• SBI increases its minimum rate of lending to 9.80 per cent September 19, 2013

    The SBI on Thursday increased its minimum rate of lending to 9.80 per cent and made the loans costlier. ...
  • US FDA bans imports from Ranbaxy's Mohali plant September 16, 2013

    Mumbai: The US Food and Drug Administration has issued an import alert against drugs manufactured at Ranbaxy's Mohali plant in Punjab over quality concerns. This means Ranbaxy will not be able to ship drugs manufactured at the plant to the US until the ban is lifted. This is the third...
  • Markets open in the green; rupee opens stronger, at 67.20 vs dollar August 29, 2013

    After Wednesday's free fall, the rupee opened stronger at 67.20 versus the US dollar on Thursday. The markets also opened in the green, the Sensex opened over 190 points up and Nifty over 50 points up. ...
  • Sensex down by 340 points; hits an 11-month low August 21, 2013

    The fall in rupee had its effects on the markets erasing all the gains made on Wednesday morning. Dalal street closed trade at lowest level in almost a year. Sensex crashed on Wednesday, closing 340 points down at 17905 and the Nifty lost about 98 points by the end to...
  • Rupee weakens further, falls to 8-month low May 23, 2013

    The rupee is at its lowest level in 8 months, falling below 56 to the dollar. This is its fifth consecutive day of falling. The fall came due to a rally in the dollar as the US Federal Reserve said it might scale back its stimulus programme. ...
  • Ranbaxy fined $ 500 mn for selling adulterated drugs May 14, 2013

    New Delhi: Generic drugmaker Ranbaxy has been fined $500 million by the US government after its subsidiary pleaded guilty to sale of adulterated drugs manufactured in India. It is the largest settlement by a generic medicine maker till date. It includes $150 million in payments for a criminal fine and...