Us Business

We thrive on products that have limited competition: Top Sun Pharma execs

In a Q&A, the firm's US business head and its group CFO talk about their plans to scale the specialty products business further, and dwell on the company's strategies post-pandemic

US biz growth in FY23 expected to be flat or low single-digit: Glenmark

Glenmark Pharmaceuticals expects growth of its US business to be flat or at low single digit in 2022-23 amid challenges of price erosion and unpredictable product approval by the USFDA, according to a senior company official. The company's North America business, including the US, recorded a revenue of Rs 662.8 crore in April-June 2022 as compared to Rs 787.8 crore in the year-ago period, down 15.9 per cent. It accounted for 23.9 per cent of consolidated sales in the quarter. In the first quarter, Glenmark's consolidated revenues from operations stood at Rs 2,777.3 crore as against Rs 2,964.9 crore in the corresponding period last year, a decline of 6.3 per cent. "We are looking at flat to low single-digit growth in the US for FY23 compared to FY22," Glenmark Pharmaceuticals Ltd CEO - Global Formulations business Brendan O' Grady told analysts. He was responding to a query on the outlook for the US business and reasons for decline in sales in the country. "The US business is ...

Wall St opens higher as attention shifts to key US business surveys

Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.

Weak US outlook in near term, higher costs to weigh on Torrent Pharma

While the stock has corrected, valuations leave little room for upside

New product launches to drive growth for Lupin, US business a key trigger

This should reverse the US underperformance in FY15-20 with margins too moving up sharply

US releases names of over 10 mn people, businesses that took pandemic aid

Trump administration released the names of over 10 million businesses and individuals that took pandemic aid, providing more transparency for programs which officials say have been plagued by fraud

Dr Reddy's: Progress in Covid vaccine trials to boost firm's growth outlook

Good momentum in US and domestic sales, along with Covid-19 treatment portfolio is already driving analysts to upgrade earnings estimates

Look at India as next investment destination: Piyush Goyal to US businesses

The bilateral trade between the two countries grew from $126 billion in 2017 to $145 billion in 2019.

Facebook CEO Mark Zuckerberg stoked fears of TikTok as 'threat to US biz'

Told Trump clampdown on such firms should be greater priority than reining in Facebook

Donald Trump extends Covid-19 relief package for small businesses

The legislation extends the June 30 deadline for applying for the programme to August 8.

Trump move to ban H-1B visa will hurt job creation, warns business chamber

The visa suspension, which runs to the end of the year, seems to open up some 525,000 jobs for American workers, a senior administration official told reporters

US businesses awake to 'sad day' in Hong Kong as Trump vows to curb ties

Speaking at the White House, Trump said China's move on Hong Kong was a tragedy for the world

Covid-19: US Fed survey on economic revival, outlook and consumer behaviour

The sharp plunge in economic activity recounted in the US central bank's latest temperature check of business activity across its 12 districts shed light on the depth of the economic pain

Covid-19: US deficit could quadruple to $3.7 trillion; GDP to fall 40%

The CBO report illustrated the fiscal pressures lawmakers in Congress face as they prepare to craft new legislation to respond to the pandemic

US business spending picking up, but may slow in Q2

Manufacturing is recovering from a prolonged slump, driven by the energy sector