BSE Sensex http://www.globalpost.com/taxonomy/term/26470/all en Record exports lift UK car production in 2012 http://www.globalpost.com/dispatch/news/thomson-reuters/130117/record-exports-lift-uk-car-production-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 17 (Reuters) - Record exports last year lifted British car production to its highest level since 2007, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday.</p> <p>The largely foreign-owned car industry has been one of the few bright spots in the British economy, which needs all the help it can get to avoid a third period of contraction since the 2008 financial crisis.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/record-exports-lift-uk-car-production-2012" target="_blank">read more</a></p> BSE Sensex Tata Motors Transport Thomson Reuters Thu, 17 Jan 2013 12:30:30 +0000 Thomson Reuters 5735544 at http://www.globalpost.com Bharti Airtel to buy Alcatel-Lucent stake in India tie-up http://www.globalpost.com/dispatch/news/afp/130205/bharti-airtel-buy-alcatel-lucent-stake-india-tie <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Bharti Airtel, India's biggest mobile phone firm, said Tuesday it will buyout Alcatel-Lucent's stake in a joint venture which manages Bharti's fixed-line and broadband networks in the country.</p> <p>Bharti Airtel and the local unit of telecoms equipment maker Alcatel-Lucent had formed the 26:74 joint venture, Alcatel-Lucent Managed Network Service India, in 2009.</p> <p>The five-year network contract, which was worth about $500 million, ends in April 2014.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/bharti-airtel-buy-alcatel-lucent-stake-india-tie" target="_blank">read more</a></p> Bharti Airtel Bharti Airtel BSE Sensex Technology Vodafone AFP Tue, 05 Feb 2013 11:31:10 +0000 Agence France-Presse 5746237 at http://www.globalpost.com India's Reliance awards $1 bn contract to Ericsson http://www.globalpost.com/dispatch/news/afp/130211/indias-reliance-awards-1-bn-contract-ericsson <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Indian mobile phone firm Reliance Communications (RCom) on Monday announced it has awarded a $1-billion, eight-year contract to Swedish telecom equipment-maker Ericsson to run some of its networks.</p> <p>Ericsson will manage the daily operations of RCom's wireline and wireless networks in northern and western India, the companies said in a joint statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/indias-reliance-awards-1-bn-contract-ericsson" target="_blank">read more</a></p> BSE Sensex Business Economy of India Labor Law Mobile phone companies of India AFP Mon, 11 Feb 2013 12:00:43 +0000 Agence France-Presse 5752548 at http://www.globalpost.com India's oil explorer ONGC quarterly net profit falls 17.5% http://www.globalpost.com/dispatch/news/afp/130211/indias-oil-explorer-ongc-quarterly-net-profit-falls-175 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>State-run Oil and Natural Gas Corp (ONGC), India's biggest energy explorer, reported on Monday third-quarter net profit fell 17.5 percent as earnings suffered from subsidies given to fuel retailers.</p> <p>Net profit for the October to December quarter slid to 55.63 billion rupees ($1.03 million) from 67.41 billion rupees in the same period a year earlier, the company said in a statement.</p> <p>Under government rules, ONGC must sell discounted fuel to state-run refineries which in turn provide diesel, petrol and other fuel products at cheaper rates to the public.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/indias-oil-explorer-ongc-quarterly-net-profit-falls-175" target="_blank">read more</a></p> BSE Sensex Economy of India Entertainment Oil and Natural Gas Corporation AFP Mon, 11 Feb 2013 16:31:01 +0000 Agence France-Presse 5752832 at http://www.globalpost.com India IT exports picking up steam http://www.globalpost.com/dispatch/news/afp/130212/india-it-exports-picking-steam <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Exports by India's flagship IT outsourcing industry are set to grow by 12 to 14 percent in the next financial year, an industry group said on Tuesday, suggesting signs of recovery.</p> <p>Higher global spending on information technology and opportunities stemming from the adoption of new technologies are likely to propel the growth, Nasscom President Som Mittal told reporters.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130212/india-it-exports-picking-steam" target="_blank">read more</a></p> BSE Sensex Business Economy of India Labor Social Issues Software companies of India Technology AFP Tue, 12 Feb 2013 16:45:06 +0000 Agence France-Presse 5753668 at http://www.globalpost.com BP, Reliance plan $5 bn investment to develop India gasfield http://www.globalpost.com/dispatch/news/afp/130219/bp-reliance-plan-5-bn-investment-develop-india-gasfield <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Britain's BP and India's Reliance Industries said Tuesday they plan to invest more than $5 billion to develop India's largest natural gasfield in the Bay of Bengal over the next few years.