Industry

Danish pharma giant Novo Nordisk is preparing for a major push in India with its blockbuster weight-loss drug Wegovy (semaglutide), according to a report by The Economic Times. The company is targeting sales of $1 billion (around Rs 8,600 crore) in the next five -seven years. The Economic Times, citing sources, reports that a pan-India

Despite achieving profitability at the store level, Tata Starbucks—the 50:50 joint venture between Tata Consumer Products Ltd (TCPL) and Starbucks—is grappling with rising losses driven by rapid expansion, said a top executive from Tata Group. While addressing shareholders at the company’s 62nd Annual General Meeting, PB Balaji, Group CFO of Tata Motors and non-executive director

India has ramped up purchases of Russian oil in June, importing more than the combined volumes from Middle Eastern suppliers such as Saudi Arabia and Iraq, amid market volatility triggered by Israel’s dramatic attack on Iran. The US military struck three sites in Iran early Sunday, directly joining Israel which first struck Iranian nuclear sites

Tata Group chairman N Chandrasekaran during Tata Motors’ 80th annual general meeting on Friday said Tata Motors-owned Jaguar Land Rover may face up to £1.6 billion ($2.1 billion) in tariff impacts due to new US trade measures. However, he added that mitigation efforts are underway to reduce the impact to around £600 million. “Tariff is

Global container shipping giant Maersk has announced a temporary pause on the vessel calls at Haifa Port in Israel. The development comes as tension between Israel and Iran continues. Though there is some easing of tension, Maersk’s pause of vessel calls at Haifa Port could be a potential worry for Adani Ports & SEZ Adani

Indian CEOs are increasingly placing their bets on Artificial Intelligence (AI) as a cornerstone of long-term business growth, despite mixed results so far. According to the IBM Institute for Business Value’s annual CEO study, Indian business leaders are more open than ever to investing in AI and digital opportunities but they also recognize the need

Information technology sector is going through an experiment with the development and usage of artificial intelligence. The Tata Consultancy Services and Infosys, the two biggest IT companies in India, a closely monitoring the trends in the AI landscape vis-a-vis the clients’ demands. The two IT majors share one common ground that the clients are moving

Spanish health insurance provider ASISA has joined hands with global technology company HCL Tech to accelerate its digital transformation and business expansion across the Iberian region. With this strategic partnership, ASISA aims to improve digital services and overall customer experience for its 2.2 million policyholders. HCL Tech will modernize ASISA’s IT platforms and use artificial