Category: Business

Chandra Sekhar Pemmasani | Photo Credit: KVS GIRI As India’s telecom ecosystem is readying 6G testbeds, Minister of State for Communications Chandra Sekhar Pemmasani has urged start-ups and industry players to aim for 10% global patents on 6G, the sixth generation of wireless cellular technology, by 2030. The Minister felt the country needed to step […]

Generic drugmaker Lupin has received U.S. Food and Drug Administration approval for its abbreviated new drug application for Loteprednol Etabonate Ophthalmic Gel, 0.38% The approved product is bioequivalent to Lotemax SM Ophthalmic Gel of Bausch & Lomb Inc. Lupin is the exclusive first-to-file for the product and consequently eligible for 180 days of generic drug […]

NMDC reported iron ore production in June increased nearly 6% to 3.57 million tonne from the 3.37 MT year earlier, while sales at 3.58 MT (3.73 MT) were lower year on year. For the quarter ended June, iron ore production rose more than 30% to 11.99 MT (9.19 MT). Sales in the first quarter […]

Nasscom has formed a new Talent Council, a strategic industry-led initiative dedicated to building a future-ready, globally competitive digital workforce, the apex body said on Tuesday. This initiative was part of Nasscom’s continued commitment towards fostering innovation, driving digital transformation, and enabling inclusive growth by building a resilient and globally competitive workforce, it said. According […]

Yield on India’s benchmark 10-year bonds will stay soft in July, according to Bank of Baroda (BoB) Research. “India’s 10Y yield is expected to have a softening bias and likely to trade in the range of 6.25- 6.35% in the current month. The current degree of correction is on account of some expectation-driven pricing by […]

TAFE will retain its shareholding in AGCO at an ownership level of 16.3%, and not exceed it, while participating in AGCO’s future buyback programmes to maintain its proportionate ownership subject to certain exceptions.  Tractors and Farm Equipment Ltd. (TAFE ) and NYSE-listed AGCO Corporation said they had reached comprehensive settlement covering brand rights, commercials and shareholding.  […]

Sunil Jayawant Kadam has been appointed as the Executive Director of the Securities and Exchange Board of India (SEBI), according to a statement from the markets regulator. He will be in-charge of the Information Technology Department (ITD), Office of Investor Assistance and Education (OIAE), Department of  Economic and Policy  Analysis  (DEPA),  General Services Department  (GSD), Board  Cell,  RTI  &  […]