On 1 April 2013, the Supreme Court quashed the case filed by Novartis on its Glivec product patent. Glivec is the medicine developed by Novartis based on imatinib. While Novartis claims that the judgment will hinder innovation in India, others feel that it will foster the generic medicine industry
The court is rightON THE 1ST of April, the Supreme Court of India threw out of the window, the Swiss drug maker Novartis’ attempt to win a patent protection for its landmark drug Glivec. This decision sets a benchmark not only for patenting standards but also serves as a guidance document around the world in balancing pa tent rights to that of p
The gregarious Montek Singh Ahluwalia, a key member of the team that unleashed reforms in 1991, has an uncanny ability of explaining intricate economic issues in lucid terms and has been a great asset for the UPA.
R P Goenka (RPG) was truly a takeover tycoon. When he took control, his family business had Philips Carbon Black, Asian Cables, Agarpar Jute and Murphy India; all with a combined turnover of Rs 105 crore. RPG embarked on a spree of takeovers, almost one every year between 1980 and 1992. These included CEAT, KEC, Gramophone Company of India, Harrisons Malayalam, Spencer and CESC. Thanks to these rich acquisitions, revenues rose staggeringly to Rs 10,000 crore.
The Chief minister followed that up by announcing allocation of Rs 2200 crore for setting two more plants of 150 MLD and 200 MLD capacities. So, finally, the state has woken to the needs of a city suffering from want of a perennial source for water.
The Union Government of India on 17 December 2012 lowered down the growth projection for the current financial year 2012-13 from 7.6 percent that was estimated earlier to 5.7-5.9 percent. The projection was showcased in the Mid-Year Economic Analysis. Where was this Mid-Year Economic Analysis tabled?
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IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.