NEW DELHI: Senior executives of some of the highway construction companies told TOI that the increase has started impacting the road construction cost as bitumen and fuel expenses are around 30% of the project cost. “Since the commercial diesel price is revised from time to time, we are worried whether there will be another round…
NEW DELHI: Several domestic companies including Sun Pharma, Torrent, Zydus, Dr Reddy’s, Glenmark and Alkem announced the launch of semaglutide on Day 1, substantially lowering the cost of weight-loss therapy.This is in the wake of the innovator Novo Nordisk losing its patent on semaglutide on March 20.Sun Pharma’s weekly therapy costs, from initiation to the…
India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…
Global markets have been on a bit of a roller-coaster ride lately, shocked by the ongoing Middle East conflict, which has now entered its fourth week. Just by Thursday, he sharp sell off wipped off Rs 12.87 lakh crore from investor’s wealth as Dalal Street witnessed a bloodbath. Going back further, ever since the crisis…
The Middle East conflict has entered its fourth week and the ripple effects are beginning to show up across major economies. Concerns are growing that any further escalation could disrupt energy flows and add pressure to an already fragile global outlook. The strain is not falling evenly on every country.Some nations are far more exposed…
As the Middle East conflict continues to boil and oil continues to soar, consumers are growing concerned about the cost of petrol and diesel. State-run oil marketing companies have raised prices of premium petrol variants by more than Rs 2 per litre, while keeping retail rates of regular petrol and diesel unchanged. The hike affects…
In a bid to cool rising oil prices amid the ongoing Middle East crisis the Trump administration has begun releasing crude from the Strategic Petroleum Reserve (SPR), lending 45.2 million barrels to energy companies in its first round. The volume released so far represents just over half of the 86 million barrels the administration had…
MUMBAI: As the West Asia war rages on, India’s middle class has begun bearing the brunt. From airfares to air-conditioners, home interiors, bottled water and even regular laundry services, companies across segments are starting to take price hikes to cope with inflating input costs on the back of of supply disruptions and soaring oil, derivatives…
MUMBAI: HDFC Bank has terminated three employees, including senior executives, after an internal probe into the alleged mis-selling of Credit Suisse AT-1 bonds to NRI clients at its UAE operations. The action follows regulatory scrutiny and investor complaints. Shares of the bank closed down 2.4%, continuing Thursday’s decline following the sudden resignation of the bank’s…
NEW DELHI : Weight-loss therapy costs are set to reduce substantially by up to 90%, with generic versions of injectable semaglutide are expected to hit pharmacy shelves from March 21. The move kicks off one of the most closely watched price wars in the high-stakes obesity and diabetes drug market.This is in the wake of…