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NEW DELHI: AstraZeneca Pharma India Ltd and Mankind Pharma Ltd on Monday said they have entered into an agreement for exclusive distribution of the Symbicort brand, an asthma medicine, in India. Symbicort is owned by AstraZeneca, which will retain the intellectual property rights and will continue to be the...
NEW DELHI: Control Print Ltd on Monday announced the acquisition of 50.49 per cent in UK-based Codeology Group Ltd, a provider of print and apply systems, for £1 million (over Rs 10 crore). The acquisition will help Control Print get a toehold in the UK market, leading to new...
India on Sunday signed a trade and economic partnership agreement with the European Free Trade Association (EFTA) – a grouping of Switzerland, Norway, Liechtenstein and Iceland – that includes a binding $100-billion investment commitment. As part of the Trade and Economic Partnership Agreement (TEPA), EFTA has committed to promote...
NEW DELHI: The Centre may a draw up a comprehensive scheme to provide concessional capital support to the tune of Rs 1 trillion to private sector to encourage them to adopt indigenous deep-tech and cutting-edge technologies in defence, energy and electronics. The scheme, to be run for an initial...
While Tata Sons’ initial public offer (IPO) has been in focus for the past week, but there are five other companies who also have to launch their offers in slightly-over one year. These include companies like Bajaj Housing Finance and five other shadow banks including Piramal Capital and Housing...
NEW DELHI: Fast-moving consumer goods (FMCG) companies may hike prices by 2-3% by the second half of 2024-25, led by volatile commodity prices, notably of food and crude oil, and wage inflation. Small, calibrated price hikes may also boost price-led growth, which has been flat to negative for most...
MUMBAI: Nearly 665 million Indians or 45 per cent of the rural population did not have access to the internet as of 2023. Difficulty in understanding internet procedures, insufficient awareness of its benefits, and a lack of interest have emerged as the top reasons for a gap in internet...
NEW DELHI: The income tax department on Sunday said it has started sending emails and SMSs to assessees whose taxes paid during the current fiscal are not commensurate with financial transactions. The department is undertaking an e-campaign, which aims to inform such persons/entities of significant financial transactions, through email...
NEW DELHI: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development...
NEW DELHI: Premium spirits and wine importers’ body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP...
NEW DELHI: After delivering back-to-back innovations in fuel grades, Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing. The firm’s refinery at Paradip in Odisha will in three...
NEW DELHI: The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets...
NEW DELHI: The Ministry of Corporate Affairs on Friday increased the asset and turnover thresholds for mergers and acquisitions of firms that would require the approval of the antitrust regulator, sparing small deals from mandatory scrutiny and reducing the compliance burden. According to a notification by the ministry, two...
NEW DELHI: India’s next spectrum auction will get underway on May 20 when the government will put around 10,523.15 MHz of 5G airwaves worth ₹96,317.6 crore in eight key bands on sale. The department of telecommunications (DoT) on Friday set the ball rolling for the next 5G spectrum sale...
NEW DELHI: The successive economic shocks such as demonetisation, goods & services tax (GST) implementation and Covid may have led to a slowdown in consumption expenditure growth in the previous decade as compared to the preceding decade, Nomura said in its latest Asia Economic Monthly report released on Friday...
NEW DELHI: Investment worth $100 billion over 15 years will be tied with the trade agreement between India and the four-member European Free Trade Association (EFTA), to be signed on Sunday, according to people aware of the matter. The investment will be linked to the creation of one million...
MUMBAI: India’s financial market regulator and its central bank are widening an investigation into how merchant banks manage retail subscriptions in public debt issues, two sources with direct knowledge of the matter told Reuters. The Securities and Exchange Board of India (SEBI) barred JM Financial from taking new mandates...
NEW DELHI: The number of board seats held by women across India Inc has increased gradually over the past five years with them holding 18.3 per cent board seats in 2023, a Deloitte report said on Friday. The ‘Women in the boardroom: A global perspective’ report, however, said that...