India's Cadila to buy South African drug company
New Delhi - Indian drugmaker Zydus Cadila on Monday announced it will acquire 70 per cent stake in South Africa's Simayla Pharmaceuticals for an undisclosed amount. It will be the second buy by Cadila, India's fourth-largest pharmaceutical company, i...
[Posted
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2008-06-09 ] Category : [
India (Business) ]
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Indian stocks tumble on weak global cues
New Delhi - India's benchmark Sensex shed 4.6 per cent in early trade on Monday following heavy selling by funds and investors amid rising crude oil prices. The 30-share-sensitive index, which had lost 5.1 per cent over last week, shed 715.50 points ...
[Posted
on :
2008-06-09 ] Category : [
India (Business) ]
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Indian states strike to protest fuel price rise
New Delhi - Three communist-ruled states in India shut down Thursday to protest the federal government's decision to hike the prices of petrol, diesel fuel and cooking gas, officials said. Left-wing partners of the ruling United Progressive Alliance ...
[Posted
on :
2008-06-05 ] Category : [
India (Business) ]
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India's Mahindra buys Italian design company
New Delhi - Mahindra & Mahindra, one of India's largest automotive conglomerates Thursday announced it has acquired Italian two-wheeler design firm Engines Engineering SpA for an undisclosed amount. M&M has signed an agreement with Engines Engineeri...
[Posted
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2008-06-05 ] Category : [
India (Business) ]
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Indian government hikes fuel prices amid fierce opposition
New Delhi - India's United Progressive Alliance (UPA) government announced a marginal hike in fuel prices on Wednesday to curtail losses of state-owned oil firms. The decision came after weeks of wrangling with political allies who said it would add ...
[Posted
on :
2008-06-04 ] Category : [
India (Business) ]
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Indian shares close sharply down on heavy selling
New Delhi - India share markets lost more than 2 per cent on Monday as fears of a hike in retail fuel prices triggered selling by Indian funds and foreign investors. Bombay Stock Exchange's 30-share Sensex index closed at 16,063.18, losing 352.39 poi...
[Posted
on :
2008-06-02 ] Category : [
India (Business) ]
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India's Sterlite to buy Asarco for 2.6 billion dollars
New Delhi - India's Sterlite Industries announced Saturday that it will purchase the operating assets of bankrupt US copper miner Asarco LLC for 2.6 billion dollars in cash, the largest purchase abroad by an Indian firm this year, news reports said. ...
[Posted
on :
2008-05-31 ] Category : [
India (Business) ]
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26 in hospital after gas leak at Tata plant in India
New Delhi - At least 26 people of the more than 100 who fell ill after a gas leak at a Tata Motors plant in eastern India remained hospitalized, officials and news reports said Wednesday. More than 100 people were admitted to hospital Tuesday after c...
[Posted
on :
2008-05-28 ] Category : [
India (Business) ]
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