NEW DELHI: The much-hyped weight-loss and semaglutide therapy market has hit an early speed bump. Sluggish sales of semaglutide therapies in May have raised fears of inventory-led losses, with industry estimates pegging the value of excess stock in the trade channel at around Rs 100 crore, sources told TOI.At present, stockists and wholesalers are holding…
NEW DELHI: Wiser from the experience of disruptions caused by the war in West Asia, govt departments have started work on a series of measures to increase domestic resilience and reduce vulnerabilities caused by shocks, whose frequency has increased in recent years.From identifying 100-150 items for import substitution, to boosting the production of active pharamceutical…
India’s digital connectivity industry is expected to remain a major growth engine, but companies operating in the sector will have to navigate intensifying competition, evolving regulations, cybersecurity threats and rapid technological change, India’s digital connectivity industry is expected to remain a major growth engine, but companies operating in the sector will have to navigate intensifying…
Glasgow: Brexit supporters celebrate at George Square in Glasgow, England, as Britain left the European Union on Friday, Jan. 31, 2020. Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the nation since the 2016 Brexit referendum. (AP/PTI) Ten years after Britain voted to leave the European…
India and the US are set to hold ministerial-level negotiations this week to push forward the first phase of their proposed bilateral trade agreement (BTA), with US Trade Representative Jamieson Greer arriving in New Delhi for two days of talks with Commerce and Industry Minister Piyush Goyal.“For the US trade deal talks, tomorrow my counterpart…
Analysts said the outcome of the talks could influence global risk sentiment and energy markets, with a direct bearing on bullion prices. Gold and silver prices are expected to remain driven by developments in US-Iran negotiations, movements in crude oil prices and a packed global macroeconomic calendar in the coming week, analysts told news agency…
India remains the largest market for the Asian Development Bank’s (ADB) private sector operations, with the multilateral lender expecting to provide about $1 billion in direct financing this year for projects aligned with the country’s development priorities, according to PTI.The planned support follows a year in which ADB channelled over $2 billion to India’s private…
India imported an average 2.66 million barrels per day (bpd) of crude oil from Russia in June through June 19, up from 1.91 million bpd in May. India increased crude oil purchases from Russia and maintained near-record imports from the UAE in June as refiners moved to secure supplies while waiting for a full recovery…
Improving global risk appetite and a strong rally in equities helped nine of India’s 10 most valuable companies add a combined Rs 2.15 lakh crore in market valuation last week, with Bharti Airtel emerging as the biggest gainer.The benchmark BSE Sensex climbed 1,274.95 points, or 1.68%, during the week, PTI reported.“Indian equity markets extended their…
Speaking at an interaction with chartered accountants in Mumbai, Goyal said export growth has remained robust even as global trade faces multiple challenges. India’s merchandise exports have grown about 15% during April 1-June 14 despite ongoing global economic uncertainties and higher US tariffs, commerce and industry minister Piyush Goyal said on Sunday, signalling continued resilience…