The Indian market fell for the sixth straight session on Friday, with the Sensex and Nifty posting their steepest weekly drop in nearly seven months as U.S. curbs on H-1B visas and tariffs on branded drugs dampened sentiment. The S&P BSE Sensex dropped 733.22 points, or 0.90%, to close at 80,426.46, while the NSE Nifty … Read more
Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion, joining a race to offer new liver disease treatments that complement an intense push in the area of weight-loss drugs. The deal would help Roche grow in a field related to the booming weight-loss market, where the company has recently made … Read more
Pritti MistryBusiness reporter, BBC News PA Media NHS patients will lose access to new cutting-edge treatments because of skyrocketing costs, the pharmaceutical giant Novartis has claimed amid a row over drug pricing deals. The warning comes after talks over the cost of medicines for the UK between Health Secretary Wes Streeting and pharma firms broke … Read more
New Delhi: India’s economy faces significant risks from steep US tariffs, with export-heavy sectors such as textiles, gems and jewellery, food and marine products likely to bear the brunt, said Aurodeep Nandi, India Economist at Nomura. While smartphones, pharma and petroleum products remain exempt, nearly 30–40% of India’s export basket is directly exposed to the … Read more
“On the other hand, emerging markets are seeing deflationary trends. The US has gained full access to manufacturing markets like Indonesia and Vietnam, which are now being flooded with cost-effective US goods. That, combined with stronger currencies, means lower prices in these markets,” says Abhishek Banerjee, CEO, LotusDew Wealth.For the first time, we are seeing … Read more
“All in all, largecap would have minus one to plus one sort of a CC, constant currency, growth but the better numbers would likely be from the mid-tier players in the IT space. Again, on the IT side again, I would believe that most of the negatives are broadly in the price. If we were … Read more
Chief Minister A. Revanth Reddy interacting with the families of the victims of a reactor blast that took place at Sigachi Industries in Sangareddy district on Tuesday (July 01). | Photo Credit: MOHD ARIF Telangana Chief Minister A. Revanth Reddy visited the Sigachi Industries Pvt. Ltd unit in Pashamylaram Industrial area in Sangareddy district on … Read more
“It is a very-very good liquidity provision they have done. Now, followed up with another repo rate cut and changing the stance from neutral to accommodative and clearly directionally telling that we are pro-growth now,” says Sanjay H Parekh, Sohum Asset Managers.The verdict is out. If you look at the RBI stance, there is a … Read more
“We believe from here on there would not be major gains, all the profit booking by FII that we have seen in the past six months, the intensity will cool off from here on,” says Rahul Veera, Nippon India AIF.So many moving parts within the globe. Help us analyse where the entire emerging market versus … Read more
“There has been some pickup, whether in GDP numbers, in earnings growth, or in top line or something for it to get some trigger or some reason to be bullish about or to add on to what the current holding is, so that is what the whole situation is,” says Aman Chowhan, Abakkus Asset Manager.Let … Read more