By Tensing Rodrigues I Some days back Standard and Poors’ threatened to downgrade India’s sovereign credit rating to “below investment grade”. Subsequently Fitch has also lowered India’s outlook to negative from stable, citing stalled structural reforms, high inflation and limited progress on fiscal consolidation.
MUMBAI: Sensex on Tuesday soared 226 points riding on the back of capital goods, FMCG, auto and banking shares to close at four-month high of 17,618.35 amid strong global cues after Eurozone finance ministers agreed on a deal to nurse the ailing Spanish banks back to health.
NEW DELHI: The popular Tatkal scheme with new timings and additional measures to check the menace of touts came into effect on Tuesday with railways claiming a tangible reduction of pressure at reservation counters and improved performance of its e-ticketing site.
MADRID: The economic crisis in Spain is sending almost 5,000 horses a month to the slaughterhouse and has increased the number of animals abandoned because their owners can no longer afford to keep them.
MUMBAI: The All India Organisation of Chemists and Druggists (AIOCD) has welcomed the government’s draft proposal to move away from cost-based pricing to market-based drug pricing policy saying that it will best address patient needs and balance industry growth.