The rupee continued its slide for the fourth consecutive day on demand for dollars from oil importers. It fell to a new low of 55.03 per dollar on Monday due to shaky risk sentiment.

Despite the positive cues from the global peers, the gains in the Indian markets could remain capped due to the rising rupee, which closed at 55.03 against the US dollar on Monday.

Weeks after its $350-million marketing deal with Pfizer to sell its insulin products globally was called off, Biocon said it was still interested in partnering with the MNC in other areas.

FORMER MINISTER for health and leader of the Progressive Democrats Mary Harney has been appointed to the board of India's largest biotechnology company.

Koch Institute for Integrative Cancer Research at Massachusetts Institute of Technology, (MIT) is discussing opportunities with Biocon Limited for the possible collaborative paths that could be taken to advance cancer research and technology transfer.