Pharma major Lupin is significantly increasing its focus on biosimilars, aiming for a turnover of nearly $500 million from this segment over the next five years, driven by new product launches and expanded presence in key global markets like the US, Europe, and Japan.
The Central Board of Film Certification (CBFC) flagged the proposed screening of an uncertified documentary on jailed activist Umar Khalid at IIIT-Hyderabad, citing violations of the Cinematograph Act. IIIT-Hyderabad subsequently distanced itself from the event, stating no recognised student bodies had organised it. The screening, titled "Prisoner No. 626710 is Present," was reportedly cancelled by students, following a similar postponement at NLSIU Bengaluru due to opposition.
Hockey India President Dilip Tirkey has lodged a police complaint against several HI officials, including the former Executive Director, accusing them of "criminal breach of trust, theft, endangerment of life and wrongful abandonment." The complaint stems from an incident where Tirkey's personal belongings, including medicines, were allegedly withheld after an official vehicle was recalled. This incident highlights an ongoing power struggle between Tirkey and HI Secretary General Bhola Nath Singh, exacerbated by past controversies like the saffron jersey fiasco and disputes over board meetings.
India's Sports Minister Mansukh Mandaviya has announced the formation of a 10-member Task Force, chaired by Niti Aayog's Yugal Kishore Joshi, to assess the feasibility and challenges of reviving Formula 1 in the country. The committee aims to develop a roadmap for India to host a Grand Prix by 2028, focusing on sustainable growth, policy interventions, and addressing past issues like taxation. The Adani group, owners of the Buddh International Circuit, will also be involved.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
Former chief selector and head coach Haroon Rasheed has attributed the decline of Pakistan cricket to the domestic structure changes implemented by former Prime Minister Imran Khan, who insisted on reducing first-class teams despite recommendations for a hybrid model.
The BCCI has summoned Gautam Gambhir, Ajit Agarkar and V V S Laxman to Mumbai on Thursday to review India's disappointing performances in Ireland and England.
The Sports Ministry, led by Mansukh Mandaviya, has formed a five-member committee to develop a comprehensive roadmap for the financial viability and sustainability of the cash-strapped Hockey India League (HIL). This initiative follows concerns about the league's long-term future, which was revived last year after a seven-year hiatus. The committee will include representatives from Hockey India, franchises, and the Sports Ministry, tasked with presenting a report on governance, financial models, and league structure.
An independent commission has found Manchester City guilty of serious financial rule breaches over nine seasons, involving "sham" commercial contracts to inflate revenue and understate costs by over 900 million. The club denies wrongdoing and plans to appeal the decision, which could have significant consequences for its past and future achievements in English football.
The Indian men's and women's chess teams delivered strong performances at the Chess Olympiad in Samarkand, with the men's team defeating Spain 3-1 and the women's team securing an identical 3-1 victory over Mongolia. World champion D Gukesh led the men's success with a clean win against Alexei Shirov, while Arjun Erigaisi also contributed significantly. In the women's section, B Savitha Shri and Divya Deshmukh were instrumental in their team's win.
The Indian men's team continued its fine performance, defeating Spain 3-1, with World champion D Gukesh showing the way with a very clean victory over former world championship challenger Alexei Shirov.
West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.
Police in Jamui, Bihar, have arrested two main accused in the molestation of a minor girl, bringing the total arrests to five. The arrests followed an encounter where the accused were injured. The incident, captured in a viral video, has ignited a fierce political debate between the ruling NDA and opposition parties over law and order in the state.
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
The Press Club of India clarified it did not organise an event where Prime Minister Narendra Modi's cutout was worshipped and a 'Modi Chalisa' was read. The event, organised by the Bihar State Transgender Welfare Board, was stopped by club authorities due to violation of rental terms. The organiser plans to build a temple for PM Modi in Bihar, citing his support for the transgender community.
The era of 'randomly' scheduling bilateral series is over, but the ODI format can continue to survive and thrive with its place 'inextricably' linked to the World Cup, said ICC CEO Sanjog Gupta in an interview to PTI.
Shreyas Iyer, India's T20I captain, described his initial stint as skipper as a 'tough pill to swallow' after suffering away series defeats, but emphasised the importance of maintaining 'equilibrium' following a dominant 2-0 series win over Afghanistan.
