Sun Pharmaceutical Industries Ltd on Saturday said the US Food and Drug Administration (USFDA) has issued a Form 483 with eight observations following an inspection of its Halol manufacturing facility in Gujarat.The inspection, which focused on Good Manufacturing Practices (GMP), was conducted between June 2 and June 13, 2025, the company said in a regulatory…
India-based Global Capability Centres (GCCs) have emerged as strategic hubs for multinational companies to manage complex global tax operations, including corporate tax, indirect tax, transfer pricing, and litigation, according to a whitepaper released by Deloitte India.The report, titled Transforming Global Tax Functions: The GCC Advantage, highlights how GCCs are evolving beyond back-office functions to offer…
Non-performing assets (NPAs) in India’s banking sector may inch up in the first half of FY26, driven by growing stress in the retail loan segment — especially unsecured personal and microfinance loans, according to a report released by CareEdge Ratings on Friday.The report estimates that the Gross NPA (GNPA) ratio for Scheduled Commercial Banks (SCBs)…
NEW DELHI: Foreign portfolio investors injected Rs 3,346.94 crore into Indian equity markets during the week, driven by optimistic sentiment following the Reserve Bank of India‘s (RBI) interest rate reduction, as reported by National Securities Depository Limited (NSDL) data.The RBI’s rate reduction bolstered investor confidence, resulting in substantial FPI inflows during the initial three trading…
Donald Trump (File photo) In a financial disclosure report released on Friday, Donald Trump declared over $600 million in earnings from various ventures including cryptocurrency, golf establishments, licensing agreements and other business interests, reported Reuters.The financial report, apparently covering the 2024 calendar year, indicates that the president’s cryptocurrency investments significantly enhanced his wealth, alongside substantial…
Representative AI-generated image India has established itself as a prime destination for international capital investment in land and development sites, as revealed in a recent Colliers report.During the 12-month period ending Q1 2025, India secured $735 million in cross-border capital investments, positioning it at seventh place amongst global markets in this category, according to the…
MUMBAI: The rupee ended at 86.08 against the dollar on Wednesday, falling 48 paise from its previous close of 85.60. The local currency touched a low of 86.22 during the session, prompting RBI to intervene, according to traders.On Friday, the rupee posted its sharpest single-day fall since May 8, following Israeli strikes on Iran’s nuclear…
Image used for representative purposes US President Donald Trump has signed an executive order enabling Japanese firm Nippon Steel’s investment in US Steel, contingent upon compliance with a government-mandated “national security agreement”.The joint statement from both companies confirms $11 billion in new investments by 2028 and the provision of a “golden share” to the US…
Several ‘High-Risk Persons’ Under Lens For Not Complying With I-T Act ProvisionsNEW DELHI: The Central Board of Direct Taxes (CBDT) has launched an investigation against several “high-risk persons” who were allegedly evading taxes and laundering unaccounted funds by investing them in cryptocurrency. These entities and individuals, who were identified for verification and scrutiny, were allegedly…
The rupee plunged 55 paise to close at 86.07 against the US dollar on Friday, its sharpest single-day fall in over three months, as a surge in global crude oil prices and heightened geopolitical tensions rattled investor sentiment.The currency, which opened weaker at 86.25, briefly recovered to an intraday high of 85.92 but ended the…
