Reuters India Business

(Reuters) – India’s Biocon Biologics said on Monday it has launched a biosimilar version of AbbVie’s blockbuster rheumatoid arthritis drug Humira in the United States. The launch of the copycat version, branded as Hulio, adds to a list of biosimilars introduced by drugmakers on Monday by Coherus Biosciences and Germany’s Fresenius. Boehringer Ingelheim and Swiss …

India’s Biocon Biologics launches biosimilar for AbbVie’s Humira in US Read More »

(Reuters) -Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest attempt by billionaire Mukesh Ambani’s telecom arm to grab market share in India’s massive and under-penetrated hinterlands. Jio, which famously disrupted the Indian telecom sector in the last decade by introducing cut-price tariffs, will roll …

Billionaire Ambani’s Reliance Jio renews rural India push with $12 4G phone Read More »

By Aby Jose Koilparambil (Reuters) – Prestige Estates is planning a $195 million housing project in Noida this year, its first in north India, its CEO said, placing a bet on booming demand in a region long dominated by rivals such as DLF. Prestige has, for years, focussed on its home turf of Bengaluru and …

Prestige to make north India debut with $195 million housing project Read More »

MUMBAI (Reuters) – Shares of India’s HDFC Bank hit an all-time high on Monday after it completed its merger with parent Housing Development Finance Corp (HDFC), entering the coveted list of the world’s top 10 banks by market capitalisation. HDFC Bank’s shares jumped 3.3% to a record high of 1,757.50 rupees, while HDFC’s shares rose …

India’s HDFC Bank at record high post HDFC-merger, among world’s top 10 banks by value Read More »

By Nishit Navin BENGALURU (Reuters) – Indian automakers posted a rise in passenger vehicle (PV) sales in June, aided by demand for new models, while premium two-wheeler makers saw sales growth on steady urban demand. Auto sales numbers are keenly watched as they are a key indicator for assessing private consumption, which has more than …

India’s June passenger vehicle sales climb on new launches Read More »

BENGALURU (Reuters) -Indian car maker Tata Motors said on Monday it will increase prices of its passenger vehicles by an average 0.6% across models and variants from July 17. The price hike is meant to offset the residual impact of past input costs, the company said in a statement. Tata Motors had announced price hikes …

India’s Tata Motors hikes prices of passenger vehicles for third time in 2023 Read More »

By Shivangi Acharya NEW DELHI (Reuters) – India’s goods and services tax (GST) collections rose nearly 12% year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday. The government collected 1.45 trillion rupees as GST in June 2022 and a record 1.87 trillion rupees in April 2023. It expects to …

India’s goods and services tax receipts rise 12% y/y in June Read More »