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Natco Pharma subsidiary in the U.S. is facing a complaint from global healthcare company Fresenius over marketing of Diazepam injection prefilled syringe in the country. “Fresenius Kabi USA, LLC and Fresenius Kabi Deutschland GmbH have filed a complaint against Natco Pharma USA LLC [formerly known as Dash Pharmaceuticals LLC] in the District Court of Delaware…
Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded from its all-time low levels and appreciated 12 paise to 83.49 against the U.S. dollar in early trade on April 18, supported by a firm trend in domestic equities and tracking gains in Asian currencies. Forex traders said the local unit gained ground…
Read More “Rupee rises 12 paise to 83.49 against U.S. dollar in early trade” »
Equity benchmark indices rebounded in early trade on Thursday, April 18, 2024, after falling for the past three days amid a rally in Asian markets along with buying in index majors State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up…
Read More “Stock Market Today: Markets rebound in early trade after three days of decline” »
A poll official works on Electronic Voting Machines (EVMs) at a distribution centre in Coimbatore on April 11, 2024, ahead of the country’s upcoming general elections. | Photo Credit: R. SATISH BABU An analysis of economic, social and environmental indicators of Tamil Nadu, which is headed to the national polls this Friday, shows that the…
Read More “Election-bound Tamil Nadu among top States in many socio-economic measures: Data” »
Image used for representative purpose only. | Photo Credit: RAJESH N India’s power consumption grew nearly 10% year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data. According to the data, power consumption in the country rose…
UN Trade and Development (UNCTAD) in its report released on Tuesday said that India grew by 6.7% in 2023 and is expected to expand by 6.5% in 2024, continuing to be the fastest-growing major economy in the world. | Photo Credit: REUTERS India’s economy is projected to grow by 6.5% in 2024, according to a…
Read More “Indian economy projected to grow 6.5% in 2024: UNCTAD” »
Manufacturing’s share in new investments, declined from almost 54% in 2022-23 to 33.8% of the ₹35.22 lakh crore outlays announced last year. | Photo Credit: REUTERS Fresh investment plans by the private sector fell 15.3% in 2023-24, while foreign investors slashed new outlays by almost a third, dragging down the value of new investment announcements…
Read More “New private investments dropped over 15% in 2023-24; States led capex growth” »
Billionaire Gautam Adani’s family infused an additional ₹8,339 crore in Ambuja Cements, raising its stake in the company to 70.3%, to help the cement maker’s manufacturing capacity. The Adani family previously invested ₹5,000 crore in the company on October 18, 2022, and ₹6,661 crore on March 28, 2024. With the latest investment, it has completed…
Read More “Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%” »
Data from the Oil Ministry showed that India paid $132.4 billion for oil imports in FY24. File | Photo Credit: Reuters India’s crude oil import dropped 16% in the fiscal year ended March 31 due to lower international rates, but the dependency on overseas suppliers rose to a new high, official data showed. India imported…
Read More “India’s crude oil import bill falls, but import dependency hits new high” »
The procession of the Sree Padmanabhaswamy temple, as part of the Painkuni festival, crosses the runway of the Thiruvananthapuram international airport in Kerala. File | Photo Credit: C. Ratheesh Kumar Flight services from the international airport in Thiruvananthapuram will be suspended for five hours on April 21 for the smooth continuation of the holy ‘Painkuni…
