Pharma export body suspends Marion Biotech for no reply on syrup deaths

The Pharmaceuticals Export Promotion Council of India, a body under the ministry of commerce, on Friday suspended the membership of Marion Biotech after the company failed to reply to it on the......

Govt cuts customs duty on 3 cancer drugs

The government on Tuesday proposed to fully exempt three cancer medicines from customs duties. The government proposes to cut customs duties on Trastuzumab Deruxtecan, Osimertinib and Durvalumab......

'Follow zero tolerance': Health minister on cough syrup deaths

Asserting that India follows a zero-tolerance policy on spurious medicines, Union health minister Mansukh Mandaviya has said 71 companies have been issued show-cause notices following concerns......

Pharma co mired in syrup deaths shuts production at Noida unit

All manufacturing activities at Marion Biotech's Noida unit have been stopped in view of reports of contamination of its cough syrup, Dok-1 Max, Union Health Minister Mansukh Mandaviya said on......

Rs 24.69 lakh cr of investors' wealth wiped out in 4 days

Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Illustration: Dominic Xavier/Rediff.com Spike in global crude prices,......

Spike in crude oil price, FII outflows spook markets

Equity benchmark Sensex cracked over 1,000 points to dive below the 77,000 level on Monday, tracking heavy selling in global equities and a spike in international crude prices. Illustration:......

Sensex, Nifty surge nearly 2% on buying in financial, IT stocks

Benchmark Sensex rallied 1,436 points to close at a two-week high on Thursday on buying in financial, auto and IT shares. Photograph: PTI Photo from the Rediff Archives The 30-share BSE benchmark......

Siemens stock drops rapidly as management flags growth challenges ahead

Siemens’s share price has lost ground in the past few sessions following weak management commentary. Photograph: Evgenia Novozhenina/Reuters The management indicated challenges to the......