Category: Business

Business

NASSCOM strongly responds to DHS’ proposal to fix H-1B visa fee at $103,265

August 25, 2026 admin

NASSCOM strongly responds to DHS’ proposal to fix H-1B visa fee at 3,265

The new $103,265 H-1B executive rule was a proposed U.S. Department of Homeland Security regulation in which the public has 30 days to comment, and according to the U.S administration. File | Photo Credit: Getty Images/iStockphoto Strongly responding to the U.S. Department of Homeland Security (DHS)’s proposal to fix the H-1B visa fee at $103,265…

Business

West Asia conflict weighing on business confidence: RBI Bulletin

August 25, 2026 admin

The West Asia conflict remains a challenge to the supply chains of oil and other key commodities and is weighing on business confidence, Reserve Bank of India (RBI) officials stated in the August edition of RBI Bulletin which was released on Tuesday (August 25, 2026). | Photo Credit: Reuters The West Asia conflict remains a…

Business

Air India seeks $1.5 billion from owners Tata, Singapore Air as losses mount, sources say

August 25, 2026 admin

Air India seeks .5 billion from owners Tata, Singapore Air as losses mount, sources say

Image used for representational purposes only. | Photo Credit: Reuters Air ‌India is seeking about $1.5 billion in fresh equity from its owners, Tata Sons and Singapore Airlines, months after the ⁠second-largest Indian airline posted a record annual loss, two people familiar with the matter told Reuters. Also read | Air India’s FY26 losses more…

Business

Dr. Reddy’s CDMO arm Aurigene inks long-term manufacturing pact with global pharma major

August 25, 2026 admin

Dr. Reddy’s Labs | Photo Credit: The Hindu Contract research, development and manufacturing organisation Aurigene Pharmaceutical Services, a subsidiary of Dr. Reddy’s Laboratories, has entered into a long-term manufacturing and supply agreement (MSA) with a leading global pharmaceutical company. Under the agreement, Aurigene will undertake commercial drug-product manufacturing and supply for a diversified portfolio targeting…

Business

Natco Pharma invests $14mn in biotech firm eGenesis; total investment at $22mn

August 25, 2026 admin

Natco Pharma invests mn in biotech firm eGenesis; total investment at mn

Generic drugmaker Natco Pharma is investing an additional $14 million in U.S.-based biotechnology company eGenesis, which is developing genetically engineered, human-compatible organs for transplantation. The latest investment will be made through convertible promissory notes by Natco Pharma’s subsidiaries. Natco Pharma (Canada) Inc. will invest $9.5 million, while Natco Pharma South Africa Proprietary Ltd will contribute…

Business

Aurobindo arm Lannett’s facility in U.S. gets 4 U.S. FDA observations

August 25, 2026 admin

The U.S. Food and Drug Administration (FDA) has issued four observations to Lannett Company LLC, a U.S. subsidiary of Aurobindo Pharma, following a routine inspection of its manufacturing facility in Seymour, Indiana. The inspection was conducted from August 17 to 21 and concluded with four observations, which the company described as procedural in nature. Aurobindo…

Business

Markets bounce back as crude oil drops below $90 per barrel; Sensex climbs 287 points

August 25, 2026 admin

Markets bounce back as crude oil drops below per barrel; Sensex climbs 287 points

Representational image of the BSE bull at Bombay Stock Exchange in Mumbai | Photo Credit: PTI Market benchmark indices Sensex and Nifty recovered their intraday losses and ended higher on Tuesday (August 25, 2026) as fag-end buying and sharp decline in crude oil prices calmed investors’ sentiment. After remaining in negative territory for most part…

Business

Rupee rises 24 paise to close at 95.46 against U.S. dollar

August 25, 2026 admin

Image for representation only | Photo Credit: Reuters The rupee pared initial losses and settled for the day higher by 24 paise at 95.46 (provisional) against the U.S. dollar on Tuesday, driven by positive domestic markets, a weaker greenback, and a fall in crude oil prices. Forex traders said the overall weakness in the U.S….

Business

Delhi HC asks FSSAI not to cancel ITC’s licence over ‘100%’ claims

August 25, 2026 admin

The Delhi High Court granted interim protection to ITC on its petition challenging the FSSAI advisories and notices to discontinue the usage of the term “100%” for its product or face suspension of FSSAI License. File The Delhi High Court on Tuesday (August 25, 2026) asked the Food Safety and Standards Authority of India (FSSAI)…

Business

Four India-based companies bear the brunt of U.S.’ Iran sanctions

August 25, 2026 admin

U.S. Treasury Secretary Scott Bessent speaks during a press conference to outline further sanctions against Iran, at the Treasury Department in Washington, D.C., U.S., on August 24, 2026. | Photo Credit: Reuters The U.S. has sanctioned four India-based companies for importing petroleum and petrochemical products from Iran, according to a press release by the U.S….

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