Samie Modak, Shivani Shinde, Sohini Das

Stories by Samie Modak, Shivani Shinde, Sohini Das

Gut Health Key To Prevent Chronic Illnesses

Gut Health Key To Prevent Chronic Illnesses

Rediff.com   24 Apr 2024

Maintaining the balance of gut microbiota is important as an imbalance, also known as dysbiosis, can cause or aggravate different diseases, including but not limited to digestive problems such as inflammatory bowel syndrome, mental health issues like anxiety and depression and menstrual problems.

Zydus gets China nod for kidney disease drug

Zydus gets China nod for kidney disease drug

Rediff.com   24 Apr 2024

Ahmedabad-based Zydus Lifesciences said on Tuesday that a new drug application for its oral drug Desidustat used in treating anaemia in chronic kidney disease (CKD) patients had been accepted by the National Medical Products Administration of China (NMPA). In 2020, CMS International Development and Management Ltd, a wholly-owned subsidiary of China Medical System Holdings Ltd obtained an exclusive license for the product from Zydus. CKD involves a gradual loss of functioning of kidneys and eventually leads to kidney failure.

Changing complexion: Adani stocks now have prominent investor base

Changing complexion: Adani stocks now have prominent investor base

Rediff.com   24 Apr 2024

Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.

Why 4,500 Indian IT Leaders Moved On

Why 4,500 Indian IT Leaders Moved On

Rediff.com   18 Apr 2024

With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.

Breaking the vault: Will MSCI grant HDFC Bank access?

Breaking the vault: Will MSCI grant HDFC Bank access?

Rediff.com   17 Apr 2024

HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully include the stock in its indices. Currently, the index provider has applied an adjustment factor of 0.5 since the foreign room is less than 25 per cent. Removal of the adjustment factor will result in inflows of a massive $4.8 billion (Rs 40,000 crore) into HDFC Bank, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.

Consumption story gets a facelift as rural demand shows promise

Consumption story gets a facelift as rural demand shows promise

Rediff.com   16 Apr 2024

Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.

Nearly one in two luxury cars sold in March quarter was Mercedes Benz

Nearly one in two luxury cars sold in March quarter was Mercedes Benz

Rediff.com   12 Apr 2024

Nearly one in two luxury cars sold in India in the first three months of 2024 was a Mercedes Benz, which achieved its best ever quarter (January-March), selling 5,412 units, up 15 per cent year-on-year (Y-o-Y) from 4,697 units in the previous year.

What IT Majors Want In Their Hires

What IT Majors Want In Their Hires

Rediff.com   11 Apr 2024

Companies now require more than just academic marks; they seek students with internship experience or extra certification courses.

IT firms may report muted Q4 growth, eyes on FY25 guidance

IT firms may report muted Q4 growth, eyes on FY25 guidance

Rediff.com   10 Apr 2024

With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.

Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

Rediff.com   8 Apr 2024

The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.

Srini Pallia's job as Wipro CEO: Drive growth, stem senior-level exits

Srini Pallia's job as Wipro CEO: Drive growth, stem senior-level exits

Rediff.com   8 Apr 2024

Wipro has once again chosen to bet on an insider who has grown through the ranks to lead the company. Srini Pallia has spent over three-decades at Wipro and it's the only company he has ever worked with. Till now, Pallia was heading the Americas-1 unit.

Street Signs: DMart's stock surge, tepid GMP, IPO lull, and more

Street Signs: DMart's stock surge, tepid GMP, IPO lull, and more

Rediff.com   8 Apr 2024

Shares of Avenue Supermarts (DMart) have rallied 15 per cent in the past month, even as the benchmark National Stock Exchange Nifty has remained flat. The stock has garnered favourable commentary from both fundamental and technical analysts after three years of poor performance. "DMart has reached its first 52-week high since October 2021, taking off from solid base formations.

IPO-bound Oyo eyes Rs 100 crore PAT in Q4, 20% revenue growth in FY24

IPO-bound Oyo eyes Rs 100 crore PAT in Q4, 20% revenue growth in FY24

Rediff.com   5 Apr 2024

Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing to clock Rs 100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources. These numbers were part of an internal review meeting between founder Ritesh Agarwal and senior management earlier this week, where he spoke about the company's profitability trajectory and growth in business.

Why Drug Prices Won't Increase This Year

Why Drug Prices Won't Increase This Year

Rediff.com   5 Apr 2024

The government has been stringent with pricing changes. Prices of 651 essential medicines came down from April 1, 2023 by 6.73 per cent with the government capping ceiling prices of these drugs.

Why Hospital Stays Are Getting Shorter

Why Hospital Stays Are Getting Shorter

Rediff.com   3 Apr 2024

'Every hospital now tracks length of stay closely.' 'More efficiency is brought into the system now.'

Hong Kong pips India, becomes fourth-largest market

Hong Kong pips India, becomes fourth-largest market

Rediff.com   2 Apr 2024

Hong Kong has regained its spot as the world's fourth-largest market following a broad market rout in Indian equities. Currently, the Chinese territory's market capitalisation stands at $4.9 trillion versus India's $4.75 trillion, according to data compiled by Bloomberg. In January, the domestic equity markets' market capitalisation had surpassed that of Hong Kong following a spectacular rally in the small- and midcap stocks.

Bajaj Auto to pump Rs 3,000 crore into finance subsidiary

Bajaj Auto to pump Rs 3,000 crore into finance subsidiary

Rediff.com   1 Apr 2024

Bajaj Auto, India's leading two-wheeler (2W) and three-wheeler (3W) maker, is scaling up its wholly owned finance subsidiary, Bajaj Auto Credit Ltd (BACL), with an investment of more than Rs 3,000 crore planned over the next two financial years, company's managing director Rajiv Bajaj said. BACL has already started commercial operations, Bajaj recently said on the sidelines of the group's CSR identity event. According to rating agency CRISIL, BACL's operations began on January 1 after receiving its licence from the Reserve Bank of India (RBI) in August last year.

Frontline Relive Pandemic Nightmare

Frontline Relive Pandemic Nightmare

Rediff.com   1 Apr 2024

Battling the virus, enduring separation from loved ones, and working extended hours became part of the job.

Meta And Google Get Ready For Lok Sabha Polls

Meta And Google Get Ready For Lok Sabha Polls

Rediff.com   30 Mar 2024

Meta is working closely with the Election Commission. This enables the Commission to flag unlawful content.

Indian pharma companies bank on 'mother brands' to boost revenue growth

Indian pharma companies bank on 'mother brands' to boost revenue growth

Rediff.com   28 Mar 2024

Indian pharma companies are focussing on flagship products or mother brands under which they launch various new combinations to ensure robust revenue growth as well as therapy leadership. An analysis by market research firm Pharmarack showed how such flagship brands have posted strong growth CAGR in the last five years, with some even doubling sales. Sheetal Sapale, vice-president, commercial at Pharmarack, said, "Mother brands are analogous to an aggressive player who has put in a lot of effort during the prime years of life but now continues to silently nurture the brand family to collectively cross newer benchmarks of success."