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Cipla puts biosimilar business on backburner as part of business rationalisation

Drug maker Cipla said it will stop plans to manufacture biosimilar drugs in-house as part of company-wide restructuring that involves exiting non-core and low profit businesses. “We realised that manufacturing (of biotech drugs) is not important,” said Umang Vohra, Managing Director and Global Chief Executive Officer of Cipla. “There are enough efficiencies in the biotech system outside of our own,” ... Read More »

Thousands of Class 12 students will pay the price for government’s botched-up reform of marks policy

Late in April, when the Union Ministry of Human Resources Development announced that officials of 32 state and central boards of education had decided to scrap the moderation of marks – also known as the grace marks policy – from 2017, school teachers across cities felt conflicted. Most agreed that the practice had to go. It involves giving extra marks ... Read More »

Lack of Workers, Not Work, Weighs on Utah’s Economy

Juan Guerrero, right, and Joseph Waseme securing materials on a truck bed at a Roofers Supply lot in Salt Lake City. The company needs at least 15 more drivers to meet demand, but has had trouble finding workers.CreditKim Raff for The New York Times SALT LAKE CITY — Stephanie Pappas and her brothers built their roofing supply company in this ... Read More »

Bank of America Reports Earnings Drop in Q1, Stock Dips

Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was a normal quarter,” Nancy Bush, ... Read More »

Spotlight: CanIRank Helps Businesses Make Sense of SEO

SEO can be an overwhelming and confusing concept for a lot of businesses. Sure, you can access analytics and site data. But figuring out what to do about it can be a whole other story. That’s where CanIRank comes in. The company prides itself on providing actual solutions for businesses based on their online data. Read more about the company ... Read More »

4 Stocks In Buy Range Ahead Of Earnings Reports: Investing Action Plan

Here’s your Investing Action Plan for Tuesday: what you need to know as an investor for the coming day. Fan favorites like Apple (AAPL) and Facebook (FB) give current stockholders reason to cheer but are well above buying range. Even Apple bull Warren Buffett wouldn’t buy its shares again now and is skittish about Amazon.com (AMZN), despite admitting that he ... Read More »

Thousands of car finance payments could be hit by economic downturn, analysts warn

Thousands of drivers would be unable to keep up their car payments in the event of an economic downturn, analysts have warned, prompting concerns about a mis-selling scandal. With nearly 90 per cent of new cars sold using finance deals, the majority of which means the owner effectively leases their vehicle for three or four years instead of buying outright, ... Read More »

How Banks Can Compete Against an Army of Fintech Startups

It’s been more than 25 years since Bill Gates dismissed retail banks as “dinosaurs,” but the statement may be as true today as it was then. Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet. To the extent that banks have digitized, they have focused on the most routine customer transactions, like ... Read More »

Global finance officials argue benefits of free trade

The world’s major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and the new Trump administration is letting it be known that it intends to make sure that America’s trade deals are fair for U.S. workers. German Finance Minister Wolfgang Schaeuble ... Read More »

One chart that shows the weird, vexing mystery of this economy

As the stock market pushes toward fresh records, the biggest debate on Wall Street going on right now is whether to believe the “soft” data or the “hard” data about the economy. The soft data is reflecting confidence in President Trump’s economic policy and goosing the stock market, while the hard data, things like actual sales, is struggling. Here is ... Read More »