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Pharmacy

Reuters

India Okays Policy to Curb Prices of 348 Drugs

India approved a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps, two ministers told reporters.

Counterfeit Drugs

Viagra to Be Generic Drug in Canada As Pfizer Loses Patent Case

Canada's Supreme Court rules Pfizer’s original patent application incomplete.

sony

Sony and Olympus to Form Alliance in Medical Equipment Industry

Japanese firms Sony and Olympus aim to start a joint venture later this year to develop medical equipment.

Pills

Boots to Acquire 12% Stake in Chinese Pharma Company

Boots, which already has a foothold in China, expects the deal to strengthen its Asian presence.

Verghese Kurain

‘Milkman of India’ Verghese Kurien Passes Away; PM Condoles Demise

Indian engineer and businessman Dr Verghese Kurien, who is better known for creating the Amul dairy-food brand, passed away on Sunday morning at Muljibhai Patel Urological Hospital, at the age of 90.

IPO

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Formula One IPO in the Fast Lane

Formula One Gets Greenlight for $3 Billion Flotation

09:53 AM ET

Media sources say that motor racing giant Formula One has gained approval for an initial public offering worth nearly $3bn on Singapore's stock exchange.

Retail

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Samsonite Tokyo Chic

Samsonite Recalls Tokyo Chic Luggage after Cancer Scare

07:51 AM ET

World's largest luggage maker recalls 250,000 cases in American Tourister range over reports of carcinogenic chemicals in handles.

Technology

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Foxconn CEO takes a dig at Samsung's Galaxy S3

Foxconn CEO Claims iPhone 5 Will Put Galaxy S3 to Shame

09:42 AM ET

Foxconn CEO, Terry Gou, urges customers to refrain from buying Samsung's Galaxy S3 until the launch of iPhone 5.

Financial

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FSA

FSA Launches Probe into Top UK Banks Mis-selling Derivatives - HSBC, Lloyds, RBS, Barclays Implicated

03:34 PM ET

Britain's parliamentary treasury select committee charges the UK regulator with the task to look into HSBC, Lloyds, RBS and Barcla...

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