Economy News ( English version)

After intense negotiations, Sun Pharma is set to acquire Organon for $11.75 billion, marking a significant milestone for Indian overseas acquisitions. The deal aims to strengthen Sun Pharma's global footprint and enhance its offerings in women's health and biosimilars.

The Organon acquisition positions Sun Pharma in the global biosimilars market amid efforts to monetize biologics patent expiries.

Carney unveils $18 billion Canadian government-owned investment fund

Decentralized finance is in the midst of the largest coordinated rescue in its history, an effort marked by moral hazard concerns and ad-hoc coordination that sit awkwardly with the sector’s founding pitch as a disruptor of traditional finance.

The company could make a final decision as early as the end of April, marking a major shift in its China strategy.

To be eligible, loans must be extended to individuals or small businesses with turnover up to ?500 crore, fall under standard retail products, remain within a ?10 crore exposure cap per borrower, and form part of a diversified portfolio where no single borrower accounts for more than 0.2%.

India is set to sign trade agreements with the European Union and the United States in the coming months. Following a pact with New Zealand, these deals signal India's expanding global trade reach. Additionally, discussions for a free trade agreement with the Russia-led Eurasian Economic Union are scheduled for June in Moscow.

The new ECL guidelines would introduce a "staging framework" for asset classification under the ECL approach, replacing the existing incurred-loss-based provisioning framework. However, the central bank said in a note that it would retain the current 90-day overdue rule for classifying non-performing assets (NPA).

Commerce Minister Piyush Goyal met with exporters and industry groups. They discussed ways to boost India's exports and utilize free trade agreements. Exporters requested extensions for export obligations and wider trade relief measures. Concerns about shipping costs and the need for an Indian shipping line were also raised. India's goods exports s […]

India's economy is set for a slowdown in the first half of FY27. Supply disruptions are expected to impact growth. However, demand remains strong. The economy is projected to recover in the latter half of the year. Nomura forecasts a full-year growth of 6.8%. Supportive policies and easing trade tensions are positive factors. The Iran conflict poses a p […]