All stories by Sohini Das
Lower input costs may aid pharma firms' Q2 margins
Rediff.com21 Oct 2024Analysts are expecting pharmaceutical companies to post sales growth of 10-11 per cent in the second quarter this financial year while the Ebitda (earnings before interest, tax, depreciation, and amortisation) margins are anticipated to improve by about 110 basis points. Ebitda improvement will be led by lower input costs because prices of active pharmaceutical ingredients (APIs) are 5-15 per cent lower year-on-year (Y-o-Y). Axis Capital said sales growth would be around 10 per cent, of which growth in the India market would be 11 per cent or so.
Maruti, Tatas' Plans To Boost Car Sales
Rediff.com21 Oct 2024'The customer is fast changing, and she demands newer experiences that wealth can buy.'
Adulterated Drugs On Decline Amid Crackdown
Rediff.com10 Oct 2024Rise in raids on illicit drug manufacturing units, alongside arrests for the production, sale, or distribution of spurious or adulterated drugs.
Pharma companies fight fakes with smart packaging
Rediff.com10 Oct 2024Indian pharmaceutical companies are stepping up their efforts to combat the problem of counterfeit drugs, employing a variety of strategies, from packaging innovations to engaging private investigation agencies. The stakes are high, as counterfeit medicines not only harm consumers but also tarnish the reputation of leading brands.
TaMo makes upgrade to EV easier through used car marketplace
Rediff.com1 Oct 2024The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, it has already started work with used online car marketplace Spinny.
India 2nd country after US to make Mercedes 7-seater
Rediff.com20 Sep 2024This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
With Veero M&M aims to expand LCV portfolio
Rediff.com19 Sep 2024Priced at Rs 7.99 lakh for the entry-level product, M&M has launched the diesel and CNG variants of Veero, and an electric version will come in the future.
Maruti to drive deep into small towns via Arena Satellite showrooms
Rediff.com3 Sep 2024Maruti Suzuki India (MSIL) plans to open new Arena Satellite showrooms as the country's largest carmaker aims to tap small towns and new markets, said a senior company executive, amid signs of recovery in rural demand and an approaching festival season. Senior executive officer for marketing and sales MSIL, Partho Banerjee, told Business Standard the company was aiming to penetrate deeper into markets and reach closer to its customers. "We have already had a concept of mobile showrooms in the Arena channel.
I have no retirement or succession plans: Rajiv Bajaj
Rediff.com28 Aug 2024Bajaj Auto is gearing up to launch clean-energy vehicles including another motorcycle powered by compressed natural gas (CNG), showcase ethanol-powered motorcycles and three-wheelers next month, as well as launch a new Chetak platform early next year, as it closes in on hitting 100,000 monthly sales from clean-energy vehicles this festival season. In an interview with CNBC-TV18, Bajaj Auto managing director Rajiv Bajaj said these initiatives were part of the firm's broader goal to achieve monthly sales of 100,000 clean-energy vehicles this festival season.
'No question of bringing in an investor right now'
Rediff.com24 Aug 2024'We have got enough internal accruals, and we are able to do acquisitions on our own.'
'Bharat Serums and Vaccines portfolio can touch Rs 5K cr in 3-4 years'
Rediff.com9 Aug 2024'Mankind's experience, sharpness, and execution will make it happen. We are not going for short-term gains.'
TaMo looks to ace last-mile delivery with sub-600 kg SCV
Rediff.com7 Aug 2024Tata Motors, India's largest commercial vehicle manufacturer, is looking to launch a first-of-its-kind sub-600 kg small commercial vehicle, aiming to cater to the growing demand for efficient last-mile delivery solutions, an area currently witnessing a surge in interest from e-commerce giants. This new entrant is set to be positioned just below the marquee Tata Ace, which is popular across the country as "Chota Haathi".
Will Curvv Be An SUV Trend Setter?
Rediff.com31 Jul 2024'We will have multiple engine options -- electric vehicle and internal combustion engine in diesel and petrol.'
India's First Dengue Vaccine Likely To Be Ready By 2026
Rediff.com30 Jul 2024Dengue has become a major public health concern in India with 289,235 cases reported last year. This year there were 19,447 cases of dengue which resulted in 19 deaths till April 2024.
Diabetes Drug Linked To Vision Loss?
Rediff.com16 Jul 2024Study suggested that constant use of Semaglutide may be linked to development of a condition called non-arteritic ischemic optic neuropathy.
Bharat Biotech finally names ICMR as co-owner in Covaxin patent filings
Rediff.com25 Jun 2024After reports claimed that filings in patent offices in India, the US, and Europe did not mention ICMR or its scientists, but only BBIL and its scientists, the Hyderabad-based biotechnology (biotech) company clarified that in the "rush" to develop vaccines and file appropriate patents, BBIL had missed adding ICMR's name in the original filings.
Cleaner Fuels Driving One-Fifth Of PVs Sold In India
Rediff.com18 Jun 2024Auto manufacturers have focused on launching CNG variants of their popular models to meet consumer demand for vehicles with lower running costs.
'Second-gen promoters more open to selling out'
Rediff.com6 Jun 2024'There is not any negative connotation associated with it.'
'Depending on the product, the pricing pressure will always be there'
Rediff.com3 Jun 2024'That is a significant milestone for us and something we aspired for.'
New-Gen COVID Jabs Coming Soon...
Rediff.com28 May 2024India currently does not have any XBB 1.5 variant-based vaccines available.