In addition to helping expand capacity of the pharmaceutical operations, the Piramal group will use the money to repay some of Piramal Enterprises Ltd.’s debt.
Ratings of some firms of billionaires Ajay Piramal, Pallonji Mistry & MP Lodha have been cut as the business environment worsened and funding costs rose.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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