UBS has a neutral rating on Cipla with the target price cut to Rs 1,400, from Rs 1,750 earlier. Analysts said the company’s growth drivers are intact but supply headwinds weigh on near-term outlook. A healthy product pipeline to drive FY28 earnings for Cipla. However, there is a lack of near-term catalysts. They feel a…
US Dollar bill bearing Trump’s signature (AI-generated image) US President Donald Trump‘s administration has once again stirred controversy, this time with a proposal to include his signature on American paper currency ahead of the country’s 250th anniversary.The US Treasury Department announced on Thursday that future US dollar notes will carry Trump’s signature alongside that of…
Russian President Vladimir Putin. (AP photo) Russia’s energy revenues are surging as the Iran war rattles global oil markets, with Vladimir Putin estimated to be earning at least $760 million a day from oil and gas exports.According to the Kyiv School of Economics (KSE) Institute, monthly revenues could nearly double from about $12 billion to…
Strategists at Goldman Sachs now project Brent crude to average about $105 in March and rise to $115 in April. (AI image) As a direct fallout of the US-Iran war and rising crude oil prices, Goldman Sachs has adopted a more cautious view on Indian equities, revising its rating to “marketweight,. The global brokerage has…
NEW DELHI: With Climate action gaining momentum as part of India’s net-zero commitment by 2070, the country’s carbon market is beginning to take shape and gain momentum. Homegrown institutions such as the Carbon Registry of India (CRI) are emerging as important enablers for the voluntary carbon market offering platforms to register and track carbon projects,…
NEW DELHI: Govt is likely to extend subsidies for electric two-wheelers under the PM e-Drive scheme until June, while subsidies for e-rickshaws may continue for two years or so. The scheme, initially notified in Sept 2024, is valid till March 31.“We are looking at extending the incentive for these two categories of electric vehicles. Since…
NEW DELHI: Jindal Steel International is seeking clarity from German authorities, with the proposed deal to acquire Thyssenkrupp Steel facing delays over pension-related issues, persons aware of the matter said. The talks remain active and the deal has not been abandoned, though certain legal and operational matters are yet to be resolved. Pension liabilities remain…
NEW DELHI: India on Thursday backed reforming the World Trade Organisation but underlined the need to retain the core focus on poor and developing countries and a consensus-driven decision-making process.“The necessary reform of WTO should be carried out through a transparent, inclusive and member-driven process, keeping development at its core, upholding the foundational principles and…
BENGALURU: India’s e-commerce and quick commerce sector is hiring again, but the playbook has changed. Talent demand rose 35% between 2023 and 2025 to nearly 98,750 roles, even as companies shifted from expansion-led hiring to building technology capability and execution strength, according to a CIEL HR report.The sharpest shift is in technology hiring. Demand for…
MUMBAI: The Indian Global Capability Center (GCC) of Deutsche Bank is betting on a startup-style approach to accelerate AI adoption, with its in-house incubator at Deutsche India Pvt Ltd (DIPL) drawing 100 ideas within its first 100 days, reflecting what its leadership describes as an unusually high openness to technological change among the local workforce.Stefan…
