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MUMBAI: With no negatives for India emerging from the weekend

NEW DELHI: Think tank GTRI on Sunday alleged massive irregularities

MUMBAI: For young working Indians juggling deadlines and responsibilities, mental

MUMBAI: The microfinance industry, once heralded as a tool for

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MUMBAI: With no negatives for India emerging from the weekend meeting between the US President Donald Trump and his Russian counterpart Vladimir Putin in Alaska, and Prime Minister Narendra Modi

NEW DELHI: Think tank GTRI on Sunday alleged massive irregularities in the duty free import-authorisation (DFIA) scheme, with unscrupulous elements taking advantage to import duty free walnuts, saffron, and lithium

MUMBAI: For young working Indians juggling deadlines and responsibilities, mental wellness is becoming a priority. They are willing to spend on soothing experiences-for instance, something as accessible as fragrances. This

MUMBAI: The microfinance industry, once heralded as a tool for financial inclusion and finding wealth at the bottom of the pyramid, is shrinking. Banks and finance companies are cutting back

Mumbai Indians, Royal Challengers Bengaluru (RCB), and Lucknow SuperGiants (LSG) reported revenue declines in FY25, according to the Economic Times.Reliance Industries-owned Indiawin Sports, which operates Mumbai Indians, posted a profit

The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic

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JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Trump tariff pressure: AstraZeneca to move production to US, announces $50 billion manufacturing push

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Trump tariff pressure: AstraZeneca to move production to US, announces $50 billion manufacturing push

British pharmaceutical giant AstraZeneca on Tuesday announced plans to invest $50 billion in the United States, including the construction of a multi-billion-dollar manufacturing facility in Virginia—its largest-ever single manufacturing investment—amid rising pressure from the Trump administration’s tariff push.The company said it expects 50% of its total revenue to come from the US by 2030, underlining its strategic shift toward the American market, AFP reported. “Today’s announcement underpins our belief in America’s innovation in biopharmaceuticals,” AstraZeneca CEO Pascal Soriot said in a statement.The announcement comes as US President Donald Trump ramps up threats of new tariffs on pharmaceutical imports, which had long been exempt from his broader import levies. A White House-ordered investigation is currently underway, with duties potentially reaching as high as 200%, according to administration signals.“For decades Americans have been reliant on foreign supply of key pharmaceutical products,” US Commerce Secretary Howard Lutnick said, AFP quoted. He added that the new tariff measures are aimed at “ending this structural weakness” in domestic drug supply chains.The Virginia factory forms the centrepiece of AstraZeneca’s expanded US operations and reflects broader trends in the industry. Other major pharmaceutical firms, many of which had avoided tariffs for the past 30 years, have also begun shifting investment and production to the US in recent months.AstraZeneca had already announced in April that it was relocating part of its European production to the US, even before the latest tariff measures gained momentum.





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