Breaking news, views, reviews, cricket from across India

  • Biocon teams up with Swiss drugmaker Sandoz for next gen biosimilar
    on January 18, 2018 at 11:31 am

    Bangalore based Biocon and Sandoz, the generic division of Novartis pharma today announced a global partnership to develop, manufacture and commercialize multiple biosimilars in immunology and oncology for patients worldwide. Under the terms of the agreement, both companies will share responsibility for end to end development, manufacturing and global regulatory approvals for a number of products and will have a cost and profit share arrangement globally. Worldwide commercialization […]

  • Banks have only themselves to blame: RBI dy guv censures lenders for failing to spot risks
    on January 18, 2018 at 11:25 am

    Indian banks may not have priced risks correctly while giving out all large loans, suggested RBI deputy governor NS Vishwanathan while speaking at an event organized by CARE Ratings in the financial capital today. Vishwanathan said that banks unable to properly ascertain risks have a fundamental problem and they needed to improve their capabilities in risk based pricing."Once a Creditor has decided to sanction a loan to a potential debtor, the next step should be to arrive at a risk-adjusted […]

  • Global digital health venture capital funding up 42 per cent at $7.2 billion
    on January 18, 2018 at 11:22 am

    NEW DELHI: Venture capital (VC) funding, via private equity as well as corporate, jumped 42 per cent to a record USD 7.2 billion in the digital health sector globally last year through 778 deals, says a report.According to Mercom Capital Group, the sector saw USD 5.1 billion in 622 deals in 2016.The total corporate funding for Healthcare IT companies - including debt and public market financing - climbed to USD 8.2 billion in 2017, 47 per cent increase from the USD 5.6 billion raised in […]

  • China beats headwinds, fends off India's challenge for fastest-growing tag
    on January 18, 2018 at 11:03 am

    China's economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion.The official growth figures released on Thursday are welcome news for Beijing policymakers who are looking to cut debt and pollution in older industries without stunting growth in the world's second-largest economy.China's gross domestic […]

  • Trump just fired the first shot in America's trade war with China
    on January 18, 2018 at 10:47 am

    President Donald Trump said on Wednesday the United States was considering a big "fine" as part of a probe into China's alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China.In an interview with Reuters, Trump and his economic adviser Gary Cohn said China had forced U.S. companies to transfer their intellectual property to China as a cost of doing business there.The United States has started a trade […]

  • No income tax: Most thrilling idea before every Budget
    on January 18, 2018 at 8:35 am

    Ever since the NDA government came in power, there has been a buzz about abolition of personal income tax. Right from BJP MP Subramanyan Swamy to Anil Bokil of Arthkranti, many have proposed this radical move. Some, like economist Surjit Bhalla, have proposed a flat tax. Since Prime Minister Narendra Modi demonetised high-currency notes—an idea propagated by Arthkranti—many believe he could implement another Arthkranti idea too, that is abolition of income tax.There is little chance […]

  • Idea offers worth Rs 3,300 cashback on recharge of Rs 398 and above
    on January 18, 2018 at 7:27 am

    Idea Cellular, announced cash back offers worth Rs 3,300 for its customers who recharge using various online and digital platforms.On all unlimited plan recharges of Rs 398 and above, done through any online channel, Idea customers will get eight discount vouchers of Rs 50 each. Telecom operators in the last few months have come up with cashback offers on their tariff plans and even on their alliances witth smartphones to get more subscribers.Called the 'Magic Cashback', Idea's latest offer has […]

  • To fight e-crime, govt to hire experts from IITs, pvt institutes
    on January 18, 2018 at 6:27 am

    NEW DELHI: The government has decided to hire IT experts from premier public and private institutes, including IITs, to help fight new age crimes like online fraud, hacking, identity theft, dark net, trafficking, child pornography, online radicalisation and cyber-terrorism and prepare a roadmap for Indian Cyber Crime Coordination Centre, also called I4C.The IT security experts, ethical hackers, web analysts and computer programmers will devise ways of online cyber-crime reporting and […]

  • It’s not yet time to be bearish, but don’t throw caution to the wind
    on January 18, 2018 at 5:17 am

    For the first time, Sensex crossed the 35,000 mark and closed well above this psychological barrier (ie at 35,082). And this rally has rewarded equity investors handsomely. For example, equity as an asset class has delivered annualised return of 18.18 per cent in the past five years. We have used the category average performance of diversified multi cap funds for arriving at equity returns. More importantly, the rally has picked up speed in recent past and delivered a return of 33.83 per cent […]

  • Markets creates Rs 3L cr in 17 days; look who’s leading the rally
    on January 18, 2018 at 5:16 am

    It took only 17 sessions for domestic equity benchmark BSE Sensex to jump to 35,000 on January 17 from 34,000 scaled on December 26, 2017 last year. Stock investors became richer by over Rs 3 lakh crore during this period, as total market capitalisation of BSE-listed firms surged to Rs 154.78 lakh crore from Rs 151.39 lakh crore.The 30-share Sensex stayed with its record-setting spree for the second day on Thursday, scaling a new high of 35,476.70 in opening trade as banking stocks made merry […]

  • VHP's Praveen Togadia gets support from unlikely allies - Hardik Patel, Congress
    on January 16, 2018 at 12:18 pm

    Terming VHP leader Pravin Togadia's claim that he apprehended a plot to kill him in a police encounter as a "serious issue", opposition Congress in Gujarat today sought an inquiry.Congress leader Arjun Modhwadia met Togadia at a city hospital where the Vishwa Hindu Parishad leader was admitted yesterday in an unconscious state.Apart from Modhwadia, a vocal critic of the VHP's Hindutva ideology, Patidar quota agitation leader Hardik Patel also met Togadia separately.Togadia, the VHP's […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]