average method" for determining the ceiling price of all the molecules for drugs under a particular area versus the "weighted average" method cleared in September by a panel.
Cipla appointed Subhanu Saxena as Chief Executive Officer. Saxena has been with Novartis AG, where he led the Global Product Strategy and Commercialization function, a position he has held for three years.
The government will shortly clear a three-way partnership between Russia's NIS Glonass, BSNL and MTNL to deliver satellite-based navigation services in India, top officials in the telecom department said.
The government, while clearing Swedish furniture and IKEA's application to set up shop in India, has disallowed it from selling food in its planned stores and offering financing to suppliers and customers.
SpiceJet said it would issue convertible warrants to its promoter, which could fetch the budget airline nearly 2 billion rupees at the current price.
Nitesh Estates Ltd is in advanced talks with private equity firms to raise 4 billion rupees for a clutch of residential projects-the real estate firm's first big fund-raising since it listed its shares on the bourses two years ago, chairman Nitesh Shetty said in an interview.