Monday, September 26, 2011

'Cut pharma FDI cap to below 49%'

'Cut pharma FDI cap to below 49%'

'Cut pharma FDI cap to below 49%'

Posted: 26 Sep 2011 01:14 PM PDT

A high-level expert panel of the Planning Commission on universal health has recommended to lower the present cap of 100% FDI in pharmaceutical sector through the automatic route to below 49% "to retain predominance of Indian pharmaceutical companies and preserve our self-sufficiency in drug production".

DGH pulls up RIL over CBM block

Posted: 26 Sep 2011 12:38 PM PDT

The oil ministry's regulatory arm for explorers and Mukesh Ambani's Reliance Industries (RIL) once again appear to be on a collision course over completing the minimum work promised by the company in an acreage.

HPCL to raise $750m via ECB route

Posted: 26 Sep 2011 12:37 PM PDT

HPCL is in the market to raise $750 million through external commercial borrowings (ECB) within a week of the RBI hiking the ceiling on the foreign borrowing mechanism.

Inbev, SABMiller brew up $80bn deal?

Posted: 26 Sep 2011 12:33 PM PDT

In a global brewing industry marked by huge consolidation over the last decade, bankers are hopeful of an $80-billion-plus deal to end all deals between the industry's two giants, Anheuser-Busch InBev and SABMiller.

Mazagon-Pipavav JV put on hold

Posted: 26 Sep 2011 12:30 PM PDT

The government has put on hold the joint venture between defence shipyardMazagon Docks (MDL) and private shipyard Pipavav, announced with much fanfare earlier this month, after receiving a barrage of complaints from rival private shipyards.

I don't see recession today: Immelt

Posted: 26 Sep 2011 12:25 PM PDT

GE chairman says business performance better than mood, no liquidity problem.

After Maruti, Voltas faces labour unrest

Posted: 26 Sep 2011 07:55 AM PDT

At a time when Maruti Suzuki is grappling with labour unrest, Tata Group firm Voltas is also facing a similar issue with its workers protesting against the company's recruitment policy and wages.

Rupee weakens 2 paise on strong dollar demand

Posted: 26 Sep 2011 07:23 AM PDT

In a see-saw trade, the rupee today closed down by 2 paise at 49.45/46 against the US currency due to strong dollar demand from importers and weak stock markets.

Sensex down 111 points amid Asian cues

Posted: 26 Sep 2011 05:58 AM PDT

The BSE sensex fell for the fourth session in a row to a month's low of 16,051.10 -- down 111 points in volatile movements -- as investors sold across sectors amid weak Asian markets on lingering fears about euro zone debt crisis.

Gold suffers big fall, silver falls suit

Posted: 26 Sep 2011 02:54 AM PDT

Back home, silver dropped by Rs 3,200 to Rs 50,800 per kg as the metal in overseas markets recorded its worst two-day drop in 31 years.

Silver, gold tumble over recession fears

Posted: 25 Sep 2011 11:41 PM PDT

Gold and silver prices tumbled on Monday, led by a nearly 10 percent drop in spot silver prices , as investors liquidated their positions on fears of an impending recession.

Rupee down by 3 paise against US dollar

Posted: 25 Sep 2011 11:05 PM PDT

The Indian rupee was down 3 paise at Rs 49.46/47 per US dollar at 1030 hours on Monday after moving in a wide range during morning trade.

Sensex falls below 16,000 on global cues

Posted: 25 Sep 2011 10:57 PM PDT

Sensex was down by over 195 points in early trade on Monday amid fresh selling pressure in metal, consumer durables, refinery and capital goods stocks on account of global economic worries, coupled with lower Asian advices.

Rupee down by 16 paise against dollar

Posted: 25 Sep 2011 09:43 PM PDT

The Indian rupee fell by 16 paise to Rs 49.59 per US dollar in early trade on the Interbank Foreign Exchange on Monday due to appreciation of the US currency against other major rivals overseas.
Posted by Harshad at 9:33 PM

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