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Rising Rupee Cuts Into Nicholas Piramal Revenues

This article was originally published in PharmAsia News

Executive Summary

NEW DELHI - Mumbai-based Nicholas Piramal has lowered its revenue forecast in the current financial year because of rapid gains by the rupee against the dollar and pledged to cut low-margin products from its portfolio to ensure net profit would meet target

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A regular roundup of commercial stories appearing in Scrip’s sister publication PharmAsia News, whose multilingual team of regional experts provides authoritative business intelligence focused on the Asian marketplace. Full stories can be accessed by clicking on the story title (subscription required).

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