Business News

Last updated: Thursday, October 30, 2014 9:00:04 PM

India developing $10 laptop
New Delhi, July 29 (IANS) After displaying its prowess in developing the world's cheapest car, India is on track to rolling out the world's cheapest laptop computer that could cost as low as $10, a top official said here Tuesday.

Tuesday, July 29, 2008 7:33:42 PM

Ranbaxy sales may double by 2011 on Pfizer settlement
New Delhi, July 29 (IANS) India's largest drug maker Ranbaxy Laboratories could see its global sales double by 2011 following the settlement of a patent dispute with Pfizer Inc involving the world's most-prescribed cholesterol-lowering medicine, a top company official said here Tuesday.

Tuesday, July 29, 2008 7:30:57 PM

McLeod Russel hopes to become debt-free in three years
Kolkata, July 29 (IANS) Bulk tea producer McLeod Russel India hopes to become a debt-free company in two to three years, a top company official said here Tuesday.

Tuesday, July 29, 2008 7:23:55 PM

ICICI Prudential Life joins hands with IIM-Calcutta
Kolkata, July 29 (IANS) ICICI Prudential Life Insurance Tuesday announced it has signed a memorandum of understanding (MoU) with the Indian Institute of Management-Calcutta (IIM-C) to start a new course focussing on the insurance sector.

Tuesday, July 29, 2008 6:26:09 PM

Private fund managers for $60 bn provident fund
New Delhi, July 29 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday selected three private fund managers, along with India's largest commercial bank, to manage its corpus of Rs.240,000 crore (Rs.2,400 billion or $60 billion).

Tuesday, July 29, 2008 6:18:55 PM

Ranbaxy expects US drug office to drop charge next month
New Delhi, July 29 (IANS) The United States Federal Drug Administration (USFDA) is likely to withdraw charges of illegal drug sales in the US by India's largest drug maker Ranbaxy Laboratories by Aug 3, a top company official said Tuesday.

Tuesday, July 29, 2008 6:12:41 PM

Equity markets tumble after Reserve Bank hikes rates
Mumbai, July 29 (IANS) Indian equity markets ended Tuesday with a deep cut after the Reserve Bank of India (RBI) hiked the cash reserve ratio by 25 basis points and repo rate by 50 basis points.

Tuesday, July 29, 2008 6:07:45 PM

Ranbaxy posts Rs.1.6 bn profit in second quarter
New Delhi, July 29 (IANS) India's largest drug maker Ranbaxy Laboratories has posted a consolidated net profit of Rs.1.61 billion ($39 million) in the second quarter ending June 30, almost unchanged from Rs.1.6 billion ($39 million) earned in the comparable period last year, the company said Tuesday. Ranbaxy starts its fiscal year in January.

Tuesday, July 29, 2008 4:45:53 PM

Indian company wins lawsuit against German JV partner
Pune, July 29 (IANS) Aquarius Engineers Pvt. Ltd., a Pune-based hi-tech construction equipment company, has won a legal battle against its German joint venture partner for setting up a subsidiary in India without obtaining prior approval.

Tuesday, July 29, 2008 4:44:31 PM

Sensex closes 557 points down
Mumbai, July 29 (IANS) Indian equity markets closed deep in the red Tuesday.

Tuesday, July 29, 2008 4:23:35 PM

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