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Novartis Pharmaceutical Corp. will pay $678 million to the U.S. government to resolve suit over sham doctor outings. (PTI Photo)

Novartis reaches $678 million settlement with US authorities over...

The settlement resolves a 2011 whistleblower lawsuit accusing Novartis of violating the federal False Claims Act and...

2 July 2020 12:22 PM IST

A cop surveys the scene at the Kempegowda International Airport during Bengalurus lockdown on March 21. (Photo: Satish B)

GVK group in trouble

On April 4, 2006 AAI entered into an agreement with MIAL for modernisation, upkeep, operation and maintenance of Mumbai...

2 July 2020 11:04 AM IST

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases. (AFP Photo)

Oil prices slip on demand fears as virus cases surge

The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal...

2 July 2020 10:30 AM IST

Maharashtra home minister Anil Deshmukh on Thursday said that legal action will be taken against Baba Ramdevs company Patanjali, if it sells their anti-corona drug in the state. (PTI Photo)

AYUSH ministry nod for Patanjali Coronil, but conditions apply

The Union ministry confirmed that Patanjali can sell the product but not as a cure for COVID-19

1 July 2020 4:42 PM IST

Gold prices in India hit an all-time high on Wednesday. (AFP Photo)

Gold prices hit all-time high of Rs 48,871 as virus spike lifts demand

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery...

1 July 2020 3:17 PM IST

Fujifilm to partner with Dr. Reddys to sell Avigan overseas as COVID-19 treatment. (PTI Photo)

Fujifilm partners with Dr Reddy's to sell Avigan for COVID-19...

In June, Glenmark received regulatory approval for favipiravir, generic form of Avigan, as treatment for virus...

1 July 2020 2:55 PM IST

GST collections in June at Rs 90,917 crore. (PTI Phoá¹o)

GST revenue collection for June stands at Rs 90,917 crore

Government allowed a relaxed time schedule for filing of GST returns. Returns of the month of April, March and February...

1 July 2020 2:13 PM IST

Indias factory activity contracts for third straight month in June. (AP Photo)

India's factory activity contracts for three consecutive months

Input and output prices declined for a third consecutive month in June, and manufacturers continued to cut staff

1 July 2020 11:55 AM IST

California accuses Cisco of job discrimination based on Indian employees caste. (AFP Photo)

Cisco accused of job discrimination based on Indian employee's caste

Cisco's workforce includes thousands of Indian immigrants, most of whom were born Brahmins or other high castes

1 July 2020 10:36 AM IST

ATF price hiked by 7.5 pc; petrol, diesel rates unchanged for 2nd straight day. (PTI Photo)

Jet fuel price hiked by 7.5%; petrol, diesel rates unchanged for...

Aviation turbine fuel (ATF) price was hiked by Rs 2,922.94 per kilolitre (kl), or 7.48 per cent, to Rs 41,992.81 per kl...

1 July 2020 10:07 AM IST

Carlyle to acquire about 25 pc stake in Airtels data centre business for about Rs 1,780 cr. (PTI Photo)

Carlyle to buy 25% stake in Bharti Airtel's data centre business

Nxtra is building multiple large data centres to capture the significant growth opportunities in the country

1 July 2020 9:36 AM IST

Indias consumption of coal fell 3.3% to 958 million tonnes in the year ended March 2020. (PTI Photo)

15 million tonnes by March-end: Minister on private firms' coal...

India's consumption of coal fell 3.3% to 958 million tonnes in the year ended March 2020

1 July 2020 9:18 AM IST