Goods exports from India dropped 20.19% in May 2015 to $22.34bn. Imports during the month were 16.52% lower at $32.75bn, mainly due to a sharp drop in petroleum imports. Trade deficit narrowed to $10.4bn in the month under review compared with $11.23bn in May 2014.
Biocon’s research arm Syngene International received capital markets regulator's approval to launch an initial public offer.
Suven Life Sciences has secured 3 product patents from Israel, Macau and USA corresponding to their NCEs for the treatment of disorders associated with neurodegenerative diseases.