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'China will snatch our market from us'
Atul Sobti took over as the chief executive officer and managing director at Ranbaxy Laboratories, six months ago. He wants to make Ranbaxy (now owned by Japan’s Daiichi Sankyo) the largest drugseller in India, a market that is price-controlled, but growing. This focus on the domestic market is not due to the problems that the company has been facing in the US, he tells Vandana Gombar and Joe C Mathew in an interview where he also makes a case for direct subsidy for medicines instead of price controls. Excerpts:

India Inc borrowing dips to $1 billion in August
Overseas borrowings by India Inc fell by nearly half to $1.08 billion in August against $2 billion during the previous month.

News of the day

A patch up? Really?
There are several ugly faces of fashion: anorexic models who survive on cigarettes and coffee is just one such instance. But, by far the ugliest thing that has happened to Indian fashion is the ongoing fight between the various “bodies”. Two bodies — FFI and the government mandated FDPC — have triumphantly announced that they have now merged and will work for the betterment of fashion. FDCI, the original fashion apex body, continues to stay aloof of this merger and may or may not also merge with FDPC.
Management

Satyam allots 75,090 equity shares under stock options

Satyam Computer today said it has allotted 75,090 equity shares to its employees, under its stock options plans. - Satyam starts module for non-billable staff - Tech Mahindra offer may not get full subscription: analysts - Top Satyam executive to sell shares in open offer - Satyam board not for recommending support to open offer - Satyam board meets to discuss cost-cutting moves - Satyam, Tech M continue to please mkts The board has approved the allotment of the shares, under the employee stock options plans of the company, Satyam said in a filing to the Bombay Stock Exchange. After the allotment, the paid-up share capital of the company stood at Rs 195,35,94,874 up from Rs 195,34,44,694, the filing added. Shares of Satyam were trading at Rs 78.90, down 2.41 on the BSE.


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