India slips to 71st rank in global competitiveness list
Weighed down by challenging economic conditions for most part of the past year, India has slipped to 71st position – the lowest among BRICS countries – in an annual global competitiveness list, with Switzerland claiming the top spot. The annual list, released on Wednesday by... read more »
Diesel under-recovery drops to 8 paise a litre
The under-recovery on diesel for national oil marketing companies (OMCs) is down to a wafer thin 8 paise a litre, a pattern that could soon bring relief to consumers from the 50-paise-a-fortnight upward revision. On Monday, the Petroleum Planning and Analysis Cell (PPAC) of the Petroleum Ministry... read more »
Venus Remedies ties up with Teva
Venus Remedies has entered into a collaborative agreement with Teva, the largest manufacturer of generic drugs in the world, for anti-cancer drug in the Canadian market. The high-potential drug is under patent protection till 2016. Under this collaboration, Venus will be initially manufacturing the... read more »
ICL seeks nod to increase borrowing limit
The India Cements Limited has sought the approval of its shareholders to increase the borrowing limit by Rs.400 crore to Rs.2,900 crore. Consequent to the scheme of amalgamation with Visaka Cement Industry Limited (VCIL), the borrowing limit of India Cements stood at Rs.2,900 crore. VCIL borrowing... read more »
