Category: Business

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Rupee falls 9 paise to close at fresh record low of 85.20 against U.S. dollar

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Rupee falls 9 paise to close at fresh record low of 85.20 against U.S. dollar

Image for representative purposes | Photo Credit: Reuters The rupee extended its slide for the second straight session and depreciated 9 paise to settle at a fresh all-time low of 85.20 (provisional) against the U.S. dollar on Tuesday (December 24, 2024). The rupee was dragged by a strong greenback against major crosses overseas and subdued…

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Sensex, Nifty settle almost flat in highly volatile trade; metal, power stocks drag

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Sensex, Nifty settle almost flat in highly volatile trade; metal, power stocks drag

Representational image of the Bombay Stock Exchange (BSE) building | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty ended on a flat note in a volatile trade on Tuesday (December 24, 2024), as investors preferred to stay on the sidelines awaiting further triggers amid persistent foreign fund outflows. After gyrating between highs and lows,…

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Viatris’ Indore plant under U.S. FDA scanner, imports of certain products barred 

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Viatris’ Indore plant under U.S. FDA scanner, imports of certain products barred 

The import alert affects 11 actively distributed products that will no longer be accepted into the U.S. until the warning letter is lifted. File. Representational image. | Photo Credit: Reuters Global pharma major Viatris has been issued a warning letter and an alert barring import of a clutch of products from its oral finished dose…

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Biocon, Zentiva get EU approval for generic diabetes, weight management drug

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Biocon, Zentiva get EU approval for generic diabetes, weight management drug

Representational image. | Photo Credit: The Hindu Biocon Ltd and its European partner, Zentiva, have received a decentralised procedure approval in the European Union for their complex formulation, Liraglutide used in the treatment of diabetes and weight management. The approval is for the generic versions of Victoza to treat Type-2 Diabetes and Saxenda used in…

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Business

Markets turn volatile amid unabated foreign fund outflows, mixed trends from Asian peers

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Markets turn volatile amid unabated foreign fund outflows, mixed trends from Asian peers

From the 30 blue-chip stocks, Tata Consultancy Services, Tata Motors, Infosys, Nestle and HCL Tech were among the gainers. Representational image | Photo Credit: Reuters Equity benchmark indices began the day on an optimistic note on Tuesday but soon turned volatile amid unabated foreign fund outflows and mixed trends from Asian markets. The 30-share BSE…

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Business

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

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Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 85.10 and slid further to hit a fresh all-time low of 85.16 against the greenback, registering a loss of 5 paise from its previous closing level. Representational image | Photo Credit: Reuters The rupee fell 5 paise to hit a new all-time low of 85.16 against…

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Business

India’s reliance on China for critical minerals | Explained

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India’s reliance on China for critical minerals | Explained

Villagers show lithium stones discovered in Reasi district, Jammu and Kashmir. | Photo Credit: PTI The story so far: The Ministry of Mines in 2023 identified 30 critical minerals deemed essential for the nation’s economic development and national security. While the report highlighted India’s complete import dependency for 10 critical minerals, it did not fully…

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Business

Markets stage sharp recovery after five days of fall; Sensex climbs 500 points

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Markets stage sharp recovery after five days of fall; Sensex climbs 500 points

From the 30 sensex package, ITC, Tech Mahindra, HDFC Bank, Reliance Industries, IndusInd Bank, Titan, State Bank of India and ICICI Bank were the biggest gainers. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded sharply on Monday (December 23, 2024) after five days of steep decline amid value buying at lower…

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Business

Rupee falls 7 paise to close at 85.11 against U.S. dollar

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Rupee falls 7 paise to close at 85.11 against U.S. dollar

Image used for representative purpose only. | Photo Credit: REUTERS The rupee failed to resist pressure from strengthening American currency and lost 7 paise to settle at 85.11 (provisional) against the U.S. dollar on Monday despite a sharp recovery in domestic equities. According to forex traders, the rupee stayed weak due to significant dollar demand….

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AS-IT-IS Nutrition targets GMV of ₹300 crore in 2025; unveils new campaign

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AS-IT-IS Nutrition targets GMV of ₹300 crore in 2025; unveils new campaign

(From left to right) Co-founder Arvind Jain, Director Pawan Jain, Cricketer Ravindra Jadeja, co-founder Himmath Jain. | Photo Credit: Special arrangement AS-IT-IS Nutrition, a sports nutrition company, said it would clock a Gross Merchandise Value (GMV) of ₹300 crore in 2025 owing to growing sales of its ATOM range of products. The company has launched a…

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