In yet major setback over a long seven-year legal battle, Supreme Court has today dismissed Swiss drugmaker Novartis AG’s plea to win patent protection for its blood cancer drug Glivec in India. Read more
Tag: Anand Sharma
Amazon seeks direct sales in India, asks to relax E-commerce law
In order to make a direct interaction with Indian customers through E-commerce, U.S. online retail giant Amazon has asked Indian government to make relaxation on online retail law. Read more
Govt offers more SOPs for Exporters
Seeking to hit global economy slowdown by more exports, Indian Government has announced some incentives for exporters to get the USD 360 billion export target.
As per new sops, exporters will enjoy the extension of two percent interest subsidy for one more year till March 2014 to certain sectors including all small and medium enterprises like handicrafts, readymade garments, processed agriculture products and more. Read more
Flipkart, Bharti Walmart under probe
The major FDI, E-commerce investors Flipkart and Bharti Walmart are under the charge of irregulating voilation act and for that a special investigation has been asked by the Enforcement Directorate.
Among the companies which are violating the Foreign Direct Investment (FDI) policy in retail market, the RBI has taken to Bharti Wal-Mart/Cedar Support Services Ltd and Flipkart Online Services, respectively. Read more
