When Dilip Shanghvi, Yusuf Hamied, Vinita Gupta, GV Prasad, other doyens discussed the future of Indian Pharma

An unusually warm Sunday evening in suburban Mumbai set the stage for a rare coming together of India’s pharmaceutical elite. In the ballroom of a five-star hotel, more than 1,500 industry leaders, policymakers, academics and entrepreneurs gathered to celebrate a book launch, but it soon turned into more than a moment to reflect on the…

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RBI cracks down on mis-selling, issues rules for banks on sales, marketing

The Reserve Bank of India (RBI) has issued comprehensive draft instructions aimed at curbing mis-selling of financial products by commercial banks, tightening norms on advertising, marketing and sales practices, and introducing clear safeguards for customers. The move follows concerns flagged by the central bank in its monetary policy last week, where it said that it…

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Mint Explainer | India vs Bangladesh: Who really wins in the US textile tariff reset?

Dhaka has been offered a zero reciprocal tariff on garments made using US-origin cotton and man-made fibres, a concession India does not have. But that advantage comes with strict sourcing conditions. Since Bangladesh’s garment sector is not built around fibre-based production, the benefit may be difficult to use at scale. India, despite facing similar headline…

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Will banks be closed on 12 February? Unions call for strike, services may be affected

Bank strike: Bank of Baroda (BoB) has informed the stock exchanges that multiple bank unions have called for a strike on 12 February on various issues and demands and notified of potential disruption in services due to it. According to the filing, the All India Bank Employees’ Association (AIBEA), All India Bank Officers’ Association (AIBOA),…

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As Hollywood consolidates, India’s English OTT market faces a reset

As global catalogues consolidate under fewer platforms, industry experts believe these international shifts will fundamentally alter consumer choices in India, forcing rivals like Prime Video and JioHotstar to rethink their strategies for targeting up-market, premium users. The clustering of global libraries reduces friction for consumers who are tired of navigating multiple subscriptions. Platform responses While…

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Erratic winter puts clothing retailers on thin ice for a second straight year

Initial optimism for a bumper season this year compounded the disappointment for retailers. While early signs of a La Niña — a weather pattern typically known for bringing freezing temperatures to India — triggered some early buying in the previous quarter, the season remained unusually mild, leaving stores with a surplus of winter clothing. Excess…

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