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Drugmakers kicked off 2024 by raising the list prices for Ozempic, Mounjaro and dozens of other widely used medicines. Companies including Novo Nordisk, the maker of Ozempic, and Eli Lilly, which sells Mounjaro, raised list prices on 775 brand-name drugs during the first half of January, according to an analysis for The Wall Street Journal by 46brooklyn Research, a nonprofit drug-pricing analytics group. The drugmakers raised prices of their medicines by a median of 4.5%, though the prices of some drugs rose by around 10% or higher, according to the research group.

By Sriparna Roy

Ramkrishna Forgings Ltd on Thursday posted a 43 per cent rise in consolidated net profit to Rs 86.86 crore during the December quarter on the back of higher income. The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing. The company's total income in the third quarter of the current fiscal also rose to Rs 1,059.32 crore from Rs 778.22 crore in the year-ago quarter.

(Reuters) — M&T Bank (NYSE:MTB)'s fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit insurance fund

Investing.com -- U.S. futures edged slightly into the green on Thursday, but remained muted as hopes for Federal Reserve interest rate cuts early this year continued to recede. Elsewhere, Google boss Sundar Pichai reportedly warns employees of more impending job cuts at the tech behemoth, while chipmaker TSMC says demand for artificial intelligence will fuel a year of «healthy growth.»

₹ 21,547 crore. This projects will be financed by way of equity infusion by the companies and debt. SECL will set up a 660 megawatt (MW) super critical thermal power plant through a joint venture with Madhya Pradesh Power Generating Company.

The cost of higher education in India has witnessed a surge in recent years, encompassing tuition fees, hostel, books, and miscellaneous expenses. As parents seek to provide quality education to their children, it’s essential to assess the potential financial need and plan accordingly.

Ahead of the Interim Budget to be presented next month, property developers are hoping for lower interest rates on affordable housing loans and lower taxes on such properties to boost demand in the segment.

₹5,000 crore giant with 15-20% growth potential, needs a clearer regulatory framework to flourish," Tushar Bhandari, Whole Time Director, AABL, opined. Also Read | Alco-bev industry in tight spot over shrinking margins as states keep MRP constant: ISWAI's Nita Kapoor The alcobev industry currently faces a challenge where it pays Goods and Services Tax (GST) on the procurement of raw materials, packing materials, and services.

Building Credit Score: Responsible borrowing is an excellent way to build a positive credit history. A good credit score is invaluable for future endeavors, such as buying a home or securing favorable interest rates on loans. Starting early and managing debt responsibly can set a solid foundation for your financial future.

In the dynamic field of AI and large language models (LLMs), recent advancements have brought significant improvements in handling multi-round conversations. The challenge with LLMs like ChatGPT is maintaining generation quality during extended interactions, constrained by the input length and GPU memory limits. LLMs struggle with inputs longer than their training sequence and can collapse if the input exceeds the attention window, limited by GPU memory

₹1.5 lakh to salaried individuals for investing in income tax saving instruments like the Public Provident Fund (PPF), five-year fixed deposit (FD), ELSS, National Savings Certificate, etc. Both individuals and HUFs are eligible for income tax deductions under Section 80C of the Income Tax Act. Experts believe that there is an urgent need to hike the 80C deduction ceiling.

Hindustan Unilever is set to release its Q3 results on Friday, January 19. The company is likely to report a marginal rise of 2.2% in its net profit for Q3FY24 at ₹2,638 crore as compared to ₹2,581 crore in the corresponding quarter of last fiscal, as per average estimates of 5 brokerage houses. Also Read: Q3 result preview: FMCG sector expected to see mid single-digit volume growth, margin expansion trend to continue HUL’s revenue during the quarter ended December 2023 is estimated to remain flat year-on-year (YoY) at ₹15,400 crore.

Union Budget 2024 is an interim budget because Lok Sabha elections are due early next year. The full budget will be after forming a new government Industry experts believe that implementing artificial intelligence (AI) to simplify tax filing could benefit citizens and government alike. “With advanced natural language processing capabilities, intelligent chatbots could understand complex financial data and automatically populate returns for review.

₹120.15 in morning trade on BSE on Thursday, January 18, extending the losses into the third consecutive session, on lingering concerns over profitability after its cement supply agreement with Ambuja Cements. Ambuja Cements acquired 54.51 per cent of Sanghi Industries.

HUL) is expected to report muted numbers for the quarter ended December in the backdrop of weak volume growth, price cuts, and rising advertising costs. India’s bellwether in the fast-moving consumer goods sector is expected to report a 6% year-on-year (YoY) growth in net profit to Rs 2,653 crore, on the back of a moderate 1% growth in revenue to Rs 15,378 crore, the average of estimates given by 13 brokerages showed. Sequentially, the bottomline is seen falling 2.4%, while the topline growing at a moderate 0.7%.

By Leika Kihara

quarter, helped by volume growth and a reduction in costs, said analysts. After clocking double-digit volume expansion in the first half of the year, growth of these companies in Oct-Dec is seen moderating to around 5-6% for most players due to elections in some states, a construction ban in the NCR region and shortage of labor. While the eastern region was an underperformer, northern markets have performed the best, followed by central India, Jefferies said in a pre-earnings note. Growth in Mumbai was average, while southern regions were weak in November-December, it said. Apart from the volume growth, a significant boost to earnings for cement-makers will come from a fall in input costs which is expected to be at its lowest level in seven quarters. Energy costs have seen a sharp decline with the average cost of petcoke down by nearly a fourth as compared to the previous year, while prices of international coal have plunged by more than 60%, Anand Rathi Shares and Stockbrokers said. While the surcharge charged by Railways will see freight costs inch up, the overall costs for cement makers is still seen lower, which along with a marginal improvement in realisations will help the operating profit grow by as much as 45-60% on year, said analysts. Operating margins, meanwhile, are seen almost 450-500 basis points higher as compared to the previous year.

Ayodhya has emerged as the new branding hotspot for India Inc with companies like Coca-Cola, Reliance, ITC, Dabur, Adani Wilmar, Emami, and Parle Products rushing to get the maximum visibility for their products to capitalise on an anticipated influx in devotees to the holy city. Shops and dhabas or roadside restaurants in the city as well as on highways connecting the major Uttar Pradesh cities of Lucknow, Gorakhpur and Varanasi with Ayodhya are witness to coolers, signboards and vending machines being set up by these firms sporting their branded products. In addition, parks, branded gates, changing rooms for devotees, activity zones, stalls, incense paths, and experience centres are also being opened, executives at these companies said. Coca-Cola said it has swapped its trademark red colour branding with brown colours to go with the "temple theme".

Gold prices edged higher on Thursday, helped by a softer U.S. dollar and lower Treasury yields, but hovered near five-week lows as investors tempered rate-cut optimism after hawkish comments from central bank officials and robust data.