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The firm, which sells vaccines in 150 countries, plans to increase its market share to 10-15 per cent globally.

Serum Institute opens Rs 3,000 crore lab in Pune

Poonawalla Group Chairman Cyrus Poonawalla said the company was developing monoclonal antibodies for the dreaded dengue...

10 Sept 2019 1:39 AM IST

The Securities Appellate Tribunal (SAT) on Monday struck down the Sebi order banning auditor Price Waterhouse, an arm of PwC India, for two years for its role in the Rs 7,800-crore Satyam fraud case.

SAT says Sebi has no power to ban auditor

The Sebi had in January 2018 barred PwC from auditing listed companies in India. It alleged that PwC had colluded with...

10 Sept 2019 12:54 AM IST

The gems and jewellery sector has always been heavily dominated by MSMEs. However, these small and medium-sized players are finding it difficult now to cope up with the challenges in the industry.

Polarisation in G&J market; big wins, small loses

Further, companies have to be flexible and large enough to identify and explore newer markets when the traditional...

10 Sept 2019 12:51 AM IST

On Monday Hinduja Group flagship Ashok Leyland, Indias third biggest commercial vehicle maker, said it will observe a total of 59 non-working days in five plants this month.

Ashok Leyland declares 59 non-working days this month

Tata Motors and Mahindra & Mahindra have also said they are suspending automobile manufacturing in order to adjust...

10 Sept 2019 12:47 AM IST

The top 10 carmakers who produce 97 per cent of the total domestic sales clocked a 24 per cent growth in domestic volumes in February. (Representational image)

Car sales plummet to all-time low in August

Car sales in the local market were down 41.09 per cent to 1,15,957 units as against 1,96,847 units in August 2018.

10 Sept 2019 12:44 AM IST

The app is one part of a multi-billion dollar drive by Alibaba to extend its dominance of online shopping into physical stores.

Alibaba's UCWeb plans foray into e-commerce in India this fiscal

UCWeb also have plans to start the sale of movie tickets online.

9 Sept 2019 5:05 PM IST

Flipkart on Tuesday said it has completed the merger with eBay Indias operations.

Flipkart onboards 27,000 kirana shops to strengthen last mile delivery

Flipkart already has a large supply chain network, currently delivering over one million shipments everyday.

9 Sept 2019 4:47 PM IST

Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent. (Photo: File)

Sensex surges 164 points, Nifty closes above 11,000

The Nifty50 index reclaimed the crucial 11,000 level to settle at 11,003.05, up 57 points or 0.52 per cent.

9 Sept 2019 4:02 PM IST

Seized gold biscuits. (Photo: ANI)

Gold prices drop Rs 300; silver tumbles Rs 1,400

Gold is trading at Rs 39,225 per 10 gram at the bullion market here, in absence of demand and a stronger rupee.

9 Sept 2019 3:29 PM IST

Prakash Javadekar (Photo: G.N. Jha)

India halfway through its 175 GW renewable energy goal: Javadekar

India currently has an installed renewable energy capacity of around 80 gigawatts.

9 Sept 2019 2:43 PM IST

CCI gives nod to Amazon's 0.51 pc equity share acquisition of Quess...

The proposed transaction involves the acquisition of a minority non-controlling investment by the acquirer.

9 Sept 2019 1:46 PM IST

The oil giant said it plans to sell 1.5 per cent of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals.

Aramco likely to give IPO roles to Citi, Goldman, HSBC: source

Aramco is preparing to sell up to a 5 per cent stake by 2020-2021.

9 Sept 2019 12:13 PM IST