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In India, Siemens AG has 32,000 employees and 32 factories. | Photo Credit: Reuters “India is likely to be Siemens AG’s third or fourth biggest market in three years considering a large-scale infrastructure growth taking place in India,” said Peter Koerte, Member of Managing Board, CTO & Chief Strategy Officer, Siemens AG, on Tuesday (November…
Aurobindo Pharma Director and CEO of Biologics, Vaccines and Peptides Satakarni Makkapati said “This inspection outcome paves way for securing approvals for three biosimilars in Europe, currently under review by the Agency, within the next two to five months.” | Photo Credit: The Hindu Aurobindo Pharma subsidiary CuraTeQ Biologics has received a GMP certificate of…
Read More “Aurobindo arm CuraTeQ Biologics gets GMP certificate from EMA ” »
A view of the BCCI headquarters in Mumbai. The BCCI told the National Company Law Tribunal (NCLT), Bengaluru that it would move an application for withdrawal of its insolvency plea against ed-tech firm Byju’s. | Photo Credit: The Hindu The Board of Control for Cricket in India (BCCI) on Tuesday (November 12, 2024) told the…
Representational file image. | Photo Credit: ANI A sharp fall in the equity market made investors poorer by ₹5.29 lakh crore on Tuesday when the BSE benchmark Sensex tumbled over 800 points. A host of negative triggers — muted quarterly earnings, continuous foreign fund outflows and weak trends in Asian and European markets — dragged…
Read More “Market investors become poorer by ₹5.29 lakh crore amid massive correction in stocks” »
Head office of Natco Pharma in Hyderabad. File | Photo Credit: Reuters Generic drugmaker Natco Pharma consolidated net profit surged 83% to ₹676.5 crore for the quarter ended September, from ₹369 crore a year earlier, on the back of a robust growth in formulations exports. Total revenue of the company, which is also into crop…
Read More “Natco Pharma Q2 net surges 83% to ₹677 crore on robust growth in formulation exports” »
Photo used for representation purpose. File | Photo Credit: K. Murali Kumar India’s industrial output returned to the positive trajectory with a moderate uptick of 3.1% in September, after recording the first contraction in 21 months this August, led by a 3.9% growth in manufacturing output even as electricity and mining sectors clocked a mere…
Read More “Industrial output returns to positive trajectory in September” »
A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. | Photo Credit: Sushil Kumar Verma A 10.9% spike in food prices lifted India’s retail inflation…
Read More “India’s retail inflation surges to 6.2% in October” »
Photo used for representation purpose only. | Photo Credit: Reuters The rupee fell 1 paisa to a new lifetime low of 84.39 (provisional) against the U.S. dollar on Tuesday (November 12, 2024) as persistent foreign fund outflows and a strengthening greenback against major crosses overseas dented investor sentiments. Forex traders said the rupee is likely…
Read More “Rupee slips 1 paisa to close at fresh all-time low of 84.39 against U.S. dollar” »
Equity benchmark indices Sensex and Nifty slumped 1% each due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global trends. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty slumped 1% each on Tuesday (November 12, 2024) due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global…
Read More “Sensex, Nifty slump 1% amid unabated foreign fund outflows, weak global trends” »
Union Minister for Communications Jyotiraditya Scindia | Photo Credit: PTI Even as consortiums led by HFCL Ltd and ITI Ltd bagged major contracts to roll out middle mile networks in BharatNet, the government’s programme to cover all gram panchayats with access to fiber-optic broadband bandwidth, Communications Minister Jyotiraditya Scindia said on Tuesday (November 12, 2024)…
Read More “Lots of learnings from BharatNet’s first two phases: Telecom Minister” »