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Latest Articles in Economy
Eight Core Industries Increase By 3.5% In April 2023
Index of Eight Core Industries (ICI) measures combined and individual performance of the production of eight core industries namely coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity
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Economy: India's GDP Rises To 6.1% In Q4FY23 Amid Challenges
The growth rate in Q4 has beaten estimates of RBI that said, India's real GDP growth will be 5.1 per cent
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Indian Sugar Mills Export Entire 6.1 Million Tonne Of Quota
India, the world's second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on 30 September, due to a likely drop in production
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Scaler Acquires Delhi-based Edtech Firm Pepcoding
As a strategic move, Pepcoding has merged with Scaler. Its co-founder, Sumeet Malik, has joined the startup as an instructor and content creato
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Newtrance Raises Over $5mn In Seed Round
The company is looking to expand its solution into providing technology for long-term storage and conversion of green hydrogen and ammonia
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AstraZeneca India Appoints Bhavana Agrawal As CFO With Effect From October
AstraZeneca Pharma India, a leading biopharmaceutical company, announced the appointment of Bhavana Agrawal as Chief Finance Officer (CFO) with effect from October 1, 2023, following a transition period. She succeeds Rajesh Marwaha, who is retiring as CFO and full-time director of the Company from the close of business hours on September 30, 2023
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Centre To Regulate Tobacco Use By Anti-tobacco Warnings On OTT Platforms
The Union Health Ministry on Wednesday notified new rules for anti-tobacco warnings on OTT platforms that if the publisher of online content fails to comply with new rules then the ministry will take strict action
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Net Financial Savings May Reach Rs 21.7 Lakh Cr In FY23: SBI
The per capita net financial saving may be increased to Rs 15,700 in financial year (FY) 2023, states State Bank of India (SBI) in a report
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Economists Predict First Rate Cut By RBI In 2024 As Inflation Moderates
Currently, the benchmark repo rate stands at 6.5 per cent, and the forecast suggests a quarter-point cut in the January-March 2024 period, compared to a previous estimate of a 50 basis point reduction
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ED Arrests Sujay Krishna Bhadra, Aka 'Kalighater Kaku' In Bengal Teachers' Recruitment 'Scam' Case
Bhadra was arrested after being questioned for approximately 10 hours. Reacting to the latest arrest in the recruitment 'scam' case
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MSME sector's revenue Lileky To Exceed Pre-Covid Level In 2022-23 By 25%: RBI
The micro, small and medium enterprises (MSMEs) segment, which contributes about 29 per cent of India’s GDP and employs over 11 crore workers, recorded a modest recovery
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Biocon Investing Heavily In Peptides, Potent Oncology APIs: MD & CEO, Siddharth Mittal
Biocon’s MD and CEO, Siddharth Mittal in a post-annual results interaction with BW Healthcare World stated that, “As we move forward, we see a huge potential in peptides. It is a growing segment where the big shift is being seen with companies like Novo Nordisk or Eli Lilly moving their focus from insulins to GLP1 drugs and what used to be USD 20-30 billion insulin market is now actually projected to be over USD 100 billion GLP1 market"
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Blackrock Marks Down Byju's Valuation By 62%: Report
Byju’s latest valuation, as estimated by BlackRock, is around 62 per cent down from the peak of USD 22 billion in April 2022. Before this, BlackRock had reduced the start-up’s valuation to USD 11.5 billion (as of December 31,2022)
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Mankind Pharma Q4: Profits Rise By 52% YoY To Rs 294 Cr
Mankind Pharma, the Indian pharma major announced its financial results for the fourth quarter and full year ended March 31, 2023. The company's Profit After Tax (PAT) in the fourth quarter surged by 52 per cent year on year (YoY) to Rs 294 crore against Rs 193 crore recorded in the corresponding quarter last year
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40 Medical Colleges Lose Recognition, 100 More Under Scanner For Non-compliance
About 40 medical colleges have lost recognition over the last one to two months period for not meeting the standards set by National Medical Commission (NMC) in India, said official sources
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