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Mint. In case of existing similar brand names available in the market, the first manufacturer which submitted an application for it under the Drugs Rule, 1945 shall be allowed to continue marketing. The brand names of other manufacturers shall be withdrawn by the state licensing authority, it said.

Kolkata: Mauritius is inviting Indian Small and Medium Enterprises (SMEs) to set up their units in the island country to capitalise on duty-free export benefit under the African Growth and Opportunity Act (AGOA), an envoy said here. This AGOA offers duty-free shipments to the US market, presenting significant opportunities for Indian businesses, he said. Replying to a question, High Commissioner of Mauritius to India Haymandoyal Dillum said, «Indian industries should make the most of the AGOA agreement with African countries and the US.» Dillum, who visited Kolkata on Saturday to attend a programme of the Bharat Chamber of Commerce, encouraged the leather industry to explore value-added opportunities in Mauritius to gain a competitive edge in the US market.

IndiGo on Sunday started its daily flight services to Jaffna in Sri Lanka from Chennai. Jaffna is the airline's second destination in the island nation after capital city Colombo and 34th international destination, IndiGo said. The new daily direct flights from Chennai to Jaffna cut down the travel time to the city from Chennai to 75 minutes, IndiGo said. IndiGo operates over 2,000 flights to 122 destinations including domestic and overseas.

imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. «China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China,» Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

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tur dal prices alone have shot up 60% in two years—Prakash said he has been forced to grow his own food. “We had to reduce the quantity of nutritious items like pulses and vegetables in our diet. We almost never buy and cannot afford any fruit other than the occasional banana," he explained.

Nifty towards 25,500–26,000 in the short term, says Rupak De, Senior Technical Analyst, LKP Securities. He recommends buying TCS, DLF, and LTIMindtree for the week. Edited excerpts:

India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty. «Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent of its exports and 16.5 per cent of its imports, totalling USD 72.1 billion,» GTRI said in a report. The biggest surpluses were with the USA (USD 21 billion) and the Netherlands (USD 11.6 billion) during January-June this year.

Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty's best week in two months, extending its winning streak to 12 consecutive sessions. The 30-share BSE Sensex climbed 231 points, or 0.28%, to close at 82,365, while the broader NSE Nifty gained 84 points, or 0.33%, ending at 25,235. This is the third consecutive day the Nifty has closed at a record high.

Cultural Encyclopedia of the Dard Tribe: Journey through Gurez and Ladakh (2024). “The inhabitants of Dawar are transforming their ancestral, cultivable land into hotels, cafés and restaurants without taking sustainability into consideration." A little further from the villages, is the 330 MW Kishanganga Hydroelectric Project, which was started in 2018. Ironically, electricity supply to the valley is patchy and unreliable.

India isn’t against investments from China or doing business with companies from there, but it’s common sense to have the investments scrutinised because there is a “general China problem”, external affairs minister S Jaishankar said on Saturday. “It has never been the government’s position… But on the investment issue, it is common sense that investments from China would be scrutinised. I think the border and the state of relations between India and China call for it,” Jaishankar said at a session on ‘New India's Risks, Reforms, and Responsibilities’ at The Economic Times World Leaders Forum. China in many ways is a unique problem because of its distinct political and economic systems, and it’s not just a problem for India, he said. “We are not the only country that is having a debate about China. Go to Europe, and ask them what is today among your major economic or national security debates? It’s about China. Look at the US. It's obsessed with China, and rightly so in many ways. So, the fact is, let's not make out as though it's only India which has a China problem,” the minister said.

Trading quickly became a habit, and Sharma soon felt his dream of achieving financial independence—generating a corpus of Rs 1 crore—was getting closer to reality. But today, Sharma’s account is bleeding red, having racked up losses of Rs 60 lakh, roughly equal to his annual salary. Meanwhile, the habit that started as a cool hobby has now turned into pure addiction. “I just can’t stop! I know I should stop trading for the day if it is not going according to my plan. I know the game is rigged, that most traders lose money… I have all the wisdom, but I am not able to turn my eyes away from the computer screen. I’m addicted to it now like a moth to the flame,” says Sharma, who is the sole breadwinner in his family of five.

The Bitcoin price is at a standstill, trading around $59,039 and meeting resistance at $59,420 within a sustained downward range.

stocks viz. Adani Green Energy, Adani Energy Solutions and Adani Total Gas are eligible for inclusion in the derivatives segment as per the new criteria for the entry into the futures & options (F&O). Securities and Exchange Board of India (Sebi) on Friday tweaked the entry and exit criteria for stocks via a circular. The eligibility of these Adani stocks into the derivatives segments is estimated by Nuvama Institutional Equities which has created a probable list of stocks that could enter the F&O segment as per the new norms, Nuvama said, adding that the final decision lies with Sebi.

Nifty 50 Index ended the week on a very strong note. Witnessing a strong momentum on the upside, the markets expanded their trading range as well. The Nifty traded in a range of 393.65 points during the week and closed near its high point forming a fresh lifetime as well as a fresh closing high for itself. The volatility dropped a bit lower; the India Vix declined marginally by 1.18% to 13.39 on a weekly basis. While the markets rose in almost an unabated manner, the headline index posted a net weekly gain of 412.75 points (+1.66%). The month ended as well; Nifty posted a monthly gain of 284.75 points (+1.14%) The markets are in a strong uptrend; however, once again it has created a situation wherein they have sharply deviated from their mean. This warrants a very careful approach towards the markets. The nearest 20-week MA is placed at 23.659 which is 1576 below the current close. The 50-week MA which is placed at 22104 is 3131 points below the current level. All these things point at the markets deviating from their mean once again; this leaves them prone to volatile profit-taking bouts once again at higher levels.

Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively. In February and March they were net buyers at Rs 1,539 crore and Rs 35,098 crore after starting the year on a negative note in January when they offloaded shares worth Rs 25,744 crore.

They may be known for selling millions of dollars worth of Picassos and Warhols, but prestige auction houses are also some of the last places you can reliably buy a luxury bag in impeccable condition for four figures instead of five. Auction houses like Christie’s and Sotheby’s have grown their handbag businesses in the past decade, as demand for name brands like the Hermès Birkin and Chanel’s flap bag has increased. Thanks to social media, young people are more interested in and knowledgeable about the accessories market than ever before, especially the ins and outs of collecting.

When actions need approval or authorization, someone is usually waiting for a “green light." “Fed Gives Green Light to Lowering Interest Rates," blared headlines after a recent speech by Federal Reserve Chair Jerome Powell. Other papers reported that season four of the Apple TV series “Ted Lasso“ is “Close to a Green Light." The latest Covid-19 vaccines have received a “green light" from the Food and Drug Administration. “Green light" is also part of the colorful metaphorical language exchanged between writers and editors.

Where you come from matters in the quest for Silicon Valley investment money, be it the sandstone arcades of the Stanford University campus or the graffitied offices of early Facebook. Venture capitalists are now coveting a new class of founders—those who served in a specialized unit of the Israeli army. Members of Unit 8200, known for its advanced cybersecurity and cyberwarfare capabilities, have founded dozens of cybersecurity companies.

musical performance and orchestra in licensed liquor shops in Odisha, an official release said. But no dance performance will be allowed in licensed liquor shops, it said. The new excise policy will be implemented from September 1 «No dance performance will be allowed in any 'ON' shop premises. However, the 'ON' shops may conduct musical performance or orchestra within their licensed premises after obtaining necessary permission under Odisha Excise Rules, 2017,» the new policy released on Friday said.