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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
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The company had in May announced that the US Food and Drug Administration had issued an import alert on its Waluj facility, which makes injectables and solid dosages.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
China had been trying hard to enter the Indian market, without opening its own to Indian products. There is an economic crisis in India-China relations that the Chennai Connect barely scratched the surface, points out Srikanth Kondapalli.
'People are already sending congratulatory messages. But I have said, "Please don't until the trials are over".'
The Indian Pharmaceutical Alliance has approached regulator for a dialogue to understand the concern raised by it
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
The watchdog says there were lapses in the tests
India has asked Indonesia to remove barriers on import of pharma products, in a bid to boost trade ties between the two countries.
The chances of the posts opening remain slim, with security agencies recently identifying 10 suspects who smuggled in weapons, narcotics and fake currency.
Maggi has also come on the radar of US Food and Drug Administration.
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The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
The Supreme Court had rejected the company's plea for a patent on cancer drug Glivec in April.
"A Maputo morning, an African dawn! PM @narendramodi arrives in Mozambique for the first leg of his visit," Ministry of External Affairs spokesperson Vikas Swarup tweeted on Modi's arrival in Mozambique's capital Maputo.
And when an inspector asked about the contents of unlabelled vials in the laboratory glassware washing area, a plant worker dumped them down a sink and said the contents could not be determined, according to a July 18 letter from the US Food and Drug Administration to Wockhardt, which makes sterile injectable drugs and various forms of insulin.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
India has a huge trade surplus with US - over $20 billion a year in the past five years.
Gains were led by index heavyweights with Reliance Industries contributing the most.
The death toll in the US due to coronavirus on Sunday crossed 9,500, which is three times more than the number of people who died in the 9/11 terrorist attacks.
In a surprise announcement in April, Sun and Ranbaxy -- at that time owned by Japan's Daiichi -- declared an all-stock deal to create India's largest and world's fifth-largest drugmaker in an over $4 billion deal.
The United States 'is leading the world in the use of compulsory licenses, and is hypocritical in voicing indignance when developing countries issue compulsory licenses for essential drugs,' Washington-based Knowledge Ecology International, with its offices in Geneva, has alleged.
Ministerial consultations on, with recognition of the potential, and the need to not classify it under the same rules as for pharmaceuticals.
The Maharashtra Food and Drug Administration has directed Parle Exports, manufacturers of Bisleri bottled water, not to release the product in the market till further orders.
Chairing the 19th meeting of the Group of Ministers (GoM) on COVID-19 through video-conference on Friday, Vardhan said India has achieved the milestone of more than 10 lakh recoveries, a recovery rate to 64.54 per cent.
Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue
South-east Asian countries are emerging as preferable destination for India's pharma companies to expand their business as they share similar patient population and disease profile and moreover, have a conducive environment for their operations like easy market approach without any regulatory uncertainty, the survey of Indian pharma firms highlighted.
'Modi forgot to ask Trump for anything that India may need -- and there is so much shortfall all around!', states Ambassador M K Bhadrakumar.
Credit Suisse analysts cut their rating on Sun Pharma stock to 'neutral' from 'outperform
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
The rap from both the US and UK drug regulators, including the latest one from the latter, has hit the scrip.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
'Only when China treats India as an equal can we consider them real friends.'
'The prime minister did not think that COVID-19 was a serious challenge as late as March 20.'
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
US-India Business Council President Nisha Biswal believes once the economic activity and demand resumes, India could hold the potential for diversification of supply chains and manufacturing.
Patanjali's packet milk to be lower than competitor brands by Rs 2 a litre
