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Sun Pharma is looking at high single-digit growth in its consolidated topline this fiscal on the back of robust performance from all its business verticals, according to company's Managing Director Dilip Shanghvi. The Mumbai-based company had reported a consolidated revenue of Rs 43,278 crore in 2022-23. «All our businesses are well-positioned, and we expect high-single-digit consolidated topline growth for FY24,» Shanghvi informed shareholders through company's Annual Report for 2022-23. He noted that the global pharmaceutical industry remains quite dynamic, and always buzzing with new avenues for capital deployment. Pursuing any one of these options can place considerable pressure on the balance sheet, he added. «Success is not guaranteed, and it is important for us that we remain thoughtful and selective in deciding which options to pursue. However, we will not shy away from making disproportionate investments to grow our businesses, should an opportunity present itself,» Shanghvi said. The drug maker is currently sitting on a net cash position of around USD 1.5 billion, he said.

The NTSB is renewing its calls for major freight railroads to equip every locomotive with automated track inspection devices that it believes could have prevented a 2021 train derailment that killed three people in Montana

The European Central Bank says the banking sector could withstand a severe economic downturn without depleting their financial buffers against losses

Federal regulators have approved plans to load radioactive fuel into a second new nuclear reactor in Georgia

grain across the southern Ukrainian steppe and away from the shards of three Russian cruise missiles that struck the unassuming metal hangars. The agricultural company Ivushka applied for accreditation to export grain this year, but the strike in mid-July destroyed a large portion of the stock, days after Russia abandoned the grain deal that would have allowed the shipments across the Black Sea without fear of attack. Men shirtless and barefoot, with blackened soles from ash, swept unburnt grain into piles and awaited the loader, whose driver deftly steered around twisted metal shrapnel, bits of missile and craters despite his shattered windshield.

The Fed and ECB both lifted borrowing costs by a quarter of a percentage point while keeping options open for their next meetings in September. In Japan, the central bank made a surprise decision to loosen its yield curve control policy — a pillar of its effort to suppress interest rates and stimulate the economy. That stoked speculation of more drastic changes to the country’s ultra-low borrowing costs.

A few months ago, I was teetering on the brink of feeling overwhelmed by life’s responsibilities, afflicted by the ambient anxiety that seems to be an intrinsic part of life in the 2020s. In an effort to maintain — or maybe restore — my sanity, I embarked on a personal endurance challenge. Other people, at similar moments, begin competing in grueling triathlons, or head off on intensive meditation retreats.

rupee cost averaging are powerful tools that work in our favour. They promise a disciplined approach to investing, regardless of market conditions. However, as your accumulated amount grows, it's time to reevaluate whether rupee cost averaging continues to be effective in maximizing returns. In this article, we unravel the truth and urge you to rethink your SIP strategy.Understanding Rupee Cost Averaging: Rupee cost averaging, a cornerstone of SIPs, is designed to average out the cost of investments over time. By investing a fixed amount at regular intervals, regardless of market fluctuations, it aims to mitigate the risk of making significant investments at unfavourable peaks. The concept is appealing and has proven successful for investors with smaller portfolios.The Question of Effectiveness with Accumulated Amounts:As your investment portfolio expands, it becomes crucial to critically examine the effectiveness of rupee cost averaging. Here's why it might fall short:

Jitendra Singh, who is also a nationally known medical professional and Diabetologist, on Saturday said that early detection is the key to control Type 2 Diabetes Mellitus and many other lifestyle disorders as well as to cure several cancers including breast cancer. The Minister said, with early diagnosis, and easy access to breakthrough treatments available in the country, India can conquer breast cancer in its early stages itself.

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BOGOTA (Reuters) — Colombia's government on Saturday presented a budget proposal worth 502.6 trillion pesos ($127.8 billion) for 2024 to Congress, 19% greater than this year, the Finance Ministry said, an amount that would be the country's highest if approved.

Rangan Banerjee told ET. It's also planning an expansion to Abu Dhabi, where the institution will be «stepping outside its comfort zone and national boundaries,» he said.

European Parliament adopted a unique law under which exporters of select products have to certify that their items sold in the European Union (EU) had not led to deforestation and forest degradation. Under the EU Deforestation Regulation, a slew of products, from coffee to wooden furniture, must not have come from fields that have been deforested after 2020.

New Delhi: The world is flush with funds and with right steps, private capital and investments from pension funds and sovereign wealth funds (SWFs) can be effectively deployed in meeting the green transition of developing nations, G20 Sherpa Amitabh Kant said at a conference in the capital. Speaking at the second day of the G20 conference on ‘a green and sustainable growth agenda for the global economy,’ Kant said that geopolitics should take a backseat at the global economic forum and sustainable development goals should receive primacy at the grouping of nations that accounts for over 80% of the world’s output.

₹1,000/- per day, provided by hotels, clubs, campsites etc. till July 17, 2022. "PG/Hostel Rent paid by inhabitants do not qualify for GST exemption… as the services provided by applicant are not akin to renting of residential dwelling for use as residence," said the Bengaluru bench.

NAIROBI (Reuters) — Kenya's government and opposition will set up a team which aims to resolve their differences, senior politicians from both sides said on Saturday, after a series of opposition protests over the cost of living and tax increases.

By Ardee NAPOLITANO and Clotaire Achi

G20 Sherpa Amitabh Kant said. “The growth in the future will come from emerging markets and this would require financing. The international financial architecture needs to ensure that resources flow from the developed world to the emerging markets and not vice versa,” Kant said.

coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday. An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was convened by the Department for Promotion of Industry and Internal Trade (DPIIT). During the meeting measures taken by different ministries to improve logistics efficiency in the country were also showcased, the commerce and industry ministry said. «A draft coal logistic policy and national coal evacuation plan has been developed by the ministry of coal. In addition, standardization of physical assets (heavy earth moving machines for coal handling) and setting up benchmarks for quality management, is under progress,» the statement said. Speaking at the meeting DPIIT Secretary Rajesh Kumar Singh talked about the critical role played by ports in making India a globally competitive export destination and suggested greater adoption of initiatives like the Logistics Data Bank to draw learnings for improving logistics performance across various metrics. In the meeting, it was highlighted that for making India's domestically manufactured goods globally competitive and for achieving the USD 2.5 trillion EXIM (export-import) target by 2030, it is imperative to have an efficient logistics ecosystem.

By Ruma Paul

By Ludwig Burger and Maggie Fick