Page 487 - Industry News

Indian pharma firms supplied 47% of all generic prescriptions in US in 2022

Indian pharmaceutical companies also accounted for a lower but important share of biosimilar production, manufacturing 15 per cent of biosimilar volume used by US patients in 2022

Less corporate responsibility? India Inc's CSR spending slowed down in FY23

In FY23, there was only a 5 per cent increase in CSR spending compared to the previous year, due to which, CSR spending as a percentage of net profit fell to a six-year low of 1.87 per cent

SAIL watching Chinese steel imports post US tariff hikes: Chairman

The state-run SAIL has continued to buy steelmaking coking coal from Russia at 75,000 tons per ship

Govt developing policy for low grade iron ore beneficiation: Steel secy

When asked about the timeline, he said the policy on the beneficiation of low grade iron ore is expected to be completed within three months' time

Tracking apps, variable pay: How IT firms are nudging staff back to office

Cognizant, TCS, Dell, Wipro, and Infosys are deploying various tactics including compliance apps and linking variable pay to attendance to ensure their staff return to office

WFH no more concern for office space demand: Cushman & Wakefield India head

Cushman & Wakefield, one of the leading global real estate consultants, is bullish on the Indian office market

IT job market rebounding? Tech firms viewing more CVs now, says Info Edge

This upturn in IT job postings is seen as a positive development for the $250 billion sector, which recently experienced a significant decline in headcount

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

Diabetes to infections: NPPA slashes retail prices of 41 essential drugs

Prices of essential drugs such as dapagliflozin metformin hydrochloride, used for lowering blood glucose levels by decreasing glucose production in the liver, have been fixed at Rs 16 per tablet

92% of knowledge workers in India use AI at work, lead world: Study

Most business leaders in India believe their companies need to adopt AI to stay competitive

Jio, Airtel, Vodafone Idea deposit Rs 4,350 cr ahead of spectrum auctions

Reliance Jio had a net worth of Rs 2.31 trillion followed by Airtel with Rs 86,260 crore, DoT said. Vodafone Idea had a negative net worth of Rs 1.16 trillion

Unsecured loans, capital market funding can bring grief for NBFCs: RBI DG

The career commercial banker-tuned-regulator also flagged the risk limits for certain products or segments like unsecured lending are 'way too high' to be sustainable in the long run

Spices industry urges immediate action to address food safety concern

Last year, India exported spices to the tune of 1.426 million tonnes valued at approximately $4.2 billion, AISEF said

International traffic expected to grow faster than domestic in FY25: ICRA

While the domestic passenger traffic is expected to grow at 8-10 per cent Y-o-Y to 330-340 mn, the international passenger traffic is likely to increase by 10-14 per cent Y-o-Y to 80 mn, it mentioned

Struggling with fake reviews on e-com websites? Govt planning regulations

In a meeting held on May 15, the Consumer Affairs Department noted that the presence of fake reviews on e-commerce platforms jeopardises the trustworthiness and credibility of shopping platforms

Air passenger traffic in India to touch 407-418 million in FY25: ICRA

Indian airport operators' revenue is anticipated to grow 15-17 per cent on an annual basis in the current fiscal ending March 2025, it added

India PC market grew 2.6% in Jan-Mar to 3.07 mn units, HP tops chart

HP led the personal computer (PC) market with a 30.1 per cent share despite an 8.8 per cent decline in shipments

Summer surprise: Incessant rain brings down power demand in Chhattisgarh

Chhattisgarh State Power Distribution Co Ltd (CSPDCL), however, has heaved a sigh of relief. The demand for power has come down at a time the company officials were expecting it to be at a record high

Odisha FPOs tap global markets with first export of mangoes, vegetables

The market linkages created with export supply chains will boost farmer incomes and create sustainable business opportunities for the state's FPOs, he stated

Exports may surge 12-15% to cross $500 billion this fiscal: FIEO

In 2023-24, exports dipped over 3 per cent to $ 437 billion