MUMBAI The Reserve Bank of India's Deputy Governor Subir Gokarn's term has been extended to December 31, a finance ministry official, who did not wish to be named, said on Wednesday.
Gokarn's three-year term was supposed to end on November 24. He handles the monetary policy department among others and also represents the RBI at the G-20 Deputies' forum. (Reporting by Arup Roychoudhury; Editing by Prateek Chatterjee)
FDA warns former Sun Pharma U.S. drug factory over quality concerns
MUMBAI The U.S. Food and Drug Administration has pulled up a former Sun Pharmaceutical drug factory for "knowingly" releasing 27 lots of the hypertension drug clonidine last year, despite proof that the raw materials used may have been contaminated.
Sensex posts worst weekly fall in nearly four months; Fed awaited
The BSE Sensex posted its worst week since early May on Friday, as investors stayed on the sidelines ahead a speech by U.S. Federal Reserve Chair Janet Yellen in Jackson Hole, Wyoming later in the day.
Fed's Mester: Makes sense for U.S. to start raising rates - CNBC
The U.S. Federal Reserve should hike rates again so as not to fall behind in a strengthening economy, Cleveland Fed President Loretta Mester said on Friday.