Biocon Biologics’ Pertuzumab biosimilar has become the first monoclonal antibody biosimilar to receive a positive opinion from the European Medicines Agency’s (EMA’s) Committee for Medicinal Products for Human Use (CHMP) under the regulator’s new tailored clinical development approach.

The CHMP has recommended granting marketing authorisation for the drug, branded as Pebrilzo.

The Supreme Court (SC) has reiterated that circulars issued by the Central Board of Direct Taxes (CBDT) are not binding on courts, while dismissing appeals by taxpayers seeking a deduction under Section 80HHC of the Income Tax Act, 1961, on premiums earned from the sale of export quotas, reported Live Law.

According to the report, a bench of Justices SVN Bhatti and NV Anjaria held that the premium received from the sale of export quotas could not be treated as income generated from exports because the transaction did not involve receipt of foreign exchange.

India is selling more manufactured goods to China, with electronics emerging as a bright spot in a trade relationship that remains overwhelmingly tilted in Beijing’s favor.

Indian exports to China rose almost 40% in the five months through August, an analysis of government data shows, with electronics and engineering goods among the biggest drivers.

Maruti Suzuki India Ltd (MSIL) is targeting 1 million "green vehicle" sales - spanning CNG, hybrid and EV - this financial year, helped by structural tailwinds such as rising crude prices and the introduction of automatic transmission in CNG variants.

The car market leader, under its Auto Green Mission, on Friday launched automatic S-CNG variants of its popular car models - Swift, Dzire and Baleno.

Cough syrup bottles may soon carry a prominent warning against their use in children below four years of age, with India’s drug regulator considering changes to the labelling requirements for such medicines, The Economic Times reported on Saturday.

The proposal, which has been placed before the Drugs Consultative Committee (DCC), calls for the warning to be displayed in red on the bottle label.

President Donald Trump on Friday signed into law a Russia sanctions bill that now empowers him to impose tariffs on countries that purchase Russian petroleum products.

The new sanctions authority has been eagerly anticipated by Ukrainian officials hoping for a tangible sign of US support in its fight against a Russian invasion. The war, now in its fifth year, is in a critical phase of escalation.

India’s smartphone exports reached a record $13.34 billion between April and July — a year-on-year (Y-o-Y) surge of over 31 per cent driven by a rise in Apple iPhone shipments to the United States, according to government data.

Shipments to the US accounted for 70 per cent of India’s total smartphone export value during this period, reaching a record $9.4 billion — a 26 per cent Y-o-Y increase.

The introduction of merchant discount rate (MDR) on Unified Payments Interface (UPI) is unlikely to trigger a shift back to cash transactions, an apprehension raised in some quarters, said RBI Deputy Governor S C Murmu. MDR will help the payments ecosystem recover its costs, he said, adding that while digital payments have increasingly replaced cash as a mode of transaction, cash continues to retain its role as a store of value.

President Donald Trump extended for another year a $100,000 payment requirement for employers seeking to bring certain H-1B workers into the US, saying the restriction has reduced the reliance on lower-paid foreign labour.

The policy, which has drawn opposition from major firms that rely on skilled foreign workers, will remain in place through September 21, 2027.

Shares of India's Tata Group companies lost $4 billion in market value on Friday, as investors reacted to heightened uncertainty over the potential listing and leadership of holding company Tata Sons following a public dispute.

The selloff followed Tata Sons' decision on Thursday to reappoint Chairman N. Chandrasekaran for five years and move towards complying with RBI rules that could require a listing, despite opposition from its 66% shareholder, Tata Trusts.

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