Category: Business

Business

Markets rebound in early trade after sharp losses in previous session

September 16, 2026 admin

The 50-share NSE Nifty was up 77.20 points to 23,201.85. File. | Photo Credit: Reuters Market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (September 16, 2026) on value buying after falling sharply in the previous session. Although, elevated oil prices, caution ahead of the U.S. Federal Reserve’s policy decision and foreign…

Business

Decoding India’s GDP base revision

September 15, 2026 admin

‘With the recent base revision of GDP, across the three years for which both series overlap, India’s nominal GDP was revised down by about 2.7% in 2022-23, 3.5% in 2023-24 and 3.8% during 2024-25’ | Photo Credit: Getty Images/iStockphoto Changing the GDP base year is not just about changing how we calculate economic growth. It…

Business

Lessons from India’s smallholder farmers

September 15, 2026 admin

The world of “development” often seems short of convincing answers. Conflict, climate stress, food insecurity, entrenched poverty, and fiscal pressure are exposing the limits of old models. There is wisdom in starting with things as they are, which is where serious development must begin — with honest evidence, practical experience, and results that hold up….

Business

RBI files caveat after rejecting Tata Sons bid to avoid listing, source says

September 15, 2026 admin

The Reserve Bank of India (RBI) — the country’s central bank and banking regulator — has pre-emptively approached the courts seeking to ‌be heard in any matter filed related to the listing of Tata Sons, ⁠a source directly familiar with the matter said. The move follows the RBI’s rejection of Tata Sons’ application to deregister…

Business

Amazon Now crosses $1 billion annualised sales in India in 3 months

September 15, 2026 admin

Amazon Now crosses billion annualised sales in India in 3 months

Amazon logo is seen at its newly inaugurated office in Bengaluru | Photo Credit: Reuters Amazon’s ultra-fast delivery service Amazon Now has crossed $1 billion in annualised gross sales in India, driven by a sharp increase in orders since its launch, the company said on Tuesday. Orders on Amazon Now have doubled every quarter since…

Business

Dr. Reddy’s forays into India’s biosimilar immuno-oncology market, launches Nivorz

September 15, 2026 admin

Dr. Reddy’s Laboratories on Tuesday said it is foraying into the biosimilar immuno-oncology therapy segment in India with the launch of Nivorz, a biosimilar of Bristol Myers Squibb’s Opdivo (nivolumab). The biosimilar has been developed and manufactured entirely in-house at its biologics facility in Bachupally, Hyderabad. The launch reflects the company’s end-to-end capabilities across the…

Business

Flipkart creates 2.5 lakh festive-season jobs, 75,000 for first-time entrants

September 15, 2026 admin

Flipkart, India’s home-grown e-commerce major, said on Tuesday it has generated more than 2.5 lakh direct and indirect employment opportunities, including gig jobs, ahead of the festive season. Nearly 75,000 of these are first-time entrants to India’s workforce. The opportunities will be spread across more than 7,000 Ekart facilities, including fulfilment centres, sortation hubs and…

Business

U.S. FDA issues observation to Aurobindo Pharma arm’s API unit

September 15, 2026 admin

U.S. FDA headquarters in White Oak, Maryland | Photo Credit: Reuters An active pharmaceutical ingredient (API) manufacturing facility of Aurobindo Pharma subsidiary Apitoria Pharma near Hyderabad has been issued an observation by the U.S. Food and Drug Administration (U.S. FDA). Apitoria Pharma’s Unit-II, an API manufacturing facility, in Sangareddy district, was inspected from September 7-15….

Business

Aurobindo Pharma wins U.S. FDA approval for generic asthma inhaler

September 15, 2026 admin

Aurobindo Pharma has received final approval from the U.S. Food and Drug Administration (U.S. FDA) to manufacture and market Beclomethasone Dipropionate HFA Inhalation Aerosol, 40 mcg and 80 mcg. The product is a generic equivalent of QVAR Inhalation Aerosol, 40 mcg and 80 mcg, marketed by Teva Branded Pharmaceutical Products R&D LLC. It is Aurobindo’s…

Business

August retail inflation raises chances of RBI rate hike in October, say economists

September 15, 2026 admin

RBI headquarter | Photo Credit: bl-online Administrator The 20-month-high retail inflation of 4.8% in August 2026 has significantly increased the probability of an interest rate hike by the Reserve Bank of India’s Monetary Policy Committee (MPC) in its next meeting in October, according to economists. Inflation in August as measured by the Consumer Price Index…

Business