Sun Pharma Signs MFN Pricing Agreement with US Medicaid Program
Sun Pharmaceutical Industries agrees to MFN pricing for US Medicaid, impacting India's pharmaceutical sector and reshaping US supply chains.
Business
India's GDP Records 7.8% Growth Amid Global Challenges
India's GDP grew by 7.8% in Q1, reflecting resilience despite global upheaval. Prime Minister Modi urges self-reliance and domestic spending.
Escalating US-Iran Tensions Push Oil Prices Over $100
Fears of extended conflict in the Middle East see regional oil prices surge past $100, exacerbated by rising bond yields and economic concerns.
NCLT Issues Notices to Subhash Chandra Amid Insolvency Proceedings
The National Company Law Tribunal bars Subhash Chandra from disposing of properties as insolvency proceedings continue.
Apple CEO Tim Cook Expresses Sentiments on Leaving Role
Tim Cook shared his thoughts on stepping down as Apple CEO, reflecting on his time at the helm of the tech giant.
India's GDP Grows by 7.8% Amid Global Turmoil
India's economy records a surprising 7.8% growth despite challenges posed by geopolitical tensions and economic measures.
HDFC Bank Faces Leadership Transition Following CEO's Departure
HDFC Bank's CEO Sashidhar Jagdishan announces retirement, stirring market reactions and raising concerns about future leadership.
Oil Prices Surpass $90 Amid Ongoing Conflict in Middle East
Escalating tensions in the Middle East push oil prices above $90 as the Strait of Hormuz remains closed, impacting global markets.
Indian Stock Markets Decline Amid Rising Oil Prices and Fed Concerns
Indian stock indices Sensex and Nifty experience significant declines as rising crude prices and Federal Reserve fears weigh on market sentiment.
Essel Group Chairman Subhash Chandra Assures Lenders on Debt Repayment
Subhash Chandra confirms repayment strategy for outstanding dues amid creditor challenges in insolvency proceedings.
Megha Engineering Secures $700 Million for Stake Acquisition
Managing Director PV Krishna Reddy seeks private credit to acquire majority stake in Megha Engineering, emphasising growth in private funding in India.
India Projects Steady 7% Growth Amid Global Economic Challenges
Union Finance Minister Nirmala Sitharaman asserts India will maintain a 7% growth rate despite global economic uncertainties, addressing diaspora in Chicago.
Gold and Silver Prices Fluctuate Amid US Economic Data Focus
Gold and silver rates have seen significant volatility following a recent drop. Market analysts scrutinise US job data and Federal Reserve policies.
Delhi Auto and Taxi Unions Demand Fare Increase Amid CNG Price Surge
Auto and taxi unions in Delhi are demanding fare hikes due to increased CNG costs, threatening strikes if their requests are not met.
Indian Equity Markets Decline Amid Interest Rate Concerns
India's equity benchmarks saw losses for a third week as investor uncertainty around interest rates weighed heavily on market sentiment.
Ather Energy Launches Konarc Scooter Starting at ₹99,999 in India
Ather Energy's new Konarc electric scooter offers up to 200 km range, launching at an accessible price of ₹99,999, targeting mass-market consumers.
Tata Sons Secures Extension for Annual General Meeting
Tata Sons receives Registrar of Companies' approval to postpone AGM to December, ensuring important shareholder decisions can be made.
New York Federal Reserve Leader Addresses Inflation Concerns
Federal Reserve President John Warsh highlights persistent inflation and the need for action to achieve 2% target.
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Securities Regulator Bars Debock Industries and MD for Fraud
Sebi imposes a seven-year ban on Debock Industries and its MD Mukesh Singh for accounting fraud, alongside significant monetary penalties.
Subhash Chandra Disputes Insolvency Claims Amid Repayment Efforts
Essel Group's Subhash Chandra claims significant repayment progress as he challenges insolvency figures and seeks independent audit.
Jio Platforms Secures Approval for ₹37,700 Crore IPO
Jio Platforms receives SEBI nod for a ₹37,700 crore IPO, likely to be India's largest, valuing the company at ₹9.5 trillion.
HDFC Bank to Challenge Court Ruling on Subhash Chandra’s Settlement
HDFC Bank plans to appeal a court decision allowing Subhash Chandra a significant debt settlement, raising concerns over creditor rights.
Meta's Sandhya Devanathan Transitions to OpenAI Following Tenure
After a decade at Meta, Sandhya Devanathan is set to join OpenAI as Vice President for Southeast Asia and Australia.
Indian Stock Markets Recover as IT Firms See Increased Buying
The Indian stock market rebounded, ending a two-day decline, with the BSE Sensex rising 331 points due to increased purchasing in IT companies.
HDFC Bank Faces US Class Action Over Alleged Misleading Disclosures
An HDFC Bank investor has filed a securities fraud lawsuit in the US, claiming misleading financial disclosures linked to payments to Maharashtra's road agency.
Kyrgyzstan Celebrates Independence with World Nomad Games 2023
Kyrgyzstan hosts the World Nomad Games coinciding with its 35th independence anniversary amid a gathering of global leaders.
Leaders Gather in Bishkek for SCO Summit Amid Global Tensions
Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, and Russian President Vladimir Putin meet at SCO summit in Kyrgyzstan to discuss trade and security.
Pakistan PM's Image Edit at SCO Summit Draws Criticism
Shehbaz Sharif's office crops leaders from SCO photo, provoking backlash as India shares full group image.
Nepal Faces Aftermath of Deadly Flash Floods One Week Later
One week after devastating flash floods and mudslides, Nepal continues recovery efforts as the death toll rises and hopes for survivors dwindle.
US Airstrike Allegedly Targets Wedding in Iran, Five Dead
Iran reports a US airstrike on a wedding event in Sirik, claiming five fatalities and numerous injuries amid escalating tensions in the region.
Concerns Rise as Global Inflation Rates Remain High
Global inflation levels continue to be high, raising concerns among investors and policymakers alike as economic recovery faces significant challenges.
US Army Secretary Dan Driscoll Resigns Amid Tensions
Dan Driscoll has resigned as US Army Secretary after 18 months, following reported conflicts with Defence Secretary Pete Hegseth.
Israeli Forces Capture Hamas Security Chief in Gaza
Israel announces the capture of Hamas's internal security chief during a military operation in Gaza.
Apple Maps Changes Lake Ontario to Lake America Following US Order
Apple Maps has renamed Lake Ontario to Lake America for US users, following an executive order by President Trump amid trade tensions with Canada.
Sun Pharma Signs MFN Pricing Agreement with US Medicaid Program
Sun Pharmaceutical Industries agrees to MFN pricing for US Medicaid, impacting India's pharmaceutical sector and reshaping US supply chains.