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Nubra Civil Airport terminal likely to open by December
Ladakh plans to launch civilian flights from Thoise Airport by December. Runway re-carpeting is underway for a November completion deadline. A joint inspection will assess Kargil airport's readiness for civilian flights. These operations will boost the region's connectivity and tourism potential. The Indian Air Force approved land for a new civil terminal.
Cochin Airport accuses SpiceJet of misinformation amid Kochi delays
Cochin International Airport Ltd (CIAL) accused SpiceJet of spreading misinformation by blaming bad weather for recent flight disruptions from Kochi.
FSSAI sends more than 150 notices to food, beverage firms
Indias food safety regulator FSSAI has issued over 150 notices to food and beverage companies over misleading advertisements, false claims and labelling violations.
Day 2 of Imphal-Guwahati bus service goes off without a hitch, after 3 year suspension
Public transport services between Imphal and Guwahati resumed smoothly on Saturday. Over two hundred passengers departed Imphal in a fleet of buses and vehicles. This resumption follows a three-year suspension due to ethnic unrest in Manipur. Interstate passenger bus services had been suspended since May 3, 2023. The restoration of this crucial inter-state link is widely appreciated by the public.
India's MICE sector to grow by 12-14 pc annually for next 3-5 years: NIMA
The MICE sector in India is set to experience an annual growth of 12-14 percent over the next five years. Meanwhile, destination weddings are skyrocketing with year-on-year growth rates of 15-20 percent. Tier II and III cities are increasingly recognized as promising locations for MICE and wedding events.
Investment advice may seem simple, but executing it is often emotionally challenging. Investors struggle to adhere to systematic investment plans during market downturns, experiencing fear and anxiety despite knowing what to do.
India Post RPLI elibility expanded: The change is aimed at helping policyholders who move from rural to urban areas maintain their insurance by enabling them to pay premiums through a savings account with any scheduled bank.
40% of India office occupiers concerned over availability of quality space through 2028: CBRE
A significant 40% of Indian office tenants express concerns about securing quality office space by 2028. As companies prioritize improved employee experiences alongside growth, established business districts continue to be their top choice for future office needs. Leasing trends indicate a strong demand for investment-grade assets in major micro-markets, prompting occupiers to plan their office relocations and expansions well ahead of time due to limited availability.
$400bn to $20tn: Indias rich fuel investments
Govt tightens rules on combinations containing 2 chemical compounds for young children
The government has restricted fixed-dose combinations containing Chlorpheniramine Maleate and Phenylephrine Hydrochloride. These medicines are now prohibited for use in children below four years of age. Manufacturers must clearly display a warning on all associated product packaging. This action follows recommendations from an expert committee and the Drugs Technical Advisory Board. The notification is effective from its publication date in the official gazette.
FAST-DS 2026 gives eligible taxpayers a one-time opportunity to disclose certain foreign assets and dormant overseas bank accounts by 31 December 2026. Heres who can use the scheme, the 1 crore and 5 crore limits, and how the disclosure works.
The next export story: A $50 billion prize India can't afford to miss
Indias telecom equipment exports remain small at about $0.6-1 billion a year, while imports are four to five times higher. A new NITI Aayog assessment says India could turn this imbalance into an opportunity and become a $50 billion telecom equipment export hub by 2035.
Your money doesn't need another AI review Financial planner says stop outsourcing your patience
AI allows investors to compare investment options, estimate their retirement corpus or review their portfolio in mere seconds by transforming hours of complex financial research into a simple conversation.
Commercial vehicle loans will grow significantly over five years. Used car loans are the fastest-growing segment, formalizing credit access. Two-wheeler financing maintains the largest borrower volume, introducing many new customers. Auto loan disbursements are shifting towards higher values, increasing average ticket sizes. Delinquency indicators are improving across most vehicle loan categories.
Employer contributions and tax-free withdrawals enhance EPF's attractiveness, according to EPFO. The stock market serves different financial goals, it says.
The 8th Pay Commissions current terms of reference do not explicitly provide for pension revision for employees who retired before 1 January 2026. Past Pay Commissions show that the government can amend their ToR, but pensioners demands for a change to the 8th CPC mandate are yet to be accepted.
