Strides Arcolab Gets USFDA Green Signal For Polymyxin Injection

Strides Arcolab Gets USFDA Green Signal For Polymyxin InjectionStrides Arcolab has got the green signal for an anti-bacterial drug, Polymyxin Injection which is USD 8 million drugs from the US FDA.

Arun Kumar, Vice Chairman and MD, Strides Arcolab, in an interview with CNBC-TV18 revealed that the Polymyxin is very small molecule and is in deficiency list of products which only the few drug makers are supplying.

He asserted that during the current year, the company will grow by 30-35%.

Increasing Export and Import, Improving Indian Economy

Increasing Export and Import, Improving Indian EconomyIt has been revealed by the commerce ministry that the Indian export growth has increased since May 2010 by 56.93% to $25.9 billion. Because of the increased demand of the crude oil, gold and industrial machinery, the trade deficit of the country in May was widened to $14.9 billion from $10.0 billion a year earlier. The Commerce Secretary noted that in the last four years, it is the highest import figures.

Peugeot and Maruti to Set Up Plant in Gujarat

Peugeot and Maruti to Set Up Plant in GujaratA famous French car manufacturer – Peugeot is all set to set up its plants in the three states of India. For the same, a delegation of Peugeot led by Gregoire Olivier, CEO (Asia) and Fredric Faber, MD (India) held a meeting with Gujarat’s Chief Minister, Narendra Modi. It has been told that Gujarat is on the top in the priority list of Peugeot.

Vodafone to Buy Stakes in Indian Essar

Vodafone to Buy Stakes in Indian EssarIt has been revealed according to a recent report that Vodafone, the telecom giant is to pay tax for the stakes they are going to buy from Essar. The firm has declared that it shall buy stakes from Indian Vodafone Essar and pay for the stakes as well as the tax. The tax rate for the purpose is thought to be about 21%.

Indian Rupee Roles Down Further

Indian Rupee Roles Down FurtherIt was revealed according to recent developments in the stock market that the Indian Rupee was seen a tad bit lower that it had been in the past time. This has come as a result of the strong inflows of the dollar and the euro.

Not Too Good a Day for the Indian Stock Market

Not Too Good a Day for the Indian Stock MarketIn the recent developments of the stock market, it was found that the day was not too good for trading in India. The BSE ended about 87.41 points lower.

The worst performers for the day were the auto-stocks and the pharmaceuticals. There was a bit of respite in the metal stocks and the IT sector.

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