The tailwind of low price erosion in the US generics market, seen by domestic pharmaceutical companies in calendar year 2023 (CY23), may be reversing slowly, caution analysts. According to the latest data from US-based Centers for Medicare and Medicaid Services (CMMS), price erosion in calendar year 2024 (CY24) on a year-to-date (YTD) basis stood at a high of 15 per cent in the oral solid dosage (OSD) segment compared to a low of 1 per cent in CY23. This erosion, according to a report by Antique Stock Broking, was the highest in the last three years.
The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday. The Reserve Bank of India is planning to come out with a central bank-backed digital currency, using blockchain technology in 2022-23. As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
The genesis of India's most-loved dish may go to canny cooks in the Mughal era, notes Sandeep Goyal.
The women stole the show at the Dadasaheb Phalke Excellence awards.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
Bollywood has told many 'Brothers' tales over the years.
From being siblings in one film to sweetheart in the other, these actors have done it all.
A round-up of Day 2 of the Ranji Trophy matches played on Tuesday.
A summary of Wednesday's play in the Ranji Trophy matches at various venues across the country.
Delhi outclassed Rajasthan by an innings and seven runs to gain a bonus point in the Group B match of the Ranji Trophy in New Delhi, on Wednesday.
A round-up of Ranji matches played on Friday
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