New Delhi, Oct 20 (IANS) The government on Friday said that it is considering a change in the price approval method for new medicines. The development assumes significance as the current practice causes considerable time delays in the launch of new drugs by manufacturers. "The government is in
The dollar rose on Friday, on track for its biggest daily gain in more than two weeks, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk. The dollar rose to a three-month high against the Japanese yen, at 113.46 yen, and a five-month
India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. The world's third-biggest oil importer shipped in 4.2 percent more oil last month than a year earlier and about 19 percent
U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes. Bank of America's 2 percent gain was the biggest boost to the S&P. Apple led the gains in the technology index as it rose 0.60 percent
Paris does not want Asian bike-sharing operators to burst into the city the way Airbnb and Uber did and plans to introduce regulation to ensure an orderly rollout of new bicycle schemes, a top city official told Reuters. Launched just last week, Hong Kong's Gobee.bike has already spread its bikes
Gold prices fell on Friday after the U.S. Senate approved a budget blueprint that paves the way for tax cuts, causing European stocks, the dollar and bond yields to rise as investors betting on faster economic growth bought riskier assets. The Republican-controlled Senate voted by 51-to-49 late on Thursday
Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East that have slashed supplies of crude. Brent crude was down 15 cents at $57.08 a barrel by 1230 GMT. U.S. light crude was 30 cents lower at $50.99.
U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity. The National Association of Realtors said on Friday existing home sales rose 0.7 percent to a
Procter & Gamble Co disappointed Wall Street with sales on Friday, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board and force more dramatic change at the consumer goods giant. The company has been trying to revive stagnant sales, one of the
L'Oreal, the world's biggest cosmetics company wants to see more beauty tech like sensory hair brushes that tell you how to care for your hair, and skin patches that let you know how much sun you are getting. L'Oreal makes an ever greater slice of sales online and has rolled out services
LONDON/DUBAI (Reuters) - Qatar's diplomatic crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the matter said. Saudi Arabia, the United
New Delhi, Oct 20 (IANS) The government on Friday said that it has notified new rules which mandate valuers under the Companies Act, 2013 to get registered with a specified authority. The Companies (Registered Valuers and Valuation) Rules, 2017 was issued by the the Ministry of Corporate Affairs with
Brazil has provided investors with some of the best returns in the world this year but investment funds based in Ireland have been forced to adopt new strategies to get their money's worth. Brazil blacklisted Ireland as a tax haven in September 2016 because of its low corporate tax rates, so investment
SINGAPORE/LONDON (Reuters) - The world's largest oil trader Vitol Group is nearing a deal to buy Noble Group's global oil liquids business, which analysts had valued at about $1 billion, three people familiar with the matter said on Friday. Shares of Singapore-listed Noble Group were halted
The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary. Works council chairman Frits van Wieringen said that, after viewing
General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent. The results signaled the depth of problems confronting new Chief
Mumbai, Oct 20 (IANS) India's foreign exchange (Forex) reserves kitty increased by $1.50 billion as on October 13, 2017, official data showed on Friday. The Reserve Bank of India's (RBI) weekly statistical ...
Daimler lifted the outlook for its trucks division for a second time in three months on Friday while its overall profit fell on costs related to diesel-engine updates, vehicle recalls and restructuring. Earnings before interest and taxes (EBIT) at Daimler Trucks, the group's second-largest unit
European stocks, the dollar and bond yields climbed on Friday as investors speculated that the "Trumpflation trade" could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. The vote was seen as overcoming a crucial hurdle in President Donald
The ED is in process of filing prosecution complaints against two firms, including Jindal Steel and Power.