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Sensex drops 244 points on weak eco data, Fed caution

Benchmark share indices ended lower on Monday recording their highest single day fall since August 8 after sluggish July domestic industrial growth and weaker-than-expected economic data from China......

Merck eyes Indian drug biggie, brands

Germany-based Merck KGaA, the world's oldest multinational pharmaceutical company, is eyeing to acquire a prominent Indian pharmaceutical company and established drug brands. This is part of......

Glenmark may beat rivals in chemical entity sale

Glenmark Pharmaceuticals, India's 11th biggest drug maker by sales, may beat bigger rivals, including Ranbaxy, Dr Reddy's and Nicholas Piramal, in selling an original drug, or novel chemical......

'India is a growth story for us'

Germany-based pharma major Merck KGaA is targeting a five-fold increase in revenues from India over the next five years. The company, which bought biotech major Serono in 2007 to become a leading......

US crisis may hit Indian drug R&D

Stringent regulatory norms and the financial impact of the global credit crisis on some research companies may hurt half a dozen molecules of Indian companies, such as Glenmark, Nicholas Piramal......

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