A Volatile Quarter, But Records Keep Tumbling Records have become repetitive as the Australian market skips from high to high.... Read Full Article S.E.C. Seeks To Curtail Investor Suits The Securities and Exchange Commission is promoting a legal standard that would make it harder for shareholders to win fraud lawsuits against companies and executives.... Read Full Article Ousted Premier’s Allies Protest Ban On Thai Party About 1,000 die-hard supporters of Thailand’s ousted prime minister demonstrated against a court ruling that banned his party and barred its entire leadership from politics for five years.... Read Full Article The Food Chain: A Global Need For Grain That Farms Can?t Fill When much of the country is contemplating recession, farmers are flourishing because of runaway demand.... Read Full Article President-by-default, Ford Dies At 93 Former US president Gerald Ford, who took office by default after the Watergate scandal and later pardoned Richard Nixon, has died aged 93, his widow says.... Read Full Article |
World Business Briefing: India: Profit Doubles At Drug MakerThe Indian pharmaceutical company Ranbaxy Laboratories said its profit in the latest quarter more than doubled from a year ago, helped by robust sales in Europe and huge gains in foreign exchange transactions. Net profit at Ranbaxy rose to 2.66 billion rupees ($65 million), from 1.22 billion rupees ($29 million) in the quarter a year earlier. The growth rate, however, drops to 53 percent if the earnings numbers are adjusted against about 1 billion rupees in net gains the company made from foreign exchange transactions, said Malvinder Singh, the chief executive. More than half of Ranbaxys sales come from overseas markets other than the United States. Sales rose 12.3 percent, to 16.24 billion rupees ($395 million). Tag CloudExternal InformationAdditional InformationFox Cancels a Mock News Show, Citing Costs...Hillary’s new battleground – the desperate middle class... UK mining companies decline to tap Afghan wealth... Anywhere the Eye Can See, It’s Likely to See an Ad... Where Am I?News Main Page - Business - World Business Briefing: India: Profit Doubles At Drug Maker |
i8news.com |