Search Results for: Pharmaceuticals

World Bank bars several Indian companies, individuals over charges of corruption

The bank said that the report is the result of efforts by the Integrity Vice Presidency (INT), the Office of Suspension and Debarment (OSD) and the Sanctions Board.

Oct 4, 2018

Commerce Minister Suresh Prabhu to chair inter-ministerial meet on rupee, trade deficit

The meeting will deliberate upon ways to address India's trade deficit in goods and pressure on the rupee, the official added. Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting.

Oct 3, 2018

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Post-2014, India 'richer' by 601 new billionaires; Mukesh Ambani on top

Among women, there was only one self-made billionaire in 2013, which increased to 11 in 2018. Women multi-billionaires shot up from just five in 2013 to 136 this year.

Sep 25, 2018

India inks 3 MoUs with Malta to bolster cooperation in maritime and tourism

Vice President Venkaiah Naidu held comprehensive discussions with the President of Malta Marie-Louise Coleiro Preca on ways to bolster bilateral relations.

Sep 17, 2018

India, Serbia join hands to expand trade and combat terrorism

This year, India and Serbia are celebrating the 70th anniversary of the establishment of diplomatic relations between them.

Sep 15, 2018

Online pharma players concerned over the 'overlapping' powers of states in draft policy

India's pharmaceutical sector is valued at $33 billion in 2017. Moreover, it is likely to grow at a Compound Annual Growth Rate (CAGR) of 22.4% over 2015–20 to reach $55 billion.

Sep 12, 2018

President Xi Jinping warns Taiwan: attempts to split China doomed to fail

China's Xi offers $60 billion aid; move to curb Indian presence in Africa

India has a strong presence in the continent with around 140 Indian companies having invested close to $4 billion in South Africa.

Sep 4, 2018

US finalises next China tariff list targeting $16 billion in imports

The latest $16 billion list will hit semiconductors from China, even though many of the basic chips in these products originate from the United States, Taiwan or South Korea.

Aug 8, 2018

Viagra: Pfizer set to lose patent-protected monopoly in US; 7 Indian firms readying clones

When the Indian firms start selling the pill in the US, prices are expected to fall by a staggering 99 percent. While each pill of Viagra costs $65 (Rs 4,450) in the US, its Indian clones sell for as little as Rs 32 per tablet in India.

Aug 7, 2018

Drug-makers to take a hit? Govt may ban 343 'irrational' medicines

The Chandrakant Kokate committee found out that these drugs are irrational and pose health risks, post which the ministry of health and family welfare banned 349 FDCs.

Jul 26, 2018

Amazon plans to foray into pharmacy space; in talks to buy MedPlus

Amazon is reportedly looking at potential acquisitions in the space to start its pharmacy business. Amazon and Flipkart had held talks with 1mg and PharmEasy in May.

Jul 17, 2018

Drug regulator cancels licence of Novartis' painkiller diclofenac over safety concerns

The watchdog directed Dehradun, Uttarakhand and Daman and Diu's drug license authority to cancel the license of Themis Medicare.

Jul 13, 2018

With US trade under a cloud, China opens market to Indian companies

China is considering opening up several markets, predominantly the pharmaceutical market to Indian companies as US trade war leaves the country's medical industry in trouble.

Jul 12, 2018

Pfizer puts drug price hikes on hold after Trump warning

The pharmaceutical company was due to increase the price of several products but has deferred the plan to 2019 after Donald Trump threatened them with unspecified measures.

Jul 11, 2018

FDA approves cannabis-based medicine for sale

FDA approves first cannabis-based epilepsy medicine for sale

A medication that treats two rare and devastating forms of epilepsy which contains cannabis has been approved for sale in the US.

Jun 26, 2018

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