After facing harsh criticism over drug manufacturing quality in the recent past, government is now set to draft a new set of guidelines to regulate drug quality in India.
Chennai-based research organisation, Quest Life Sciences, which has been hit by a World Health Organisation (WHO) notice citing deviations from good clinical and laboratory practices, on Tuesday said it was willing to conduct the clinical study once again to the satisfaction of the international regulator.
Another clinical research organisation, Quest Life Sciences of Chennai, is in trouble over defective trials work, according to a warning issued by the World Health Organization.
Gold prices on Tuesday fell by Rs 70 to Rs 26,500 per ten grams at the bullion market, snapping a two-day run due to slackened demand at prevailing levels amid a weak global trend.
Global oil prices rallied on Tuesday after one of their biggest selloffs this year, but looked vulnerable to further falls after Chin's stock market too another hit, and Greece moved closer to exiting the eurozone.
At least three large companies in Greece, including the Mediterranean nation's largest electronic appliances chain, have paid their staff in cash after the government imposed limits on bank withdrawals last week in an attempt to ward off a potential collapse of the Greek banking system.
Nestle India has paid Rs 20 crore to Ambuja Cements for destroying Maggi noodles, which have been found to be harmful for human consumption by the food regulators in India.
BSE benchmark Sensex ended over 37 points down in a choppy trade at 28,171.69 on Tuesday, weighed down by profit-booking in blue-chips.
The rupee slipped by 6 paise at 63.46 against the US dollar due to fresh demand for the American currency from banks and importers amidst strong overseas sentiments.
Reliance Industries will offload 3.10% bringing down the stake in shareholding media and entertainment firm Network18 Media to 75%.
The Greek referendum has gone against the austerity measures imposed by creditors, putting the euro zone in a new predicament. Chances are high that Greece may exit from the euro if a new deal is not put in place quickly, to fund the country’s banks.
The proposal to consolidate state-owned banks is back on the drawing board. This will be undertaken by the public sector bank board, which will be set up in the next few months.
Already facing a government intimation to declare your assets parked abroad then do not feel lucky with the new compliance window law! This is what the Income-Tax department clarified in the detailed frequently asked questions, notified by the finance ministry on Monday.
Uber, the app-based taxi hailing service expanded to seven Indian cities, making it the largest geographical market outside the US.
On Sunday, Chinese authorities arrested a man for claiming on social media that some people in Beijing jumped off buildings, bruised by a massive stock market crash.