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USFDA restricts imports of certain Viatris drugs made at India facility

The FDA has issued a warning letter to Viatris related to its drug manufacturing facility in Indore in the central Indian state of Madhya Pradesh

Inflation, tariffs & conflicts: Risks stack up for global economy in 2025

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

EV maker Greaves Electric Mobility files IPO papers to raise Rs 1,000 cr

Greaves Electric plans to invest the IPO proceeds into product research and development and build battery assembly capabilities, with a smaller portion earmarked to boost manufacturing capacity

Elon Musk owned X increases price of premium-plus plan to pay creators

X offers premium-plus subscribers ad-free browsing and features such as expanded access to the Grok AI chatbot and Radar, which offers real-time analytics on emerging trends through keyword tracking

Hyatt in exclusive talks with Playa Hotels on options, including buyout

Playa, which runs 24 high-end, all-inclusive resorts across Mexico, said its board has been evaluating opportunities and has engaged with a number of potential counterparties

Qatar to stop EU gas sales if fined under due diligence law: Report

Qatar's revenues in 2023 were 188.5 billion Qatari riyals ($51.64 bln), and 5 per cent of this is $2.5 bn

Sugar production to hit by weather, export prospects dwindle: Isma

The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house

Gold steadies in thin trade as investors assess Fed policy outlook

The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week

What happens if Russian gas transit to Europe via Ukraine is turned off?

Putin said that day that it was clear there would be no new deal with Kyiv to send Russian gas through Ukraine to Europe

How to tax popcorn? FM's formula sparks outrage against GST system

A finance ministry spokesperson, the GST Council Secretariat and a spokesman for the ruling Bharatiya Janata Party did not respond to requests for comment on the controversy

Rupee hits all-time low pressured by weak Yuan, strong dollar bids

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

Middle East share of India's Nov oil imports at 9-month high; Russia down

Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow's oil revenue

OpenAI unveils 'o3' reasoning AI models, plans roll out from January 2025

The o3 and o3 mini models, which are in internal safety testing currently, will be more powerful than its previously launched o1 models, said OpenAI

Here's a list of challenges stacked up for the global economy in 2025

In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession

Asian stocks rally on account of US inflation relief, Nikkei gains 0.6%

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due

Republicans in US Congress mount third attempt to fund govt, shutdown looms

Republicans might break up elements that had previously been bundled together, according to a source familiar with internal discussions. That could see the House holding separate votes

Russia targets Kyiv in response to Ukrainian strike using US-made weapons

Ukraine's air force said it intercepted five Iskander short-range ballistic missiles fired at the city

Luxury brands bulk up on low-priced products for middle-class shoppers

The companies' renewed focus on more affordable products is meant to appeal to middle-class aspirational customers who are more price sensitive

MPC minutes: External members back rate cut, say inflation hampering growth

They also support a rate cut to avoid the risk of sharp currency appreciation if India does not normalise interest rates when most other global central banks have already embarked on an easing cycle

BPCL buys first crude oil cargo from Argentina for Feb delivery: Reports

The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said