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    Indoco Remedies acquires 85 percent equity stake of FPP Holding for over Rs 33 crore from Contract Pharmacal Corp.

    Mumbai: Indoco Remedies Limited, a fully integrated, research-based pharma company has acquired 85 percent of equity stake of the US-based FPP Holding Company, LLC for USD 4 million from Contract Pharmacal Corp. (“CPC”). FPP Holding is the holding company of Florida Pharmaceutical Products, LLC which is based in Florida and engaged in marketing and distribution […] More

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    CCI approves acquisition of up to 76.10 percent of voting share capital of Suven Pharma by Berhyanda

    New Delhi: Anti-trust regulator Competition Commission of India (CCI) approves the acquisition of up to 76.10% of the voting share capital of Suven Pharmaceuticals Limited by Berhyanda Limited. The proposed combination relates to acquisition by Berhyanda Limited (Acquirer) for up to 76.10% of the voting share capital of Suven Pharmaceuticals Limited (Target), by way of a […] More

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    COVID 19: Delhi logs 1,537 fresh cases; positivity rate 26.54 percent

    Delhi logged 1,537 fresh COVID-19 cases on Tuesday with a positivity rate of 26.54 per cent, according to data shared by the city government’s health department. With the new cases, Delhi’s COVID-19 tally has climbed to 20,25,781. Five fresh fatalities have pushed the death toll due to the viral disease to 26,572, according to a […] More

  • Alphabet Shares Fall 4 Percent as Samsung Mulls Replacing Google With Bing as Default Search on Its Devices

    Alphabet shares fell over 4 percent in premarket trading on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion (roughly Rs. 13,29,477 crore) […] More

  • Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent

    Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent

    El Salvador, that has been criticised by the IMF for legalising Bitcoin as a payment option, is reportedly witnessing a drop in the usage of the cryptocurrency. The economy of the central American nation, that depends largely on remittance incomes, has recorded a significant fall in BTC-based remittances. Data from the Salvadoran Central Reserve Bank […] More

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    Higher-dose corticosteroids raise mortality risk by 60 percent in low-oxygen COVID patients: Lancet

    Higher-dose corticosteroids raise mortality risk by 60 percent in low-oxygen COVID patients: Lancet

    UK: Higher dose corticosteroids compared with standard dose corticosteroids increase mortality for patients with COVID-19 and hypoxia who are not receiving invasive or non-invasive mechanical ventilation, findings from a large, randomised trial have shown.  The study found that compared with standard care that included low-dose corticosteroid use, treating hypoxic COVID-19 patients needing only oxygen therapy […] More

  • Apple Supplier Cirrus Logic’s Shares Fall 12 Percent After Kuo Says iPhone 15 Will Drop Solid-State Buttons

    Apple Supplier Cirrus Logic’s Shares Fall 12 Percent After Kuo Says iPhone 15 Will Drop Solid-State Buttons

    Shares of Apple supplier Cirrus Logic tumbled about 12 percent after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate […] More

  • Apple Now Makes Almost 7 Percent of All iPhone Models in India: Report

    Apple Now Makes Almost 7 Percent of All iPhone Models in India: Report

    Apple has significantly increased its production of iPhone models in India, accounting for almost 7 percent of its total iPhone production, up from 1 percent in 2021, Bloomberg News reported on Thursday. The company assembled more than $7 billion (roughly Rs. 57,396 crore) worth of iPhone models in the country in the last fiscal year, the report […] More

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