Business updates

Business updates

Prices of weight-loss drugs set to halve in India as Ozempic patent expires this week

The generic versions of semaglutide are expected to be at least 50% cheaper— ₹5,000 for a weekly dose—than Ozempic in India .>

China's Hua Hong readies 7 nm AI chip as Beijing steps up self-sufficiency drive

China's AI chip manufacturing plans come to the fore after the US allowed Nvidia Corp. to sell its second-most-powerful AI chips to China.>

IDBI Bank shares tumble after govt stake sale plans reportedly scrapped

IDBI Bank's share price fell as much as 15.34% to an intraday low of ₹78.05 apiece on the BSE even as the benchmark S&P BSE Sensex remained largely flat.>

Adani Total Gas cuts industrial gas prices as supply crunch eases amid Iran war

Prices for CNG and PNG remain frozen, shielding retail consumers from the worst of the price swings due to the escalating Iran war, Adani Total Gas says. >

Sensex, Nifty 50 open flat on easing oil supply amid Iran war

Both the equity benchmarks — the 30-share S&P BSE Sensex and the wider Nifty 50 — are trading mixed at the opening bell today.>

Japan's Nikkei share average slides again as Iran-US war threatens economy

The Nikkei has slid more than 9% since the start of US-Israeli air strikes on Iran more than two weeks ago, as the conflict spread into neighbouring nations.>

Upgrad to acquire Unacademy in all-stock deal

Ronnie Screwvala's Upgrad has decided to acquire Gaurav Munjal's Unacademy in an all-stock deal to consolidate India's edtech sector.>

Credits : HTimes