Business

Sun Pharma, India’s largest drugmaker, is acquiring Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million (over Rs 3,000 crore).The acquisition will bolster the company’s specialty portfolio.Checkpoint is a commercial-stage company that develops novel treatments for patients with solid tumor cancers, and the acquisition includes UNLOXCYT, an FDA-approved treatment for advanced skin…

NEW DELHI: Investments in India are expected to grow at a faster pace than consumption in the financial year 2025-26 (FY26), a report by SBI Mutual Fund said. The report highlighted a gradual improvement in economic growth during the second half of FY25, fueled by supportive measures from the government and the Reserve Bank of…

Private bank, IndusInd Bank on Monday said that it expects a 2.35% decline in its net worth by December 2024, following discrepancies uncovered during an internal review of its accounts, reported news agency Reuters.The bank stated in a stock exchange filing that it has appointed a reputable external agency to independently review and validate the…

India risks facing a shortfall of over a million skilled AI professionals by 2027, jeopardizing its potential to become a global AI talent hub. The increasing demand for AI expertise necessitates urgent reskilling and upskilling efforts to bridge the significant skills gap. NEW DELHI: India is headed towards becoming an AI global hub for talent,…

Deflation occurs when prices of goods and services decrease across the board. Rising prices or inflation is a common headache for economies around the world. But what about falling prices? Believe it or not, a sustained fall in prices, commonly known as deflation, is just as big a concern for governments, as is inflation. And,…

Various small finance banks are currently providing competitive interest rates on fixed deposits. (AI image) Latest Bank Fixed Deposit Interest Rates: The Reserve Bank of India (RBI) announced a 25 basis points repo rate cut in February 2025. Following this decision, numerous fixed deposit investors are seeking FD schemes with maximum interest returns. At present,…

Elon Musk’s significant financial decline has attracted attention from industry analysts. Elon Musk, the world’s richest person, has seen his net worth plunge by an astounding $120 billion in just a few weeks. The chief executive of Tesla, SpaceX and X (formerly Twitter), who now serves in a senior advisory position within the U.S. government,…

Small cap stocks: Bear markets typically display irregular patterns, with temporary upswings often preceding additional downturns. (AI image) Smallcap stocks have demonstrated a remarkable recovery, with a ₹4 lakh crore increase in value over four days. The BSE Smallcap index has recorded a 6.6% increase, sparking optimism amongst investors. However, an ET analysis cautions that…

The upcoming trading week will be shorter due to holidays, with traders focusing on global developments amidst limited domestic events. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened flat in trade on Monday. While BSE Sensex was above 74,300, Nifty50 was above 22,550. At 9:19 AM, BSE Sensex…

Seven & i Holdings Ltd announced that its convenience store brand 7-Eleven is planning to explore potential store sell-offs with Canadian firm Alimentation Couche-Tard (ACT). This decision follows a series of measures introduced by Seven & i just days ago to counter a takeover bid from ACT, while also addressing antitrust concerns ahead of a…