Category: Business

Business

Partial FDI opening in e-commerce “almost worse” than no opening: Competere chief

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Partial FDI opening in e-commerce “almost worse” than no opening: Competere chief

Shanker Singham, President and Chairman of the Competere Foundation for Trade and Competition Policy | Photo Credit: Special Arrangement India’s partial opening up of foreign direct investment (FDI) rules in the e-commerce sector could be “almost worse” for competition than maintaining an outright ban on FDI, according to Shanker Singham, President and Chairman of the…

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Hexaware eyes slice of $900 billion SaaS market with AI-enabled software, even as AI-infused revenue tops 50%

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Hexaware eyes slice of 0 billion SaaS market with AI-enabled software, even as AI-infused revenue tops 50%

Hexaware Technologies is going after a slice of the $900 billion global SaaS market, betting that AI has made it cheap and fast enough to build custom software that can replace licensed enterprise applications rather than simply migrate customers from one subscription vendor to another. “It’s no longer expensive or time consuming to build custom…

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Business

RBI sees forex inflows of $72.85 billion via FCNR (B), OFCB, ECB Swap facility

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RBI sees forex inflows of .85 billion via FCNR (B), OFCB, ECB Swap facility

Image used for representational purposes only. Photo: Special Arrangements. The Reserve Bank of India (RBI) on Saturday (August 22, 2026) said that $72,85 billion [$72,848 million] of foreign exchange has been generated via FCNR(B) Deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) under the Reserve Bank Swap facility as on August 21,…

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Business

Govt. working on additional subsidy scheme for polysilicon manufacturing: Official

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Govt. working on additional subsidy scheme for polysilicon manufacturing: Official

Santosh Sarangi, MNRE Secretary | Photo Credit: bl-online Administrator The government is working to add 30 gigawatts (GW) of polysilicon manufacturing capacity by 2030 and is working on a subsidy scheme, Santosh Sarangi, Secretary at the Union Ministry of New and Renewable Energy, told reporters on the sidelines of an event here today. Mr. Sarangi…

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IRDAI bars life insurers Pramerica, Edelweiss from opening new branches for 6 months

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IRDAI bars life insurers Pramerica, Edelweiss from opening new branches for 6 months

Insurance regulator IRDAI has directed Edelweiss Life Insurance and Pramerica Life Insurance, in separate orders on August 20, not to open new place of business for six months for non-compliance with Expenses of Management (EoM) limits in 2024-25. “The [two life] insurers were warned for their failure to remain within the prescribed EoM limits and…

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Business

PNGRB authorises about 1,800 km LPG pipeline infra with ₹7,000 crore capital investment

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PNGRB authorises about 1,800 km LPG pipeline infra with ₹7,000 crore capital investment

Representational image only. File Photo: Special Arrangement The Petroleum and Natural Gas Regulatory Board (PNGRB) informed on Friday (August 21, 2026) that it has given its green light for the development of approximately 1,800 km of pipeline infrastructure for transporting Liquefied Petroleum Gas (LPG). Spanning across six States — Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka…

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Business

Natco Pharma’s Vizag FDF unit gets 4 U.S. FDA observations

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Natco Pharma’s Vizag FDF unit gets 4 U.S. FDA observations

The U.S. Food and Drug Administration (U.S. FDA) has issued a Form 483 with four observations to Natco Pharma after inspecting the generic drugmaker’s finished dosage formulations (FDF) unit in Visakhapatnam. The U.S. FDA had conducted the inspection from August 17-21. Natco Pharma said it believes the observations are procedural in nature and is confident…

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Business

Zydus secures U.S. FDA nod for scurvy injection generic

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Zydus secures U.S. FDA nod for scurvy injection generic

Zydus Lifesciences has received final approval from the U.S. Food and Drug Administration (FDA) for its abbreviated new drug application for Ascorbic Acid Injection USP, 25,000 mg/50 mL (500 mg/mL), 5,000 mg/10 mL (500 mg/mL). The product, primarily used for the short-term treatment of scurvy, is a generic of reference listed drug Ascor Injection. The…

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U.S. FDA flags Aurobindo arm’s Hyderabad plant

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U.S. FDA flags Aurobindo arm’s Hyderabad plant

The U.S. Food and Drug Administration (U.S. FDA) has issued one observation to AuroPeptides, the peptide API manufacturing subsidiary of Aurobindo Pharma, following a routine inspection of its facility in Sangareddy district near Hyderabad from August 17 to 21. The observation relates to facility and equipment maintenance and does not pertain to data integrity or…

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PFRDA chief puts India’s retirement-income replacement rate at 35–40% versus 60% global level

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PFRDA chief puts India’s retirement-income replacement rate at 35–40% versus 60% global level

India’s retirement-income replacement rate is currently around 35–40%, compared with a roughly 60% level globally, according to Pension Fund Regulatory and Development Authority (PFRDA) Chairman S. Ramann, as the regulator seeks to cover 30 crore people through the National Pension System (NPS) and Atal Pension Yojana (APY) over the next four to five years. “Roughly,…

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