Mumbai: Tata Motors has stated that it is really a challenging situation for the Indian automobile business as it is overwhelmed with soaring interest rates and consistently high input cost, with a rising rupee value adding to the woes.

New Delhi: The research team on the flyover collapse in Hyderabad has given a clean chit to Gammon India. The report stated that heavy rains were the main reason for the collapse.

But it added that Gammon had not taken enough care, regardless of facts and skill.

Gammon India has been penalized 10% of the entire project cost.

The report told that the collapse was because of soil erosion caused by digging of trenches by the water board, for which action should be taken against the Greater Hyderabad Municipal Corporation or GHMC.

Detroit-based Caraco Pharmaceutical Laboratories Ltd. has announced that its generic drug Methimazole has been granted final approval by U.S. health. The tablet used for treatment of hyperthyroidism will be sold in 5mg and 10mg strengths by the company under brand name Northyx.