CIAL accuses SpiceJet of misinformation over Kochi flight disruptions
Cochin International Airport Limited stated no adverse weather affected Kochi flights. SpiceJet spread misinformation by blaming weather for service disruptions. The airport operator noted ongoing operational issues with SpiceJet flights. These problems have caused considerable passenger inconvenience and uncertainty. CIAL advised passengers to recheck their flight status with the airline.
Retirement planning requires early planning and taking various factors into consideration. For a 5 crore corpus by 60, monthly mutual fund SIP amounts can vary based on your age. Check calculations here.
Indias retirement-income replacement rate is around 3540%, below the global level of about 60%, PFRDA chief S. Ramann said. As PFRDA targets 30 crore NPS and APY subscribers, the regulator is urging Indians to build larger retirement savings through regular investments.
India raises $72.8 billion via overseas deposits, loans, central bank says
Indian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians and other loan sources. Banks have been permitted to use these foreign funds for lending to non-resident Indians. The Reserve Bank of India reported sixty-five billion dollars via FCNR deposits. A discounted forex swap facility for banks will close on August thirty-first.
India may add 45-50 GW renewable capacity annually over next 2 years: Report
India's ambitious renewable energy plans aim for an addition of forty-five to fifty gigawatts each year, supported by a significant number of projects pending power purchase agreements. The surge in electricity demand has greatly enhanced thermal plant usage rates, with renewables currently making up around twenty percent of the generation mix. It is expected that execution challenges in transmission will ease as the fiscal year unfolds.
Why is professional tax deducted from your salary; can you claim it as a deduction while filing ITR?
In India, professional tax is deducted from salaries or paid directly by self-employed individuals. The structure varies by state, but not every state imposes this tax. Details here.
ITR filing for freelancers: Form, foreign expenses, tax deductions, deadline All FAQs answered
With the August 31 ITR deadline approaching, freelancers must ensure that they select the appropriate ITR form, report foreign income, and deduct eligible business expenses, ensuring compliance to avoid penalties. All FAQs answered here.
India clears 7,000 crore LPG pipeline expansion across 6 states
India's oil regulator has approved nearly 1,800 km of new LPG pipelines. This expansion will significantly boost the country's fuel supply network. The projects aim to reduce dependence on road transport for fuel distribution. New infrastructure will enhance efficiency and reliability of inland LPG movement. This strategic development supports India's reliance on imported liquefied petroleum gas.
JioBlackRock Mutual Fund announces feature changes across 6 funds, including flexi cap, large cap
JioBlackRock Mutual Fund will revise six schemes from August 26 to align with SEBI norms. Changes include broader gold and silver ETF exposure, revised asset allocations, updated maturity definitions, and renaming of two debt funds to reflect their duration strategies.
EPF does not always stop earning interest when you leave a job or retire. EPFO rules explain when interest continues, when an account becomes inoperative and what happens to the balance.
Government removes 12-minute cap on TV advertisements
The Government has removed the 12-minute-per-hour advertisement duration cap for television channels, with the Ministry of Information and Broadcasting notifying the Cable Television Networks (Amendment) Rules, 2026 in the Gazette on August 21.
A defence employees' federation has proposed 72,000 as the minimum monthly pay for central government employees under the 8th CPC, up from 18,000. Its three-step formula factors in national income growth, a larger family unit and fiscal prudence.
Mid-size SUVs gain share in India as car buyers move to bigger vehicles
The rise of mid-size SUVs is revolutionizing the passenger vehicle landscape in India, with buyers now placing a higher value on ample space, comfort, and cutting-edge features compared to compact cars. This evolving preference signifies a shift towards premium offerings within the Indian automotive market. Automakers are adapting their strategies by introducing more vehicles in this favored category, significantly affecting the sales of conventional hatchbacks and sedans.
Apple may expand manufacturing in India beyond iPhones
In an effort to bolster its device manufacturing sector, India has launched a new scheme aimed at enticing industry leaders like Apple and Google. The government has put forth a Rs 62,500-crore plan designed to elevate domestic value addition and empower Indian smartphone brands. With notable growth in mobile phone exports, this initiative endeavors to encourage both local sourcing and increased production from global firms.
EPFO urges establishments to enrol eligible workers under EEC 2026
Establishments can now enrol previously uncovered employees under EPF. This Employees' Enrolment Campaign 2026 offers a one-time opportunity for compliance. Eligible workers will gain access to provident fund and pension benefits. Employers must complete enrolment and remittance through the online portal. The campaign aims to bring more workers into the social security framework.
