Drugmakers may bear sole responsibility for overpricing essential medicines under NPPA proposal
INDIA BUSINESS | Sat, 29 Aug 2026, 6:00AM IST
The National Pharmaceutical Pricing Authority aims to hold drug manufacturers solely accountable for the excessive pricing of essential medications. This initiative could shield retail chemists and hospitals from legal repercussions concerning pricing infractions. Manufacturers are likely to challenge the proposal, alleging it is uncompromising and unjust. Previously, substantial penalties have been levied against drugmakers for such transgressions.
Continue reading at Economic Times
41m
Trump Says U.S. Has Deal for Control of Large Share of Venezuelas Oil
GLOBAL NEWS | Sat, 29 Aug 2026, 5:40AM IST
The president said an agreement between the countries involved a partnership with private business and more than 65 billion barrels of reserves.
Continue reading at The New York Times
1h
Tata Sons gets 3-month AGM extension relief
INDIA NEWS | Sat, 29 Aug 2026, 5:30AM IST
Mumbai: Tata Sons received a three-month extension from the Registrar of Companies to hold its annual general meeting, after the AGM on August 18 was deferred for want of a quorum, people familiar with the matter said.This was the first time in the history of the group holding company that an extension was sought after an AGM was deferred.The meeting could not be held as the Maharashtra Charity Commissioner did not lift restrictions on Sir Ratan Tata Trust (SRTT), one of the two trusts that together own a majority stake in Tata Sons, to hold meetings or make decisions. As a result, a jointly appointed nominee by SRTT and the Sir Dorabji Tata Trust (SDTT) could not take part, resulting in the lack of quorum.With little visibility on when restrictions on SRTT would be lifted, the company sought deferment of its AGM, officials aware of the matter said. Tata Sons did not comment. An AGM can be held sooner if the charity commissioner lifts the freeze on SRTT, one of the officials said.Also Read | Tata Sons AGM deferred for lack of quorum, first in groups historyInterests of minority shareholdersThe commissioner restrained SRTT pending an inquiry into alleged violations of the provisions on the composition of its board of trustees and other regulations under the Maharashtra Public Trusts Act.133599539Tata Trusts has sought relief from the commissioner to participate in the AGM and also set up a selection committee to search for a successor to N Chandrasekaran, who has said he would not seek reappointment as Tata Sons chairman when his term officially ends in February 2027. The (Registrar of Companies) decision was essential to protect the interests of minority shareholders of Tata Sons, said Ashish K Singh, managing partner at law firm Capstone Legal. The Registrar has to assess each application on its merits, and given the circumstances involving Tata Trusts, the extension was expected, he said.Also Read | Noel Tata, Shapoorji discuss share swap for Tata Sons stake saleChandrasekaran, who was liable to retire as a director by rotation at the meeting, would ordinarily continue as a director until his reappointment could be considered at a valid AGM, subject to Tata Sons articles of association and the manner in which the meeting was adjourned, said Ruchi Khatlawala, partner at law firm Little & Co.Where the meeting has not been validly constituted to consider the relevant business, the question of reappointment remains open for consideration at the properly convened or adjourned AGM, she said. The postponement should also not create a vacancy in the chairmanship, as the position is dependent on Chandrasekarans continuing as a director, Khatlawala said.
Continue reading at Economic Times
1h
India doubles 5G radiation limit to global standard
INDIA BUSINESS | Sat, 29 Aug 2026, 5:30AM IST
India has doubled electromagnetic field limits for mobile networks to global standards. This change allows telecom operators to cover larger areas with fewer towers. The revised radiation rules will come into effect next month, benefiting all operators. This move aligns India with international norms followed by many countries. It aims to ensure quality service amid rising 5G traffic.
Continue reading at Economic Times
1h
Prediction Markets Should Be Regulated as Gambling, Appeals Court Says
GLOBAL NEWS | Sat, 29 Aug 2026, 3:41AM IST
The outcome contradicted an earlier appeals court decision. Federal regulators said the split rulings called for resolution by the Supreme Court.
Continue reading at The New York Times
2h
Chevron Is in Talks to Expand in Venezuela, a Potential Win for Trump
GLOBAL NEWS | Sat, 29 Aug 2026, 3:00AM IST
President Trumps administration has been pushing U.S. companies like Chevron to invest more in Venezuelas oil industry.
Continue reading at The New York Times
3h
US stocks today: US stocks end lower as Warsh keeps inflation fight front and centre
INDIA MARKET | Sat, 29 Aug 2026, 1:45AM IST
US stocks ended lower as Fed Chair Kevin Warsh reaffirmed the central banks focus on bringing inflation to 2%, raising expectations for a possible September rate hike. The Dow, S&P 500 and Nasdaq fell, while Nvidia and other tech stocks weakened. Investors also assessed mixed corporate earnings and economic data.
Continue reading at Economic Times
4h
Bankers question role of RP in the Subhash Chandra case and how net worth was computed
INDIA BUSINESS | Sat, 29 Aug 2026, 1:20AM IST
Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how his networth fell from more than Rs 40,562 crore when he issued the guarantees to Rs 32 crore in 2025, the crowding out of lenders by related party entities in the committee of creditors (CoC), and the role of resolution professional (RP) Shiv Nandan Sharma in admitting questionable entities as creditors highlights the difficulties in recovery in high-profile cases.
