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Yesterday's big news was related to Tata Steel. Thatchat Vishwanath Narendran, CEO of Tata Steel, has been elected chairman of the World Steel Association. This is the second time that an Indian has been elected as the head of the World Steel Association.
The National Pharmaceutical Pricing Authority (NPPA) has decided to increase the maximum price of 8 scheduled medicines. These medicines are used to cure asthma, TB, glaucoma along with many other diseases.
Before tomorrow's big news, today's major events to keep an eye on…
- There may be a rise in the stock market today.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Tata Steel CEO TV-Narendran became the chairman of World Steel: The second Indian to achieve this position, Sajjan Jindal became the chairman for the first time in 2021.
Thatchat Vishwanath Narendran, Chief Executive Officer (CEO) of Tata Steel, has been elected as the Chairman of the World Steel Association. Narendran will remain on this post till March 31 next year. This is the second time that an Indian has been elected as the head of the World Steel Association.
Earlier in 2021, JSW Group Chairperson Sajjan Jindal had headed this organization. Along with Narendran, two other board members have also been elected to this organization – Colakoglu Metallurgy AS Ugur Dalbeler and Leon Topalian, President and CEO of Nucor Corp.
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2. Government increased the prices of 8 essential medicines by 50%: These included medicines for diseases like asthma, TB and glaucoma, decision taken on increasing the cost.
The National Pharmaceutical Pricing Authority (NPPA) has decided to increase the maximum price of 8 schedule medicines. These medicines are used to cure asthma, TB, glaucoma along with many other diseases.
The Health and Family Affairs Ministry said that NPPA has approved increasing the maximum prices of eleven scheduled formulations of eight medicines by 50% from their existing maximum prices. Earlier, NPPA had decided to increase the prices of 21 and 9 formulation drugs by 50% in 2019 and 2020.
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3. PVR INOX losses of ₹ 11.8 crore in the second quarter: There was a profit of ₹ 166 crore in the first quarter, revenue decreased by 19% to ₹ 1,622 crore.
Multiplex chain PVR INOX has suffered a loss of Rs 11.8 crore in the second quarter of 2024-25. In the same quarter last year, the company had made a profit of Rs 166 crore.
PVR's consolidated revenue from operations declined 19% year-on-year to Rs 1,622 crore in the July-September quarter. In the same quarter last year, the company had generated a revenue of Rs 1999 crore.
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4. Modi said – Data abroad is 10 times more expensive than India: India's mission is to connect the world; Ambani asked for incentive for AI data center
Prime Minister Narendra Modi inaugurated the eighth edition of India Mobile Congress in New Delhi on 15 October. During this, he said that today the price of mobile data in other countries is ten times more expensive than in India. India has only one mission – to connect the world.
More than 120 countries around the world are participating in this tech event. More than 400 exhibitors and around 900 startups have also participated. Tech innovations were shown to PM Modi at the IMC 2024 exhibition. The PM was also accompanied by Union Communications Minister Jyotiraditya Scindia.
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Now read the news you need…
Bank of Baroda launches 'Bob Utsav Deposit Scheme': Up to 7.90% annual interest is available, investment has to be made for 400 days
Bank of Baroda has launched a new deposit scheme named 'Bob Utsav Deposit Scheme'. Under this scheme, on making FD for 400 days, 7.30% interest will be given to general citizens, 7.80% to senior citizens and 7.90% interest to super senior citizens.
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