Biocon Biologics plans to reduce its acquisition debt by $300 million over the next year. The company recently refinanced $1.1 billion in debt, providing more financial flexibility. Biocon aims to capitalize on the growing insulin market, with plans to double its insulin production capacity in Malaysia.
Maharashtra is gearing up for its state assembly elections on Wednesday, November 20th. While public transportation and healthcare services will continue to operate, government offices, educational institutions, and banks will be closed. Liquor sales will also be prohibited for three days surrounding the election.
India's healthcare sector is witnessing a surge in demand for women professionals. Government spending and private sector expansion are driving this growth. Apna.co, a job platform, reports 60% of healthcare jobs target women. Demand is high for roles like nurses, pharmacists, and technicians. This trend is observed in both major cities and smaller towns.
The Nifty Realty index closed 1.48 per cent at 966.30.
India achieved gender parity in education. The country is now working towards increasing women's workforce participation, especially in non-traditional sectors. India is also addressing gender pay gaps and the digital divide. The government is implementing policies to ensure women's safety and financial inclusion. India increased its gender budget to further these goals.
The National People's Party (NPP) withdrew support from the BJP-led Manipur government, citing a lack of confidence in Chief Minister N Biren Singh. The NPP, however, clarified that it remains part of the NDA and may reconsider support if there's a leadership change. The move comes amid ongoing ethnic violence and calls for Biren Singh's replacement from within the BJP.
Indian Hotels Company Ltd (IHCL) plans to double its revenue to Rs 15,000 crore over the next five years. The company will expand its portfolio to over 700 hotels. IHCL aims to achieve this growth through a combination of traditional businesses and new ventures. The company's strategy focuses on capital-light growth, with a significant portion coming from management fees.
Union Minister Giriraj Singh accused the JMM-Congress coalition of aiming to turn Ranchi into Karachi and other Jharkhand districts into Bangladesh. He urged voters to prioritize the safety of women and prevent the division of the majority community's votes. Singh also criticized Congress leaders for using divisive language and alleged their silence on religious conversions in Bihar.
RMZ and Colt Data Centre Services have partnered to invest USD 1.7 billion in Indian data centres. The joint venture will focus on developing sites in Navi Mumbai, Chennai, and a third location to be determined. The data centres will have a combined capacity of 250MW. This partnership aims to capitalize on the growing demand for digital infrastructure in India.
In the Nifty50 index, 26 stocks closed in the green, while 24 stocks ended in the red.
The CCPA is developing guidelines for the diamond industry to improve transparency and consumer protection. The guidelines aim to standardize terminology and require clear labeling of diamonds, differentiating between natural and lab-grown diamonds. The CCPA held a consultation with industry stakeholders to discuss these guidelines and address concerns about misleading practices.
The Nifty Pharma index closed 1.04 per cent at 21768.85.
Google, the internet giant, has an antitrust violation filed by the Justice Department of the United States that has been spanning for almost 4 years now, starting from October 20, 2020. Here is a timeline of the progress of the case throughout the years.
Marius Borg Høiby, the son of Norwegian princess, has been arrested by police on suspicion of charges. Marius Borg Høiby was born from a relationship prior to Mette-Marit’s 2001 marriage to Crown Prince Haakon. He has no royal title or official duties. Marius Borg Høiby has been arrested earlier too for physically assaulting his girlfriend and violating his restrictive order.
Kamala Harris has been a phenomenal candidate in the US Presidential elections 2024, in terms of her overall presence and her striving efforts towards fundraising, which was certainly more than Trump's. But, that did not stop her from losing the US election race. A latest report states how much Kamala Harris ended up spending for Oprah Winfrey for a town hall event.
Indian indices ended flat, with stocks like Zee Entertainment, PG Electroplast, PSP Projects, and Suzlon Energy seeing significant movements, while Honasa Consumer continued its decline after weak Q2 results.
The policy aims to generate over 5,000 jobs in Bengaluru, with an additional 1,000 jobs expected in areas beyond the city. “Companies setting up dedicated campuses in these emerging locations will also be eligible for customised incentives, assessed on a case-by-case basis, to drive investment and development in the region,” the 72 page policy read.
Nissan has begun exporting its upgraded compact SUV, the 'Magnite,' to South Africa from its India manufacturing plant. With 2,700 units already shipped, Nissan plans to expand exports of the popular 'Made in India' Magnite to over 65 countries, solidifying India's role as a key export hub for the automaker.
The Odisha Staff Selection Commission (OSSC) is accepting applications for 324 Soil Conservation Extension Worker positions. Interested and eligible candidates can apply online at ossc.gov.in from November 27 to December 26, 2024. Applicants must be between 21 and 38 years old and hold a +2 Science degree or a +2 Vocational certificate in an agriculture-related field.
Regional airline FLY91 is expanding its network by adding Solapur, Maharashtra to its destinations, aiming to enhance last-mile air connectivity. The airline will connect Solapur with Mumbai and Goa through direct flights starting December 23rd. This expansion brings FLY91's total domestic destinations to nine since its operational launch on March 24th.
Founder of embedded B2B finance platform says they can help founders raise money easily without diluting equity or presenting collateral.
Six Nifty 500 stocks hit 52-week highs on Tuesday. Indian markets traded higher after a recent correction, with analysts suggesting a short-term relief rally.