A look at the headlines in this sector right now:

  1. Monetary Policy Committee keeps RBI’s key repo rate unchanged at 6.25%: Factors such as the impacts of the US elections worldwide, domestic financial concerns as well as the modest Q2 global growth were taken into account.
  2. Pfizer fined a record £84 million for hiking anti-epilepsy drug prices in 2012: The price of 100 mg packs of an anti-epilepsy drug was raised from £2.82 to £67.5 overnight for the National Health Services.
  3. Sensex drops by 155 points, Nifty ends at 8,100 after RBI keeps key rates unchanged: Stock brokers said the indices were also affected by the central bank lowering India’s GDP growth rate to 7.1% from 7.6%.
  4. Centre seeks parliamentary approval for additional spending worth Rs 60,000 crore: The government said the funds would be used on rural employment schemes and pension liabilities of retired civil servants.
  5. Enforcement Directorate files case against AirAsia to probe allegations made by Cyrus Mistry: The agency will investigate an alleged payment of over Rs 12 crore to a Singapore-based company without a ‘proper’ agreement for the transaction.
  6. United States Supreme Court rules in favour of Samsung in Apple’s design patent case: The court’s justices sent the case back to an appellate court after ruling that Samsung does not need to pay the $399-million fine.
  7. European Union approves Microsoft’s $26 billion acquisition of LinkedIn: The United States-based software giant agreed to concessions such as letting the professional networking website’s rivals access its Office add-on suite.