President Donald Trump is advocating for a significant shift in the pharmaceutical industry by encouraging drugmakers to sell their products directly to consumers. This move aims to streamline the drug distribution process and potentially lower costs for patients. However, the initiative has raised concerns about conflicts of interest, as a company with ties to Trump’s family stands to gain from these changes.
Ashishkumar Manilal Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), has purchased a luxury apartment in Mumbai’s prestigious Lodha World Towers, located in the upscale Worli area. The 1,989.31 sq. ft. residence, situated on the 11th floor of The World Towers complex on Senapati Bapat Marg, was acquired for nearly ₹10 crore, with a registered value of ₹9.93 crore, according to property documents accessed by Liases Foras Real Estate Research & Rating Pvt Ltd.
India’s electronics manufacturing sector is riding a powerful tide. Over the past decade, the industry has expanded sixfold — from ₹1.9 trillion in FY15 to ₹11.3 trillion in FY25 — while exports surged eightfold, from ₹380 billion to ₹3.3 trillion. Value‐addition has also jumped from about 30% to 70%, with a target of 90% by FY27. Government incentives like the PLI scheme and the Electronics Component Manufacturing Scheme (₹229.2 billion) are fueling this growth.
India’s pharmaceutical industry may be on the brink of a breakthrough in its export strategy, following a bold move by China. Beijing has announced a sweeping cut in import duties — slashing the 30 percent tariff on Indian pharmaceutical imports to zero. This decision is expected to open up a duty-free opportunity worth $10–15 billion for Indian drugmakers.
As Q2FY26 earnings season gets underway, investors are scrutinizing India’s banking sector closely. With macro headwinds and signs of slowing credit growth, the question on many minds is whether banking stocks will stumble in the near term or offer a chance for accumulation.
Gold prices continued their upward trend, with 18-carat (18K) gold now priced at Rs 9,644 per gram, excluding 3% GST and making charges, according to the India Bullion and Jewellers Association (IBJA). This means buyers must now pay around Rs 96,440 for 10 grams of 18K gold. Just a few days ago, on 3rd October 2025, the rate stood at Rs 9,473 per gram, highlighting a steady rise in gold prices amid changing global and domestic cues.
The Trump administration has issued a stark warning that mass layoffs of federal workers may commence if negotiations with congressional Democrats to resolve the ongoing partial government shutdown continue to stall. A senior White House official stated on Sunday that such action would be considered if discussions are deemed “absolutely going nowhere.”
Harshil Tomar, co-founder of the Indian startup Dreamlaunch, turned a career setback into a major entrepreneurial milestone after being fired from his remote US job earlier this year. In March 2025, Tomar was dismissed due to his increasing focus on Dreamlaunch, a decision he initially kept from his family to avoid worrying them.
In a significant diplomatic development, Prime Minister Narendra Modi praised US President Donald Trump’s leadership in advancing peace in Gaza. In a post on X, Modi said, “We welcome President Trump’s leadership as peace efforts in Gaza make decisive progress. Indications of the release of hostages mark a significant step forward.” He added that India would continue to strongly support all efforts towards a durable and just peace.
Mumbai’s New Gridlock: IPO Season Turns BKC into a Corporate Carnival Story:Mumbai’s legendary traffic finally has a fresh excuse — IPO season. In September, nearly 80 companies packed into Lower Parel and BKC to woo investors through a frenzy of roadshows for IPOs and QIPs. It wasn’t just gridlock; it was a corporate carnival in […]
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