Popular Articles

Novartis India to quadruple its business in 5 years
Novartis India, a subsidiary of Switzerland-based Novartis AG, is all set to grow its business revenues by four times in the next five years. The company"s over-the-counter business unit is looking at introducing more products in the consumer healthcare segment.

Wockhardt bleeds due to Rs 284-crore hit
A mark-to-market (MTM) loss of Rs 284.4 crore caused drug major Wockhardt to post a net loss of Rs 54 crore in the third quarter ended September as against a net profit of Rs 62.2 crore in the corresponding quarter of last year. Consolidated sales revenues stood at Rs 922.7 crore, a growth 2.23 per cent over the Rs 902.5 crore posted in the year-ago period. The MTM loss has been accounted for as an exceptional item and negotiations are in progress in respect of hedging instruments outstanding.

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Pension regulator seeks funds from Finance Ministry
The interim pension regulator, Pension Fund Regulatory and Development Authority (PFRDA), today said it has sought funds from the Finance Ministry for spreading awareness about retirement savings and a provision for the same is expected in the upcoming Budget.
International Business

Cong appoints observers for M'rashtra, Arunachal, Haryana

Congress today appointed central observers in Maharashtra, Haryana and Arunachal Pradesh, to facilitate election of the party"s chief ministers. - Voters send 23 women out of 287 in fray - MNS plays spoiler for Sena-BJP alliance - A stabilising verdict - Gadkari is BJP chief? - Congress may retain CMs in three states - Cong wins Maha, Arunachal; short of majority in Haryana While senior leaders A K Antony, Digvijay Singh and K Rehman Khan have been named the observers for Maharashtra, general secretaries Prithviraj Chavan, Mohsina Kidwai and B K Hariprasad will do the job in Haryana. Senior leaders Oscar Fernandes, Luizinho Faleiro and V Narayansami are the central observers for Arunachal Pradesh. The announcement was made by AICC General Secretary Janardan Dwivedi. The meeting of the new legislature party in Haryana will take place this evening. Congress romped home, victorious for a third straight term in Maharashtra, swept Arunachal Pradesh with a two-third majority, but its snap poll gamble failed in Haryana where it fell short of six seats. The Congress-NCP combine, ruling Maharashtra for the past 10 years, beat the anti-incumbency factor and won 144 seats in a House of 288.The combine needed just one more seat for a simple majority. The spectacular showing in Arunachal Pradesh saw the Congress gain a two-third majority with 42 seats in he 60-member Assembly against 34 it had won last time.


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