Nivedita Bhattacharjee

Bangalore

Senior Desk Editor at Reuters

News and edits. Rt, share not = agreeing. Opinions mine. [email protected]

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Articles

Indian Pharma Stocks Fall, Trump Moves to Cut U.S. Drug Prices

3 days ago | gurutrade.com | Kashish Tandon |Nivedita Bhattacharjee |Mrigank Dhaniwala

May 12 (Reuters) - Indian pharma stocks fell 1.6% on Monday, bucking broader market gains, after U.S. President Trump said he would cut drug prices by 30%–80% to match other wealthy nations. Trump said he would sign an executive order on Monday to pursue "most favored nation" pricing. The U.S. currently pays nearly three times more for many prescription drugs, though Trump offered no implementation details.
India's Yes Bank Up after Japan's SMBC Agrees to Buy 20% Stake

3 days ago | gurutrade.com | Hritam Mukherjee |Nivedita Bhattacharjee

May 12 (Reuters) - Shares of Yes Bank jumped 4.6% on Monday, after Japan's Sumitomo Mitsui Banking Corporation (SMBC) said on Friday it will take a 20% stake in the lender, marking India's largest cross-border banking deal. SMBC is a unit of Sumitomo Mitsui Financial Group and is Japan's second-biggest bank.
Instacart CEO Fidji Simo to join OpenAI as head of applications

1 week ago | today.westlaw.com | Savyata Mishra |Chandni Shah |Nivedita Bhattacharjee |Disha Mishra

(Reuters) -Instacart head Fidji Simo will step down to join OpenAI as its chief of applications, CEO and co-founder Sam Altman said on Thursday, adding she will report to him and that he will remain head of the Microsoft-backed ChatGPT maker.
INR Slips, Asia FX Rally Cools; Correlation with Yuan Tightens

1 week ago | gurutrade.com | Jaspreet Kalra |Nivedita Bhattacharjee

MUMBAI, May 6 (Reuters) - The Indian rupee edged lower on Tuesday as regional currencies took a breather following a drop in the offshore Chinese yuan, with traders citing routine dollar demand from oil companies and importers. The rupee was down 0.4% at 84.55 against the U.S. dollar as of 11:20 a.m. IST. The dollar index was treading water below the 100 mark while the offshore Chinese yuan was lower by 0.2%.
U.S. seeks breakup of Google's ad-tech products after judge finds illegal monopoly

1 week ago | today.westlaw.com | Abinaya Vijayaraghavan |Miyoung Kim |Nivedita Bhattacharjee |Mrigank Dhaniwala

(Reuters) -The U.S. Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing and delivering ads on websites, after a federal judge found the company illegally dominated two online ad-tech...
Australia's Qantas Jumps on Oil Price Drop, Easing Fuel Cost Concerns

1 week ago | gurutrade.com | Sneha Kumar |Nivedita Bhattacharjee |Mrigank Dhaniwala

May 5 (Reuters) - Shares of Australia's Qantas Airways rose over 5% on Monday to a one-month high, tracking a drop in oil prices after OPEC+ signaled faster output hikes. Oil prices fell over $2 a barrel after OPEC+ agreed to boost output for a second straight month, despite sliding prices and weakening demand expectations. Jet fuel is a key cost for airlines, and falling prices raise hopes for improved profitability.
Australia launches informal review of unannounced Lactalis bid for Fonterra assets

1 week ago | today.westlaw.com | Rishav Chatterjee |Nivedita Bhattacharjee |Scott Murdoch |Kim Coghill

(Reuters) -Australia's antitrust regulator on Friday began an informal review of Lactalis' proposed bid for Fonterra's assets on the block, even though the French dairy giant said it had not signed any deal with the New Zealand-based firm.
AstraZeneca's 'smoker's lung' therapy meets main goals of late-stage asthma trials

1 week ago | today.westlaw.com | Nivedita Bhattacharjee |Pushkala Aripaka |Mrigank Dhaniwala

(Reuters) -AstraZeneca said on Friday its triple-combination inhaler Breztri Aerosphere met all main goals in two late-stage trials for uncontrolled asthma, showing clinically meaningful improvement in lung function.
Carlyle Group sells its entire stake in India's PNB Housing

1 week ago | today.westlaw.com | Shilpi Majumdar |Nivedita Bhattacharjee |Ananta Agarwal |Hritam Mukherjee

(Reuters) -U.S. private equity firm Carlyle Group has sold its entire 10.44% stake in India's PNB Housing Finance via block deals, according to an exchange filing on Friday. Carlyle was the second-largest shareholder in the non-banking finance company...
EV maker Polestar recalls 28,000 cars in the US over rearview camera issue

1 week ago | today.westlaw.com | Nivedita Bhattacharjee |Zaheer Kachwala

(Reuters) -Electric vehicle maker Polestar is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall, on Polestar 2 models that were sold in...