Germany suspends marketing of 54 drugs tested by India's GVK Bio

Last Updated: Saturday, August 22, 2015, 11:09

Germany has suspended marketing of 54 drugs tested by GVK Biosciences in compliance with the European Union's ban on around 700 generic drugs.

Optimistic about $20 trillion economy size in 20 years: Prabhu

Last Updated: Friday, August 21, 2015, 20:48

Union Railway Minister Suresh Prabhu on Friday said he was optimistic about the Indian economy growing to USD 20 trillion in size over the next 20 years.

Govt approves pact with Seychelles to curb black money

Last Updated: Thursday, August 20, 2015, 14:12

To check black money generation, the government on Thursday approved signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes.

Watch: China's stock market falls, EU pressure on Russia

Last Updated: Wednesday, August 19, 2015, 18:27

China's stock drop sharply on Wednesday amidst continuing worries for their economic growth. Over the last 13 months, nearly 1 trillion dollar is said to have flowed out of the country.

Greek lawmakers back 3rd bailout after all-night debate

Last Updated: Friday, August 14, 2015, 15:43

Greek lawmakers approved their country's draft third bailout in a parliamentary vote on Friday that relied on opposition party support and saw the government coalition suffer significant dissent.

City Union Bank Q1 net up 12% at Rs 112 crore

Last Updated: Wednesday, August 12, 2015, 14:07

City Union Bank on Wednesday reported over 12 percent rise in its standalone net profit at Rs 111.56 crore during the first quarter ended June, 2015.

Dollar slips vs. euro as Fed officials talk rate hike

Last Updated: Tuesday, August 11, 2015, 05:23

The dollar fell against the euro Monday as Federal Reserve officials` comments raised questions about the timing of the central bank`s plan to raise its key interest rate this year.

Drug ban not trade related, hopeful of solution: EU

Last Updated: Friday, August 7, 2015, 21:37

The EU Friday defended the banning of around 700 generic drugs tested by India's GVK Biosciences, asserting it was based on "scientific and not trade considerations" and voiced hope that a solution will be found after India deferred FTA talks with the bloc over the issue.

Cabinet clears amendments to Arbitration Act

Last Updated: Wednesday, August 5, 2015, 22:39

Seeking to ensure faster settlement of commercial disputes, Cabinet Wednesday cleared a proposal to amend the Arbitration Act which sets a fixed timeline for arbitrators to resolve cases.

India defers FTA talks with EU over ban of 700 pharma products

Last Updated: Wednesday, August 5, 2015, 17:36

Expressing disappointment and concern over the EU banning sale of around 700 pharma products clinically tested by GVK Biosciences, India has deferred the talks with the European Union on the proposed free trade agreement.

Greek finance minister says bailout deal possible by August 20

Last Updated: Wednesday, August 5, 2015, 01:14

Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.

EU hopes to conclude US free trade deal next year

Last Updated: Tuesday, August 4, 2015, 22:49

The EU hopes that talks on the world`s biggest free trade deal with the United States can be completed next year, a senior official said Tuesday, as the two sides get down to tackling the toughest issues.