HDFC and Axis Mutual Fund resume subscriptions in gold ETFs and gold ETF FoFs
HDFC and Axis Mutual Fund have resumed unrestricted subscriptions in gold ETFs and funds, following similar moves by Tata and Aditya Birla Sun Life. Restrictions imposed amid strong inflows and physical gold supply constraints are being lifted as market conditions normalize, allowing investors greater access to gold-linked mutual fund schemes.
Gold gets its glitter back as Indian buyers return ahead of wedding and festive season
Indias gold demand is recovering after Junes price correction, with jewellery purchases, imports and retailer stocking picking up ahead of the festive season. Gold ETFs also continue to attract investors, while old-gold exchanges are helping consumers manage elevated prices.
HSBC opens 3 international mutual funds to fresh SIPs, what investors need to know before investing
HSBC has reopened three international mutual funds to fresh SIPs and lump-sum investments, with a 2 lakh monthly limit. The funds offer exposure to emerging markets, Asia-Pacific and Brazil, with one-year returns ranging from 28.9% to 53.6%.
Gold rates today: Here is a look at todays 18k, 20k, 22k and 24k gold prices at the India Bullion and Jewellers Association (IBJA), along with the latest 22k gold rates listed by Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers.
An IndiGo flight from Delhi to Gorakhpur performed a precautionary go-around before landing safely. Maintenance crews later discovered minor scratches near the aircraft's APU inlet. Another IndiGo flight from Trichy to Singapore returned due to a technical snag. This aircraft circled for two and a half hours before landing safely. An alternative flight was arranged for all 127 passengers to reach Singapore.
Rs 5 lakh investment in post office TD: 1, 2, 3 and 5-year interest rates, maturity amounts compared
Post office time deposits provide a reliable income source, supported by government assurance for investors. When you invest Rs 5 lakh, the maturity amounts vary significantly depending on your chosen tenure. The government updates interest rates quarterly, resulting in maturity values ranging from Rs 5.35 lakh to Rs 7.24 lakh. It's important to note that only the 5-year time deposit qualifies for tax benefits.
FCNR deposits emerge as banks new FY27 growth lever: Report
Indian banks anticipate stronger net interest income and earnings growth in FY27. This outlook is supported by robust foreign currency deposit mobilization and healthy credit demand. Systemic credit growth is projected around fifteen percent year-on-year, with FCNR deposits aiding expansion. Asset quality remains stable, and deposit growth has strengthened significantly by end-July. ICICI Securities maintains a positive stance on the banking sector's performance.
Planning a Rs 10 crore retirement corpus? Know the mutual fund SIP amount you need
See how your starting age can dramatically change the monthly SIP needed to build a Rs 10 crore retirement corpus by age 60, assuming a 12% annual return.
HDFC Bank, Trent among 10 stocks that saw the biggest decrease in mutual fund value in July
Ten stocks saw the biggest month-on-month decline in mutual fund holdings in July, led by HDFC Bank, Axis Bank and L&T. Varun Beverages, Dr Reddys Labs, BOB and Avenue Supermarts also recorded significant reductions, reflecting mixed buying and selling activity among mutual funds across major stocks.
Unlimited sum insured removes the fixed monetary ceiling on eligible hospitalisation claims, but it does not mean every medical expense is covered. Heres what unlimited health insurance mean, its benefits against rising medical costs, and the exclusions policyholders should know.
MCX among 6 common stocks held by these 3 top-performing small-cap funds in July
The top three smallcap funds delivered over 26% one-year returns, with six common holdings including City Union Bank, MCX, Radico Khaitan, Sky Gold, Syrma SGS Technology and WeWork India.
Explained: 5 reasons why skipping SIPs may affect your long-term wealth creation
Regular SIP investing helps investors benefit from compounding, rupee-cost averaging and financial discipline. While missing one instalment may have limited impact, repeatedly skipping SIPs can reduce long-term wealth, disrupt investment habits, affect financial goals and potentially interrupt mandates. Investors facing difficulties should consider temporarily reducing or pausing SIPs rather than stopping investments altogether.
EPF vs stock market: EPFO reveals 6 reasons why EPF offers greater retirement security
The Employees Provident Fund (EPF) presents a government-backed savings scheme, ensuring consistent interest rates with mandatory contributions from eligible employees. In contrast, the share market offers a more volatile investment route, where participation is entirely optional. While EPF secures tax advantages, pensions, and insurance, shares may promise greater returns but come with inherent risks.
