Analysts have turned cautious on Cipla, as the recently issued form 483 by the US FDA with eight observations to its Pithampur (Indore) plant is expected to delay the launch of the company's key generic - Advair - in the US. The Indore plant contributes around 5 per cent of Cipla's revenues, as per analysts' estimates. While the respiratory product, which is used to treat asthma, had cleared the pre-approval inspection of the regulator at the Indore unit; the final approval could be unlikely until the company clears the recent US FDA observations, analysts say.
Things are looking up for engineering firms and Siemens is likely to be one of the leading beneficiaries. Apart from the generic revival in activity, which is expected to continue through the 2023-24 financial year (FY24), the Budget has a strong infrastructure thrust, which works in Siemens' favour. The company reported a standalone Ebitda (earnings before interest, tax, depreciation and amortisation) of Rs 550 crore (up 66 per cent year-on-year or YoY) in Q1FY23 (Siemens follows the October-September accounting year).
'There are times when I've gone back to my hotel room and cried about what they were doing to my character.' 'They want you to lower your performing ability in accordance with your co-actor.' 'They alter the script, change your character... that's when the real anger sets in.'
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
'Let's not get carried away by stocks like D-Mart, Jubilant Foods and all those companies that are trading at an expensive valuations.'
In a video now viral on Facebook, the little girl from the Lohai-Malhar village in Kathua district of Jammu voices an adorable wish to Prime Minister Narendra Modi -- "Please Modi ji, ek achhi si school banwa do na (Please Modiji, build a nice school for us)".
COVID-19 is on the verge of becoming endemic but Indian scientists are keeping a close watch on each new variant and the government would continue to maintain a high alert, Union health minister Mansukh Mandaviya has said, underlining that the virus has managed to survive and is going to stay.
Discussions are said to have been heating up over how long a tax indemnity clause, which is part of such deals, should run, according to multiple people familiar with the matter.
Sukanya Verma quizzes you to find out just how much you know about the movies.
The prime minister's "Pareeksha pe charcha", ahead of the Class 10 and 12 board examinations, was held at the Talkatora Stadium in New Delhi.
In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.
'Aamir is deeply patriotic and cares for the country.'
The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23's nine-months) and there's reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures. It has a big order book and it should see new order flows accelerate in FY24.
'He didn't have a single mean bone in his body.' 'He never had a negative word about anybody, not even those who harmed him.'
This isn't a compilation of his best films, biggest blockbusters or important milestones but moments that swept Sukanya Verma off the floor, blew her heart into smithereens, regaled her with their sheer silliness, made her laugh till her sides hurt and look at phenke hue paise in disdain.
@015 has been a good year so far in terms of importan private equity deals.
Atiq Ahmed is named in more than 100 criminal cases, including the recent Umesh Pal murder case
Sukanya Verma quizzes you to find out just how much you know about the movies.
The Central Board of Direct Taxes (CBDT) has proposed a new common income-tax return (ITR), with greater focus on disclosing income from virtual digital assets or crypto assets and foreign equity and debt instruments held by resident Indians. For non-resident Indians, the draft ITR seeks exhaustive details ranging from nature of business, permanent establishment (PE), business connection, whether the entity has significant economic presence (SEP) in India, along with the number of users in India. The ITR protocol for NRIs could widen the scope of the SEP principle that was introduced in the Finance Bill 2018-19, and the explicitly defined 'business connection' to include provision of download of data or software, if aggregate payments from such transactions exceed a prescribed amount, or if a multinational's interaction is with a prescribed number of users.
A team of CBI officials reached the residence of Deshmukh in Nagpur and Mumbai this morning with necessary warrants.
Shares of companies having investments of late billionaire investor Rakesh Jhunjhunwala ended on a mixed note on Tuesday. The 62-year-old investor, who was known as the Big Bull and Warren Buffett of India for his investment acumen, passed away on Sunday. Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata group. Titan ended 0.88 pe cent higher at Rs 2,493.65.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Invest in quality companies that make profits, advises stock market expert and rediffGURU Samraat Jadhav.
There's much entertainment coming up from July to December, and Joginder Tuteja highlights those films for us.
The prime minister and the Chinese president walked along the banks of East Lake and also took a boat ride together as they decided to step up their personal rapport.
For a segment that thrives on promise more than performance, the country's start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and - more importantly - valuation of start-ups while looking for cockroaches instead of unicorns. "Investors are now keen to invest in companies that have good top and bottom lines.
There is an Assam connection to this year's Nobel Prize ceremony in Stockholm with a special tea served at the grand banquet coming from the northeastern state of India.
To become a sponsor-free AMC, a MF must have positive liquid net worth and net profit of at least Rs 10 crore in all of the preceding five years.
Swarm drones consist of a number of drones controlled from the same station which can pe programmed using an algorithm to carry out various tasks, including surveillance, sources said.
A confidential statement of Central Bureau of Investigation chief Subodh Kumar Jaiswal, recorded during his previous tenure in connection with bribery allegations against former Maharashtra home minister Anil Deshmukh, was recovered by the CBI from devices of an arrested agency official and a lawyer of the politician, officials said on Thursday.
'The prime minister is talking to his Chachaji and he is crying in the PM's lap, it was such an emotional scene.'
The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.
Subhash K Jha picks songs to celebrate Maha Shiv Ratri.
The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to Walmart Inc President and CEO Doug McMillon. Speaking at the Converge@Walmart event, McMillon noted that given the diversity of the Indian market, the company has to "think local and execute locally". "India is such a diverse market, it's not one country in some ways and so we have to think local and execute locally, and it has its own rules, and so, we've got to comply with those rules," he said.
'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
Sukanya Verma quizzes you to find out just how much you know about the movies.
A day after getting permission to raise its Unified Payments Interface (UPI) user base to 100 million, WhatsApp on Thursday said it has plans to make significant investments in 'payments on WhatsApp' across India, including India-first features and driving adoption. The company, however, did not share details of its plans. The Meta-owned messaging app got its first greenlight for its payments service from the National Payments Council of India (NPCI) in November 2020 with a cap of 20 million users. A year later, in November 2021, the limit was raised to 40 million users.
Playing a character put off by the idea of retirement is becoming on Bachchan. Hands in pocket, eyes firmly focused on his mission, conviction inks his speech while his serene, sensitive, portrayal has a calming effect on the kids and Jhund, observes Sukanya Verma.
The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay high court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe. The Central Bureau of Investigation (CBI), on the other hand, claimed that he was trying to avoid probe. Dhoot, arrested by the CBI on December 26, 2022, and presently in judicial custody, has moved the high court seeking to quash the First Information Report, and has also sought interim bail.
