HYDERABAD: Contract research, development and manufacturing organisation (CRDMO) Aragen Life Science, formerly known as GVK Biosciences, has secured a $100 million (approx. Rs 865 crore) investment from healthcare focused private equity fund Quadria Capital.The deal will see Quadria, which is focused on the Asian healthcare sector, acquire a minority stake in Aragen at an approximate valuation of US$ 1.4 bn. …
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Asian stocks declined following US employment data. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday morning. While BSE Sensex went below 76,600, Nifty50 was near 23,200. At 9:31 AM, BSE Sensex was trading at 76,726.48, down 652 points or 0.84%. Nifty50 was at 23,229.90, down 202 points or 0.86%. …
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Top stock picks for the week (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting January 13, 2025) are Tata Consultancy Services (TCS) and Coal India Limited. Let’s take a look: Stock Name Rating CMP (Rs) Target (Rs) Upside (%) TCS Buy 4265 5000 17% Coal India Buy 379 …
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NEW DELHI: Air India will nearly double the premium cabins on its legacy wide body aircraft that are being sent for retrofitting, starting this year, and is also developing an all-new first class for the Maharaja’s flagship Airbus A350 that will be rolled out in the next 2-3 years. Given the post Covid trend of premiumisation, the airline has seen …
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New Delhi: Finance ministry has called a meeting of heads of public sector banks on Wednesday to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The meeting, which would see participation from representatives of private sector banks, is scheduled to be chaired by financial services secretary M Nagaraju. The meeting would also review the progress …
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New Delhi: To enhance the quality and the level of interactions between auditors and companies’ audit committees, NFRA chief Ajay Bhushan Prasad Pandey has said the watchdog plans to come out with six to seven papers having sets of questions that will cover various aspects of statutory audits. “The papers will also help the stakeholders in asking the right questions …
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MUMBAI: As scores of people gear up to visit the Maha Kumbh mela at Prayagraj, brands are going all out on advertising and marketing to gain a share of consumers’ mind space. At a time when consumption is sluggish and the Indian middle class is counting every penny they are spending, getting 40 crore people – that’s the estimated number …
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NEW DELHI: Global trade in 2025 is projected to undergo transformative shifts impacted by a variety of factors such as geopolitical tensions, a possible US-led trade war under Donald Trump, China’s industrial overcapacity, rising sustainability demands, and rapid advancements in artificial intelligence (AI).Experts emphasised that Indian exporters and importers must collaborate closely with the government to navigate these challenges effectively.They …
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NEW DELHI: Falling rupee puts pressure on Air India‘s cost structure and profitability but the airline has some natural hedge as it can charge more for international flights where tickets are priced in foreign currencies, according to a senior company official. In recent weeks, Indian rupee has been on a decline and touched a record low of 86.04 against the …
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NEW DELHI: As the 2025-26 Union budget is drawing close, the Confederation of Indian Industry (CII) submitted a 10-point recommendation to the central government directed towards enhancing the ease of doing business (EoDB) in India. The key suggestion among the proposals is a call to streamline all regulatory approvals across central, state, and local levels through the national single window …
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