NEW DELHI: India’s pharmaceutical industry continues its rapid ascent on the global stage, driven by affordability, innovation, and inclusivity. Thesector recorded a 7.8 per cent year-on-year growth in April 2025, according to India Ratings, part of the Fitch Group, as quoted by Press Information Bureau (PIB) on Sunday.This growth reflects continued strong domestic demand and…
India’s smartphone exports have witnessed an extraordinary leap, overtaking petroleum products and diamonds to become the country’s top export item, as per government data.Driven by rising demand and a series of policy incentives, smartphone shipments climbed 55 per cent to $24.14 billion in 2024–25, up from $15.57 billion in 2023–24 and $10.96 billion in 2022–23.The…
AI-generated image (Made from Bing image creator) NEW DELHI: Stock markets are expected to be primarily influenced by corporate quarterly reports, foreign fund activity and worldwide market trends this week. Global trade agreements and their market impact will also be under close observation.Last week, the BSE benchmark index increased by 2,876.12 points or 3.61 per…
NEW DELHI: Among the top 10 valued companies, nine witnessed a combined increase of Rs 3.35 lakh crore in market valuation during the previous week, aligning with positive market sentiment. Reliance Industries led the advancement, whilst Bharti Airtel was the sole decliner. The benchmark BSE Sensex surged 2,876.12 points, or 3.61 per cent, over the…
Adani Defence & Aerospace partners with Sparton (Image credit: Adani Defence X handle) NEW DELHI: Adani Defence & Aerospace has entered into a binding collaboration agreement with Sparton (DeLeon Springs LLC), a subsidiary of Elbit Systems specialising in advanced Anti-submarine warfare systems.The Adani Group company on Sunday announced that this alliance represents a crucial move…
NEW DELHI: India’s trade in apparel and home textiles with the United Kingdom is set for significant growth, with volumes expected to double over the next five to six years, according to a report by credit rating agency ICRA.The projected surge is attributed to the recently concluded Free Trade Agreement (FTA) between the two countries,…
India’s coal imports in FY25, saw a modest decline of 1.7%, with total shipments falling to 263.56 million tonnes (MT) from 268.24 MT the previous year, according to data compiled by mjunction services ltd.Non-coking coal imports over the period stood at 167.10 MT in FY25 against the 175.96 MT in 2023-24. Coking coal imports also…
The securities and exchange board of India (Sebi) has tightened rules around private debt placements by making the electronic book platform compulsory for all issues of Rs 20 crore or more. The move is aimed at improving transparency and streamlining the fundraising process.Previously, the electronic book mechanism was only mandatory for issues of Rs 50…
India imposed sweeping restrictions on imports from Bangladesh via land ports, a move that could disrupt goods worth $770 million, nearly 42 per cent of total bilateral imports, a report by the Global Trade Research Initiative (GTRI), a trade-focused think tank said.The Union ministry of commerce and industry announced the restrictions on Saturday, after a…
Gold price outlook: Axis Securities has observed that gold prices are exhibiting pressure amid significant macro changes. (AI image) Gold price outlook: Gold prices have experienced substantial decline, dropping approximately 7% from their highest point of Rs 99,358/10 grams recorded on April 22 on the MCX. The precious metal is currently at risk of ending…
