Indian Economy

Farmers take to paddy crops instead of cotton

Bhatinda/Malwa (Punjab), June 13 : Anticipating a higher minimum support price for paddy, farmers in Bhatinda in Punjab are likely to switch over to paddy cultivation in place of cotton this summer season.

The farmers said that they are expecting a rise in the minimum support price of paddy, a decision that Union Agriculture Minister Sharad Pawar is likely to take before the sowing season begins.

A similar announcement for wheat in winter led to its all time high production in the country.

Apart from the minimum support price, the farmers feel that paddy, as compared to cotton, requires less maintenance.

Experts call Ranbaxy sell off as good deal

RANBAXYMumbai, June 12 : The deal in which Ranbaxy Laboratories Ltd India’s largest pharmaceutical company was sold off to a Japanese-based Daiichi Sankyo Co. has been appreciated by experts.

ChrysCapital Managing Director Sanjiv Kaul, an ex-Ranbaxy executive and a sector analyst said, “Commercially, it is an awesome deal. However, Ranbaxy was the all-conquering Indian hero and should have been the last man standing instead of being the first to capitulate. A huge positive for Ranbaxy but a negative for Indian pharma.”

India's Sensex closes below 15,000 level

BSENew Delhi - India's benchmark Sensex stock index extended its losses Tuesday, dropping 1.17 per cent on hea

BSE closes 3.3 per cent down

BSEMumbai, June 9 : Bombay Stock Exchange (BSE) fell 3.3 per cent on Monday led lower by Reliance Industr

Cochin Shipyard launches five platform supply vessels in Kochi

Coachin ShipyardKochi, June 2 : Cochin Shipyard Ltd (CSL) today launched five Platform Su

Indian Rubber hits new highs on tight supply

Natural RubberKottayam (Kerala), May 31 : A peak rise in prices of natural rubber in India has for

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