A stake sale by Tata Trusts will help it to have a larger corpus that could be used to balance the unequal dividends that flow from Tata Sons on an ongoing basis.
Rohit Sharma's ODI future was a major point of discussion during the review meeting, while also considering the recent fitness woes of key players like Jasprit Bumrah and Hardik Pandya.
India is reportedly exploring an ODI series in South Africa before the 2027 World Cup, a move initiated by the team management to gain crucial exposure to conditions and fine-tune preparations for the tournament.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
New South Wales (NSW) has strongly criticised Cricket Australia's (CA) decision to proceed with a "self-determination" model for Big Bash League (BBL) privatisation, warning of potential threats to investment in grassroots cricket and long-term implications for the sport. NSW, which operates two BBL clubs, expressed disappointment over the lack of alignment across Australian cricket and highlighted unfulfilled conditions for the sale process.
World junior champion Anahat Singh, now 18, is returning to the Asian Games with significantly higher stakes, as the women's singles gold medal offers direct Olympic qualification. Ranked world number 20, she is a strong medal contender and is embracing the pressure of competing for her country. Anahat faces formidable opponents like Satomi Watanbe and Sivasangari Subramaniam but is focused on refining her game and physical strength to achieve her goals.
Sebi chairman Tuhin Kanta Pandey acknowledged that all global jurisdictions experienced lower liquidity during the initial implementation phases of the closing auction session (CAS), a stock price determination framework introduced in India on August 3.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
The Sports Ministry has initiated a fresh application process for a national Yogasana federation, setting a September 17 deadline. This follows a Delhi High Court ruling that quashed the recognition of Yogasana Bharat and mandated a new affiliation procedure. Eligible bodies must submit detailed applications, adhering to the National Sports Governance Act, which includes specific requirements for executive committee composition.
'Dara's case can strengthen the perception among sections of the BJP's traditional support base.'
'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'
Ishan Kishan discusses how taking on the captaincy for Jharkhand in 2024, following the loss of his BCCI central contract, significantly contributed to his personal and cricketing development. He highlights the increased responsibility, situational awareness, and focus on team goals that leadership instilled in him, exemplified by his recent double century for East Zone in the Duleep Trophy final.
Sikkim has identified 40 high-hazard glacial lakes, with 16 at the highest risk of catastrophic outbursts. Following a devastating GLOF in 2023, the state is developing India's first dedicated GLOF Risk Mitigation Protocol, using advanced monitoring and interdisciplinary approaches to protect downstream settlements and serve as a model for other Himalayan regions.
Olympic gold medallist javelin thrower Arshad Nadeem is embroiled in a controversy with the Pakistan Sports Board (PSB) for travelling to South Africa for training without obtaining a No Objection Certificate (NOC). This unapproved travel could impact his participation in upcoming international competitions like the World Ultimate Athletics Championship and the Asian Games.
Broadband technology firm GX Group is set to commence manufacturing operations at its advanced photonics facility in India from December, investing Rs 500 crore. This initiative aims to strengthen domestic manufacturing, create skilled jobs, and reduce dependence on imported optical components crucial for high-speed data networks and AI data centres.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
US President Donald Trump has announced a "historic" agreement for the complete disarmament of Hamas and other armed groups in Gaza, coupled with a phased withdrawal of Israeli forces. The deal, part of Trump's 20-point Gaza plan, involves an International Stabilization Force and a new Palestinian police force, with Gaza eventually administered by a new Palestinian government. Egypt, Qatar, and Turkiye were thanked for their mediation efforts.
'India is trying to project that it can engage with the world in a different way too.'
Corporate leaders' half-life has shrunk over the past few decades. That is the Tata experience as well. Over 144 years till 2012, Tata Sons had just five chairmen. However, in the 15 years till 2027, the same group will see three, points out R Gopalakrishnan.
While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
The Rajasthan high court, Jodhpur, has taken suo motu cognisance of issues concerning Gen Z, Gen Alpha and Gen Beta, expressing concern over junk food, excessive screen time, paper leaks, inadequate infrastructure in rural schools and the possible erosion of basic learning skills in the age of artificial intelligence.
The Annual General Meeting (AGM) of Tata Sons, scheduled for Tuesday, is likely to be adjourned because the Sir Ratan Tata Trust (SRTT), a major shareholder, cannot nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner.
