Indian pharmaceutical firms face new manufacturing standards this year, per a government notification. Small companies seek a delay due to high debt loads.
Referring to the economic crisis in Sri Lanka, the RBI article prepared by a team of economist under the guidance of Deputy Governor Michael Debabrata Patra had on Thursday stated that the five most indebted states — Punjab, Rajasthan, Bihar, Kerala and West Bengal — need to take corrective measures by cutting down expenditure on non-merit goods.
Real estate giant DLF is confident of reducing its debt to Rs 17,500 crore; in line with its guidance. Its management also hopes to bring down its interest costs by Rs 450-470 crore in FY15.
Recently, Delhi-based Parsvnath unveiled a new scheme called the ‘The 25:75 House of Happiness‘. Parsvnath‘s scheme is for 16 residential and four commercial projects in several cities including Delhi, Greater Noida, Ghaziabad, Sonepat, Panchkula and Moradabad.