Indian pharmaceutical companies, which benefited from sector tailwinds such as stable generic pricing and shortage-led opportunities and stable costs of raw materials in the past 18-24 months, will make further progress in differentiated and complex generics in the US market in 2025, a report showed on Wednesday. According to a note by HSBC Global Research, … Read more
The FIIs as per Wednesday’s data were net buyers in both equity and debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 20920.38 crore against gross selling of Rs 19053.26 crore. Thus, FIIs stood as net buyers of Rs 1867.12 crore in equities. In the debt … Read more
About 8.6 lakh candidates have enrolled in IndiaAI ‘Future Skills’ initiative of the government, developed in collaboration with industry partners to provide training aligned with the latest requirements, Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, said on Wednesday. In his reply to a Parliament question on the number of people who have got … Read more
The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday. Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a … Read more
As part of its continuous efforts to moderate prices of wheat, the Central government has decided to reduce the Wheat Stock limit for wholesale and retail traders, which will be applicable until March 31, 2025. The limit for wheat stocks has been reduced from 2,000 metric tonnes to 1,000 metric tonnes for wholesale traders, while … Read more
India is set to witness mega residential project launches in the first quarter of 2025 after a strong ‘upgrade’ demand in the premium segment, and developers will need to pivot towards more mid-income housing as luxury housing hits a high base, a report by HSBC Global Research showed on Wednesday. The past four years have … Read more
Union Education Minister Dharmendra Pradhan has asserted that India will become a $30 trillion-economy by 2047. Pradhan said that India, the fastest-growing global economy, is currently in the fifth position and will bag the third spot in the next three years. He said ‘The world didn't even count India on the economic front when XLRI … Read more
The Adani Portfolio of companies appear "most attractive" among Indian corporates, according to Japanese brokerage Nomura, as other Indian corporates stay at “expensive levels” compared to the Group companies. In a new report, the global brokerage said that the ports-to-power conglomerate will also be able to withstand recent turmoil brought on by allegations in an … Read more
Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there. Chinese figures out on Monday showed the consumer price index fell a … Read more
The Indian rupee is expected to be range-bound, along with government bond yields, as they take cues from local and U.S. inflation data this week that is likely to influence expectations of potential rate cuts by central banks. The rupee closed at 84.6875 against the U.S. dollar on Friday, down 0.2% week-on-week. The currency had … Read more
