TCS Q3 profit drops 14% to ₹10,657 crore

Representative Image | Photo courtesy: Reuters The country’s largest IT services company, TCS, on Monday (January 12, 2025) reported 13.91% decline in December quarter net profit at Rs 10,657 crore. The Tata group company reported a net profit of ₹12,380 crore for the October-December period of FY2025 and ₹12,075 crore for the previous September quarter….

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Gold, silver futures hit fresh records on Federal probe, geopolitical tensions

Image used for representational purposes only. , Photo Credit: Getty Images/iStockphoto Gold and silver futures hit new highs in domestic and international markets on Monday (January 12, 2026) as investors turned to safe-haven assets amid rising geopolitical tensions as the US Federal Reserve and its chairman faced scrutiny. Federal Reserve Chairman Jerome Powell said, “The…

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Selfie, ‘penny drop’ mandated as KYC for crypto customers in India

Selfies with liveness detection, recording of geographical coordinates, and bank account verification by the ‘penny-drop’ method are among the mandatory new measures listed by India’s Financial Intelligence Agency under anti-money laundering and terrorist financing KYC protocols for cryptocurrency exchanges when onboarding users. The directions also discourage Initial Coin Offerings (ICOs) and Initial Token Offerings (ITOs),…

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Dr. Reddy’s biologics unit gets U.S. FDA queries

Dr. Reddy’s Labs. , Photo courtesy: The Hindu Dr. Reddy’s Laboratories has been issued a Post-Application Action Letter (PAAL) by the US Food and Drug Administration with queries related to its biologics manufacturing facility in Hyderabad. Read this also Dr. Reddy’s Srikakulam plant gets VAI tag from US FDA This letter follows a pre-approval inspection…

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A16z raises $15B Says Crypto is Crucial to Preserve US Dominance

Crypto remains a critical technology for maintaining America’s technological edge, according to a16z, which has raised an additional $15 billion to support US-aligned tech investments. Tech-focused venture capital firm Andreessen “a16z” Horowitz said it raised over $15 billion to invest in companies and technologies it sees as critical to secure America’s future and win the…

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Aurobindo Pharma arm’s biosimilar gets Health Canada NOC

The image has been used for representational purposes. Photo Credit: Special Arrangement CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, has received a Notice of Compliance (NOC) from Health Canada’s Biologics and Radiopharmaceutical Drugs Directorate for Dyrupeg, its pegylated filgrastim biosimilar version. Following a successful review, a Notice of Compliance is issued by Health Canada to…

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