Category: Business

Business

Former RBI governor calls for greater Centre-State cooperation in fiscal federalism

January 30, 2025 admin

Former Reserve Bank of India (RBI) Governor Duvvuri Subbarao underscored the need for a cooperative approach to India’s fiscal federalism in his BPR Vithal Memorial Lecture at the Centre for Economics and Social Studies (CESS) in Hyderabad on Thursday. Speaking on ‘India’s Fiscal Federalism – Quo Vadis?’ Subbarao traced the evolution of Centre-State financial relations…

Business

Rupee falls 9 paise to close at 86.64 against U.S. dollar

January 30, 2025 admin

The local unit settled at 86.64 (provisional), registering a fall of 9 paise over its previous close. File | Photo Credit: V.V. Krishnan The rupee depreciated 9 paise to close at 86.64 (provisional) against the U.S. dollar on Thursday (January 30, 2025), weighed down by a strong U.S. dollar amid a hawkish tone of the…

Business

Stock markets extend gains for 3rd day; Airtel, Reliance major movers

January 30, 2025 admin

Extending the winning run to the third day, benchmark indices Sensex and Nifty closed higher on Thursday (January 30, 2025) on buying in heavyweight stocks Reliance Industries, Bharti Airtel and HDFC Bank. The 30-share Sensex advanced 226.85 points or 0.30% to settle at 76,759.81 in a volatile trade amid the monthly expiration day. During the…

Business

Granules shares gain over 5% on U.S. FDA nod for ADHD generic capsules

January 30, 2025 admin

The parent company’s shares closed 5.49% higher on Thursday (January 30, 2025) at ₹564.40 on the BSE. Photo: X/@GranulesIndia Generic drugmaker Granules has received final approval from the U.S. Food and Drug Administration (U.S. FDA) for its abbreviated new drug application for Attention Deficit Hyperactivity Disorder (ADHD) drug Lisdexamfetamine Dimesylate Capsules in multiple strengths. The generic…

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U.S. FDA nod for Natco Pharma’s generic of Novartis drug

January 30, 2025 admin

Hyderabad-based company Natco Pharma’s shares closed less than 1% lower at ₹1,165.15 on the BSE on January 30, 2025. File Natco Pharma has received U.S. Food and Drug Administration (U.S. FDA) approval for Everolimus tablets for oral suspension, 2mg, 3mg and 5mg, a generic version of Novartis Pharmaceutical Corporation’s Afinitor Disperz. Marketing partner for…

Business

Japanese automaker Nissan says it plans job and production cuts in the U.S.

January 30, 2025 admin

At Nissan’s plant in Smyrna, Tennessee, one production line will maintain two shifts, while the other line will consolidate to one shift, the company said. File | Photo Credit: AP Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to…

Business

Union Budget 2025: Facts related to the Budget as FM Nirmala Sitharaman aims to make history with 8th consecutive presentation

January 30, 2025 admin

Collage of Union Finance Minister Nirmala Sitharaman arriving at Parliament House to present the Union Budget from 2019 to 2024 | Photo Credit: PTI Finance Minister Nirmala Sitharaman on February 1 will present a record eighth consecutive Union Budget that is expected to contain measures to shore up weakening economic growth and ease the burden…

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Prohibitory orders in Haryana’s Manesar ahead of temporary Maruti Suzuki workers’ demonstration

January 30, 2025 admin

File picture of Maruti Suzuki’s manufacturing plant in Manesar. | Photo Credit: Reuters A day before the proposed demonstration by the temporary Maruti Suzuki workers, both currently working with the company or having worked earlier, in support of their demands at Manesar here, the district administration has imposed prohibitory orders “to prevent any unlawful activity”….

Business

Markets bounce back after falling in early trade

January 30, 2025 admin

Benchmark indices Sensex and Nifty bounced back after falling in early trade on Thursday (January 30, 2025). Image for representational purposes only. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty bounced back after falling in early trade largely due to buying in Bajaj Finance and Bajaj Finserv. Buying in smallcap and midcap stocks also…

Business

How can the Budget arrest growth decline? | Explained

January 30, 2025 admin

The Indian economy is going through a rough patch as was evident from the recently released provisional estimates of its Gross Domestic Product (GDP). The underlying growth rate is lower than what was expected and estimated by the government earlier. What is surprising is that, as noted in the last Economic Survey, this slowdown is…

Business