Automakers Maruti Suzuki and Hyundai Motor India reported a double-digit drop in vehicle dispatches in June amid a demand slowdown in the domestic market. Mahindra & Mahindra saw an increase in dispatches to dealers last month, while Tata Motors witnessed a dip compared to June last year. The country’s largest carmaker Maruti Suzuki […]
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Hero Motors’ revenue from operations stood at ₹1,064.39 crore in fiscal year 2024, and profit after tax stood at ₹17.04 crore. File | Photo Credit: The Hindu Auto parts maker Hero Motors has filed draft papers with the markets regulator SEBI to raise ₹1,200 crore through an initial public offering (IPO). The IPO is a […]
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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 […]
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File photo of the Reserve Bank of India logo. | Photo Credit: Reuters The Reserve Bank of India (RBI) appointed Kesavan Ramachandran as the Executive director with effect from July 1 2025, according to a statement. Mr. Ramachandran will now head the Department of Regulation (Prudential Regulation Division). He was serving as Principal Chief General […]
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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 […]
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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 […]
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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 […]
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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 […]
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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. […]
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“India’s progress across all action areas of the Compromiso de Sevilla demonstrates that developing countries can be both beneficiaries and drivers of global development finance,” Nirmala Sitharaman said. | Photo Credit: The Hindu Finance Minister Nirmala Sitharaman on Tuesday (July 1, 2025) said that multilateral development bank (MDB) lending must also incorporate monitoring mechanisms to […]
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