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NEW DELHI: India’s medical technology (medtech) sector is set to get its first dedicated investment fund, which will also support the government’s ‘Make in India‘ push. A clutch of investors and industry veterans led by Ganesh Sabat, former CEO of SMT (Sahajanand Medical Technologies), a major cardiac stent player, are floating a Rs 1,000 crore…
MUMBAI: Deteriorating geopolitical situation in West Asia and market conditions across the globe pulled sensex down by nearly 1,100 points on Friday. The index closed below the 79K mark for the first time since April 2025. Banks led the slide as foreign funds sold, dealers said.Sensex started the session on a weak note, down about…
Dubai records Dh422m apartment sale, third highest ever amid regional tensions Dubai’s ultra-luxury property market has delivered another headline-grabbing milestone. Even as geopolitical tensions ripple across the Middle East, the emirate has recorded a Dh422 million apartment sale, the third-most expensive residential apartment transaction in its history, highlighting the remarkable resilience of Dubai’s high-end real…
The Reserve Bank of India (RBI) has proposed changes to its framework on customer liability in digital banking frauds, aiming to widen protection for users and ensure quicker resolution of complaints related to unauthorised electronic transactions.The central bank on Friday issued draft amendment directions and invited comments from stakeholders and members of the public by…
Hyderabad: India’s pharmaceutical sector is staring at potential losses of Rs 2,500– Rs 5,000 crore if March exports to the Gulf Cooperation Council (GCC) and the wider West Asia and North Africa (WANA) are completely disrupted by the ongoing West Asia conflict, which is intensifying pressure on freight, shipping routes, and delivery schedules, according to…
The upcoming Noida International Airport in Jewar has received its aerodrome licence from the Directorate General of Civil Aviation (DGCA), clearing a key regulatory hurdle and bringing the project closer to the start of flight operations.The development was confirmed by Rakesh Kumar Singh, chief executive officer of Noida International Airport Limited (NIAL) and the Yamuna…
FILE -The Daily Telegraph newspaper with the front page of French President Emanuel Macron is seen at a supermarket in London, March 21, 2024. (AP Photo/Kin Cheung, File) German media conglomerate Axel Springer announced Friday that it was purchasing the UK’s Telegraph Media Group for £575 million, in a proposed deal subject to approval by…
Global oil prices surged on Friday as the conflict in West Asia intensified, pushing benchmark crude above the $90 mark amid fears of further supply disruptions.The Brent North Sea crude, the international oil benchmark, rose more than 5% to $90.25 per barrel, its highest level since April 2024, AFP reported.The US benchmark West Texas Intermediate…
US stocks fell sharply on Friday as surging oil prices and disappointing economic data fuelled concerns about a potential stagflation scenario, where slowing growth combines with rising inflation.The S&P 500 dropped 1.6%, while the Dow Jones Industrial Average fell 909 points, or 1.9%, to 48,338.36 as of 9:35 am Eastern Time, AP reported. The Nasdaq…
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