</p> <p>"This plan, when implemented, would entail a potential total investment in excess of $5 billion over the next three to five years," the two companies said in a statement, referring to the KG-D6 gasfield.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/bp-reliance-plan-5-bn-investment-develop-india-gasfield" target="_blank">read more</a></p> BSE Sensex Economy of India Maharashtra USD AFP Tue, 19 Feb 2013 13:31:34 +0000 Agence France-Presse 5759915 at http://www.globalpost.com BP, Reliance plan $5 investment to develop India gas field http://www.globalpost.com/dispatch/news/afp/130219/bp-reliance-plan-5-investment-develop-india-gas-field <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>BP Plc and Reliance Industries Ltd Tuesday announced plans to invest over $5 billion to reverse a decline in output from India's biggest natural gas reservoir in the Bay of Bengal.</p> <p>The energy partners, who tied up two years ago, said they would jointly invest in a string of projects to develop four trillion cubic feet of gas resources from the D6 block in the Krishna-Godavari basin to supply energy-hungry India.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/bp-reliance-plan-5-investment-develop-india-gas-field" target="_blank">read more</a></p> BP Plc BSE Sensex Economy of India Maharashtra Technology AFP Tue, 19 Feb 2013 14:45:56 +0000 Agence France-Presse 5759977 at http://www.globalpost.com BP, Reliance plan $5 bn investment for India gas field http://www.globalpost.com/dispatch/news/afp/130219/bp-reliance-plan-5-bn-investment-india-gas-field <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>BP Plc and Reliance Industries Ltd Tuesday announced plans to invest over $5 billion to reverse a decline in output from India's biggest natural gas reservoir in the Bay of Bengal.</p> <p>The energy partners, who tied up two years ago, said they would jointly invest in a string of projects to develop four trillion cubic feet of gas resources from the D6 block in the Krishna-Godavari basin to supply energy-hungry India.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/bp-reliance-plan-5-bn-investment-india-gas-field" target="_blank">read more</a></p> BP Plc BSE Sensex Economy of India Maharashtra Technology AFP Tue, 19 Feb 2013 16:01:55 +0000 Agence France-Presse 5760078 at http://www.globalpost.com India's Ranbaxy surprises with quarterly loss http://www.globalpost.com/dispatch/news/afp/130226/indias-ranbaxy-surprises-quarterly-loss <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>India's largest drug firm Ranbaxy reported Tuesday a sharp narrowing of its quarterly net loss but missed analyst forecasts for a profit after it was hit by product recall charges.</p> <p>The generics drug maker, majority-owned by Japan's Daiichi Sankyo, posted a net loss of 4.92 billion rupees ($91 million) for the three months to December, down from a loss of 29.83 billion rupees a year earlier.</p> <p>But analysts had expected Ranbaxy to be in the black for the fourth quarter and report a net profit of around 2.2 billion rupees, according to a poll by Dow Jones Newswires.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/indias-ranbaxy-surprises-quarterly-loss" target="_blank">read more</a></p> BSE Sensex Daiichi Sankyo Entertainment Ranbaxy Laboratories Ranbaxy Laboratories AFP Tue, 26 Feb 2013 16:16:11 +0000 Agence France-Presse 5767366 at http://www.globalpost.com India bids for Mozambique oil and gas field stake: report http://www.globalpost.com/dispatch/news/afp/130315/india-bids-mozambique-oil-and-gas-field-stake-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>State-run energy giant ONGC and Oil India have made a joint bid for a 20 percent stake in a Mozambique oil and gas field operated by US-based Anadarko Petroleum Corp, a report said on Friday.</p> <p>ONGC's wholly owned unit, ONGC Videsh Ltd., and Oil India have bid for shares being sold by Anadarko and India's Videocon Industries, Dow Jones Newswires said.</p> <p>The report, quoting an unidentified person with direct knowledge of the bid, comes as the energy-hungry South Asian nation expresses interest in purchasing hydrocarbon assets abroad.