The Indian pharmaceutical and healthcare sector is expected to see moderate revenue growth, with EBITDA margins remaining flat, in the March quarter, according to a brokerage report by HDFC Securities.…
Category: Companies
Lufthansa Crew Strike Set to Cancel More Than 500 Flights
(Bloomberg) — Air travelers in Germany face significant disruptions on Friday from a walkout at Deutsche Lufthansa AG that’s set to cause hundreds of flight cancellations at major hubs just…
How Oracle’s huge AI build-out is causing a cash crunch and layoffs
American multinational technology company Oracle, founded by Larry Ellison, is executing the largest layoffs in its history, cutting up to 30,000 jobs or about 19% of its 162,000 global workforce.…
Pilots’ union calls for 48-hour strike at Lufthansa starting April 13
The pilots’ union, Vereinigung Cockpit (VC), has called for a 48-hour strike at Lufthansa starting Monday, April 13, following a breakdown in negotiations over pension schemes. The union stated that…
Maruti Suzuki to launch 4 EVs by 2031
Car market leader Maruti Suzuki India will roll out four more electric vehicles by 2031, a senior executive of the company said on Saturday here. marked a milestone in its…
Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex
Orbicular Pharmaceutical Technologies has received tentative approval for a generic version of Ozempic (semaglutide injection), developed in partnership with Apotex. The product will be marketed and commercialised in the United…
India Inc flags surge in cost of packaging raw material, seeks relief measures
India Inc has flagged concerns about surging costs of packaging and related raw materials, triggered by the West Asia conflict. The volatility in crude oil prices and higher logistics costs,…
Reliance seeks government approval to buy Iranian crude oil
. has sought Indian government approval to import Iranian crude on four vessels, according to a person familiar with the matter, as a key US sanctions waiver nears its April…
Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push
Vietnam’s Vingroup has signed an MoU with the Maharashtra government to explore investments worth $6.5 billion across urban infrastructure, electric mobility, and renewable energy, marking a deeper push into India’s…
IBM to pay $17 million as settlement linked to anti-DEI probe — What was the tech major accused of?
IBM has reached an agreement with the US government to pay $17 million to resolve a federal probe over the firm’s diversity, equity and inclusion (DEI) practices, the Department of…