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RBI gives positive signal to economy: Fin Secy
The Finance Ministry today said the RBI"s move to retain almost all key rates unchanged will give a positive signal to the economy, which is on the path of recovery. http://smallpersonalloans.org.uk

Power capacity addition lag to impact economic growth targets
With the government having finally admitted that the current Plan period’s power capacity addition target of 78,700 Mw is likely to be missed by over 20 per cent, experts have raised concerns over the impact on the country’s economic growth.

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FinMin not opposing new FDI norms
Shedding earlier reservations over some aspects of the controversial new FDI guidelines, the Finance Ministry now says it does not have any objection to new rules that changed the criteria for calculation of foreign ownership in a company and its downstream investment.
Small Business

Ex-MD of GSK joins Sun Pharma

S Kalyanasundaram, former managing director of GlaxoSmithKline Pharmaceuticals, will join Sun Pharmaceutical Industries, the country’s largest drug manufacturer in terms of market capitalisation, as one of its top three executives. - GlaxoSmithKline gets notice for ad campaign - GlaxoSmithKline Pharma Q1 net up 18.14% at Rs 143.27 cr - Transgene in pact with Dr Reddy"s for obesity drug - Pfizer to source 40 off-patent cancer care drugs from Strides - Piramal Health to raise Rs 1,000 cr for acquisitions - Opto Circuits gets CE nod for drug sale He is head, commercial excellence, for the Asia-Pacific region of GSK, the world’s second largest drug company. Sources said Sun Pharma has not yet finalised the role and designation of his responsibilities, but he will join by April. Sun Pharma’s day to day operations are mainly headed by Dilip Shanghvi, chairman and managing director, and Sudhir Valia, whole time director. Kalyanasundaram, known in industry circles as Kal, was appointed GSK’s managing director in 2003, succeeding V Thyagarajan. A science graduate from Madurai University and a qualified chartered accountant, Kalyanasundaram had joined Wellcome as a commercial advisor in New Zealand in 1988.


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