NPPA hikes ceiling prices of 21 formulations by 50%
Most of these drugs are used as first line of treatment and are crucial to the public health program of the country. Many companies have applied for discontinuation of the product on account of unviability.
RBI Central Board discusses functioning of co-operative banks
The Central Board headed by RBI Governor Shaktikanta Das also discussed the current economic situation, as well as the domestic and global challenges facing the country, the central bank said in a release.
Wall Street flat with all eyes on China news briefing
Wall Street opened lower after President Donald Trump said a report about a trade deal with China was completely wrong, dashing hopes that the two sides would arrive at an agreement in time to avoid new tariffs scheduled for Sunday.
Forex reserves soar $2.3 bn to touch all-time high of $453 bn
In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by $1.891 billion to $421.258 billion, according to the data.
CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat
The transaction involves acquisition of 16.01 per cent paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99 per cent by Honey Wheat Investment Ltd, the CCI said in two separate statements.
After the crisis at diversified ILFS came to light last year, the ministry had superseded its board and since then various measures have been taken to address the issues as well as repay outstanding dues of the group.
I-T Dept issues tax refunds of Rs 1.57 lakh cr till November: Revenue Secy
At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.
Oil hits three-month high as trade hopes, UK election lift sentiment
US sources said on December 13 that Washington has set its terms for a trade deal with Beijing, offering to suspend some tariffs on goods and cut others in exchange for Chinese purchases of more American farm goods.
NHFC crisis poses more bad loan risks for banks: Report
The spillover of stress among NBFCs to borrowers, and ultimately to banks, will hinder improvements in banks#39; asset quality, profitability and capital, which is credit negative, says a report by Moody#39;s on Friday.
IFIN statutory audit: NFRA says Deloitte Haskins failed to comply with auditing standards
Issuing its first Audit Quality Review (AQR) report, the watchdog has concluded that quality control system and processes of Deloitte Haskins and Sells LLP (DHS) are «severely inadequate and ineffective», according to an official release.