India plans to appoint an auctioneer within the next three months for the third phase of FM radio frequency auction, a ministry official said on Wednesday.

German pharmaceutical giant Bayer AG on Tuesday said the company was mulling ways to challenge a ruling by the Patent Controller in India allowing Natco Pharma to produce and sell a cheaper version of Bayer's patented cancer drug Nexavar.
HT reports.

Whether it is hospitality, retail or the much-celebrated BPO sector, attrition and lack of employability are rising — what’s the way out for the once-shining industry?
Samar Khurshid &
Aasheesh Sharma reports.
Surveying service | Service sector attritionThe pharmaceutical sector is expected to attract more private equity in 2012 compared to 2011 as the initial public offer (IPO) market is expected to remain dry.
On average, normally the health cover people take is Rs. 1-3 lakh. For minor hospitalisation or surgery, this amount may be sufficient but what if there’s something serious? As health costs soar, you need to review your health insurance needs and cover any shortfall. Who is offering what: A rundown
India’s state-run explorer ONGC expects to spend Rs. 31,000 crore ($5.9 billion) as capital expenditure in the financial year starting April 2012, CMD Sudhir Vasudeva said.

PRS Oberoi-led East India Hotels or EIH on Monday inducted Nita Ambani, wife of India’s wealthiest man and Reliance Industries Ltd (RIL) chairman Mukesh Ambani, on the board of the hotel chain.
HT reports.
Dull consumer sentiment resulting from repeated hikes in interest rates are likely to play spoilsport for Indian companies as they unveil results for the the second quarter starting this week.
Rising input and interest costs will slow the manufacturing sector's growth in the coming quarters of fiscal 2011-12, leading industry lobbies said on Sunday.
Canadian hospitality major Four Seasons Hotels and Resorts is eyeing rapid expansion of hotel properties under its ambit in India. Vivek Sinha reports.
The Indian automobile industry reported 26.2% growth in vehicle sales during 2010-11, mainly riding on the back of robust economic growth, more focus on rural areas and new model launches.
India's local oil product sales in January rose an annual 6 %, slower than the previous month as increased power generation and late winter rains softened diesel use, official data showed on Friday.
Telecom equipments provider ZTE Telecom India, a wholly-owned subsidiary of ZTE Corporation, today said that it has appointed Cui Liangjun as the new chief executive officer (CEO).
At a time when allowing foreign players into the retail sector is being hotly debated, the government on Thursday said it would encourage investment in organised retail chains in India.
The manufacturing sector, which suffered a strong blow during the downturn that followed the global crisis, is bouncing back with vigour, with a sharp surge in the number of sectors that show dizzy growth.
HT reports.
Manufacturing buzz hots up