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Thu, Mar 26 2015. 01 19 AM IST
Pharmaceuticals and financials co-exist and rule the list of top 10 stock performers among Nifty-50 stocks so far in the financial year 2014-15, backed by robust earnings growth for drug makers amid weakness in other sectors, and as improving economic prospects boost demand for the banking stocks.
Wed, Feb 18 2015. 01 11 AM IST
Adar Poonawalla, executive director and chief executive officer of Serum Institute of India Ltd and scion of the $5.2 billion farms-to-pharma Cyrus Poonawalla Group, is committed to taking forward the strong healthcare legacy that his father (chairman Cyrus Poonawala) created over a period of five decades.
Thu, Aug 07 2014. 10 06 AM IST
SunPharma acquired Ranbaxy for $3.2 billion, but now faces a major hurdle with the Competition Commission of India. The joining of two of India’s largest pharma companies could result in significant market domination, greatly affecting the prices of essential, life-saving drugs in the domestic market
Wed, Jul 16 2014. 08 30 AM IST
Top drug makers, including domestic and foreign entities in India, will see an immediate revenue loss at least Rs 1,000 crore when the country’s drug price regulator National Pharmaceutical Pricing Authority’s ordered to reduce prices new drugs that treat diabetes and heart diseases.