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Cipla launches copy of GSK's top asthma drug in Germany, Sweden
Published on Monday, September 1, 2014 6:38 PM

MUMBAI  - Cipla Ltd  has launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's  Advair, a move that will further dent sales of the British firm's top-selling product.

Cipla's drug will be marketed under the name Serrofloin in German ...

Cipla launches copy of GSK's top asthma drug in Germany, Sweden
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RBI gives 30 days to banks on loan disbursal timelines
Published on Monday, September 1, 2014 6:16 PM

MUMBAI  - The Reserve Bank of India (RBI) has asked lenders to give specific timelines on loan disbursal to ensure faster implementation of projects, while asking banks to maintain a monitoring mechanism to check any delays.

The central bank gave 30 days to banks to put this into practice, it notified on ...

RBI gives 30 days to banks on loan disbursal timelines
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Balance of payments surplus for third straight quarter
Published on Monday, September 1, 2014 5:54 PM

MUMBAI  - India's balance of payments stood at $11.2 billion during April-June, a third straight quarter of surplus, according to data from the Reserve Bank of India released on Monday, as exports picked up and gold imports slumped.

The balance of payments was a deficit of $300 million in the June qu ...

Balance of payments surplus for third straight quarter
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Hero MotoCorp August sales up 21 percent y/y
Published on Monday, September 1, 2014 5:31 PM

NEW DELHI  - Hero MotoCorp Ltd , India's largest maker of motorcycles and scooters, said on Monday August sales rose 21 percent from a year earlier to 558,609 units.

The company sold 459,996 units in August 2013.

Since its split from Japan's Honda Motor Co  in 2011, Hero has ...

Hero MotoCorp August sales up 21 percent y/y
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July infrastructure output growth slows to 3-month low of 2.7 pct
Published on Monday, September 1, 2014 5:21 PM

NEW DELHI  - India's annual infrastructure output growth slowed to a three-month low of 2.7 percent in July, government data showed on Monday, dragged down by a contraction in production of natural gas, steel, fertilisers and refinery products.

The output expanded an annual 7.3 percent in June, its f ...

July infrastructure output growth slows to 3-month low of 2.7 pct
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Brigade, Singapore's GIC to invest $248 mln in Indian property sector
Published on Monday, September 1, 2014 4:58 PM

NEW DELHI  - Indian developer Brigade Enterprises  and Singapore's sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees ($248 million) in residential real estate projects in south India, the companies said.

Brigade and GIC will invest in acquiring land and building h ...

Brigade, Singapore's GIC to invest $248 mln in Indian property sector
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Japan and India vow to boost defence ties during summit
Published on Monday, September 1, 2014 6:34 PM

By Kiyoshi Takenaka

TOKYO  - Japan and India agreed on Monday to strengthen defence ties as Asia's second and third biggest economies keep a wary eye on a rising China, with Prime Minister Narendra Modi lashing out at the "expansionism" of some nations.

Japanese Prime Minis ...

Japan and India vow to boost defence ties during summit
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Government urges court to leave some coal blocks with companies
Published on Monday, September 1, 2014 5:11 PM

NEW DELHI  - India's top government lawyer has asked the Supreme Court to leave 40 of the 218 coal blocks allocations the court declared illegal with companies that operate mines that are either producing or close to doing so.

India's highest court ruled last week that the country's decades-o ...

Government urges court to leave some coal blocks with companies
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Hyundai sales dip 8% to 48,111 units in August
Published on Monday, September 1, 2014 2:43 PM

Hyundai Motor India Ltd (HMIL) today reported 8 per cent decline in total sales at 48,111 units in August 2014. The company had sold 52,319 units in the same month a year ago, it said in a statement. In the domestic market, Hyundai sold 33,750 units last month as compared to 28,311 units in August 2013, up 19.2 per cent. During the month, Hyu ...

Hyundai sales dip 8% to 48,111 units in August
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