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Govt to formulate policy to promote bulk drug manufacturing

Last Updated: Tuesday, April 21, 2015, 16:00

Government is examining the recommendations of a committee set up to study the issues related to critical active pharmaceutical ingredients (APIs) so as to formulate a policy for promoting their manufacturing in the country.

Nifty rises after hitting 1-1/2 month low; defensives lead

Last Updated: Tuesday, March 24, 2015, 12:38

The Nifty rose after hitting nearly 1-1/2 month low on Tuesday as investors churned positions in defensive stocks such as Lupin Ltd from pharmaceutical sector on worries the record setting rally has run ahead of fundamentals.

Old-economy sectors are now tech, too: US study

Last Updated: Tuesday, March 3, 2015, 00:48

Forget about old economy and new economy. Everything is now part of the tech economy, a prominent US research panel said Monday.

Pharma cos likely to post 15% profit growth in Q3 FY'14

Last Updated: Sunday, January 5, 2014, 15:20

Pharmaceutical companies are expected to post core profit growth of over 15 percent, year-on-year, for the quarter ended December 2013.

FDI in pharma sector jumps 86.5% during April-Oct period

Last Updated: Sunday, January 5, 2014, 11:13

FDI in the pharmaceutical sector jumped by 86.5 percent to USD 1.08 billion during April- October period of the current fiscal amid concerns over continuous mergers and acquisitions of domestic drug makers by multinationals.

No clear gainers if Pharma FDI is capped

Last Updated: Saturday, November 30, 2013, 11:55

Moreover, Indian pharma industry is pretty fragmented, so it is difficult for few players to control the whole pharma market.

Hiring grows by 24% in recession-proof pharma sector

Last Updated: Sunday, October 27, 2013, 10:57

Amid continuing business expansion, hiring in India's pharmaceutical sector grew an estimated 24 percent in the current financial year and job creation may continue in the near future.

No plans to reduce workforce: Ranbaxy

Last Updated: Wednesday, October 2, 2013, 15:11

Pharmaceuticals major Ranbaxy Laboratories Wednesday said it has no plans to reduce its workforce and is focusing on improving performance and productivity.

Indian pharma draws more scrutiny as US exports rise

Last Updated: Sunday, September 15, 2013, 08:59

India's drugmakers, battered by a rash of US regulatory rebukes including a record fine for Ranbaxy Laboratories, face closer FDA scrutiny as the agency ramps up its presence in the country.

FIPB to take up 32 foreign investment proposals today

Last Updated: Tuesday, August 27, 2013, 09:02

Six pharmaceutical sector proposals, in addition to 26 others, will come up for approval before the Foreign Investment Promotion Board (FIPB) on Tuesday.

Govt to soon finalise FDI policy on pharma sector

Last Updated: Monday, August 12, 2013, 22:08

Finance Minister P Chidambaram on Monday said the government will soon finalise the foreign investment policy on brownfield pharmaceutical projects, paving the way for clearance of held-up proposals.

FIPB clears 6 pharma proposals worth Rs 855 cr

Last Updated: Monday, July 29, 2013, 23:18

The Foreign Investment Promotion Board (FIPB) Monday cleared six proposals envisaging investments of Rs 855 crore in the pharmaceutical sector, including one by Fresenius Kabi.