News for 'Business Standard India'

Dr Reddy's profit down 14% on low Lenalidomide US sales

Dr Reddy's profit down 14% on low Lenalidomide US sales

Rediff.com22 Jan 2026

Pharma major Dr Reddy's Laboratories (DRL) reported a 14 per cent year-on-year (Y-o-Y) drop in consolidated net profit to Rs 1,210 crore in the December quarter of FY 2025-26 (Q3FY26) on low sales of cancer drug Lenalidomide in the North American market. The firm's revenue from operations grew to Rs 8,727 crore in Q3FY26, a 4.4 per cent Y-o-Y increase from Rs 8,357 crore recorded for the same quarter last year.

'Listing Does Not Alter Our Investment Philosophy'

'Listing Does Not Alter Our Investment Philosophy'

Rediff.com23 Dec 2025

'We operate in an economy that is structurally positioned for long-term growth. As market levels rise over time, our AUM grows in line.'

'Andhra Will Become Gateway Of India For Investment'

'Andhra Will Become Gateway Of India For Investment'

Rediff.com26 Nov 2025

'We are expecting investment, public and private, of around Rs 40 trillion by 2029.'

Yamaha Gears Up for India's E2W Race With 2 Models

Yamaha Gears Up for India's E2W Race With 2 Models

Rediff.com14 Nov 2025

Yamaha expects its first EVs to hit showrooms by the last quarter of FY26 (January - March), once network readiness is complete.

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

At $4.4 bn, Shriram Fin to get India's largest financial-sector FDI

Rediff.com20 Dec 2025

Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.

Budget 2026 boosts healthcare spend, drugs relief

Budget 2026 boosts healthcare spend, drugs relief

Rediff.com1 Feb 2026

The government on Sunday gave a strong push to upgradation and expansion of healthcare infrastructure, medical education and pharma sector with the Union Budget 2026-27 announcing a slew of steps, including those aimed at making India a global hub for allied healthcare professionals and biopharma manufacturing.

Gems & jewellery exports slipped 30% in October: GJEPC

Gems & jewellery exports slipped 30% in October: GJEPC

Rediff.com24 Nov 2025

India's gems & jewellery exports witnessed 30.6 per cent year-on-year (Y-o-Y) contraction in October to $2.17 million, amid the imposition of a steep 50 per cent tariff by the United States (US) on several Indian products.

'Need anti-dumping duties on Chinese excavators, cranes'

'Need anti-dumping duties on Chinese excavators, cranes'

Rediff.com8 Dec 2025

The Indian government should urgently consider imposing safeguard or anti-dumping duties on imports of two construction equipment segments - crawler excavators and tower cranes - as Chinese companies are rapidly expanding their presence in these markets in India through 'predatory' pricing supported by lower raw material costs, substantial export subsidies, and extended credit schemes, said Sorab Agarwal, executive director at Action Construction Equipment (ACE).

No prayer bell, only Jana Gana Mana at this Gujarat factory now

No prayer bell, only Jana Gana Mana at this Gujarat factory now

Rediff.com27 Jan 2026

The idea, Shah explains, was to keep the discipline of a shared start, without asking anyone to participate in a religious act that wasn't theirs. The anthem, he felt, offered a "common minimum" that didn't privilege one faith over another: stand together, start together, get to work.

US Judgment Against Byju Raveendran Faces Steep Hurdles in India

US Judgment Against Byju Raveendran Faces Steep Hurdles in India

Rediff.com1 Dec 2025

A US court's $1.07-billion default judgment against Byju Raveendran can't be enforced directly in India because the US isn't a "reciprocating territory." Creditors must file a new case in an Indian court.

Sheena Bora Murder Trial: The Great Skipping Rope Game

Sheena Bora Murder Trial: The Great Skipping Rope Game

Rediff.com17 Feb 2026

Sheena Bora's birthday fell on February 11 and it's been 14 years since she disappeared into thin air. She would have been 39. Nearly one-and-a-half decades later are we patiently inching nearer to knowing the truth of what happened?

