India’s manufacturing PMI falls to 55.5 in December   India’s manufacturing activity expanded in December but at a slower pace than the previous month. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.5 in December, compared to 57.6 in November. Output remained in the growth territory amid a slower rise in sales and […]
Cipla to launch oral anti-viral covid drug Molnupiravir in India Cipla Ltd has received emergency use authorisation (EUA) permission from the Drugs Controller General of India (DCGI) to launch antiviral drug Molnupiravir. The drug is used to treat mild-to-moderate cases of Covid-19. The pharma company plans to launch Molnupiravir under the brand name Cipmolnu. Cipla […]
Shriram Group to merge its two listed lending units The Shriram Group has announced that Shriram Capital Ltd (SCL) and Shriram City Union Finance (SCUF) will merge with Shriram Transport Finance Company (STFC) as part of its corporate restructuring. The merged entity, Shriram Finance Ltd, would be the largest retail non-banking finance company (NBFC) in […]
Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks SHIB accounted for 6.72% of the total turnover on Coinbase, the Nasdaq-listed crypto exchange, slipping to the third position behind Bitcoin and Ether. SHIB is still ahead of prominent cryptocurrencies like programmable blockchains Solana and Polkadot’s SOL and DOT tokens. French […]
Digital currencies won’t impact US sanctions, Treasury exec says Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to the U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the […]