In a move aimed at providing relief to cancer patients, the National Pharmaceutical Pricing Authority (NPPA) has directed drug manufacturers to reduce the maximum retail price (MRP) of three crucial cancer drugs. This directive follows the government's decision to exempt Trastuzumab Deruxtecan, Osimertinib, and Durvalumab from Customs duty and reduce GST rates on these medications.
Internally, Trump has already indicated his administration will differ markedly from his prior one. Many key figures from his first term, such as John Kelly and John Bolton, have either distanced themselves from him or openly opposed his leadership, suggesting a fresh team with potentially distinct policy goals. This shift could result in notable changes across domestic and foreign policy fronts. The entry of people like Elon Musk, Vivek Ramaswamy and Robert F. Kennedy Junior could mean very different... Читать дальше...
Driven by the festive season, Indian auto retail sales surged 32% in October, fueled by strong demand for two-wheelers and passenger vehicles. Rural markets and new model launches contributed to the growth, though high inventory levels remain a concern for dealers.
Several Indian cricketers, including Rishabh Pant and Shubman Gill, are moving away from traditional sports management agencies to manage their brand endorsements independently. This shift comes as athletes prioritize personal brand building over short-term deals, leveraging social media for direct brand engagement and reducing agency fees.
Skoda Auto is aiming to increase its market share in India with the launch of its new sub-compact SUV, the Kylaq. Priced competitively below its rivals, the Kylaq marks Skoda's return to the segment after 11 years.
Political parties in Maharashtra are urging a delay in sugarcane crushing to allow laborers to vote in the November elections. However, sugar mills oppose the delay, citing potential financial losses and disruptions to ethanol supply. The delay could also lead to sugarcane being diverted to Karnataka and idle labor costs for mills.
As Harris readies her concession speech, it signifies not only the close of a hard-fought campaign but also a defining moment in her political career.
The Supreme Court condemned the Uttar Pradesh government for unlawfully demolishing a man's house without due process. The court deemed the demolition "high-handed" and ordered the state to pay ₹25 lakhs as compensation while initiating criminal proceedings against involved officials. The court emphasized the necessity of notices, objections, and a reasoned order before any demolition, particularly for road widening projects.
Indian automobile and consumer goods companies witnessed growth in exports. Overseas sales increased for companies like Maruti Suzuki, Bajaj Auto and ITC. The Society of Indian Automobile Manufacturers reported a 12% rise in passenger vehicle exports. Industry leaders are optimistic about the future of exports. Some companies are expanding manufacturing capacity to meet growing global demand.
Recent reports are claiming that the US citizens are having plans to relocate themselves to Canada following the victory of Donald Trump in the US Presidential elections.
Three workers tragically lost their lives in an accident at the Mumbai-Ahmedabad High Speed Rail corridor construction site. The incident involved the collapse of a temporary structure during well-sinking work, trapping four workers under concrete blocks. An investigation is underway to determine the cause of the accident and hold those responsible accountable.
In a Nagpur address, Congress leader Rahul Gandhi criticized the RSS, stating that the Constitution embodies the philosophies of figures like Mahatma Gandhi and Buddha. He accused the RSS of using terms like "development" and "economy" to mask their attacks on the Constitution. Gandhi emphasized the importance of a caste census to understand the distribution of assets in the country.
Trump’s “America First” policy could reignite a trade war between Washington and Beijing. Some experts, however, see a window of opportunity for India to ramp up its supplies to the US. This is because Trump has vowed to punish China with much higher tariffs than other nations to restore bilateral trade balance. Also, given its more domesticallyoriented economy, India would be less vulnerable to higher tariffs than China, Barclays said in a report on Wednesday. “We estimate Trump’s tariff proposals would subtract 2% from China’s GDP ... Читать дальше...
A Republican landslide in the US presidential election signals the return of Trumpism. The victory sets the stage for a more assertive foreign policy, particularly towards China. Trump's second term is expected to prioritize American primacy, potentially impacting allies like India. While trade deals with China are possible, military pressure in the Indo-Pacific is likely to intensify, demanding India's greater security participation.
Niva Bupa Health Insurance Company secured Rs 990 crore from anchor investors, a day before its IPO launch. The IPO, open from November 7-11, aims to raise Rs 2,200 crore with a price band of Rs 70-74 per share. The company plans to utilize the funds to strengthen its capital base and for general corporate purposes.
The State Bank of India predicts India's economic growth will slow to 6.5% in the second quarter of this fiscal year, but rebound to 7.2-7.3% in the third quarter. This projection, based on various consumption indicators, anticipates rural demand as a key driver of recovery, with overall GDP growth for 2024-25 estimated between 6.9-7%.
NCP leader Ajit Pawar has assured the Supreme Court that he will issue a new disclaimer within 36 hours, clarifying that the use of the "clock" symbol by his faction in the Maharashtra assembly elections is a sub-judice matter.
India's services sector saw a resurgence in October, driven by robust demand and increased sales, according to the HSBC India Services Purchasing Managers' Index (PMI). The PMI rebounded to 58.5 from a 10-month low, indicating strong expansion in output, consumer demand, and job creation.
As Donald Trump readies for a return to the White House after his projected victory over Vice President Kamala Harris, he has outlined a set of initiatives he pledges to implement immediately upon assuming office.
Vladimir Putin's Russia has sent a stern message to President-elect of USA Donald Trump.
China watches cautiously as Donald Trump, known for his tough stance on Chinese economic policies and tariffs imposed during his first term, returns to the US presidency. India, meanwhile, closely observes Trump's approach towards both China and Iran, particularly after his previous withdrawal from the Iran nuclear deal impacted India's oil imports and trade relations.
The Indian government is considering granting infrastructure status to the entire shipping sector. This move would provide the industry with access to financial assistance and concessions, boosting the indigenous shipping industry. The finance ministry is currently consulting with banks and financial institutions before a final decision is made.
Global central bankers are bracing for potential economic upheaval as Donald Trump's return to the US presidency threatens to ignite trade wars, exacerbate budget deficits, and disrupt labor markets. These policies could stifle global growth, fuel US inflation, and limit the ability of central banks worldwide to ease monetary policy.
CNN and MSNBC anchors expressed their emotions in the early hours following former President Donald Trump's surprise re-election.