Latest Business Headlines

Sun Pharma gets USFDA approval for Generic Wellbutrin

Indian drug maker Sun Pharmaceutical Industries Ltd. announced that USFDA has granted its subsidiary an approval for its Abbreviated New Drug Application (ANDA) to market a generic version of GlaxoSmithKline’s Wellbutrin SR Extended Release tablets.
These generic Bupropion Hydrochloride Extended Release tablets are equivalent to GlaxoSmithKline’s Wellbutrin SR Extended Release tablets and includes three strengths: [...]

Published on April 8, 2010 · Category: Business

HDFC Securities opens 100th Branch

HDFC Securities, a subsidiary of HDFC Bank announced the opening of 11 full-fledged branches in Guwahati, Bharuch, Pune, Belgaum, Patna, Mumbai, Faridabad, Erode, Bhopal, Jamnagar and Mangalore. With the opening of these branches, HDFC Securities today has reached a landmark of 100 branches across India, covering all the major cities. HDFC Securities had 44 branches [...]

Published on April 8, 2010 · Category: Business

Engineers India pays highest ever dividend

Engineers India today paid a special Interim Dividend cheque of Rs. 507.65 crores to Shri Murli Deora, Minister of Petroleum & Natural Gas (MoP&NG). The cheque was presented by Shri A K Purwaha, C&MD, Engineers India Ltd. (EIL). On this occasion, Shri Jitin Prasada, Minister of State, Shri S Sundareshan, Secretary, MoP&NG, other senior officials [...]

Published on April 6, 2010 · Category: Business

Bongaigaon Refineries and Petrochemicals Limited

Bongaigaon Refinery & Petrochemicals Limited (BRPL) is an oil refining subsidiary of Indian Oil Corporation (IOC) located in Assam. BRPL has its registered office and production facilities at Dhaligaon in Chirang district of Assam. In addition to its core crude processing refinery, the company has petrochemicals and polyester staple fiber (PSF) plants. BRPL is one [...]

Published on April 3, 2010 · Category: Assam, Business

Carlos Slim is World’s Richest Person

Forbes list of World’s Richest People is out and the world has a new richest man. Microsoft founder Bill Gates has been knocked off the top by Mexican telecom magnate Carlos Slim. With $53.5 Billion net worth, Slim is the new world’s richest man. The 70-year-old Mexican is the first non-American to hold the top [...]

Published on March 11, 2010 · Category: Business

Union Budget 2010-11 : Rs.1,73,552 crore for Infrastructure

The Finance Minister, Shri Pranab Mukherjee in his Budget speech in Parliament on Friday has announced a provision of Rs.1,73,552 crore for upgrading infrastructure in both rural and urban area in India. This accounts for over 46% of the total plan allocations for infrastructure development in the country.
Emphasising on the need for accelerated development [...]

Published on February 26, 2010 · Category: Business, News

Budget brings relief to Indian Tax Payers

Tax payers in India gets some relief. In the General Budget 2010-11 presented by the Finance Minister Shri Pranab Mukherjee in the Lok Sabha on Friday, the income tax slabs for individuals have been revised. Under the new proposal, 10% tax will be levied on incomes between Rs 1,60,001 and Rs 5,00,000, 20% on incomes [...]

Published on February 26, 2010 · Category: Business, News

Survey: 43 percent US workers report to a Younger Boss

With time scenarios in workplace are changing and now more and more older workers are reporting to younger bosses. A new CareerBuilder survey found that 43 percent of workers ages 35 and older currently work for someone younger than them. The survey was conducted online within the U.S. from November 5 and November 23, 2009, [...]

Published on February 17, 2010 · Category: Business

India offers $250 million line of credit to Nepal

India on Tuesday offered $250 million line of credit to Nepal to enhance its development process. India will also supply 50 thousand tonnes of wheat and 20 thousand tonnes of rice and 10 thousand tonnes of yellow peas to the neighbor nation.
According to news sources, the offer was made during Nepalese President Ram Baran [...]

Published on February 17, 2010 · Category: Business, News

PayPal Personal Payments? to and from India Reversed

PayPal, the popular online money transfer service, have temporarily suspended "Personal Payments" to and from India. While customers can still make commercial payments to India, merchants cannot withdraw funds in Rupees to local Indian banks, as transfers to all local banks in India have also been suspended.
According to official PayPal blog, "personal payments [...]

Published on February 8, 2010 · Category: Business, News