Category: Business

Business

Manufacturers of medical devices seek MRP monitoring of imported devices

January 11, 2025 admin

Medical device manufacturers have called for monitoring of maximum retail prices (MRP) of imported medical devices into India so that domestic consumers can get affordable rates. In its pre-budget memorandum to the Union Ministry of Finance, the Association of Indian Medical Device Industry (AiMeD) has highlighted that the government’s efforts to reduce import duty on…

Business

Trade unions condemn L&T CEO’s statement on work hours

January 11, 2025 admin

File picture of S.N Subrahmanyan, CEO & MD, L&T. | Photo Credit: Special Arrangement The central trade unions (CTUs) condemned the statement by the chairman and managing director of Larsen & Toubro (L&T) Limited S.N. Subrahmanyan that working hours must be extended to 90 hours per week, and asking employees to come to work on Sundays…

Business

RSS affiliate condemns 90-hour work week remark

January 11, 2025 admin

Larsen & Toubro (L&T) chairperson S Subrahmanyan. Dattopant Thengadi foundation (DTF), an affiliate for the Rashtriya Swayamsewak Sangh (RSS), which works in the field of social, economic, and labour policy in India, has condemned Larsen & Toubro (L&T) chairperson S Subrahmanyan’s advocacy of a 90-hour week day. In a communique, the DTF says that the…

Business

AIG Hospitals to establish ₹800 crore oncology centre in Hyderabad with Proton Beam Therapy

January 11, 2025 admin

Speaking about the initiative, Dr. D. Nageshwar Reddy, chairman of AIG Hospitals, highlighted the transformative potential of the project. | Photo Credit: Special arrangement AIG Hospitals is set to induct Proton Beam Therapy, a ground-breaking technology for treating cancer. The hospital on Saturday (January 11, 2025) announced that its board has approved an investment of…

Business

Life insurers’ new premium slump second month in a row, down 22% in December to ₹30,218.71 crore

January 11, 2025 admin

New business of LIC for December was down more than 41% at ₹13,523.87 crore (₹22,981.28 crore), while for the nine months it was 7.16% higher at ₹1,57,955.95 crore (₹1,47,405.59 crore). File | Photo Credit: Reuters New business of life insurers declined almost 22% year on year in December to ₹30,218.71 crore on the back of tight…

Business

Pensioners’ delegation calls upon Finance Minister; demands ₹7,500 minimum monthly pension under EPS-95

January 11, 2025 admin

According to a statement issued by EPS-95 National Agitation Committee, the Finance Minister has conveyed to the delegation that their demands would be reviewed and addressed in a sympathetic manner. File | Photo Credit: PTI A delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on Friday (January 10, 2025) to press for their long-pending…

Business

Indian economy likely to be ‘a little weaker’ in 2025: IMF MD

January 11, 2025 admin

International Monetary Fund (IMF) Managing Director Kristalina Georgieva. File | Photo Credit: Reuters The Indian economy is expected to be “a little weaker” in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Ms. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade…

Business

Remembering Bim Bissell, ‘tireless promoter and patron’ of FabIndia

January 10, 2025 admin

Few redefined traditional Indian textile aesthetics in the vocabulary of the modern quite like Bimla ‘Bim’ Bissell, the visionary revivalist and the driving force behind the crafts-rooted ‘everything Indian’ brand FabIndia. On Friday (January 10, 2025), her friends, contemporaries and the brand she propelled to greater heights remembered the dynamic woman who was so much…

Business

India’s forex kitty drops $5.69 billion to $634.58 billion

January 10, 2025 admin

India’s forex kitty drops .69 billion to 4.58 billion

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $5.693 billion to $634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday (January 10, 2025). In the previous reporting week, the overall kitty had declined by $4.112 billion to $640.279 billion. The…

Business

Sensex, Nifty extend losses into 3rd session on surging crude prices, FII outflows

January 10, 2025 admin

FIIs offloaded equities worth ₹7,170.87 crore on Thursday (January 9, 2025), according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday (January 10, 2025), in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown…

Business