Category: Business

Business

Why Semaglutide is an inflection point for India’s generics sector?

July 14, 2026 admin

More than a supply chain issue and missing the first mover status, Semaglutide episode has rather exposed systemic chinks and could prove costly for India’s pharmaceutical industry, which supplies about 20% of the world’s generic medicines by volume. With the expiry of Novo Nordisk’s primary patent in India this March, Semaglutide — the active ingredient…

Business

Sensex declines by 561 points on surging oil, West Asia flare-up; banks, auto shares major drag

July 14, 2026 admin

Stock market benchmark indices Sensex and Nifty tumbled on Tuesday (July 14, 2026) as a sharp surge in crude oil prices due to the renewed flare-up in West Asia dented investors’ sentiment. After three days of gains, the 30-share BSE Sensex dropped 561.46 points, or 0.72%, to settle at 77,054.94. During the day, it tumbled…

Business

14 service sectors grew in double digits in April as per inaugural Index of Services Production

July 14, 2026 admin

Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto 14 of the 19 sub-sectors in the trial and inaugural release of the government’s new Index of Services Production (ISP) witnessed double-digit growth in April 2026, with the best-performing sectors including accommodation and food, retail trade, administrative and support services, and real estate. The…

Business

Deep-Tech, AI, Innovation to shape India’s future: Dr. Mashelkar

July 14, 2026 admin

Dr. Raghunath A. Mashelkar addressing FICCI Legends Series on “Winning Through Innovation: Lessons for Industry and Society”. Photo: Special Arrangement. Deep-tech innovation, artificial intelligence (AI) and inclusive technologies will be the defining pillars of developed India, provided the country focuses on creating affordable, globally competitive solutions that benefit millions rather than a privileged few, said…

Business

‘Most ambitious and aspirational FTAs’: India-U.K. trade deal set to come into force on July 15

July 14, 2026 admin

The India-U.K. Comprehensive Economic and Trade Agreement (CETA) and Double Contribution Convention (DCC) that are set to come into force on July 15 are a “gold standard” and one of the “most ambitious and aspirational free trade agreements” signed by India, Commerce Secretary Rajesh Agrawal said on Tuesday (July 14, 2026). He added that the…

Business

India bans the import of goods made using forced labour, even as U.S. investigation is pending

July 14, 2026 admin

Representative image. | Photo Credit: Getty Images/iStockphotos The government of India has issued a notification banning the import of goods manufactured using forced labour, a significant step towards clearing the path towards the signing of an interim trade agreement with the U.S. The U.S. is currently in the process of releasing its final decision on…

Business

Rupee falls 62 paise to close at 96.30 against U.S. dollar

July 14, 2026 admin

Representative image. | Photo Credit: Getty Images/iStockphotos The rupee depreciated 62 paise to close at 96.30 (provisional) against the U.S. dollar on Tuesday (July 14, 2026), amid a surge in crude oil prices and renewed geopolitical concerns. Forex traders said the rupee came under pressure due to a combination of factors – crude oil prices…

Business

Direct tax mop-up grows 16% to over ₹6.51 lakh crore so far in FY27

July 14, 2026 admin

Representative image. | Photo Credit: Getty Images/iStockphoto Net direct tax collection grew 16.40% to over ₹6.51 lakh crore till July 13 this fiscal, driven by higher corporate tax mop-up, government data showed on Tuesday (July 14, 2026). Net corporate tax collection rose 22% to ₹2.40 lakh crore, and mop-up from net non-corporate tax (NCT), which…

Business

Gujarat’s Unjha cumin and fennel receive GI tag

July 14, 2026 admin

Unjha, in the Mehsana district of Gujarat, is known for its spice markets. | Photo Credit: Getty Images/iStockphoto Unjha cumin and Unjha fennel, two significant agricultural products in Gujarat, have been granted the Geographical Indication (GI) tag by the Geographical Indications Registry, providing them with geographical recognition and legal protection while strengthening their export prospects….

Business

WPI inflation rises to 9.87% in June; minerals, food items see price spike

July 14, 2026 admin

The Reserve Bank of India (RBI), which mainly factors in CPI when arriving at its monetary policy, has been mandated by the government to ensure that headline inflation remains at 4%, with a 2% margin on either side. File | Photo Credit: Reuters Wholesale price inflation shot up to 9.87% in June, from 9.68% in…

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