Novo Nordisk-DRL case on semaglutide takes a fresh turn
The ongoing patent-infringement battle between Novo Nordisk and Dr Reddy’s Laboratories (DRL) over semaglutide, the active ingredient in weight-loss and diabetes drug Wegovy/Ozempic, has taken a fresh turn. The Danish drugmaker is said to have appealed before the division bench of the Delhi High Court to restrain DRL from exporting the product, an Intellectual Property Rights lawyer told businessline. With
UnitedHealth facing DOJ investigation over Medicare billing
UnitedHealth Group revealed Thursday it is facing Department of Justice investigations over its Medicare billing practices, adding to a string of setbacks for a company that owns the nation’s largest and most powerful private insurer. In a securities filing, the company said that it has started complying with formal criminal and civil requests from the DOJ, and that it reached
Comcast spinoff Versant announces board of directors
Versant signage on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, July 21, 2025. Michael Nagle | Bloomberg | Getty Images Comcast on Thursday announced the expected board members of its cable networks spinout, Versant. They come from backgrounds in media, technology, finance and other industries, according to Versant. Versant will be the
DoT launches online secure Digital Intelligence Platform to tackle cybercrime and financial frauds
DoT has created an online secure Digital Intelligence Platform (DIP) for the exchange of information pertaining to abuse of telecom resources among the stakeholders for cybercrime prevention and financial frauds. Around 620 organisations have been onboarded on DIP, including central security agencies, State/UT Police, I4C, Goods & Service Tax Network (GSTN), Banks, TSPs, etc. MHA’s role in cybercrime governance Cybercrime
Railroad merger buzz: Union Pacific posts $1.8 billion Q2 profit, Norfolk Southern deal talk lifts stocks
Union Pacific reported a robust second-quarter adjusted profit of $1.8 billion, or $3.03 per share, exceeding Wall Street’s expectations amid ongoing merger speculation with rival Norfolk Southern, the smallest of the six major US freight railroads.The Omaha-based rail giant said its operating revenue grew 2% year-on-year to $6.2 billion. Analysts had expected earnings of $2.91 per share, according to consensus
Family office deals have fallen in 2025 as investors wait for clarity
Key Points Private investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix. Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad. Family office experts told CNBC that firms have capital they need to deploy
Tulsi Therapeutics completes pre-clinical trials of stem cell–exosome therapy for liver failure
Tulsi-28x showed reversal of liver fibrosis (indicating liver regeneration) resulting in zero deaths, compared to only 14 per cent reversal and 43 per cent deaths in the untreated control group | Photo Credit: CIPhotos Tulsi Therapeutics, a start-up incubated at ASPIRE-BioNEST at the University of Hyderabad (UoH), has announced the “world’s first successful animal trial’‘ of a novel stem cell–exosome
India-UK trade deal signed: Landmark multi-billion dollar free trade agreement sealed during PM Modi’s visit; all about the FTA
India-UK Trade Deal (AI image) India-UK free trade deal: In a historic step, the India-UK free trade agreement (FTA) was signed in the presence of PM Narendra Modi and UK PM Keir Starmer. The trade deal which was agreed upon in May this year, was signed on Thursday during PM Modi’s visit to the United Kingdom.The agreement has been finalized
Nvidia’s senior director of robotics research Dieter Fox joins AI2 non-profit
Dieter Fox had been at Nvidia for almost eight years [File] | Photo Credit: allenai.org Nvidia’s former senior director of robotics research, Dieter Fox, announced this month that after almost eight years with the AI chipmaker, he had joined the Allen Institute for AI non-profit research institute as a senior research director, and was building a robotics team. Mr. Fox
VA TECH Wabag bags ₹2,332 cr sea water desalination plant order in Saudi Arabia
The project encompasses the scope of design, engineering, supply, construction and commissioning of a 300 MLD mega desalination plant. | Photo Credit: iStockphoto VA TECH Wabag, a pure-play water technology company, has been awarded a 300 Million Litres per Day (MLD) Sea Water Reverse Osmosis (SWRO) mega desalination plant at Yanbu, in the Kingdom of Saudi Arabia. The order is
India’s sports market to grow at 10-12% CAGR by 2030, exports to surge to $660 million in FY26: Report
One of the key drivers behind this growth is the Indian sports equipment manufacturing sector, which is seeing steady expansion. India’s sports market is expected to register a Compound Annual Growth Rate (CAGR) of 10-12 per cent through 2030, supported by government initiatives promoting sports participation and rising interest in fitness, according to a recent report by CareEdge Ratings. The
Southwest Airlines (LUV) 2Q 2025 earnings
A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 16, 2025. Kevin Carter | Getty Images Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks. The airline also announced a new $2 billion
Chipotle Mexican Grill (CMG) Q2 2025 earnings
