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Swiss drugmaker Novartis has locked horns with Biocon over the alleged infringement of the patent on its diabetes drug Galvus, which reportedly had global sales of over $1.2 billion last year. The legal action seeks to prevent Biocon from launching a similar version of the drug. It comes a year after a high-profile patent case involving Novartis’ blood cancer drug Glivec ended...

The revised WTO Agreement on Government Procurement (GPA) will come into force on 6 April 2014, effectively two years from the date on which the Protocol amending the Agreement was adopted in March 2012. The Chairman of the WTO Committee on Government Procurement, Bruce Christie of Canada, confirmed that the threshold of acceptances by two-thirds of the Parties, which is...

Economic slowdown has taken a heavy toll on jobs in most Asian nations -- including India, Sri Lanka, Pakistan, Philippines and Indonesia -- with youth unemployment rising over 10% during 2013, International Labour Organisation said in a report.

While employment growth has remained below 3% in most parts in Asia Pacific region, unemployment rate was about 5%.

In India,...

Changes made to make it attractive for foreign universities to enter India.

The government has opened the doors for top foreign universities to set up campuses in the country and award degrees, giving Indian students the opportunity to study in global institutions without leaving home or spending a fortune in dollars.

The human resource development ministry has decided to...

7 मई 2013 को संसद सत्र के दौरान नई दिल्ली स्थित कांस्टीटयूशन क्लब में नवनिर्मित विशाल एनेक्सी हाॅल में आयोजित किया जायेगा। यह कार्यक्रम प्रात 10.00 बजे प्रारंभ होकर सायंकाल 5.00 बजे तक चलेगा। इस जुटान में देश भर के सभी व्यापारी, लघु उद्योग, ट्रांसपोर्ट, हाॅकर्स, किसान, मजदूर, उपभोक्ता, ।च्डब्ए छात्र एवं अन्य दलों व संगठनों के जिला/प्रांत/क्षेत्रीय/राष्ट्रीय स्तर के नेताओं को आमंत्रित किया जाये...

WTO appears to have upheld a complaint against the Province of Ontario’s green energy program.

The complaint was made by the EU and Japan, which claim the province's "feed-in tariff" program for its energy grid discriminates against foreign component manufacturers by declaring a minimum percentage of renewable energy goods and services be provided by Ontario-based companies.

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The next head of the World Trade Organization will certainly come from somewhere other than Europe, EU Trade Commissioner Karel De Gucht said .

Pascal Lamy, a French national who has served two four-year terms as WTO director general, is to step down on August 31, and when his successor is chosen, "obviously this time, it will not be someone from Europe," De Gucht told a press...