Akums Drugs & Pharmaceuticals has signed a long-term contract worth Rs 1760 crore with an unnamed global pharmaceutical company to manufacture and supply oral liquid formulations in Europe. They will receive an upfront payment of €100 million and expect commercial supply from 2027 to 2032. Approval processes are anticipated to be completed by 2026.
Indian banks' financial health has remained strong with expansions in loans and deposits. Gross bad loan ratios decreased to over-13-year lows, and net bad loans also declined. Banks have improved their balance sheets and profitability. The Reserve Bank of India emphasized strengthening risk management and IT governance. Non-bank lenders need prudent growth approaches and robust risk management frameworks.
Minnesota is facing a significant increase in norovirus outbreaks this December. The Minnesota Department of Health has reported over 40 outbreaks, nearly doubling the usual number. Norovirus is highly contagious and the leading cause of foodborne illnesses in the state. Preventive measures include handwashing, disinfecting surfaces, and avoiding food preparation if recently sick.
In the coming 12 months, a few transformative trends are poised to unlock unprecedented opportunities across sectors.
The Reserve Bank of India has formed an eight-member panel called FREE-AI, led by Pushpak Bhattacharyya of IIT Bombay, to develop a framework for responsible and ethical AI in the financial sector. The committee will review AI adoption, regulatory approaches, and recommend governance and risk mitigation frameworks within six months.
The Reserve Bank of India has formed an eight-member panel called FREE-AI, led by Pushpak Bhattacharyya of IIT Bombay, to develop a framework for responsible and ethical AI in the financial sector. The committee will review AI adoption, regulatory approaches, and recommend governance and risk mitigation frameworks within six months.
One company has a market cap of Rs. 50,000 crore. Another has an m-cap of Rs. 5 lakh crore. Now, both are large-caps by definition, but their growth, future prospects, everything really, could be very different. So, while putting stocks into a bucket based on their market capitalization, be sure to classify them on the basis of their business. Is it a growth business, or a mature business? This is important because, at different stages of economic growth, different sectors see very different rates of growth. Читать дальше...
The 30-share BSE Sensex closed down 0.39 points at 78472.48
Congress President Mallikarjun Kharge criticizes the BJP for allegedly trying to control constitutional institutions like the Election Commission during a CWC meeting. He emphasizes the party's need for strategic direction and the legacy of Gandhi and Nehru, urging unity to counter false narratives from opponents.
6 destinations in India that are good for mental health
The 30-share BSE Sensex closed down 0.39 points at 78472.48
For novice investors, fixed deposits can be a great instrument since they provide security, consistency, and steady returns. Before investing in fixed deposits, don't forget to compare interest rates, do extensive research, and assess the terms and circumstances.
In preparation for the annual Urs at the Ajmer Dargah, the Municipal Corporation has cleared encroachments in key areas to ensure smooth movement for visitors. The action, involving police presence and use of JCB machines, aims to provide adequate space for the influx of devotees expected on December 28.
India's Finance Ministry is optimistic about the country's economic growth, projecting a 6.5 percent growth in FY25. Rural demand continues to be strong, with significant increases in vehicle and tractor sales in late 2024. Urban demand is also improving, evidenced by rising passenger vehicle sales and domestic air traffic.
Sector-wise, power, healthcare, and auto stocks witnessed buying, while banks, FMCG, and metal stocks faced selling pressure.
Indian benchmark indices ended flat on December 26 as FMCG and bank losses offset auto gains. Expert Satish Chandra Aluri predicts sideways consolidation, citing cautious sentiment, inflation uncertainty, and upcoming budget, earnings, and Trump’s inauguration.
Tata Group Chairman N Chandrasekaran reflected on events of 2024, paying tribute to the late Ratan Tata. He highlighted plans to create 500,000 new manufacturing jobs in India over the next five years. The Group will focus on sectors like semiconductors, electric vehicles, and solar equipment. He also emphasized the potential of Artificial Intelligence to transform industries.
The 30-share BSE Sensex closed down 0.39 points at 78472.48
In 2024, Indian startups experienced a challenging reality check. While the year celebrated the emergence of six new unicorns and signs of recovery from the funding winter, many startups across diverse sectors were forced to shut down.