Chipotle Mexican Grill on Wednesday cut its forecast for same-store sales growth this year after traffic declined for a second straight quarter. The burrito chain now anticipates flat same-store sales growth for 2025, down from its prior projection of a low-single-digit percentage increase. Chipotle trimmed its same-store sales outlook for the second consecutive quarter. But the company said sales trends are turning around. Starting in June, customers have been
Geo-economy alert: RBI warns of rising tariff era; says resilient trade ties vital for India’s global play
India’s efforts to strengthen its global trade ties, including the upcoming free trade agreement (FTA) with the UK, present a timely strategic opportunity amid rising global uncertainties, the Reserve Bank of India (RBI) has said. In its July bulletin released on Wednesday, the central bank noted that building resilient trade partnerships could help India deepen its integration with global value
Institutional landlords see new competition from an unexpected source
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. It’s getting harder to sell a home, as
Hasbro (HAS) earnings Q2 2025
A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Mark Abramson | Bloomberg | Getty Images Toy and gaming giant Hasbro topped Wall Street expectations for the second quarter as strength in its digital gaming division helped offset continued weaknesses
Natco Pharma to acquire stake in South African firm Adcock Ingram for ₹2,000 crore
Natco Pharma has made an offer to acquire nearly 36% stake in South African pharmaceutical company Adcock Ingram Holdings (AIHL) for $226 million (around ₹2,000 crore). The proposal to acquire the stake from minority shareholders in an all cash deal is a strategic investment aimed at to expanding geographic footprint in South Africa, Natco said on Wednesday. Founded in 1890,
Why cutting capital gains tax on home sales wouldn’t solve housing issues
A Sold sign in front of a home under construction at the Waterways subdivision in Gulf Shores, Alabama, US, on Friday, Dec. 6, 2024. Micah Green | Bloomberg | Getty Images Real estate experts are weighing in on a potential end to capital gains tax on home sales — as floated by President Donald Trump this week — and whether
‘Stop saving Fake $’: Rich Dad author Robert Kiyosaki warns of ‘biggest crash in history’; urges investors embrace gold, silver and Bitcoin
File photo: Personal finance author Robert Kiyosaki (Picture credit: X/@theRealKiyosaki) Personal finance author Robert Kiyosaki has once again raised alarm over the state of the global financial system, urging investors to abandon fiat currencies and instead turn to real assets like gold, silver, and Bitcoin. In a fresh social media post on X, the Rich Dad Poor Dad author reiterated
RFK Jr. to remove mercury preservative thimerosal from flu shots
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr., speaks with Agriculture Secretary Brooke Rollins and Senator Roger Marshall (R-KS) ahead of a roundtable event as part of the “Make America Healthy Again” (MAHA) agenda, on Capitol Hill in Washington, D.C., U.S., July 15, 2025. Ken Cedeno | Reuters The Department of Health and Human Services on Wednesday
Google Play, Android ecosystem generated ₹4 lakh crore in revenue for Indian app publishers in 2024: Google
At Google I/O Connect India 2025, Google announced new initiatives and AI capabilities to support the Indian developer and start-up ecosystem in the country. File | Photo Credit: Reuters Google on Wednesday (July 23, 2025) said, based on third-party evaluations, the Google Play and Android ecosystem generated ₹4 lakh crore in revenue for app publishers and the wider economy in
June home sales drop as prices hit a record high
Homes in Los Angeles, California, US, on Sunday, July 13, 2025. Like in the broader US market, home sales have slowed in Southern California as high interest rates and economic uncertainty chill demand. Eric Thayer | Bloomberg | Getty Images Sales of previously owned homes in June dropped 2.7% from May to 3.93 million units on a seasonally-adjusted, annualized basis,
Goldman Sachs, BNY introduce money market fund digital tokens
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Goldman Sachs and Bank of New York Mellon are set to announce that they’ve created the ability for institutional investors to purchase tokenized money market funds, CNBC has
Centre will do everything for reconstruction in monsoon-hit Himachal Pradesh: Nitin Gadkari assures JP Nadda
Union Road Transport and Highways Minister Nitin Gadkari on Wednesday assured Union Health Minister J.P. Nadda that the Centre would do everything for recovery and reconstruction activities in the aftermath of flood, landslides and cloudbursts in Himachal Pradesh. BJP national President Nadda along with Rajya Sabha member Harsh Mahajan met Union Minister Gadkari here and apprised him about the damage
Indian Railways ticketing rules: Emergency quota rules tightened; same-day requests barred
This is an Ai-generated image, used for representational purposes only. The Indian Railways has issued a new circular revising its emergency quota (EQ) guidelines, requiring all requests to be submitted at least a day before travel.The move, aimed at ensuring timely chart preparation and avoiding operational delays, follows recent changes in reservation chart timings and Tatkal bookings.As per the circular