Kolkata, Sep 16 - The average price of a hotel room around the world fell by 17 percent in the first six months of 2009, according to a report by Hotels.com.

Part of hospitality major Expedia group, Hotels.com offers more than 100,000 quality hotels and serviced apartments worldwide.

According to its latest Hotel Price Index, hotel prices globally were lower than they were five years ago when the index was first prepared. Consumers are now paying the 2003 prices, it said.

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Orchid gets US approval for two drugs

Chennai:City-based Orchid Chemicals and Pharmaceuticals has received approval from the US Food and Drug Administration (USFDA) for abbreviated new drug applications (ANDA) for Piperacillin and Tazobactam injections.

The FDA has granted 180-day generic drug exclusivity for marketing the products. Orchid will sell the drugs in the US in partnership with Canada's Apotex.

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Tata Consultancy opens office in Buenos Aires

Kolkata: IT service provider Tata Consultancy Services (TCS) has opened a new global delivery centre in Buenos Aires, Argentina.

TCS will initially employ about 250 professionals at the new centre. 'We are proud to be the first company to open its doors in the new technology district of said Buenos Aires,' S.