Sun Pharmaceutical Industries has signed a global licensing deal with US-based LIB Therapeutics for Lerodalcibep, a once-monthly drug used to lower “bad” cholesterol, giving it exclusive rights to commercialise and manufacture the medicine outside the US and China, the company said in an exchange filing on Monday.

The deal gives Sun Pharma access to a $3.7 billion market for PCSK9 inhibitors, a class of cholesterol-lowering medicines.

The Supreme Court on Monday took suo motu cognisance of the gangrape of a minor in a moving bus in Delhi-NCR, observing that such cases underline a systematic failure on the part of law enforcement authorities.

A bench of Justices JB Pardiwala and K Vinod Chandran said one cannot help but draw painful parallels to the Nirbhaya incident of 2012.

Opposition INDIA bloc parties are likely to meet in New Delhi on September 30 to discuss concerns over the Election Commission and the Special Intensive Revision (SIR) of electoral rolls, besides other issues, sources said.

The proposed meeting comes amid increased coordination among opposition parties over the Election Commission following reports of differences within the poll panel over aspects of the SIR exercise.

Indian batting superstar Virat Kohli has said that next year's ODI World Cup is going to be his last for the country and he is going to "leave everything out there" to win the trophy.

The 37-year-old, who now plays only one format, spoke to 'JioStar' ahead of the ODI series against the West Indies starting here on Sunday. The World Cup will be hosted jointly by South Africa, Zimbabwe and Namibia.

India could face an additional $1.8-3.7 billion a year in crude oil costs if it replaces 1 million barrels per day (bpd) of Russian oil with supplies that are $5-10 a barrel more expensive, Financial Express reported on Friday.

Replacing around 2 million bpd could broadly double the impact, although the estimate is a sensitivity calculation rather than a forecast of the current price differential, Natalia Katona, a UAE-based freelance commodity analyst, told FE.

India's government has ordered states to crack down on the sale of nicotine pouches, which it considers a major health risk, saying globally popular brands are being widely ​sold illegally in the country, a letter from the health ministry shows.

Nicotine pouches ​have emerged as one of Big Tobacco's most important bets on a future beyond cigarettes, offering rapid growth, ‌attractive margins and, for now, lighter regulation than many rival smoking alternatives.

In a development that will put the world and West Asia on tenterhooks, Wall Street Journal has reported that President Trump has rejected Iran's proposal for a seven-day ceasefire.

According to the report, which quoted US officials, the US President has told aides he expects to resume bombing Iran after the November midterms.

Banks, particularly state-owned lenders, are set to waive ATM charges for customers during the three-day bank employees’ strike from September 28 to 30 to minimise inconvenience to customers.

The State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Union Bank of India (UBI), Indian Bank and several other public sector banks (PSBs) have said they will not charge customers for ATM withdrawals beyond the free transaction limits prescribed by the Reserve Bank of India (RBI) during the three days.

Around three-fourths of India’s digital payment-accepting merchants have never recorded a transaction of over Rs 2,000 and are insulated from a merchant discount rate on Unified Payments Interface (UPI), National Payments Corporation of India (NPCI) managing director (MD) and chief executive officer (CEO) Dilip Asbe said on Thursday.

India’s central bank carried out currency swaps worth at least $10 billion in recent weeks to reduce liquidity in the financial system, according to people familiar with the developments, as the authority seeks to curb inflation risks from surplus cash.
The Reserve Bank of India conducted the so-called sell-buy swaps with lenders over the past two weeks, including deals with maturities ranging from one month to about six months, the people said, asking not to be named discussing private matters.

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