Indian Market

Biocon share price may react as USFDA clears cancer biosimilar Jobevne for US market

Biocon share price may react as USFDA clears cancer biosimilar Jobevne for US market

/ Indian Market /

Biocon shares are likely to be in focus on April 11 after its subsidiary, Biocon Biologics, received USFDA approval for its cancer treatment drug Jobevne. The medicine is a biosimilar version of Bevacizumab, which is used in cancer therapy. This is seen as a positive step for the company’s business in the US market. Jobevne […]

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RBI lowers India’s GDP forecast for FY26 to 6.5% amid global trade tensions and rate cut

RBI lowers India’s GDP forecast for FY26 to 6.5% amid global trade tensions and rate cut

/ Indian Market /

The Reserve Bank of India (RBI) has revised India’s GDP growth forecast for the financial year 2025-26 to 6.5%, down from the earlier estimate of 6.7%. RBI Governor Sanjay Malhotra made the announcement on April 9, during the central bank’s Monetary Policy Committee (MPC) meeting. This decision comes alongside a 25 basis points cut in

RBI lowers India’s GDP forecast for FY26 to 6.5% amid global trade tensions and rate cut Read More »

Banking, NBFC and auto stocks perform better as RBI cuts repo rate and turns supportive

Banking, NBFC and auto stocks perform better as RBI cuts repo rate and turns supportive

/ Indian Market /

On April 9, rate-sensitive stocks like banks, NBFCs, and auto companies did better than the broader market, after the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points. The new repo rate is now 6.25%, down from 6.5% earlier. Along with this cut, the RBI also changed its policy stance to

Banking, NBFC and auto stocks perform better as RBI cuts repo rate and turns supportive Read More »

Trump to impose major import tariff on medicines, could impact Indian pharma exports

Trump to impose major import tariff on medicines, could impact Indian pharma exports

/ Indian Market /

US President Donald Trump has said that his government is planning a big tariff on imported medicines. This move is to push pharma companies to make their products inside America instead of depending on countries like China and India. Speaking at a political event, Trump said that a “major” tariff is coming soon. He did

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Chinese stock market bounces back after record fall as government steps in with strong support

Chinese stock market bounces back after record fall as government steps in with strong support

/ Indian Market /

After a sharp fall earlier this week, Chinese stock markets saw a strong rebound on Tuesday. This recovery came as China’s central bank and government-backed funds stepped in to support the falling market. The Hang Seng China Enterprises Index jumped by 3.5%, recovering from its worst trading day since the 2008 financial crisis. At the

Chinese stock market bounces back after record fall as government steps in with strong support Read More »

Govt hikes excise duty on petrol and diesel by Rs 2 per litre, no change in pump prices

Govt hikes excise duty on petrol and diesel by Rs 2 per litre, no change in pump prices

/ Indian Market /

On April 7, the Government of India increased the excise duty on both petrol and diesel by Rs 2 per litre. However, this increase will not affect retail prices at petrol pumps for Indian consumers. According to the latest notification from the Department of Revenue, the new excise rates will be effective from April 8,

Govt hikes excise duty on petrol and diesel by Rs 2 per litre, no change in pump prices Read More »

LPG cylinder prices to increase by Rs 50 from tomorrow, says Oil Minister Hardeep Singh Puri

LPG cylinder prices to increase by Rs 50 from tomorrow, says Oil Minister Hardeep Singh Puri

/ Indian Market /

Starting from tomorrow, the price of domestic LPG cylinders will go up by Rs 50, as announced by Union Petroleum Minister Hardeep Singh Puri. The cost of a standard 14.2-kg cylinder will rise from Rs 803 to Rs 853 for regular users. For Ujjwala Yojana beneficiaries, the new price will be Rs 553 per cylinder,

LPG cylinder prices to increase by Rs 50 from tomorrow, says Oil Minister Hardeep Singh Puri Read More »

Asian stock markets crash as global trade war fears grow, Nikkei down 6%

Asian stock markets crash as global trade war fears grow, Nikkei down 6%

/ Indian Market /

Asian stock markets saw heavy losses on Monday as fears of a global trade war increased. Japan’s Nikkei index crashed 6%, falling to levels last seen in late 2023. Other Asian markets also faced deep cuts. South Korea’s index fell 5%, Chinese blue-chip stocks dropped 4.4%, and Taiwan’s market tumbled nearly 10% after a two-day

Asian stock markets crash as global trade war fears grow, Nikkei down 6% Read More »

India increases checks on Chinese imports as US tariffs raise dumping risks

India increases checks on Chinese imports as US tariffs raise dumping risks

/ Indian Market /

The Indian government has increased its monitoring of goods coming from China after the United States raised tariffs on many global trade partners, including China. This move is meant to prevent a possible rise in cheap Chinese goods entering India, which could hurt local industries. The Department of Commerce, led by Commerce Secretary Sunil Barthwal,

India increases checks on Chinese imports as US tariffs raise dumping risks Read More »

Government clears Rs 18,658 crore railway projects in Maharashtra, Odisha, and Chhattisgarh to expand train network

Government clears Rs 18,658 crore railway projects in Maharashtra, Odisha, and Chhattisgarh to expand train network

/ Indian Market /

The Union Cabinet on April 4 gave its approval to four major railway projects in Maharashtra, Odisha, and Chhattisgarh, with a total estimated investment of Rs 18,658 crore. These projects aim to boost India’s railway infrastructure by expanding the current rail network by about 1,247 kilometres. These multitracking projects are being undertaken by Indian Railways

Government clears Rs 18,658 crore railway projects in Maharashtra, Odisha, and Chhattisgarh to expand train network Read More »

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