ICICI Bank holds stake of just under 75% in ICICI Securities, data showed. The companies said they will hold separate board meetings on Thursday to consider delisting proposal.
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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