Indian Pharma is ready to flex generics muscle as Ozempic, Wegovy patent expires today

India, March 20 -- India's pharma industry is ready to flex its generics muscle as the patent for a key ingredient of blockbuster weight-loss drugs expires today. More than 40 Indian drugmakers are g... Read More

Natco Pharma to launch generic Ozempic at 90% discount as price war begins

India, March 20 -- Natco Pharma Ltd. is set to launch the generic version of Ozempic at a price that's 90% cheaper than the original created Novo Nordisk A/S, triggering a price war for weight-loss dr... Read More

RBI says no material concerns on record about HDFC Bank after top-level churn

India, March 19 -- There are no material concerns on record about HDFC Bank Ltd., the Reserve Bank of India said after the sudden resignation of part-time chairman Atanu Chakraborty. "HDFC Bank is a ... Read More

Sensex sheds ~2,500 points, Nifty 50 sheds 3.25% in biggest single-day fall in ~2 years

India, March 19 -- India's equity benchmarks clocked their biggest single-day declines in nearly two years, on the back of a surge in crude oil prices and fastest flight of foreign capital in nearly 1... Read More

Sensex, Nifty 50 test covid lows after fastest flight of foreign capital in ~1.5 years

India, March 19 -- India's equity benchmarks are on track to register their worst fortnight since the covid-crash in March 2020 after foreign investors offloaded stocks at the fastest pace in 17 month... Read More

Atanu Chakraborty resigns as HDFC Bank's part-time chairman due to 'ethical concerns'

India, March 19 -- Atanu Chakraborty has resigned as the part-time chairman of HDFC Bank Ltd. citing a misalignment between his personal ethics and the internal practices of India's largest private ba... Read More

Reliance accelerates plans for Jio IPO, DRHP likely in the next 2-3 weeks

India, March 18 -- Reliance Industries Ltd. is accelerating plans to list Jio Platforms Ltd., appointing a massive syndicate of Wall Street and domestic banks for what is poised to be India's largest-... Read More

Adani secures $1.7-bn takeover of bankrupt Jaypee Group in major infra win

India, March 18 -- The National Company Law Tribunal has approved Adani Enterprises Ltd.'s Rs.14,535 crore ($1.74 billion) resolution plan to acquire bankrupt infrastructure heavyweight Jaiprakash Ass... Read More

Adani secures $1.7-bn takeover of bankrupt Jaypee Group in major infra win

India, March 18 -- The National Company Law Tribunal has approved Adani Enterprises Ltd.'s Rs.14,535 crore ($1.74 billion) resolution plan to acquire bankrupt infrastructure heavyweight Jaiprakash Ass... Read More

Noel Tata seeks truncated term for Tata Sons Chairman Natarajan Chandrasekaran as part of succession revamp

India, March 18 -- Tata Trusts Chairman Noel Tata is advocating for a two-year extension for Tata Sons Pvt. Ltd. Chairman Natarajan Chandrasekaran rather than the five-year mandate, as part of a succe... Read More

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