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Sun Pharma arm opts for rights issue to conduct clinical trials in US
In the first initiative of its kind, Sun Pharma Advanced Research Company (SPARC) will issue additional shares to its existing shareholders to raise funds to conduct clinical trials in the world’s biggest pharma market, the US. SPARC, a publicly-listed company, is a hived-off entity of drug maker Sun Pharmaceuticals. The proceeds from the Rs 200-cr rights issue will go towards safety and efficacy

Will appointment of auditors by regulators enhance independence?

Independence of statutory auditors has received attention of researchers and regulators for ages because independence is the cornerstone of statutory audit. Stakeholders rely on auditor’s

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Abu Dhabi airport Middle East's second best: Survey
/WAM) The Abu Dhabi International Airport has been ranked the second best service provider in the Middle East by the Annual Airports Council International (ACI).

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Bhopal victims burn IOC prez in effigy
Bhopal, Feb 19 (IBNS) Five organizations of the survivors of the 1984 Union Carbide disaster in Bhopal on Sunday burnt an effigy of Jacques Rogge, president of the International Olympics Committee to protest the apex body's recent declaration that Dow Chemical could not be held responsible for the lingering liabilities in Bhopal.

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Money fund assets fall to $2.659 trillion
Total U.S. money market mutual fund assets rose $2.86 billion to $2.659 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

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Danica Patrick in spotlight at Daytona
The buildup for Danica Patrick's first Daytona 500 began in earnest at Thursday's annual media day, where auto racing's sweetheart was saddled with a full schedule of commitments.

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