile, cashless purchase management service -- 'WayPay' for fleet operators in the country.
'$452bn infra spend to boost Middle East property market'
Dubai-based developer DAMAC Properties has predicted that planned government spending of USD 452 billion on Gulf Cooperation Council (GCC) infrastructure projects will begin to resonate in regional property markets within the next 12 months.
MindHelix launches smartphone app for women's security
Kochi-based technology business incubator (TBI) company MindHelix Technologies today launched Sentinel, a smartphone application which will help in improving security, especially for women.
Global stocks, euro hit 3-week highs on Greek vote hopes
World stocks and the euro hit three-week highs on Thursday after Greece took a step closer to avoiding a default in the short-term.
High hopes for Asia's overcrowded budget airlines
Asian budget airlines placed a record USD 42 billion in plane orders over the past week, signalling their high expectations for travel in the world's fastest growing market and also triggering worries some may not survive.
Gazprom seeks India deals, says Europe share to fall
India is among the Asian countries where Russian gas export monopoly Gazprom is seeking new buyers for its gas under long term contracts, diluting Europe's share in its sales, its CEO said.
Nitish Kumar asks Govt to make stand clear on Lokpal Bill
Bihar Chief Minister Nitish Kumar today questioned the Centre's decision of sending two drafts of Lokpal Bill for consideration and demanded that the government be clear before seeking states' views on the proposed legislation.
India-Malaysia FTA to be effective from July 1
The free trade agreement between India and Malaysia will come into force from tomorrow, giving Indian professionals like accountants, engineers and doctors access to the key South-East Asian nation.
Nifty hits 5650 amid choppy trade; banks, FMCG lead
The benchmark Nifty has touched 5650 level amid a choppy trade, supported by Reliance Industries, SBI, NTPC, HUL, HDFC, Infosys and ITC.
Oil companies likely to cut ATF cost by Rs 350/kl
State run oil marketing companies are likely to cut aviation turbine fuel”(ATF) cost by around Rs 350 per kilolitre, say oil ministry sources
Nitin Fire board meet on July 8 to mull fund raising plans
Nitin Fire Protection Industries touched an intraday high of Rs 100.15 and an intraday low of Rs 96.45. At 14:41 hrs the share was quoting at Rs 98.95, up Rs 1.50, or 1.54%.
Fortis to open 25 low cost hospitals under new brand
Fortis Healthcare (India) today said it will open 25 low cost hospitals in the next three years in smaller towns, specially in tier II and Tier III cities under a new brand as the firm completes a decade of operations.
