The US Food and Drug Administration have put its report on its website. Some of the products of Indian medicine major, Ranbaxy do not conform to the safety standards set by the inspection agency of US. It has banned 31 drugs produced by Ranbaxy. The agency had not mentioned the name of Daiichi Sankyo, the Japanese firm which is in the process to buy the Indian medicine company in its report

Anil Ambani owned Reliance Capital has made announcement that the company envisages to pump Rs 2,000 crore in its insurance business segment in the coming three to five years.

While addressing the Annual General Meeting of Reliance Capital, Mr Anil Ambani, the company's Chairman remarked that it would spend Rs 2,000 crore in its insurance business, taking the total investment to Rs 4,000 crore over the next 3-5 fiscals.

Private sector based Reliance Capital is one of leading financial service conglomerate of the country.

According to the sources, through the proposed investment, the company's employee base would also be bolstered to about one lakh from the present 30,000

Stockholm - Swedish group Husqvarna, a leading maker of chainsaws, lawnmowers and other garden equipment, issued a profit warning Tuesday and announced it would cut 850 jobs.

The move was due to a drop in demand in North America and Europe, the group said.

"The third quarter marks the end of the gardening season, and the effect of a weak season has a strong impact on this quarter," chief executive Bengt Andersson said in a statement.

Andersson added that "we have also noted greater caution on the part of our professional customers, especially in the construction industry."

Domestic brokerage house, SMC Group, had entered into joint venture agreements (JV) with Sanlam Investments to offer wealth and asset management services.