Projection of IT growth by Nasscom realistic, industry
The Dollar Business Bureau The projection by Nasscom that Indian IT exports would grow 7-8 per cent in the current fiscal is realistic and reasonable and reflects the current global business environment, say senior figures in the sector. The numbers put out by the industry body are very realistic because the global IT spending is not going up this year and there are political uncertainties in the US and parts of Europe, two key markets of Indian firms, said T V Mohandas Pai, the former Chief Financial Officer (CFO) of Infosys. "In this background, it is very good. All big companies have said they will grow between seven to nine per cent," he noted. In its guidance, Nasscom yesterday said IT exports are expected ...
Dr Reddys inks deal to sell US drugs in India
The Dollar Business Bureau Dr Reddy's Laboratories has entered into an agreement with US-based biotechnology firm Amgen to sell its three drugs meant for heart and cancer patients in India. Terming it as a “strategic collaboration”, Dr Reddy’s said that it will undertake a full range of regulatory and commercial services to seek approval and launch the three medicines— Kyprolis, Blincyto and Repatha in the Indian market. “We are excited about our strategic collaboration with an innovation powerhouse like Amgen and look forward to making their innovative medicines accessible to Indian patients. Addressing significant unmet needs of patients in oncology and cardiovascular are key areas in India and therefore, a priority for us at Dr Redy's," said Alok Sonig, Executive Vice-President and Head of ...
