Business

The euro fell to a one-year low against the US dollar earlier yesterday, over fears that the bailout package proposed

General Motors, India, has registered an impressive growth of 120% in sales in April 2010, compared to the corresponding period last year. It sold 10,601 units in April 2010 as against 4,823 units in April 2009.The April sales consisted of 3,852 units of Chevrolet Beat, 3,507 units of Chevrolet Spark, 1,529 units of Chevrolet Tavera, 692 units of Chevrolet Cruze, 529 units of Chevrolet Aveo U-VA, 315 units of Chevrolet Aveo, 115 units of Chevrolet Captiva and 62 units of Chevrolet Optra.<b…

The spectre of acquisition looms large on the local pharma horizon again. After Ranbaxy Labs in 2008 and Shantha Biotech in 2009, it may be the turn of Piramal Healthcare to pass into a multinational pharma company’s fold, the buzz on the street suggests.According to industry sources, Piramal Healthcare is looking to sell its domestic formulations business and British behemoth GSK is a likely buyer.Piramal officials could not be reached for comment. GSK said it did not comment o…

After launching its first mobile phone set in India nine months back, Lava International is ready with its first 3G phone. But the company is waiting for mobile operators to start 3G services first. Interestingly, Lava is planning to introduce one of its 3G phone sets at a price in four digits.&quot;At present, the prices of our mobile phone sets range between Rs1,500 and Rs6,000. Now, we are doing research on smartphones and 3G phones. We expect that our 3G phones will be available in …

Sensex has largely been range-bound in recent months, rising by a mere 2% between September 30, 2009? and April 20, 2010, but some sectoral mutual fund schemes, especially in? pharma and technology space, have given returns of over 20% in this period.? Riding the outperformance by pharmaceutical stocks in the recent past, mutual fund schemes dedicated to pharma sector have also delivered good returns. Reliance Pharma Fund and Franklin Pharma Fund have given returns of as high as 36%. On…