USFDA recommends regulatory action after Jubilant Life’s Roorkee plant inspection

According to the FDA, Official Action Indicated means regulatory and/or administrative actions will be recommended against a facility after an inspection. Read more »

Axis Bank inducts Amitabh Chaudhry on its board

Chaudhry, 54 years, will take over from Shikha Sharma after she demits office on December 31, 2018. Read more »

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Noida airport to be built on PPP mode

The state government has also ratified the financial and administrative clearance of Rs 4,500 crore required for acquisition of 1,239.14 hectares of land at a price of Rs 2,300 per square metres. Read more »

Steel companies import more Ore despite big pileup in Karnataka

JSW Steel’s Vijayanagar plant has annual requirement of 22 mt of iron ore. It had plans to import 4 mt in the current financial year from Australia. Read more »

Tamil Nadu govt, Sterlite slug it out before NGT

Sterlite Copper was shut through a government order in May this year after people were killed by police firing after protests against the plant turned violent. Read more »

Bank fined Rs 10,000 for giving man’s account statements to his wife in Ahmedabad

Pamnani objected to bank’s action, claiming that he had not given his wife the authority to carry out any transaction. Read more »

Bugworks Research set for pre-clinical drug trials

CARB-X was formed two years ago as a public-private partnership to tackle the rising menace of antibiotic resistance. Read more »

Post-IL&FS dry patch bulldozes commercial vehicle sales in November

According to estimates, sales of medium and heavy commercial vehicles dropped more than 20% last month. Read more »

Thyssenkrupp, Tata Steel near decision on steel JV board

Andreas Goss, currently head of Thyssenkrupp's steel unit, is the front runner to become chief executive of the combined entity. Read more »