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India drugmaker stocks exception in Asian rout

Last Updated: Thursday, September 3, 2015, 08:14

Continued strength in the dollar when the Federal Reserve raises interest rates will also boost their income. More than 40 percent of over-the-counter and generic prescription drugs sold in the United States come from India.

Rupee continues uptrend; ends 3 paise higher at 66.19 against USD

Last Updated: Wednesday, September 2, 2015, 20:07

Rising for the second consecutive day, the rupee closed 3 paise higher at 66.19 against the US dollar Wednesday on fag-end selling of the greenback by banks and exporters.

'One-day strike cost Rs 25,000 crore to economy'

Last Updated: Wednesday, September 2, 2015, 19:57

As a nationwide strike of trade unions hit banking and other services Wednesday, business chambers today pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.

Morgan Stanley revises FY16 growth outlook to 7.5% from 7.9%

Last Updated: Wednesday, September 2, 2015, 16:12

The Indian economy is expected to clock a 7.5 percent GDP growth in this fiscal year, slightly lower than the previous estimate of 7.9 percent largely because of bad weather and weak external demand, Morgan Stanley said in a report.

India's 2015-16 GDP growth still seen at around 8%: Subramanian

Last Updated: Wednesday, September 2, 2015, 14:11

The Indian economy is still expected to grow around 8 percent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry on Tuesday.

FDI in railways: GE, Alstom ahead in race for bagging loco projects in Bihar

Last Updated: Tuesday, September 1, 2015, 23:29

GE and Alstom are believed to be ahead of other bidders in the race to bag contracts for the setting up of multi-crore diesel and electric locomotive factories in Bihar that are among the top eight infrastructure initiatives which are being monitored by the PMO.

IndiGo adds nine 9 new flights to its network

Last Updated: Tuesday, September 1, 2015, 19:58

No-frills carrier IndiGo has added nine new flights on its domestic network including a daily service on the Varanasi-Goa via Mumbai and Varanasi-Kolkata routes, starting Tuesday.

Fitch affirms ratings on 9 Indian banks

Last Updated: Tuesday, September 1, 2015, 19:17

International ratings agency Fitch has downgraded viability rating of state-run Punjab National Bank by a notch while affirming ratings on nine banks, including SBI and ICICI Bank.

Rupee closes 26 paise higher at 66.22 against USD

Last Updated: Tuesday, September 1, 2015, 18:31

Snapping its 2-day losing streak, the rupee recovered by 26 paise to close at 66.22 against the US dollar Tuesday on fresh selling of the greenback by banks and exporters in overseas markets amidst fall in equities.

Wary FPIs take out a record Rs 17,000 cr in August

Last Updated: Tuesday, September 1, 2015, 13:48

The net outflow by foreign portfolio investors (FPIs) -- an all-time high since 1997 -- followed a net investment of Rs 5,323 crore in July.

Indian consumers offer a ray of hope after glum economic data

Last Updated: Tuesday, September 1, 2015, 08:28

A financial analyst, she recently received a pay rise, is eating out more often and has stopped bringing home-cooked meals to the office in a tiffin, the traditional Indian lunchbox.

FDI in railways: Three global cos bid for setting up loco factory

Last Updated: Monday, August 31, 2015, 23:02

Marking first major FDI offer in the railways, three global companies have submitted financial bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost of nearly Rs 1300 crore.