Wednesday, April 10, 2024

Apple#39;s India iPhone output hits $14 billion

Apple#39;s India iPhone output hits $14 billion Apple has assembled $14 billion worth of iPhones in India in last fiscal year, making as much as 14% or about 1 in 7 of its marquee devices from India, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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Tuesday, April 9, 2024

Air India dealt blow as aircraft technicians plan strike

Air India dealt blow as aircraft technicians plan strike The unrest among aviation workers risks thwarting India’s air travel boom. Pilots and aircraft engineers are crucial to support the country’s rapid fleet expansion after IndiGo, Air India and Akasa placed orders for more than 1,100 aircraft combined.

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Air India dealt blow as aircraft technicians plan strike

Air India dealt blow as aircraft technicians plan strike The unrest among aviation workers risks thwarting India’s air travel boom. Pilots and aircraft engineers are crucial to support the country’s rapid fleet expansion after IndiGo, Air India and Akasa placed orders for more than 1,100 aircraft combined.

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Strides Pharma gets USFDA nod for antidepressant medication

Strides Pharma gets USFDA nod for antidepressant medication The company#39;s Singapore-based step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd, has received approval for Fluoxetine Tabs (10 and 20 mg) from the US Food Drug Administration (USFDA), the drug firm said in a regulatory filing.

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Sunday, April 7, 2024

Biocon leads India push into weight loss drugs as patents lapse

Biocon leads India push into weight loss drugs as patents lapse The Bengaluru-based firm has scored an early win among its peers with the UK approval for the first generic version of liraglutide injectible, which is losing patent protection in November.

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Vishal Mega Mart said to pick Kotak, ICICI for mega IPO

Vishal Mega Mart said to pick Kotak, ICICI for mega IPO Vishal Mega Mart chose Kotak Mahindra Bank Ltd. and ICICI Bank Ltd to help arrange a share sale as early as in the fourth quarter of this year, the people said, asking not to be identified because the deliberations are private.

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Four of top 10 valued firms add Rs 1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers

Four of top 10 valued firms add Rs 1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers Reliance Industries remained the most valued domestic firm by market valuation followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC and Hindustan Unilever.

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Saturday, April 6, 2024

Livspace says India business becomes #39;cash flow positive#39; on robust revenue growth

Livspace says India business becomes #39;cash flow positive#39; on robust revenue growth The company#39;s EBITDA losses narrowed to 95.35 million Singapore dollars from 96.86 million Singapore dollars during the period under review.

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US and China plan talks on economic growth including manufacturing overcapacity#39; issue, says US Treasury Secretary Yellen

US and China plan talks on economic growth including manufacturing overcapacity#39; issue, says US Treasury Secretary Yellen The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a U.S. statement about the creation of the groups.

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Friday, April 5, 2024

Telangana govt in talks with Tesla to set up electric car plant

Telangana govt in talks with Tesla to set up electric car plant In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as part of its focus, Tesla#39;s planned investment initiatives in India are also being tracked.

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Thursday, April 4, 2024

Cooling period for independent directors: Is there a loophole?

Cooling period for independent directors: Is there a loophole? Government and regulators should be on the alert. A 3-year cooling period after two 5-year terms for independent directors will take place in 2024. But companies are searching for a way out by @JayantThakur

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...