US tariffs: Global brokerage firm Citi sees minimal impact on Indian pharma firms

Mumbai (IANS) Global brokerage firm Citi said on Tuesday there is a low likelihood of the US imposing tariffs on Indian pharmaceuticals, despite ongoing discussions around the issue. 

The brokerage firm analysed the potential effects of a 10…

Sensex plunges over 1,100 pts amid US reciprocal tariff concerns

Mumbai (IANS) Indian frontline indices declined sharply on Tuesday, dragged by the IT and financial service stocks, amid concerns over the upcoming US reciprocal tariffs from April 2. 

At 11:05 am, Sensex was down 1,136.25 points or 1.47 per…

Potential upside of Nifty and Sensex indicates robust outlook in FY26: Report

Bengaluru (IANS) The benchmark index Nifty is expected to post a 8–10 per cent annualised return in the next fiscal (FY26) while Sensex is projected to give 8–12 per cent return, according to a new report. 

The domestic-focused companies are…

Combined market valuation of top 8 firms rises by Rs 88,000 crore; HDFC Bank leads gains

Mumbai (IANS) The combined market valuation of eight out of the top ten most-valued Indian companies has increased by Rs 88,085.89 crore this week.

HDFC Bank saw the highest gains, reflecting the positive trend in the domestic stock market.

Food processing PLI: 171 firms approved, over 2.89 lakh jobs generated

New Delhi (IANS) A total of 171 food processing companies have been approved for assistance under the Production-Linked Incentive Scheme for Food Processing Industry (PLISFPI) and incentives worth Rs 1,155.296 crore has been disbursed, out of which…

Centre sends another notice to Ola Electric over mismatch in Feb sales: Report

New Delhi (IANS) The Ministry of Road Transport and Highways has reportedly sent a fresh show-cause notice to Ola Electric Mobility, seeking an explanation about mismatch in its sales numbers recorded in February. 

The show-cause notice, dated…

Freight sales up Rs 54,805 crore in 4 years; passenger revenue rises by Rs 20,024 crore

New Delhi (IANS) The freight revenue by Indian Railways has risen by Rs 54,805 crore in four years -- from Rs 1.13 lakh crore in 2019-20 to Rs 1.68 lakh crore in 2023-24, the government said on Saturday. 

On the other hand, passenger revenue…

Indian pharma firms may gain market share due to higher US tariffs: Report

Mumbai (IANS) Indian pharma companies may stand to gain market share due to the potential impact of US tariffs, according to a JPMorgan report. 

Essentially, Indian pharmaceutical companies have the potential to gain market share at the expense…

Core sector industries clock 2.9 pc growth in Feb: Centre

New Delhi (IANS) The combined Index of Eight Core Industries (ICI) increased by 2.9 per cent in February, as the production of cement, fertilisers, steel, electricity, coal and refinery products recorded positive growth, according to data released…

Indian IT services to log 6-8 pc growth once again in fiscal 2026: Crisil

New Delhi (IANS) The Indian information technology (IT) services sector is projected to sustain its 6-8 per cent (in rupee terms) growth in fiscal 2026, amid continuing macroeconomic headwinds and emerging uncertainties in the key markets of the US…