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Rupee down 22 paise against dollar in early trade

rupee down againt dollar

The rupee lost 22 paise to trade at a fresh nine-month low of 62.25 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the greenback’s value against other currencies overseas. Dealers attributed the fall in rupee to dollar’s gains against the euro and yen overseas. However, a […]

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Ozone Pharma to sell diabetes and hypertension drugs at Rs 2 per tablet

ozone-pharma-drugs-rs-2

Aug 9, Mumbai: Ozone pharmaceuticals, owners of No-Marks skin care brand, will offer drugs for lifestyle chronic ailments such as hypertension, diabetes and high cholesterol, under a uniform pricing initiative for just Rs 2 per tablet. At present, these drugs cost between Rs 8-20 per tablet. The company is also looking at raising funds from […]

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Inflation persists: RBI keeps interest rate unchanged at 8% and SLR cut by 1%.

reserve bank of india rbi

July 31, New Delhi: The Reserve Bank of India on Tuesday kept its interest rates unchanged at 8% for the second time since June, in line with expectations, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate. However, it cut the statutory liquidity ratio(SLR) by a percentage point to 23% […]

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Apple would consider investing in Twitter.

apple-twitter-stock

July 28, San Francisco: Apple has had discussions with leaders of the micro-blogging site Twitter in recent months in order to invest, said Friday night the New York Times. The U.S. computer group would consider “an investment totaling hundreds of millions of dollars, which could enhance Twitter to over $ 10 billion,” but there would […]

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Facebook stock market plunges after featureless results

mark-zuckerberg

July 27, New York: For the first time since its stock exchange listing, Facebook has released its financial results on Thursday evening of July 26. The first social networking world has announced a net loss of $ 157 million for the second quarter, triggering a new wave of sales of the title. Based on the […]

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Aurobindo Pharma gets USFDA approval to market drug for type-II diabetes

Metformin HCL tablets aurobindo pharma

July 24, Hyderabad: Hyderabad-based drugmaker Aurobindo Pharma on Monday said that their anti-diabetic drug Metformin Hydrochloride extended release tablets USP got final approval from United States Food and Drug Administration (USFDA). The company said it was all set to launch the drug in US market soon. Metformin Hydrochloride is a generic version of Bristol Myers […]

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Maruti has no plans to shift its base from Haryana: assures chairman RC Bhargava to CM.

maruti-violence-manesar

July 24, Manesar: The Haryana state government has set up a special investigative team (SIT) to look into the violence at Maruti’s Manesar plant and has appointed leading Supreme Court lawyer K.T.S. Tulsi as a special prosecutor for the case. This was the first formal interaction between the government and the company after the violence […]

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Facebook wants to provide sponsored search results

facebook-sponsored ads

July 21, San Francisco: Always looking for new growth, Facebook increases the reflections on advertising formats. Recognizing that traditional models are far from being the most effective, the social networking giant is working on original formats. After launching sponsored news, Facebook is currently testing the sponsored search results, TechCrunch reveals. For now, the search bar […]

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Microsoft announces first quarterly loss in its history

microsoft-loss-first-ever

July 20, Washington: The IT giant Microsoft on Thursday released the first quarterly loss in its history, $ 492 million, reflecting a massive devaluation announced earlier this month that also leads to a fall of 27% of annual net income, to 16.98 billion. Excluding exceptional items, the American shows, however, earnings per share well above […]

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Government likely to review export policy of grains in August.

grain-shortage-in-monsoon

July 19, New Delhi: The Central government will review its export rules of grains and check the stock holding limits of the traders, as the grain prices in India is raised to an optimum in recent years due to bad monsoon. “I am concerned about the deficient rain,” Food Minister K.V. Thomas told reporters after […]

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