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US blocks 30 Ranbaxy drugs
Regulator blacklists 2 facilities; no bar on drugs from other units. New Delhi, Sept. 17 In a blow to Ranbaxy Pharmaceuticals Ltd, the US Food and Drug Administration has blacklisted about 30 generic drugs being manufactured by the company at ...
Markets give thumbs down to AIG rescue
Mumbai, Sept. 17 Convulsions on Wall Street eased a bit on Wednesday, feeding on the announcement by US Federal Reserve of a bail-out of the embattled American International Group (AIG) that may help the US insurer from capsizing the ...
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Seeking help: The Nepal P...
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TODAY'S PICK (Latest Audio: English/Tamil)
Castrol India (Rs 331.30): Sell
We recommend a sell in Castrol India from a short-term perspective. It is apparent from the charts that the medium-term uptrend of the stock, which began in early July from the support level of Rs 235 had encountered resistance at Rs 355 ...
Day Trading Guide
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Pharma sector worried over USFDA’s ‘conservatism’
Sharp fall in new drug approvals this year. Hyderabad, Sept 17 The ‘conservative’ approach of US Food and Drug Administration in granting new drug approvals and quality norms can have a long-term impact on the drug industry, ...
Oil India public offer plans on track
To hit the market on November 10; price band likely in Oct. New Delhi, Sept 17 The stock market volatility is unlikely to defer public sector undertaking Oil India Ltd’s (OIL) initial public offer (IPO) schedule of November. Sources said ...
IT cos look to gains from rupee weakness
Uncovered receipts can be hedged in tune with current developments. Bangalore, Sept. 17 Indian IT companies are optimistic they can take advantage of the present weakening of the rupee against the dollar even though it had led to ...
‘No plans to review import duty on farm items’
Focus of concern may shift from consumers to farmers. New Delhi, Sept. 17 The Centre has no plans as of now to re-impose customs duties on agricultural products, many of which are currently importable at nil duty. This comes even as harvesting ...
Shut the revolving door between investment banks and Government
A Government bailout means a taxpayer bailout. US taxpayers - whether they were part of this unscrupulous and foolish swindle or not - will foot the bill.. This is the time of greatest danger for ordinary people, cautions Ms Lila Rajiva. ...
Ministry favouring international players, say highway builders
Plan to take up qualification issue with Finance Ministry. New Delhi, Sept. 17 Indicating that the Road Ministry is further complicating the ongoing bidding process for 53 National Highways Authority of India (NHAI) projects by changing the ...
Shares with higher FII holding may come under pressure
Global investors have focused on IT and banking companies. Mumbai, Sept. 17 Indian companies in which FIIs’ shareholdings are substantial are likely to come under more selling pressure on the bourses, ...
FIIs invest record $2.2 b in debt on September 16
Mumbai, Sept. 17 Net investments in Indian debt instruments made on September 16 by foreign institutional investors amounted to a staggering $2.2 billion (Rs 8,904 crore), the combined data provided by custodians to SEBI ...
“The law should protect investments in sport”
The sustainability of sports will depend on the law’s ability to meet newer challenges.. Earlier this year, the Indian sports industry saw one of the biggest financial investments, to date, with the launch of the Indian Premier League ...
Bay under watch as depression crosses land
The deep depression in the Bay of Bengal (classified as a ‘numbered tropical cyclone 02B’ internationally) crossed the Orissa coast on Tuesday evening and has lain centred over north Orissa through Wednesday retaining much of ...
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