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130315/india-bids-mozambique-oil-and-gas-field-stake-report" target="_blank">read more</a></p> BSE Sensex Economy of India Oil and Natural Gas Corporation AFP Fri, 15 Mar 2013 15:45:25 +0000 Agence France-Presse 5784597 at http://www.globalpost.com India bank suspends employees in money laundering probe http://www.globalpost.com/dispatch/news/afp/130317/india-bank-suspends-employees-money-laundering-probe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Leading Indian private bank HDFC has suspended 20 employees in a probe into possible money laundering, a source at the bank told AFP on Sunday.</p> <p>The bank acted after online news outlet CobraPost ran a sting last week, with one of its reporters posing as a customer and seeking advice on investing up to $2.8 million with three top private banks, HDFC, ICICI and Axis.</p> <p>The news outlet said the reporter used a hidden camera to record dozens of conversations with bank employees, which it then posted on its website.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130317/india-bank-suspends-employees-money-laundering-probe" target="_blank">read more</a></p> bank BSE Sensex Business Economy of India Labor Law Maharashtra Technology AFP Sun, 17 Mar 2013 09:31:35 +0000 Agence France-Presse 5785866 at http://www.globalpost.com Novartis loses landmark India cancer drug patent case http://www.globalpost.com/dispatch/news/thomson-reuters/130401/indias-top-court-dismisses-novartis-petition-glivec-patent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Kaustubh Kulkarni and Suchitra Mohanty</p> <p>MUMBAI/NEW DELHI (Reuters) - India's top court dismissed Swiss drug maker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130401/indias-top-court-dismisses-novartis-petition-glivec-patent" target="_blank">read more</a></p> BSE Sensex Business Cipla Health Hospitality Imatinib Indian Patent Office Labor Law Novartis Patent law Patent offices Pharmaceutical industry Pharmaceutical sciences Politics Social Issues Technology Thomson Reuters Mon, 01 Apr 2013 06:00:03 +0000 Thomson Reuters 5798404 at http://www.globalpost.com Novartis shares hit one-year low after patent ruling http://www.globalpost.com/dispatch/news/afp/130401/novartis-shares-hit-one-year-low-after-patent-ruling <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in Novartis' Indian unit plunged to a 14-month low on Monday, while rivals climbed after the Supreme Court rejected the Swiss firm's patent bid for a cancer drug.</p> <p>Novartis fought for seven years to gain patent protection for an updated version of its blockbuster drug Glivec, but activists say the court's rejection will protect access to cheap generic versions in developing nations.</p> <p>Novartis shares slumped 6.8 percent to 558.10 rupees at the Bombay Stock Exchange -- its lowest since January last year -- after the ruling, before recovering marginally to 572.95 rupees.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130401/novartis-shares-hit-one-year-low-after-patent-ruling" target="_blank">read more</a></p> BSE Sensex Business Economy of India Hospitality Law Pharmaceutical sciences Politics AFP Mon, 01 Apr 2013 09:30:47 +0000 Agence France-Presse 5798484 at http://www.globalpost.com Novartis loses landmark India patent case on Glivec http://www.globalpost.com/dispatch/news/asianet/130403/novartis-loses-landmark-india-patent-case-glivec <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics.</p><P>The decision sets a benchmark for intellectual property cases in India, where many patented drugs are unaffordable for most of its 1.2 billion people, and does not bode well for foreign firms engaged in ongoing disputes in India, including Pfizer Inc and Roche Holding AG, analysts said.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130403/novartis-loses-landmark-india-patent-case-glivec" target="_blank">read more</a></p> BSE Sensex Business Health Hospitality Imatinib Labor Law Novartis Politics Social Issues Technology Asianet Wed, 03 Apr 2013 15:50:15 +0000 Asianet 5800483 at http://www.globalpost.com Novartis loses landmark India cancer drug patent case http://www.globalpost.com/dispatch/news/asianet/130403/novartis-loses-landmark-india-cancer-drug-patent-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics, APA reports quoting Reuters.</p><P>The decision sets a benchmark for intellectual property cases in India, where many patented drugs are unaffordable for most of its 1.2 billion people, and does not bode well for foreign firms engaged in ongoing disputes in India, including Pfizer Inc and Roche Holding AG, analysts said.</p><P>It cements the role of local</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130403/novartis-loses-landmark-india-cancer-drug-patent-case" target="_blank">read more</a></p> BSE Sensex Business Health Hospitality Labor Law Novartis Patent law Politics Social Issues Technology Asianet Wed, 03 Apr 2013 17:46:20 +0000 Asianet 5800843 at http://www.globalpost.com