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Generics firm Lupin , some U.S. drugmakers looking for a tax-saving deal in Europe and private equity funds are planning to bid for a range of older drugs being auctioned by GlaxoSmithKline (GSK) , five sources familiar with the matter said. GSK is looking to divest the mature products in a bid to improve its growth profile and wants to dispose of off-patent drugs marketed in North America and western ...
The rupee edged higher on the back of dollar sales by custodian banks acting on behalf of foreign funds, but broader gains were capped by greenback demand from importers. With few domestic factors at play, the rupee remains stuck in a broad range, with support from overseas investors who were net buyers of Indian shares worth $40.62 million on Monday, marking their fourth consecutive session of inflows. ...
Reserve Bank of India said on Tuesday loans for non-agricultural purposes backed by pledges of gold ornaments and jewellery had to have a loan-to-value ratio of 75 percent against the pledged items. The tenure of such loans could also not exceed 12 months, the RBI said in its statement on Tuesday. The RBI added banks would be allowed to make their own decisions on the ceiling amount for such l ...
Curbs on gold import are likely to remain in place, with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked."Each step is being continued...Efforts are being made to continue each of these steps," Jaitley said while referring to measures taken ...
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