Category: Business

Business

Sensex, Nifty fall for second straight session on weak global trends

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Sensex, Nifty fall for second straight session on weak global trends

Bombay Stock Exchange (BSE) | Photo Credit: REUTERS Equity benchmark indices declined for the second consecutive session on October 19 amid weak trends in global markets and fresh foreign fund outflows. Disappointing quarterly earnings numbers and revenue forecast from IT services company Wipro also weighed on investor sentiments. The 30-share BSE Sensex fell 247.78 points…

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Granules gets U.S. FDA nod for copy of AstraZeneca’s heartburn drug 

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Granules gets U.S. FDA nod for copy of AstraZeneca’s heartburn drug 

Drugmaker Granules India has received U.S. Food and Drug Administration approval for Esomeprazole Magnesium Delayed-Release Capsules USP, 20 mg and 40 mg, a generic version of AstraZeneca Pharmaceuticals Nexium Delayed-Release Capsules. Bioequivalent and therapeutically equivalent to reference listed drug Nexium Delayed-Release Capsules, 20 mg and 40 mg, of AstraZeneca Pharmaceuticals LP, Esomeprazole Magnesium capsules are…

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Business

Expedite survey, claim settlement related to Sikkim floods, IRDAI urges general insurers

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Expedite survey, claim settlement related to Sikkim floods, IRDAI urges general insurers

Indian Army personnel look for dead bodies on the bank of Teesta river in Rongpo, near Gangtok in Sikkim. File | Photo Credit: Ritu Raj Konwar The Insurance Regulatory and Development Authority of India (IRDAI) has advised general insurers and standalone health insurance companies to expedite survey of all claims related to the recent devastating…

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SEBI should stand firm, finish its probe into Adani matter in timely manner: Jairam Ramesh

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SEBI should stand firm, finish its probe into Adani matter in timely manner: Jairam Ramesh

Jairam Ramesh. File | Photo Credit: ANI The Congress on October 19 urged the Securities and Exchange Board of India (SEBI) to stand firm and finish its investigation into the Adani matter in a timely manner, even as it reiterated that only a JPC probe can investigate the full scope of the issue. In a…

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Business

Markets fall for 2nd day running on weak global trends

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Markets fall for 2nd day running on weak global trends

Equity benchmark indices declined in early trade on Thursday | Photo Credit: The Hindu Equity benchmark indices declined in early trade on Thursday, falling for the second day running, amid weak trends in global markets and fresh foreign fund outflows. Disappointing earnings from IT services company Wipro also dragged the benchmarks lower. The 30-share BSE…

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Business

Rupee trades in narrow range against U.S. dollar in early trade

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Rupee trades in narrow range against U.S. dollar in early trade

Representational image only. | Photo Credit: The Hindu The Rupee was trading in a narrow range and appreciated three paise to 83.25 against the U.S. dollar in early trade on October 19, amid a negative trend in domestic equities. Forex traders said the Rupee is trading in a narrow range as sustained foreign fund outflows…

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Business

India’s UPI system leading in cross-border payment: U.S. treasury official

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India’s UPI system leading in cross-border payment: U.S. treasury official

Representational image of a customer paying through UPI | Photo Credit: K.R. Deepak India’s Unified Payments Interface system (UPI) stands out in advancing bilateral links with other countries, including Singapore and the United Arab Emirates, a U.S. treasury official said. In a speech at Harvard Law School on Wednesday, Jay Shambaugh, Under Secretary of US…

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Welspun One Logistics Parks inks pact with Murugappa Group’s EV arm to develop build-to-suit facility

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Welspun One Logistics Parks inks pact with Murugappa Group’s EV arm to develop build-to-suit facility

 Welspun One Logistics Parks on October 18 said it has inked a leasing pact with Murugappa Group’s EV manufacturing arm Montra Electric to develop a build-to-suit facility.  Under the partnership, Welspun One will construct the facility, encompassing a dedicated assembly space tailored for four-wheeler small commercial electric vehicles and a retail experience centre, the company…

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Business

Centre raises minimum support prices for Rabi crops, farmers unhappy

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Centre raises minimum support prices for Rabi crops, farmers unhappy

Fertilizers and diesel prices have increased,” said All India Kisan Saba leader from Rajasthan Amra Ram. “Production is decreasing due to no significant increase in MSP. The Centre should have implemented [recommendations of the] Swaminathan Committee report,” he added. | Photo Credit: AJAY VERMA The Cabinet Committee on Economic Affairs (CCEA) has increased the Minimum…

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