Category: Business

Business

Gland Pharma to set up sterile manufacturing suite for Neuland Labs

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Gland Pharma to set up sterile manufacturing suite for Neuland Labs

Gland Pharma and Neuland Laboratories have entered into a long-term CDMO partnership under which the former will be establishing a dedicated suite at its facility in Visakhapatnam to support Neuland’s growing demand of sterile APIs. Together, they would offer an integrated CDMO (Contract Development and Manufacturing Organization) solution covering development, scale-up, regulatory support and commercial…

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Tewolde Gebremariam is Air India’s new CEO

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Tewolde Gebremariam is Air India’s new CEO

Tewolde Gebremariam. | Photo Credit: Special Arrangement Air India has appointed Tewolde Gebremariam as its new CEO. A former Ethiopian Airlines chief, he was most recently selected to lead Pakistan International Airlines. He will succeed Campbell Wilson, who took charge of the airline soon after it was handed over to Tatas in 2022. Also Read…

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Business

Sensex gains 152 points in volatile session as RBI keeps policy rates unchanged

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Sensex gains 152 points in volatile session as RBI keeps policy rates unchanged

Benchmark BSE Sensex closed higher by 152 points in a volatile session on Wednesday (August 5, 2026) after the Reserve Bank of India kept its key policy rates unchanged for the fourth consecutive time. The 30-share BSE Sensex rose by 152.05 points, or 0.19%, to end at 78,581 with 17 of its constituents closing with…

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Rupee gains 13 paise to close at 95.15 against U.S. dollar post-RBI policy decision

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Rupee gains 13 paise to close at 95.15 against U.S. dollar post-RBI policy decision

Representative image. | Photo Credit: Getty Images/iStockphoto The rupee gained 13 paise to settle at 95.15 (provisional) against the U.S. dollar on Wednesday (August 5, 2026), after the Reserve Bank of India kept the key policy rate unchanged for the third time in a row in FY27 amid the West Asia crisis. Forex traders said…

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Business

RBI targeting polymer currency notes launch in early FY28: Sanjay Malhotra

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RBI targeting polymer currency notes launch in early FY28: Sanjay Malhotra

Governor Sanjay Malhotra speaks during a press conference at the RBI headquarters in Mumbai on August 5, 2026. | Photo Credit: AP Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday (August 5, 2026) said the RBI is targeting to launch long-lasting polymer currency notes at the beginning of the next financial year. Speaking…

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Business

SIAM withdraws earlier letter to Govt that had flagged chloride-related concerns with E20

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SIAM withdraws earlier letter to Govt that had flagged chloride-related concerns with E20

Representational file image. | Photo Credit: SUDHAKARA JAIN The Society of Indian Automobile Manufacturers (SIAM) late on Tuesday (August 4, 2026) withdrew its earlier letter to the government that had flagged concerns about vehicular parts experiencing either corrosion or wear due to the high chloride presence in E20 fuel, saying the data would require further…

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Business

Rupee jumps 39 paise to 94.89 against U.S. dollar

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Rupee jumps 39 paise to 94.89 against U.S. dollar

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee gained 39 paise to 94.89 against the U.S. dollar in early trade on Wednesday (August 5, 2026), supported by falling crude oil prices following progress in U.S.-Iran talks and a pause in planned strikes. Forex traders said investors are closely…

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Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited

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Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited

Foreign Institutional Investors (FIIs) bought equities worth ₹2,446.47 crore on Tuesday, according to exchange data. File | Photo Credit: ANI Stock market benchmark indices Sensex and Nifty climbed in early trade on Wednesday (August 5, 2026) following a decline in crude oil prices and foreign fund inflows. The 30-share BSE Sensex climbed 397.59 points to…

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Business

RBI MPC keeps policy rate unchanged at 5.25%

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RBI MPC keeps policy rate unchanged at 5.25%

Reserve Bank of India (RBI) Governor Sanjay Malhotra. File | Photo Credit: Reuters The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) maintained the repo rate at 5.25% amid global uncertainties. The RBI announced its monetary policy decision on Wednesday (August 5, 2026). MPC unanimously decided in favour of the status quo on the…

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