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The previous largest deal was Lupins acquisition of Gavis Pharma and Novel Laboratories for $880 million in 2015.

Pharma to see moderate growth till FY21

The pricing pressure in the US generic market will continue to be a concern for the industry.

11 April 2019 1:09 AM IST

IIT Kharagpur had suspended whistle-blower professor Rajeev Kumar for misconduct in May 2011. (Photo: PTI/File)

IITKGP offers internship in foreign universities

The Nebraska-headquartered non-profit organization will offer upto $3000 per student towards airfare, stay and other...

11 April 2019 1:09 AM IST

The ministry of home affairs (MHA) recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs to the ministry.

PSBs to report higher losses for March quarter

According to analysts, the gross and net non-performing assets (NPAs) are likely to fall sequentially.

11 April 2019 1:06 AM IST

At every stage of the claim processing timely notifications shall be sent to policyholder or claimant.

From July, policyholders can track progress of claims

Insurers have to update claimants of processing status.

11 April 2019 1:06 AM IST

The Fixed Maturity Plan was launched around November 2015.

Kotak MF may honour only partial redemption

Kotak Mahindra AMC has written to investors that it may not be able to pay the entire redemption amount on its FMP...

11 April 2019 1:04 AM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Irdai asks insurers to share status of claims with policyholders from...

Insurers need to adopt a clear and transparent communication policy to protect the interest of policyholders.

10 April 2019 3:16 PM IST

Researchers exposed frog embryos and samples of mammalian neural crest cells to saline infused with e-cigarette vapour. (Photo: Pixabay)

India trade ministry says no legal basis to ban e-cigarette imports:...

India's USD 12 bn cigarette market is dominated by companies such as ITC, Godfrey Phillips.

10 April 2019 2:24 PM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Steel, coking coal price trend diverges

Large global coking coal miners are achieving Ebitda ranging from $70-100/MT.

10 April 2019 1:34 AM IST

Iron year exports have been coming down for the past three years and in FY19 it has hit a three-year low.

Iron ore exports decline 57 per cent

Indian iron ore export volumes declined significantly by 57 per cent to 6.81 million tonnes in FY19 from 15.65 million...

10 April 2019 1:33 AM IST

Free movement would continue during the transition period.

Brexit-hit firms may find solace in transition period

The transition period would also allow more time for the details of the new relationship to be fully hammered out.

10 April 2019 1:31 AM IST

Liquidity too has remained tight, thereby preventing them from reducing deposit rates.

Banks go thrifty with rate cut again; it's 5 bps from SBI

The revised one-year MCLR stands at 8.50 per cent, down from 8.55 per cent earlier.

10 April 2019 1:31 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

DTAA modelled on OECD: Mauritius

India had amended DTAA with Mauritius and Singapore in 2016 levying capital gains tax on investments routed through...

10 April 2019 1:27 AM IST