Reinvent and innovate will be the key mantra for the Indian pharma industry in the New Year as the 'pharmacy of the world' looks to move from volume to value leadership, amid emerging challenges of inflation and pricing pressures in the global markets.

While R&D investment, market competitiveness, regulatory scrutiny, and domestic price regulations are expected to shape the growth of generics and injectable products, concerns such as price control and customs duties on medical equipment will continue to bother the healthcare industry in 2023.

Electric car company Tesla's shares tumbled further to around $137 apiece, its lowest ever, as Elon Musk on Wednesday again blamed global macroeconomic conditions.

Tesla's stock has plunged dramatically since Musk bought Twitter in April this year. Tesla shares are down more than 60 per cent since then, as Musk is busy micro-managing daily affairs at Twitter.

BJP's National General Secretary, Dushyant Kumar Gautam has said that his party will win more than 350 seats in the 2024 Lok Sabha election.

During his visit to Goa, Gautam held meetings with BJP's district committees, 'Mahila Morcha' (party's women wing) and booths at several places.

Mark Zuckerberg, the CEO of Facebook parent company Meta, took the witness stand Tuesday in the FTC's effort to stop the tech giant from buying a virtual reality startup.

At issue is whether Meta's acquisition of the small company that makes a VR fitness app called Supernatural will hurt competition in the emerging virtual reality market.

Engineering and construction conglomerate, Larsen and Toubro has committed Rs 11 crore to support over 100 schools in Tamil Nadu under the government's 'Namma School' initiative, the company said on Tuesday.

The funds are aimed at benefitting government schools in Chennai, Kancheepuram, Coimbatore, Salem, Namakkal, Tiruvallur, Sivaganga, Tirunelveli, Chengalpet and Vellore.

Medical treatment has to be provided to all citizens by government hospitals in the national capital irrespective of the patient's place of residence, the Delhi High Court said on Tuesday, observing hospitals cannot insist on "voter ID".

Justice Prathiba M Singh, while hearing a petition by a Bihar resident who alleged the city government-run Lok Nayak Hospital provided free MRI test facility only to the residents of Delhi.

Shares of Life Insurance Corporation of India (LIC) hit an over six-month high of Rs 754.40, as they gaining 3 per cent on the BSE in Tuesday's intra-day trade, in an otherwise weak market.

In the past two trading sessions, the stock of state-owned insurer has rallied 10 per cent. It traded at its highest level since June 7, 2022.

Hinduja Global Solutions, Hinduja Group's business process management entity, approved the buyback of 6 million shares worth Rs 1,020 crore in the board meeting held on Monday.

The shares, with a face value Rs 10 each, will be bought at "a buyback price not exceeding 1,700 (Rupees one thousand seven hundred only) per Maximum Buyback Price payable in cash

India’s biggest carmaker, Maruti Suzuki India Ltd., said government levies put vehicles beyond the reach of much of the population, adding to criticism of the country’s tax regime from Tesla Inc. and Toyota Motor Corp.

“Government policies are such that they treat cars as luxury products that need to be heavily taxed,” Maruti Chairman R.C. Bhargava said at an event in New Delhi Monday. “Car affordability is not at all related to income.”

India’s largest private bank HDFC Bank Ltd. is seeking to issue a million credit cards a month, a remarkable bounce-back for the lender after the country’s regulator banned it from taking on new card clients two years ago.

The bank wants to double the current pace of half a million new credit card issuances every month, according to Parag Rao, country head for payments business, consumer finance, digital banking and marketing.

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