Thu, Jan 16, 2025 5:31 PM
Rupee ends 18 paise down on rising dollar index, oil prices
A Flip by Shubhangi Gupta
Kelix bio, an emerging markets-focused specialty generic biopharmaceutical company has struck its fifth strategic deal since its acquisition by Abu Dhabi sovereign investor Mubadala Investment Company last year. It has fully acquired a UAE-based diabetes drug manufacturer, expanding its product portfolio of affordable critical drugs.
Open Flip
Retail sales grew 0.4% in December, below expectations of 0.6%, as investors monitor economic growth and interest rate cuts. November sales were revised up to 0.8%, and the control group, which affects GDP, rose 0.7%, surpassing estimates. The report may impact the Fed's decision on interest rate cuts, currently priced at less than 50% before June.
Open Flip
Sustainable packaging solutions startup Zerocircle has raised Rs 20 crore in its seed funding, led by Nithin Kamath's venture capital firm Rainmattter, with participation from 1Crowd, Trousdale Sarosphere LLC, and environmental advocate Trudie Styler, co-founder of the Rainforest Fund. Other participants include VC Grid, 7th Gen Ventures, Spectrum Impact, and LNB Group.
Open Flip
