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Dr Reddy’s receives FDA warning over three facilities

Dr Reddy's receives FDA warning over three facilities

Leading drugmaker Dr Reddy’s Laboratories on Friday acknowledged having received a warning letter from the US FDA relating to its three manufacturing plants in Andhra Pradesh and Telangana. Reddy’s also said it would respond with a comprehensive plan to the US Food and Drug Administration (FDA). The US regulator issued …

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Air India expected to post Rs.6 crore operating profit

Air India expected to post Rs.6 crore operating profit

National passenger carrier Air India is expected to post an operating profit of Rs.6 crore for the current fiscal, a senior civil aviation ministry official said on Friday. The operating profit or earnings before interest and tax (EBIT) is the difference between gross profits and operating expenses before deduction of …

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Railways plan to cut energy bills by Rs.5,000 crore

Railways plan to cut energy bills by Rs.5,000 crore

The government will formulate an efficient plan to reduce the railways’ energy bill by Rs.5,000 crore in the next five years, Railway Minister Suresh Prabhu said on Friday. The minister said energy bill is the second biggest in the sector after salary and pension. “We need to make a road …

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War with India not an option: Sharif

War with India not an option: Sharif

Pakistan Prime Minister Nawaz Sharif has asserted that war with India was not an option, media reported on Friday. During a meeting here on Thursday with President Mamnoon Hussain, Sharif affirmed Pakistan’s desire for friendly ties with India, all its neighbours and the world at large for sustainable development, The …

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Punjab National Bank posts Rs.621 crore net profit

Punjab National Bank posts Rs.621 crore net profit

The state-owned Punjab National Bank closed its second quarter with a net profit of Rs.621.03 crore, the bank said on Friday. In a regulatory filing with BSE, the bank said it has logged a net profit of Rs.621.03 crore for the quarter ended September 30, 2015 — up from Rs.575.34 …

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