Economic Times09.05.2026BusinessIndia
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يتطور·17 dk önce
Dr Reddy's to Halt Semaglutide Injection Supplies Until October Due to Impurities
Dr Reddy's Laboratories will halt semaglutide injection supplies until at least October due to unspecified impurities found during API manufacturing scale-up. Marketed products are safe, but Torrent Pharma and USV are recalling some batches sourced from DRL.
Economic Times
يتطور·42 dk önce
TCS Reports Q1 Revenue Growth Amidst Tech Spending Reassessment
TCS reported $7.6 billion in June-quarter revenue, a 2.7% year-on-year increase. The company saw a 2.7% sequential decline in net profit due to a one-time charge and annual wage hikes impacting operating margins to 24%. Despite cautious tech spending, TCS resumed workforce expansion, adding 9,279 employees.
Times of India
يتطور·4 sa önce
American Bitcoin's Crypto Strategy Leads to Stock Slump and Reverse Split
American Bitcoin Corp., co-founded by Eric Trump, has seen its shares plummet over 95% from their peak, erasing over $600 million from his stake. The company underwent a 1-for-15 reverse stock split to maintain its Nasdaq listing, hitting an all-time low stock price. This downturn highlights a shift in investor preference from pure crypto mining to companies repurposing infrastructure for AI data centers.
Economic Times
يتطور·4 sa önce
India's Fuel Retailers Face Cooking Gas Glut After Over-Booking
Indian fuel retailers have excess cooking gas supplies due to over-booking cargoes amid Persian Gulf disruptions and increased domestic production. Slow demand recovery from large consumers has led to storage issues and penalties.
Economic Times
يتطور·4 sa önce
Samsung Restructures Indian Operations to Boost Home Appliance Profitability
Samsung is restructuring its Indian home appliance operations to improve profitability amid slowing smartphone demand and rising component costs. The move aims to eliminate operational layers and overlapping functions, potentially leading to job losses, and may be replicated globally.
Economic Times
يتطور·6 sa önce
India's Middle Class Drives Growing Dollar Spending
India's expanding middle class is significantly increasing spending on foreign goods and services, making international travel, overseas education, digital subscriptions, and imported electronics major drivers of dollar demand. This trend reflects deeper global economic integration, though oil imports remain the largest forex expenditure.
Economic Times