Trade generic drugs (medicines that are sold directly through distributors) are fast becoming a key segment for domestic pharma firms as volume growth slows in the overall market. Big companies like Cipla and Alkem have a significant presence in the segment but recently, players like Torrent Pharmaceuticals and Dr Reddy's Laboratories (DRL) have also entered this market. What is driving big pharma's focus on trade generics? The volume growth in the Indian Pharma Market (IPM) has come down from 5.6 per cent in FY16 to 0.1 per cent in FY23.
Notwithstanding lower growth rates recorded in the first quarter (Q1) of 2023-24 (FY24), which spanned from April to June, footwear stocks have seen some gains in the past two trading sessions. Bata India saw an increase of approximately 5 per cent, driven by positive expectations surrounding a potential tie-up in the sports/athleisure segment. This development is viewed favourably due to the segment's higher growth rates.
The security forces unearthed this information while interrogating the members of the twin modules busted by the police in Rajouri recently.
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source). While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha on Friday, Finance Minister Nirmala Sitharaman said the Reserve Bank has been asked to look into ways to bring credit card payments on foreign tours under the LRS. "It has been represented that payments for foreign tours through a credit card are not being captured under the Liberalised Remittance Scheme (LRS) and such payments escape tax collection at source (TCS)," she said.
The capital of world history will be London on May 6.
The list of 'dos and don'ts' comes after the India meteorological department issued its first heat warning for 2023.
Just two days before Congress leader Rahul Gandhi-led Bharat Jodo Yatra is scheduled to reach Jammu, two back-to-back explosions rocked a busy locality on the outskirts of the city on Saturday, leaving nine people injured, officials said.
The National Investigation Agency on Wednesday raided a dozen places in Jammu and Kashmir in connection with two cases, one related to the recovery of an IED and another about the recruitment of youth by the Lashkar-e-Tayiba terror outfit, an official said.
Director general of police Dilbag Singh said the April 20 attack was a well-planned one and executed by three to five terrorists.
The reports also claim that the same beneficiary had been found to avail treatment at two hospitals at the same time.
Eden Gardens in Kolkata will be hosting the first game of the second edition of the Legends League Cricket (LLC) on September 16
A five-judge Constitution bench headed by Justice Sanjay Kishan Kaul, in a unanimous verdict, ruled that its 2014 verdict, which had struck down a provision of the Delhi Special Police Establishment (DSPE) Act, 1946 providing immunity to such officers in graft cases, will have retrospective effect.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Union Home Secretary Ajay Kumar Bhalla was given a one-year extension on Thursday, beyond his present tenure that was to end next week, according to an official order from the personnel ministry.
The case relates to Aysha Makrani (from Madhya Pradesh) and Tushar (from Haryana) who fraudulently claimed that they have been finally recommended by the Commission in the civil services examination 2022 against two roll numbers of genuinely recommended candidates, it said.
Back home, the Nifty IT index - a gauge of the performance of the IT stocks on the National Stock Exchange (NSE) that has closely mirrored the performance of NASDAQ over the past few years - has lost nearly 2 per cent in CY23.
A statement from the Army's Northern Command said its personnel have been conducting 'relentless intelligence-based operations to flush out a group of terrorists involved in an ambush on an Army truck in the Tota Gali area of Bhata Dhurian in Jammu region last month'.
The 1984-batch IRS officer was otherwise to remain in office till November 18, 2023, according to the notification issued by the government.
An IED stuffed with RDX and ammonium nitrate was found inside an unattended bag at the Ghazipur flower market in New Delhi on Friday morning but it was later defused, officials said.
A low intensity blast occurred in the parking lot of the Pharaskhana police station situated in the vicinity of the famous Dagdusheth Ganesh temple.
'Hockey India will not like its hockey athletes to peak 35 days before the Asian Games 2022 and would like the athletes to peak at the right time i.e. during the Asian Games 2022.'
The potted history of the browser wars indicates how much the online space has altered in the last 25 years. Chrome's dominance, says Devangshu Datta, is unlikely to last forever.
India Inc could be embarking upon a new phase of capital expenditure (capex) cycle, observed analysts, and suggest its revival would lead to a rerating of industrial stocks. Assisted by a property upcycle, analysts at Jefferies said several government initiatives were likely to drive capex. Indicators, they said, include a private project announcement at Rs 25 trillion for 2022-23 (up 150 per cent from pre-pandemic levels) and credit growth at about 16 per cent, which is closer to pre-pandemic highs.
The government denied granting permission to serve liquor at wedding halls, even as the opposition parties slammed the ruling Dravida Munnetra Kazhagam's move to dilute the total prohibition policy.
Jiomart B2B is the latest among organised supply-chain companies to bite the bullet, shutting down its warehouses, and asking its employees to leave. Why are companies finding it difficult to sustain the supply-chain business? Experts point out that gross margins in supplying fast-moving consumer goods (FMCGs) are very low.
One of these delectable stuffed rolls makes a hearty meal.
'They were planning collection of arms dropped by drones and supply to active terrorists of Jaish-e-Mohammed in Kashmir valley; planting a vehicle-based IED in Jammu before 15th August and reconnaissance of important targets in other parts of the country'
Mukesh was most emotionally bonded to this tune, so all we will do is look at his songs engaging with this raag in films. In his fascinating book, Windows To The Soul: And Other Essays on Music, Manek Premchand reveals something we don't much know about the legendary singer, who was born 100 years ago on July 22.
The Supreme Court is scheduled to hear on May 8 a plea challenging the promotion of 68 Gujarat lower judicial officers, including Surat Chief Judicial Magistrate Harish Hasmukhbhai Varma who had convicted Congress leader Rahul Gandhi in a defamation case, on the ground of allegedly disregarding the 'merit-cum-seniority principle'.
East and northeast India recorded 29 per cent rain deficit -- 141.5 mm against the normal of 199.9 mm -- from March 1 to May 3.
The top court's observation came while dismissing a plea filed by the college against an order of the Andhra Pradesh High Court which set aside the government's decision to enhance the tuition fee of MBBS students.
A dedicated commercial court for Bengaluru Urban District has directed micro-blogging site Twitter to block the handles of the Indian National Congress (INC) and its 'Bharat Jodo Yatra' till the next date of hearing.
The incident occurred around 7.45 pm on the "black top road" between Peddakodepal and Naimed villages under the Naimed police station area, when the victims were heading towards neighbouring Dantewada district in an SUV to visit a fair, said Deputy Inspector General (anti-naxal operation) Sundarraj P.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
Sanjita Chanu had tested positive for an anabolic steroid during an in-competition testing at the National Games in Gujarat in September-October last year.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
Due to the huge pile-up of visa applications, the US consular officers in the neighbouring country are now adjudicating Indian visa applications where interview requirements have been waived.
In light of the surge in COVID-19 in some countries, hospitals across India conducted a Mock drill COVID-19.
Historically, March has been a volatile month for Indian equity markets. To begin with, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds - domestic and foreign. Retail investors, too, prefer to 'cash in' on their gains and losses before the financial year runs out.
This city is not for developers, and the Slum Rehabilitation Act (SRA) is intended to serve the purpose of public welfare and not the developers, the Bombay high court said, directing two developers to pay transit arrears of Rs 11 crore to a suburban SRA project.
