Mankind Pharma partners with Takeda to introduce Vonoprazan for GERD, oesophagitis, ulcers, and Helicobacter pylori in India. EVP Ramesh stresses business growth. Collaborations with AstraZeneca (Symbicort) and Novartis (Neptaz) enhance their strategy. In-licensing, including royalties on sales, expands domestic formulations using local sales networks, improving access to innovative therapies.
Moody's Ratings affirmed HDFC Bank Limited's Baa3 long-term deposit ratings and baa3 Baseline Credit Assessment, maintaining a stable outlook due to India's favorable operating environment. The bank's diversified loan portfolio and profitability support its capital generation and solvency. Despite post-merger profitability challenges, HDFC Bank's asset quality is stable. Upgrades are unlikely due to alignment with India's sovereign rating, with downgrades possible if financial fundamentals deteriorate significantly.
Hyundai India and LG’s IPO plans may influence other multinational companies with significant market shares. With the general election gone by, expectations of a charged-up second half for the primary market are ripe with as many as 55 companies lining up to raise around Rs 68,000 crore.
India aims to boost solar capacity to 849 GW by 2032 from 399.5 GW in 2022, backed by the PM SuryaGhar program. Microinverters mitigate failure risks, ensure 99.8% availability, enhance energy harvest, simplify installation, and cut downtime. They are projected to reach $530 million by 2029, signaling a practical shift in solar technology.
The Nifty Auto index closed 0.25 per cent up at 25482.9.
According to the department, prices of chana, tur and urad in major mandis had declined by up to 4% in the past one month, but retail prices have not seen a similar decline.
According to the department, prices of chana, tur and urad in major mandis had declined by up to 4% in the past one month, but retail prices have not seen a similar decline.
Shafali Verma and Harmanpreet Kaur moved up in ICC T20 rankings after the South Africa series. Harmanpreet is 12th, Shafali 15th. Smriti Mandhana is fifth. Deepti Sharma is third among bowlers, Pooja Vastrakar 23rd, Shreyanka Patil 60th, Radha Yadav 15th. Sarah Glenn, a right-arm spinner, reached 768 points with eight wickets in England vs New Zealand series.
The Nifty Pharma index closed 0.38 per cent down at 20765.45.
TechFini, a Mumbai-based fintech startup, has received approval from NPCI to operate as a UPI-based payment infrastructure provider. The company offers a range of products to simplify payment systems for banks and fintech companies.
The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to more run-of-the-mill service jobs, according to a Bloomberg analysis.
In June, the fund house had the highest allocation of 11.2% in RIL. Adding 20.61 lakh shares increased its weight by 0.3% from the previous month.
The 30-share BSE Sensex closed up 51.69 points at 80716.55
Budget 2024: An integral part of the Budget making process, the Halwa ceremony marks the beginning of compilation of Budget documents.
Bharat Agri Fert & Realty Ltd has announced the launch of a new high-rise housing project, Wembley-24, in Majiwada, Thane, within the Mumbai Metropolitan Region (MMR). The project is expected to generate Rs 800 crore in revenue over the next four years, with an estimated project cost of Rs 300 crore due to company ownership of the land.
The political divide over gun policy is stark. According to a Pew Research Centre report, 79% of Republicans and Republican-leaning independents believe gun ownership increases safety, while 78% of Democrats think it decreases safety. These divisions hinder the formation of a cohesive national gun policy.
The Bajaj Pay Gift Card is a prepaid card for special occasions, usable at partner merchants. It supports ethical shopping, offers up to Rs. 10,000 with budget control, and allows purchases of outfits or gadgets. With personalization options and promotions, it is available on the Bajaj Finserv website or app, making gifting easy and sustainable.
Former J&K Chief Minister Omar Abdullah files for divorce from wife Payal Abdullah after 15 years of separation. Senior attorney Kapil Sibal represents Abdullah in Supreme Court plea. Court agrees to consider divorce case and gives Payal six weeks to respond. Delhi High Court's previous ruling on divorce application challenged by Abdullah.
Formed amid NEET irregularities, the NTA panel led by former ISRO chief Radhakrishnan collected 37,000 responses from June 27 to July 7. It aims for transparent grace marks, normalisation, and better exam centers. Including prominent members, it targets report submission soon and reviews security protocols for exam integrity.
Union Minister Shobha Karandlaje called for Karnataka Chief Minister Siddaramaiah's resignation on Tuesday, alleging his involvement in the Mysuru Urban Development Authority and Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation scams. She claimed that Siddaramaiah, who also holds the state finance minister's portfolio, is attempting to cover up financial irregularities.
Experts at a two-day meet in New Delhi last week discussed the India-USA partnership shaped by commerce, technology, people, and security. Pradeep S Mehta, Secretary General of CUTS International, emphasized that while India and the US maintain a strong friendship, they are not formal treaty allies. This partnership grows amidst a stable relationship with Russia, which India views as a balancing force against China.
The NSE Nifty index closed 26.3 points up at 24613.0
Power tariff for different sections of consumers was revised in Tamil Nadu on Monday and this was part of the measures to offset the mounting financial losses incurred over the years
