IPCA slumps as FDA bans imports from 2 more plants

Last Updated: Wednesday, March 25, 2015, 13:18

Shares in generic drugmaker IPCA Laboratories slumped as much 12.7 percent, heading towards their biggest daily fall since July 2014, after the U.S. Food and Drug Administration (FDA) issued an import alert against two of its plants.

Oil rebounds above $56 as weaker dollar overshadows China slowdown

Last Updated: Tuesday, March 24, 2015, 18:21

Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.

Amazon wins US regulators' approval to test-fly drone

Last Updated: Friday, March 20, 2015, 10:58

Amazon.com Inc has won U.S. federal regulators` approval to test a delivery drone, as the e-commerce giant pursues a vision of speeding packages to customers through the air amid public concern over the safety and privacy implications.

Micro Labs recalls 54,096 bottles of cholesterol drug in US

Last Updated: Thursday, March 19, 2015, 18:09

Micro Labs is voluntarily recalling 54,096 bottles of Simvastatin Tablets, a drug for lowering cholesterol, in the US market for failing to meet specifications.

Aurobindo gets tentative nod from USFDA for Lacosamide tablets

Last Updated: Thursday, March 19, 2015, 17:32

Drug firm Aurobindo Pharma has received tentative approval from the US health regulator USFDA for its generic Lacosamide tablets used in treatment of partial seizures in epilepsy patients.

Brent falls towards $53 after US crude stocks rise

Last Updated: Wednesday, March 18, 2015, 13:52

Brent for May delivery fell 50 cents to $53.01 a barrel by 0644 GMT after ending the previous session 7 cents up at $53.51.

DGCA acting on FAA findings on Indian civil aviation securitty: Sharma

Last Updated: Tuesday, March 17, 2015, 18:47

Directorate General of Civil Aviation (DGCA) is taking action on the findings brought up by Federal Aviation Administration (FAA) on India's aviation safety, which remained downgraded since early last year.

Shome welcomes deferment of GAAR in Budget

Last Updated: Monday, March 2, 2015, 23:14

Parthasarathi Shome, the Chairman of Tax Administration Reforms Commission, constituted by the Finance Ministry, Monday hailed the decision to defer General Anti-Avoidance Rules (GAAR) as announced in the Budget.

'Use research to weed out procedures encouraging corruption'

Last Updated: Friday, February 20, 2015, 23:26

A high-level government commission has suggested that tax department undertake regular and periodic review to identify and weed out procedures that lead to corruption in the department.

US FDA Commissioner Margaret Hamburg to step down

Last Updated: Friday, February 6, 2015, 02:53

Dr. Margaret Hamburg, who as commissioner of the US Food and Drug Administration (FDA) for almost six years has overseen public health initiatives ranging from tobacco control and food safety to personalized medicine and drug approvals, is stepping down, the agency said on Thursday.

USFDA to increase its India headcount

Last Updated: Wednesday, February 4, 2015, 17:13

The US Food and Drug Administration (FDA), which has offices in New Delhi and Mumbai, is in the process of increasing its headcount in India to 19.

US recalls 2.1 million vehicles in new air bag issue

Last Updated: Sunday, February 1, 2015, 19:03

The vehicles involved in the recall announced by the U.S. National Highway Traffic Safety Administration are made by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co.