business

India’s Industrial Production (IIP) growth has fallen sharply from its FY08 8.5% levels, and is flat over Jan-Feb 09, it is holding up substantially better than peers. Higher inventory levels should suggest increased corporate borrowing. Another 18 year analysis suggests: Bank credit growth precedes/rises with inventory expansion – credit growth is currently falling, Bank credit … Read more Falling IIP – Industry Building Inventory ?

The CLSA Research Team did a tour of MP, UP and Chattisgarh and here is the ground reality about the Agriculture sector in these states. In Madhya Pradesh, the area under sowing this year has declined by 20-50% in different regions thanks to poor monsoons. Further yields are expected to decline significantly. A villager mentioned … Read more Agricultural growth poses a downside risks

Japanese auto giant Honda Siel Cars has launched an advanced version of its premium sedan Accord with a 3.5 litre i-VTEC engine, in the price bracket of Rs 24.8 lakh to Rs 25.35 lakh. The company has said that the new version of the car would be made available in two variants — Accord V6 … Read more Honda launches new Accord V6 3.5 Inspire

The rate of inflation for the week ended February 28 went down to 2.43% compared to 3.03% of inflation witnessed in the previous week. The decline primarily came due to the high base effect of last year. This is the lowest inflation figure since June 2002. The wholesale price index (WPI) for all commodities in … Read more Inflation at 2.43% for week ended Feb 28

The US Federal Court on 10 March dismissed AstraZeneca’s patent lawsuit against Dr Reddy’s Labs over the generic formulation of AZN’s Prilosec OTC (CY2008 sales of US$271mn). The court dismissed the case after agreeing with the defendant that DRL used a different form of Omeprazole Magnesium (the primary ingredient in Prilosec), and hence does not … Read more Dr Reddy’s Labs – AZN’s lawsuit on Prilosec OTC dismissed