BUSINESS
Chronic Therapies Propel 6.9% Growth in India’s Pharma Market for May
The domestic pharmaceutical companies grew by 6.6% year-on-year in the month, while multinational companies (MNCs) recorded a more robust growth rate of 8.4%.
India’s May Trade: Exports to US Surge ~17%, Imports Plunge ~6%
Exports to the US in the first two months of FY25 (April–May) were up 21.78% at USD 17.25 billion, with imports also growing 25.8% at USD 8.87 billion.
IndiGo Refutes Claims of 4% Stake Sale to Raise $1 Billion
Issuing an official statement, the company has referred to the reports as "speculative" and claimed that they were "lacking any factual foundation."
India’s WPI Inflation Drops to 14-Month Low at 0.39% in May
The month-to-month WPI inflation in May became negative, shrinking by (-) 0.06 percent from April. The reason behind this fall can be primarily attributed to decreasing food prices and fuel prices, such as petrol and diesel.
Donald Trump Raked in $57.4 Million from Crypto Ventures in 2024
The financial disclosure, as part of a wide array of 234-page submission for the calendar year ended December 31, 2024, outlined that Trump's profits came from sales of tokens in relation to the blockchain company.
Strong FX Inflows Push Reserves to $696.6 bn — Ends Week on Upbeat Note
This remarkable increase pushes the reserves to almost their historic high of $704.885 billion, marked at the close of September 2024.
Tata Boss Expresses Deep Sorrow, Vows Support After Air India Tragedy
In a statement laced with emotion, Chandrasekaran commented, "This is a moment of great pain for all of us. What occurred yesterday cannot be explained. We are greatly shocked and grieving." He pondered on the depth of the tragedy, adding, "To lose even one is heart-wrenching. To lose all of them in an instant is really something beyond words."
Crisil Sees Inflation at ~4% This Year, Flags Room for Another RBI Rate Cut
The declining trend in inflation can open the door for another potential repo rate cut by the Reserve Bank of India (RBI), above and beyond the cumulative 100 basis points reduction already made, the report noted.
India and China Set to Restart Direct Flights After Hiatus
This was made known at a high-level meeting in New Delhi between Indian Foreign Secretary Vikram Misri and visiting Chinese Vice Foreign Minister Sun Weidong, who arrived on a two-day official visit from June 12 to 13.
Gold Surges Past ₹1 Lakh on MCX Amid Rising Safe-Haven Demand from Israel-Iran Tensions
The valuable metal started the day on a sharp rise of Rs 1,108 or 1.12%, at Rs 99,500 per 10 grams, from Thursday's close of Rs 98,392.
Don't Miss
Advertisement