India Eyes Self-Reliance in Rare-Earth Magnet Production

India Eyes Self-Reliance in Rare-Earth Magnet Production

Rediff.com9 Oct 2025

The government plans to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes. The scheme is expected to run for seven years, according to official documents.

India, Russia to ink pact for skilled migration during Putin's visit

India, Russia to ink pact for skilled migration during Putin's visit

Rediff.com11 Nov 2025

India and Russia are expected to sign a bilateral mobility agreement during President Vladimir Putin's visit to New Delhi, establishing a framework for legal migration, worker protection, and expansion of skilled Indian manpower in Russia.

RE leads charge as Andhra bags Rs 13 trn investment proposals

RE leads charge as Andhra bags Rs 13 trn investment proposals

Rediff.com17 Nov 2025

Renewables sector stole the show as Andhra Pradesh bagged investments to the tune of around Rs 13.25 trillion during the three-day CII Partnership Summit in Visakhapatnam. The sector accounted for the bulk of Rs 5.33 trillion out of the memorandum of understanding (MoUs) signed during the summit.

Why Modi And Shah Like Nitin Nabin

Why Modi And Shah Like Nitin Nabin

Rediff.com29 Dec 2025

Both Mr Modi and Amit Shah like Nabin because they know he will never answer back, points out Aditi Phadnis.

BHIM's New Feature To Target Reluctant Users

BHIM's New Feature To Target Reluctant Users

Rediff.com26 Nov 2025

'This will bring in a lot of net new users to UPI.'

Households Are Moving Away From Banks To Markets

Households Are Moving Away From Banks To Markets

Rediff.com8 Dec 2025

For every 100 rupees, households invested Rs 45.2 in mutual funds and equities in 2024-2025.

Race For Stealth Fighter Jet Heats Up

Race For Stealth Fighter Jet Heats Up

Rediff.com1 Oct 2025

This is seen as the first concrete opportunity to break HAL's monopoly in combat aircraft manufacturing, potentially opening the door to a private-sector fighter jet producer.

'Digital Arrests Are The Most Challenging'

'Digital Arrests Are The Most Challenging'

Rediff.com28 Nov 2025

'Digital arrests are the cutting edge of the problem and the most challenging part of the ecosystem right now.'

Bihar Polls: Makhana Turns Into Political Hot Potato

Bihar Polls: Makhana Turns Into Political Hot Potato

Rediff.com10 Nov 2025

As it gains commercial viability, the food will likely become a powerful political currency.

Global turnover penalty on Apple could cost $38bn

Global turnover penalty on Apple could cost $38bn

Rediff.com27 Nov 2025

iPhone maker tells Delhi HC the antitrust watchdog has no jurisdiction to consider its global turnover.

CAG to conduct pan-India audit on ease of doing biz for MSMEs

CAG to conduct pan-India audit on ease of doing biz for MSMEs

Rediff.com20 Nov 2025

The Comptroller and Auditor General of India (CAG) has launched an integrated audit across 32 states and Union Territories to assess the ease of doing business for the micro, small and medium enterprise (MSME) sector.

'Large Part Of Capital Needs To Be Met Via GIFT City'

'Large Part Of Capital Needs To Be Met Via GIFT City'

Rediff.com8 Dec 2025

'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'

India Opens Doors To Foreign Banks, But...

India Opens Doors To Foreign Banks, But...

Rediff.com12 Nov 2025

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.

As IAF eyes 80 transport planes, Lockheed offers C-130J mega hub in India

As IAF eyes 80 transport planes, Lockheed offers C-130J mega hub in India

Rediff.com28 Dec 2025

If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US, top officials of the company told PTI.

India Scrap Arrival Cards For Foreigners

India Scrap Arrival Cards For Foreigners

Rediff.com3 Oct 2025

Starting Wednesday, October 1, foreigners in India have the option to submit a 'digital arrival card' online instead of the paper card.

'Labour Codes Will Reduce Take-Home Salary Is Wrong'

'Labour Codes Will Reduce Take-Home Salary Is Wrong'

Rediff.com20 Dec 2025

'It will increase the contribution to gratuity, which is something the employer has to give.'