Continue reading at Economic Times
5h
In Win for Trump, Chevron Is Said to Be in Talks to Expand in Venezuela
GLOBAL NEWS | Sat, 29 Aug 2026, 1:16AM IST
The Trump administration has been pushing U.S. oil companies like Chevron to invest more in Venezuelas oil industry.
Continue reading at The New York Times
5h
TVS Motor names global biz head Peyman Kargar as next chief executive
INDIA BUSINESS | Sat, 29 Aug 2026, 1:04AM IST
Kargar will take over as director and CEO from K N Radhakrishnan on January 27, 2027, TVS Motor said on Friday. Radhakrishnan will continue as CEO until then and subsequently serve as a non-executive director till the company's annual general meeting scheduled for July 2027. The leadership change comes after TVS Motor sold 5.9 million vehicles globally in FY26 and reported 30% revenue growth.
Continue reading at Economic Times
5h
CIL fears coal gasification scheme will blunt its edge
INDIA BUSINESS | Sat, 29 Aug 2026, 12:42AM IST
Coal India has raised concerns about the coal gasification incentive scheme's rules. The company believes the short bidding window disadvantages state-run firms. Excluding captive power plants from eligible costs also creates a disadvantage. Coal India requested a six-month application period for the initial round. The ministry rejected this, citing immediate subsequent bidding rounds.
Continue reading at Economic Times
5h
Food safety eateries' body says fix the problem, not the blame
INDIA BUSINESS | Sat, 29 Aug 2026, 12:38AM IST
Several prominent Indian restaurants face hygiene violation allegations from consumers and regulators. NRAI president emphasizes fixing problems and fair enforcement over blame and reputational damage. Social media scrutiny and regulatory actions are impacting well-known food establishments across the country. Enforcement must follow legal procedures, offering businesses a chance to rectify issues. This situation highlights the ongoing need for stringent food safety standards and transparent oversight.
Continue reading at Economic Times
6h
Peg by peg, Vodka's share is rising in India
INDIA BUSINESS | Sat, 29 Aug 2026, 12:22AM IST
Vodka is capturing a record share of India's liquor market, driven by younger consumers and women. This trend marks a significant structural shift towards white spirits, especially vodka. Radico Khaitan's vodka business has seen substantial growth over the past five years. The company has also focused on premiumizing its whisky portfolio to adapt. This strategic move reduces dependence on lower-priced liquor and commodity selling.
Continue reading at Economic Times
6h
CNG price hiked by Rs 3.89/kg in Delhi-NCR amid West Asia crisis
INDIA BUSINESS | Sat, 29 Aug 2026, 12:11AM IST
New CNG price: Indraprastha Gas Limited has raised compressed natural gas prices by Rs 3.89 per kilogram. This price adjustment took effect on Saturday, impacting Delhi-NCR consumers significantly. The increase reflects higher import costs for liquefied natural gas amid global energy price fluctuations. Consequently, freight and passenger fares across the region are expected to see an upward revision. This marks the fifth CNG price hike in Delhi-NCR this year.
Continue reading at Economic Times
6h
These Tanks Can Hold 90 Million Barrels of Oil. They Have Just 22 Million.
GLOBAL NEWS | Sat, 29 Aug 2026, 12:06AM IST
Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
Continue reading at The New York Times
6h
Oil Giant Chevron Is Said to Be in Talks to Expand in Venezuela
GLOBAL NEWS | Fri, 28 Aug 2026, 11:57PM IST
Chevron, the second largest U.S. oil company, is building on its wager to remain in Venezuela, where it already accounts for about a quarter of the countrys oil production.
Continue reading at The New York Times
6h
OIL, IOCL exit Gabon block, end decade-old oil project
INDIA BUSINESS | Fri, 28 Aug 2026, 11:42PM IST
Oil India and Indian Oil have relinquished their Shakthi-II exploration block in Gabon. This action terminates their Production Sharing Contract with the country's Directorate General of Hydrocarbons. The project began with an oil discovery over a decade ago. However, repeated delays ultimately led to the block's relinquishment. Both companies had entered the block in an equal fifty-fifty partnership.
Continue reading at Economic Times
6h
Infosys says public services CEO unreachable after deadly Nepal flood
INDIA BUSINESS | Fri, 28 Aug 2026, 11:34PM IST
Lax Gopisetty was visiting the region in his personal capacity; Infosys says it is working with relevant agencies to gather information and establish contact
Continue reading at Business Standard
7h
Jackson Hole Highlights: Warsh Keeps Doors Open For Fed Rate Hike 'Work To Do If Inflation Above 2%'
INDIA MARKET | Fri, 28 Aug 2026, 11:34PM IST
Fed Chair Kevin Warsh is delivered his first major speech at Jackson Hole today. Track all live updates here.
Continue reading at NDTV
7h
INDIA MARKET | Fri, 28 Aug 2026, 11:30PM IST
UGC-NET June 2026 results declared for 84 subjects; scorecards available online.
Continue reading at NDTV
7h
more