Business

Pharmaceutical stocks came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan for imported generic medicines, raising concerns over the long-term outlook for one of the industry’s biggest export markets.The sell-off came even though the proposal gives generic drugmakers a two-year tariff-free window before steep duties are introduced. Nifty Pharma…

Rupee came under pressure in early trade on Wednesday, opening 11 paise lower at 96.36 against the US dollar. The slump came as rising crude oil prices and increased demand for safe-haven assets weighed down the currency.Earlier on Tuesday, rupee had ended at 96.25 against the greenback before slipping at the opening of the interbank…

MUMBAI: Anand Group, the over $3 billion auto components conglomerate, is undertaking two linked transactions worth about Rs 3,180 crore through listed flagship Gabriel India that will lift promoter Anjali Singh and family’s stake in the company to 68% and deepen its footprint in the sector.Gabriel will buy out the Singh family’s 29% stake in…

Karnataka saw FDI flows nearly double to $13 billion NEW DELHI: Karnataka saw FDI flows nearly double to $13 billion during the last financial year as tech investors and global capability centres (GCCs) flocked to India’s Silicon Valley, while Maharashtra, the top destination, saw a dip in inflows after two years.Haryana, Tamil Nadu, Rajasthan, Uttar…

Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the…

NEW DELHI: Accelerated monetisation of highway assets has enabled the NHAI to prepay loans of over Rs 1.2 lakh crore and repay another Rs 31,300 crore since March 2022, reducing its overall debt to just under Rs 2 lakh crore, according to govt data.NHAI’s debt had touched an all-time high of Rs 3.5 lakh crore…

Sensex falls 443 points as HDFC Bank, Axis Bank drag markets lower Benchmark equity indices ended lower on Monday, weighed down by sharp losses in HDFC Bank and Axis Bank following their quarterly earnings, while renewed US-Iran tensions also dampened investor sentiment. The BSE Sensex fell 442.93 points, or 0.57%, to close at 77,708.52 after…

Govt has allocated little less than Rs 1.8 lakh crore fertiliser subsidy for 2026-27 NEW DELHI: Govt has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the current fiscal year, indicating the subsidy bill is set to exceed the budget estimate due to the…

File photo: US President Donald Trump speaks during an event to announce new tariffs on April 2, 2025, in Washington (Picture credit: AP) TOI correspondant from Washington: MAGA boss Donald Trump is preparing to unleash yet another wave of tariffs on dozens of countries, including India, within days, doubling down on his favorite economic weapon…

India will need to address structural challenges such as high trade costs, regulatory complexity, infrastructure gaps and barriers to deeper global integration if it is to achieve its ambition of becoming a developed nation by 2047, according to the World Trade Organisation’s (WTO) latest Trade Policy Review (TPR) report.The report said India remained the fastest-growing…