Virat Kohli, India's No.1 Celebrity Brand

Virat Kohli, India's No.1 Celebrity Brand

Rediff.com25 Sep 2025

Virat Kohli retained his crown as India's most valued celebrity brand, extending his unmatched dominance across sports and business, followed by Ranveer Singh and Shah Rukh Khan.

Will Nitish Kumar Spring A Surprise On Friday?

Will Nitish Kumar Spring A Surprise On Friday?

Rediff.com11 Nov 2025

While it is evident that the INDIA bloc has not shut its doors on Nitish Kumar, those within the NDA are hopeful that the JD-U's support base would benefit them as well

UP ramps up services to achieve $50 bn export goal, eyes $1-trn economy

UP ramps up services to achieve $50 bn export goal, eyes $1-trn economy

Rediff.com2 Jan 2026

To meet its $50-billion export target by 2030, the Uttar Pradesh government is looking to significantly scale up services sector, with a focus on Information Technology (IT) and Global Capability Centres (GCC) domains. Under the UP Export Promotion Policy 2025-30, the state aims to raise goods and services exports from $21 billion in 2024 to $50 billion by 2030.

Mankind taps OpenAI to institutionalise AI in ops

Mankind taps OpenAI to institutionalise AI in ops

Rediff.com18 Sep 2025

Delhi-based pharma major Mankind Pharma on Wednesday announced a collaboration with OpenAI to institutionalise artificial intelligence (AI) across its value chain, making it one of the first few Indian pharmaceutical companies to fully integrate advanced AI into its core operations.

Neville Tata Steps Out Of Shadow

Neville Tata Steps Out Of Shadow

Rediff.com24 Nov 2025

As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.

'Can't be blaming weather, you continue to execute'

'Can't be blaming weather, you continue to execute'

Rediff.com13 Nov 2025

'The DNA of Tata Consumer Products is all food and beverage.'

WeWork India eyes 20% revenue growth, IPO on October 3

WeWork India eyes 20% revenue growth, IPO on October 3

Rediff.com30 Sep 2025

Co-working spaces provider WeWork India is aiming for a revenue growth of over 20 per cent for the coming years, even as its initial public offering (IPO) with only an offer for sale (OFS) component gets valued at Rs 3,000 crore at the top of the price band. The IPO opens on October 3, a newspaper advertisement said.

Hotel Industry Faces Crores in GST Demands

Hotel Industry Faces Crores in GST Demands

Rediff.com29 Sep 2025

'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'

What India Plans to Focus On At COP30 Summit in Brazil

What India Plans to Focus On At COP30 Summit in Brazil

Rediff.com27 Oct 2025

'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'

India's domestic IT spend set to touch $176 bn in 2026: Gartner

India's domestic IT spend set to touch $176 bn in 2026: Gartner

Rediff.com19 Nov 2025

India's information technology (IT) spend is projected to touch $176.3 billion in 2026, rising 10.6 per cent from 2025, and outpacing the 9.8 per cent growth expected globally, according to the latest forecast by Gartner Inc., a business and technology insights company.

How India's pharma cos plan to tackle steep US tariffs

How India's pharma cos plan to tackle steep US tariffs

Rediff.com10 Sep 2025

As the potential threat of a steep 200 per cent tariff on pharmaceutical imports hangs in the air, analysts and industry insiders feel that focus on exports to non-US regions as well as domestic market will increase as a long-term trend. US President Donald Trump told CNBC's Squawk Box in the first week of August that planned tariffs on import of pharmaceutical products to the US could eventually reach up to 250 per cent.

'BoB Is Well Placed To Manage Shift To ECL'

'BoB Is Well Placed To Manage Shift To ECL'

Rediff.com6 Dec 2025

'Bank has a robust capital adequacy base. Along with balance sheet preparation, the bank is focusing on strengthening risk management for the new regime.'

New GDP series to improve informal sector estimates

New GDP series to improve informal sector estimates

Rediff.com1 Jan 2026

India's new national accounts will leverage new data sources and surveys to enhance the measurement of the country's informal economy, and introduce double deflation methods across sectors, replacing the current system that relies on a single deflation mechanism in Gross Domestic Product (GDP) calculations.