Shares of Ranbaxy Laboratories on Friday slumped as much as 20 per cent in the morning trade after the USFDA prohibited the company from producing and distributing drugs for the American market from its Toansa plant in Punjab.
India Inc on Thursday rallied behind the Army's move to conduct surgical strikes on terror launch pads across the Line of Control and said it was the time to act tough while ruling out any negative impact on the country's economy and trade.
The statement said that the antibody's development had been completed and that the institute was in the process of patenting the find 'and in the next stage, researchers will approach international companies to produce the antibody on a commercial scale'.
The Russian currency depreciated by 24 per cent in the past month to trade at 56.54 to the dollar at present, a sharp recovery after hitting a low of 68 in early December.
The issue is set to be discussed early next week as the commerce department meets with industry bodies to discuss the widening supply gap for key imports.
Exports in October and November fell 28 per cent and 17 per cent, respectively.
Export growth picked up mainly owing to rising global crude prices, which pushed up processed petroleum exports by nearly 40 per cent, apart from a broad-based improvement in exports of major foreign exchange earners such as engineering goods and gems and jewellery.
In the first fortnight of December, the gold imports have fallen to about 25 tonnes, from 150 tonnes during entire November
The 12th edition of EORS will be held from June 19-22. There will be a dedicated central virtual war-room for tactical problem solving across all phases of the event. Shoppers across the country will have access to over 700,000 styles from over 3,000 fashion and lifestyle brands. Myntra is expecting 3 million people to shop from the safety of their homes.
Also, the import tariff value -- the base price at which customs duty is determined to prevent under-invoicing -- in case of silver has been reduced to $644 per kg from $694 per kg earlier, a notification by the Central Board of Excise and Customs said.
Japan's next restroom revolution? Phasing out squat toilets for Tokyo 2020
The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.
India's exports dipped deeper in the negative zone.
Even Charlton Heston intervened on his behalf.
Mangoes from India are popular in the Middle East, the Far East, the United States and European countries.
Three containers with about 65 tonnes of wastes were found by Kerala Pollution Control Board officials to contain prohibited municipal wastes from New York including plastic and biodegradable substances as well as hospital wastes, sanitary pads and surgical gloves. A shocked Board has recommended to the Customs authorities that the shipments be sent back to the place of origin.
Minister of Commerce & Industry Kamal Nath on Thursday announced a package of wide ranging measures to counter the negative impact of rupee appreciation on India's exports.
Hewlett-Packard (HP) bagged the top spot, both in terms of factory revenues as well as unit shipments during the second quarter of the year, followed by IBM.
Lakhs of jobs are at stake.
Indian food inspectors find added colour, caramel and other ingredients during sampling of Scotch bottles, sold as single-ingredient products.
Oilmeal export declined in May sharply, according to data compiled by the Solvent Extractors' Association of India (SEA).
The PC assembling segment has held firm despite stiff competition from branded players.
As mangoes from Indian orchards are ready for shipment to the US, Harley Davidson will soon cruise on Indian roads with the government relaxing emission norms for the American luxury bike.
Export of coffee across the globe has witnessed a big leap in the crop year that began in October.
In a statement, the Ministry of Home Affairs (MHA) said it has issued fresh guidelines for surveillance with regard to COVID-19 that will remain in force till January 31, as it asked the states and union territories to keep a strict vigil to prevent any rise in cases during the New Year celebrations and the winter season.
Smartphone shipments stood at 16.2 million in 2012.
Global coffee exports have seen a major jump in the first six months of the current crop year.
A strong rupee is creating problems for the exporters in India. One of the victims of the rupee vagaries is the rice exporter.
Some vaccine frontrunners are in advanced stages of trial and could hit the market by early next year, making the task of securing "last mile connectivity" and ensuring that nothing goes wrong before the shot is administered more urgent.
Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India.
RBI has permitted Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank to import gold.
India, with the increases already made in the January-March loading plans from Iran, has to cut its purchases of the crude to about 110,000 barrels per day.
'As we gird ourselves for rising infections, India's harsh lockdown remains an epic tragedy,' observes Rahul Jacob.
The fall is unlikely to be offset by burgeoning demand for smart devices in emerging countries like India and China, IDC said.
Gold imports rose in December to 25 tonnes, higher than 19 tonnes in the previous month, mainly on account of wrong interpretation of the RBI's 80:20 scheme, sources said.
The deficit was $17.6 billion in April 2013.
Export sectors that showed positive growth last month included chemical, iron ore, electronics, marine products and pharmaceuticals. Decline in overall imports, including oil and gold, led to narrowing of trade deficit.
The US and Europe account for about one-third of India's exports.
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