Restructuring plan could save Air India $200 mln

Restructuring plan could save Air India $200 mln

Loss-making national carrier Air India says it is implementing a financial restructuring plan which will cut its loan interest payments by nearly $200 million a year.

Indian drug firm Ranbaxy triples profits

Top Indian drugmaker Ranbaxy Laboratories reported Thursday third quarter net profits nearly tripled, driven by higher sales and favourable currency movements.