Tag: news

Bulk drug industry needs to be strengthened’


There is a need to look at strengthening development of the bulk drug industry in India as the country offers tremendous potential in research and development, a senior government official said at the  5th India Pharma Summit.  MUMBAI: There is a need to look at strengthening development of the bulk drug industry in India as the… Read More ›

FDI in pharma doubled during April to December


The government had cleared a Rs 5,168 crore proposal of US-based pharma firm Mylan Inc’s to acquire Indian generic drugs company Agila Specialties.  NEW DELHI: Foreign direct investment in the pharma sector has more than doubled to $1.26 billion during the April-December period of 2013-14 fiscal amid concerns over increasing acquisitions of domestic firms by… Read More ›

Oil and gas retailing: Changes to pivot around individual consumer


While both policies pivot around giving a new deal to individuals & households, they change the way they look at this set of consumers: from buyers of products at subsidised prices to buyers of products at marketlinked prices.  In two policy changes, one that is currently unravelling and another that is done, resides a promise… Read More ›

Oil India: Optimism on gas prices, subsidies


These larger benefits, added to other favourable factors, outweigh near-term concerns, causing analysts to be bullish on the stock Oil India Ltd (OIL), the upstream major in the sector, has seen its stock under pressure for quite a while, with concerns on production volumes, uncertainty over subsidy burden and, recently, the government’s plan of selling its stake in… Read More ›

As rivals like IBM, Accenture, TCS, Infosys and others sulk, Cognizant rewards staff with huge bonus payouts


The target bonus payout for 2013 was more than 200% for top performers. While the payout was 150% for the second bucket, the third got 100%.  CHENNAI: On a day when the InfosysBSE 0.84 % stock took a beating after the software firm hinted at lower revenue, rival Cognizant sent out bonus letters to employees… Read More ›

Computers managing computers


Named idea Device, this Bangalore-based information technology (IT) process automation company was conceived in 2009, over a cup of coffee at a roadside stall. When a friend couldn’t turn up to meet Saju Pillai and Aaditya Sood because he had to deliver work to clients, Pillai and Sood set out on a mission to ensure “computers manage computers”. Pillai, who firmly… Read More ›

Bringing cooperatives to the online platform


GoCoop.com helps these reach customers directly but old mindsets still a challenge Nirmala, 48, provides for her family by weaving a few silk sarees monthly. But she found it difficult to scout for buyers. That was before a cooperative society in a neighbouring village agreed to buy four sarees from her every month, at a… Read More ›

Educated farmers in Punjab venture into dairy farming


Worried over diminishing returns from small holdings in the state, young and educated farmers in Punjab with an entrepreneurial streak are venturing into commercial dairy farming. The farmers say that a commercial dairy farm gives them high returns compared with conventional agriculture on small land-holdings, which is proving unsustainable. There are about 6,000 progressive dairy farmers in Punjab and the… Read More ›

PE flows to small and medium units fall 3%


The information technology and IT/ITeS sector continued to attract investors, and industry experts attribute this to the IT/ITeS sector’s ability to innovate, which other sectors lack Private equity (PE) investors’ interest in the country’s micro, small and medium enterprises (MSME) sector gained momentum in 2013 in terms of the number of deals reported, which increased by… Read More ›

Agro-processing micro, small and medium enterprises lead in northern states


CRISIL has analysed the growth of 3,850 micro, small, and medium enterprises (MSMEs) across India, rated by it between 2010-11 and 2012-13 (refers to the financial year April 1 to March 31). The analysis reveals that the sales of these CRISIL-rated MSMEs grew at a compound annual growth rate (CAGR) of 22.53 per cent during… Read More ›