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UPDATE: FDA seizes Caraco drugs over norms violation
In a major setback to Sun Pharmaceutical Industries - the largest Indian drug maker in terms of market capitalisation, the US Food and Drug Administration (FDA) has seized all medicines produced by Sun’s US arm Caraco Pharmaceutical Laboratories, for repeated violations of manufacturing standards.

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State worried over GST roll out
The Centre may be eager to introduce the proposed Goods and Service Tax (GST) from April 1, 2010, but the Orissa government has cast doubts on the timely launch of the new tax regime.

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Toyota says hybrid sales reach two-million mark
Toyota Motor said today that global sales of its hybrid vehicles had topped the two-million mark since their launch in 1997, led by the Prius — Japan"s top-selling car for the past four months.
Small Business

Govt ready to draft policy for steel manufacturers: Modi

Gujarat Chief Minister Narendra Modi today said his government is ready to draft a separate policy for stainless steel manufacturers, provided they are willing to foray in gymnasium equipment and toys manufacturing as part of their corporate social responsibility (CSR). - "Bihar must maintain 11% growth to be on par with Guj" - Taiwan"s III, MAIT aim electronic clusters in Vittal city - Govt okays extension of exploration in a Gujarat block - Eleven companies in race to supply 3000 Mw power to GUVNL - Suzlon receives 21 Mw order from Gujarat Alkalies - GFL to produce 500 Mw of wind power by March "11 Modi was speaking at an inaugural ceremony of four-day stainless steel fair Indinox-2010 that commenced here today. "Health care industry is developing at a very fast pace and youths are getting more health conscious which leads to open more gyms, so if gyms exist today at say 1,000 locations then in another 2 to 3 years it could open at 10,000 places," Modi said. The CM suggested that stainless steel manufacturers as part of their CSR could start manufacturing polished toys for kids so that they get ample opportunity to play in public parks, especially children parks, schools or "anganwadi" centres. "If anyone from the stainless steel sector is willing to enter in these two segments (gymnasium and toys) then we could draft a separate policy for it and also give them incentives if required," Modi said.


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