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India’s pharmaceutical sector is projected to post healthy revenue growth of 7-9 per cent in FY26, aided by robust demand in the domestic and European markets, even as momentum in the United States is expected to cool, according to rating agency ICRA.The domestic market is expected to expand by 8-10 per cent and Europe by…
The Bank of England on Thursday kept its benchmark interest rate unchanged at 4 per cent, with inflation in the UK still running at nearly double its 2 per cent target. The move was widely expected by markets.Fresh data released on Wednesday showed annual inflation holding steady at 3.8 per cent in August, AP reported.The…
NEW DELHI: Air India Express has announced the launch of daily non-stop flights between Bengaluru and Bangkok starting October 18, 2025, further boosting its international network.The new service will provide convenient connectivity for travellers from Bengaluru and nearby regions to Thailand, a popular holiday destination, just ahead of the festive and tourist season.To mark the…
Maruti Suzuki India, the country’s largest carmaker, on Thursday said it will cut vehicle prices by up to Rs 1.29 lakh from September 22, passing on the benefit of a GST rate reduction to customers.According to the company’s regulatory filing, entry-level model S-Presso will see the steepest reduction of Rs 1,29,600, followed by Alto K10…
Hyundai Motor India Limited (HMIL) and United Union of Hyundai Employees (UUHE), the recognised union of the company, have announced the “successful conclusion and signing of a mutually beneficial wage settlement agreement” for the period 2024–2027, the company said in a statement on Wednesday. The long-term wage settlement is effective from April 1, 2024, through…
Nirmala Sithraman (File photo) NEW DELHI: The next generation GST reforms will leave more disposable income with the people, boost consumption and help inject nearly Rs 2 lakh crore in the economy, finance minister Nirmala Sitharaman said on Wednesday.Addressing a GST outreach programme in Visakhapatnam, Sitharaman said after the GST tax rate rationalisation, 99 per…
The families of four victims of the June 12 crash of Air India Flight AI171 have filed a lawsuit against US planemaker Boeing and aerospace supplier Honeywell, alleging that faulty cockpit fuel switches caused the deadly accident that killed 260 people.The complaint, lodged in Delaware Superior Court on Tuesday, claims the accident occurred seconds after…
MUMBAI: New York’s The Pierre Hotel, managed by the Taj chain, may see a change in ownership. The Sultan of Brunei, along with Saudi businessman Essam Khashoggi, has expressed interest in buying the iconic Manhattan property for $2 billion.If the deal is sealed, Taj could check out of the Pierre after nearly two decades of…
MUMBAI: While a jump in capital expenditure is unlikely this fiscal year, the prospects for the economic growth catalyst are much better over a medium-to-long term, an arm of global rating agency S&P said on Wednesday. Companies are likely to invest upward of $800 billion over the next five years, S&P Global said. “There is…
Global markets steadied on Thursday after the US Federal Reserve cut interest rates by 25 basis points but signaled a cautious approach to further easing.US equity futures rose around 0.3–0.4% after a volatile Wall Street session, where the Dow Jones Industrial Average gained 0.57% to close at 46,018.32, while the S&P 500 slipped 0.10% to…
