Category: Business

Business

Aurobindo Pharma arm’s New Jersey warehouse gets OAI status after U.S. FDA inspection

February 20, 2025 admin

Representational image of Aurobindo Pharma’s Unit IX in Andhra Pradesh | Photo Credit: A. Roy Chowdhury The U.S. Food and Drug Administration (U.S. FDA) has classified a warehouse of Aurobindo Pharma subsidiary in New Jersey, U.S. as Official Action Indicated (OAI) after an inspection it conducted. Such a classification means regulatory and/or administrative actions are…

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Markets open lower amid uncertainty over U.S. tariff measures, weak Asian peers

February 20, 2025 admin

Brokers watch the movement of stock prices on their computer screens during a trading session. File photo | Photo Credit: PTI Benchmark indices Sensex and Nifty declined in initial trade on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment. The 30-share BSE benchmark Sensex dropped…

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Rupee rises 19 paise to 86.79 in early trade

February 20, 2025 admin

At the interbank foreign exchange, the rupee opened at 86.88 and gained further ground to trade at 86.79 against the greenback during early deals on February 20, 2025. | Photo Credit: PTI The rupee appreciated 19 paise to 86.79 against the US dollar in early trade on Thursday (February 20, 2025), as the American currency…

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On building resilient telecom infrastructure | Explained

February 20, 2025 admin

BBMP officials remove Optical Fibre Cables (OFC) which were hanging at Avenue Road, Bengaluru in 2018. | Photo Credit: File Photo The story so far: The Coalition for Disaster Resilient Infrastructure (CDRI), a multilateral organisation launched by Prime Minister Narendra Modi in 2019, put out a report earlier this month studying Indian telecom networks’ preparedness…

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High frequency indicators point at sequential pickup in economic activity: RBI bulletin

February 19, 2025 admin

File image. | Photo Credit: Reuters High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday (February 19, 2025). However, a strong dollar, driven…

Business

Google opens Ananta in Bengaluru, one of its largest offices outside America

February 19, 2025 admin

Google’s newly-inaugurated campus ‘Ananta’, in Bengaluru on February 19, 2025. | Photo Credit: PTI Google, the California-headquartered tech major, announced the opening of Ananta, one of Google’s largest offices globally, at Mahadevapura, in the outskirts of Bengaluru on Wednesday (February 19, 2025). The 1.6-million-sq-ft building, Ananta (infinite or limitless in Sanskrit) is built by Bagmane Tech…

Business

Mysuru layoffs: Infosys denies using force, intimidation tactics; says cooperating with labour dept

February 19, 2025 admin

IT services company Infosys on Wednesday (February 19, 2025) said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities. In an interview to PTI, Shaji Mathew, Chief Human Resources Officer at Infosys, however,…

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Sensex, Nifty end marginally lower amid volatile trade

February 19, 2025 admin

The 30-share BSE benchmark Sensex dipped 28.21 points or 0.04% to settle at 75,939.18. Intra-day, it hit a high of 76,338.58 and a low of 75,581.38, gyrating 757.2 points. | Photo Credit: PTI Benchmark indices Sensex and Nifty ended marginally lower in a volatile trade on Wednesday dragged by blue-chip IT stocks. The 30-share BSE…

Business

Tesla picks showroom sites in New Delhi, Mumbai to start India sales, sources say

February 19, 2025 admin

Tesla electric vehicles. File | Photo Credit: Reuters Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, moving closer to its long-delayed plans to sell its electric cars in the country, sources familiar with the matter said. The U.S. carmaker has been hunting for showroom space in…

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UAE’s NMDC Group plans to invest ₹21,000 crore at Vadhvan Port, signs MoU with JNPA

February 19, 2025 admin

View of Container Terminal at Jawaharlal Nehru Port Trust. File | Photo Credit: The Hindu Jawaharlal Nehru Port Authority (JNPA) said it has signed a Memorandum of Understanding (MoU) with NMDC Group PJSC (Formerly National Marine Dredging Company PJSC) for the construction of the Vadhvan Port Project Ltd. in Maharashtra. As per the MoU NMDC Group…

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