Cipla puts biosimilar business on backburner as part of business rationalisation

Cipla puts biosimilar business on backburner as part of business rationalisation

Drug maker Cipla said it will stop plans to manufacture biosimilar drugs in-house as part of company-wide restructuring that involves exiting non-core and low profit businesses. “We realised that manufacturing (of biotech drugs) is not important,” said Umang Vohra, Managing...
read more
Alibaba Appoints Young Li as Head of International Business

Alibaba Appoints Young Li as Head of International Business

Alibaba’s Mobile Business Group on Thursday said Young Li has been elevated as the head of International Business Department, and in his new role he will be in charge of the overseas business of UCWeb. Young has previously headed the...
read more
Business environment in India is better but not good: Michael Porter

Business environment in India is better but not good: Michael Porter

A handful of corporate titans, young entrepreneurs and researchers on Wednesday got an opportunity that even some students of Harvard Business School do not get. They got a crash course in business and economics from Michael Porter.   The business...
read more
US Central Bank Cautious On Policy Tightening, Ties Rate Hike To Of Economic Rebound

US Central Bank Cautious On Policy Tightening, Ties Rate Hike To Of Economic Rebound

Washington: Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent US economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on...
read more
Union Cabinet Scraps Decades-Old Foreign Investment Regulator

Union Cabinet Scraps Decades-Old Foreign Investment Regulator

The cabinet today put its stamp on dissolution of the Foreign Investment Promotion Board (FIPB), bringing the curtains down on the two-decade old organisation empowered to recommend clearance for foreign direct investments up to Rs. 5,000 crores. While present...
read more
Aadhaar Goof-Up: 1,000 Villagers Given Same Birth Date

Aadhaar Goof-Up: 1,000 Villagers Given Same Birth Date

Allahabad: Villagers of Kanjasa are a perplexed lot. Going by their newly acquired Aadhaar cards, some 1000 of them should be celebrating their birthday on the same day — January 1. It is, however, not a coincidence but a technical...
read more
1 2 3 19