A former human resources officer at Eli Lilly & Co sued the pharmaceutical company on Monday, alleging she was terminated after pointing out poor manufacturing practices and data falsification involving its blockbuster diabetes drug. Read More
By Shanti Ekambaram In an off-cycle policy review, the Reserve Bank of India (RBI) announced a 40 basis points (bps) increase in repo rate to 4.40% on May 4, 2022, in response to the sharp and sustained increase in inflation print. The central bank had also changed its narrative to inflation control and normalising liquidity […]
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The Russia-Ukraine war has exposed India’s high vulnerability to global oil shocks as a country importing 85% of its crude oil requirement. Despite several policy incentives over the last few years to attract foreign investments in oil exploration and production, domestic output of hydrocarbons has been on the decline over the last decade. Both in […]
Exports of wheat flours have witnessed a sudden and unusual spike in the aftermath of the ban the outbound shipment of wheat, industry sources told FE, indicating that many traders may be using this route to beat the prohibition on the grain’s exports. The spike is likely to alarm the government, which has already tightened […]
Stating that there is far less support for climate policies–including tax on fossil fuels–in rich nations, chief economic adviser (CEA) V Anantha Nageswaran on Monday said that developed countries should convince their public about the urgency of adopting policies to mitigate the risks of climate change. Speaking at an event here, Nageswaran said when developed […]
The Indian steel sector’s growth is likely to be stable despite the challenges posed by Russia-Ukraine war or the high inflation impacting input costs, said N Chandrasekaran, chairman, Tata Steel. “While there exist risks of high input costs, the growth of the Indian steel industry is likely to remain stable as domestic demand is expected […]
The global surge in oil prices created by Russia’s military action in Europe and the subsequent sanctions placed on its oil exports would seem to present a huge opportunity for US producers. So why isn’t shale oil responding to higher prices with increased production? Presented by @CME Group: https://www.cmegroup.com/openmarkets/openmarkets-the-economists/2022/Four-Complex-Supply-Chain-Challenges-To-Just-In-Time-Delivery.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_econ&utm_content=more_insights
Boris Johnson’s plans to slash the number of civil servants by 91,000 – around 20% – within three years, will leave Whitehall unable to handle the huge extra workload caused by Brexit, independent experts and unions have warned the government. They say such a reduction would leave the state too small to cope with the […]
Three quarters of business owners wish they had a core business checklist before launching their business to boost their early success, according to new research. In fact, almost three quarters said that start-up success was dependent on good advice. This opinion was particularly strong amongst London business owners with 82 per cent highlighting good advice […]