ITAT Delhi overturned a 3.74 lakh penalty on a salaried employee who earned 30 lakh salary , as the delay in ITR filing was due to procedural lapses, not intent to under-report. Details here.
Struggling with loan repayments? Learn how early communication with lenders, debt prioritisation, spending control and restructuring options can help borrowers manage EMIs, reduce financial stress and protect their credit profile from further damage.
How a mutual funds AUM impacts returns: Should investors worry when it grows too large?
A large-cap fund may be able to handle a large AUM. But, for a mid- or small-cap fund, a large AUM can lead to higher diversification or higher cash levels, which can impact the schemes returns.
Passive investing gains ground: Whats driving the shift to index funds and ETFs?
Passive funds generally have lower expense ratios because the fund manager is not actively selecting stocks. Over a long investment period, even a small difference in annual cost can make a meaningful difference to the final corpus.
The RBI has released the SGB premature redemption calendar for October 2026 to March 2027, covering 32 eligible tranches. Investors should check their SGB series and submit redemption requests within the specified window to exit before maturity.
Income tax department has urged taxpayers to file their ITR before the August 31 deadline. Here's who should file by that due date and which return form is meant for you.
NBFC growth outlook remains resilient; margin pressures, asset quality key monitorables: Report
Non-banking financial companies anticipate steady growth in the near future. Credit demand remains healthy, and asset quality is expected to stay stable. Vehicle financiers saw accelerated asset under management growth this quarter. Gold financiers experienced moderated growth after new guidelines were implemented. Power financiers continue to show the weakest performance in the sector.
Goldman Sachs picks ICICI Bank, Kotak Mahindra Bank as top banking bets
Goldman Sachs has begun its assessment of fourteen Indian banks, pinpointing its top selections. ICICI Bank and Kotak Mahindra Bank stand out with Buy ratings that indicate substantial upside potential. The firm anticipates a cyclical recovery in earnings across the banking sector. It forecasts that private banks will surpass their state-owned counterparts in performance over the next two years, buoyed by loan growth and enhanced liquidity.
Landowner faced 3.41 crore tax on a 6.82 crore sale he never made; ITAT Ahmedabad deletes addition
An Ahmedabad landowner faced a 3.41 crore tax addition after his co-owned land was allegedly sold for 6.82 crore using forged signatures and a fake power of attorney.
UIDAI has completed over 2 crore Aadhaar biometric updates for school children under a nationwide drive. With the process currently free for eligible children, parents should know when the update is required, why it matters and how to complete it before the deadline.
Tesla, eight other automakers recall record 4.3 million vehicles in China
Tesla and eight automakers are recalling 4.3 million vehicles in China. This recall addresses concerns about doors being difficult to open in emergencies. The remedies include software updates and improved warning labels for door handles. This action marks China's largest automotive recall to date. Regulators are increasing scrutiny of safety defects in the electric vehicle industry.
Freelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is essential and varies based on turnover, with distinct reporting dates. Selecting the appropriate ITR form such as ITR-3 or ITR-4 plays a crucial role in accurately reporting income. Eligible business expenses can be claimed by freelancers, which helps minimize their tax burden, while income from foreign clients needs clear disclosure.
Hardeep Puri hails Assam Hydrocarbon Policy as landmark initiative; policy comes into force
Welcoming the policy, Puri said the initiative would put the Northeast on the path of fast-paced development while helping unlock Assams untapped hydrocarbon potential.
Sabyasachi to enter fragrances, footwear and small leather goods categories
Sabyasachi Mukherjees luxury brand is planning to enter fragrances, footwear and small leather goods, while expanding eyewear as part of its strategy to become a global luxury lifestyle brand.
Banks ride RBI swap wave to raise $12 billion via overseas debt
This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.
Samsung to reclaim top position in smartphone market this year: Counterpoint Research
Samsung is expected to reclaim the top spot in the global smartphone market in 2026, even as a worsening memory-chip shortage drives up component costs and hits overall phone shipments, according to Counterpoint Research.
Tata Motors Passenger Vehicles to cost up to 25,000 more from September 1
Tata Motors Passenger Vehicles will raise vehicle prices by up to 25,000 from September 1 across its portfolio, including petrol, diesel and electric models, to partly offset higher input costs and inflation.
TV ad volumes drop again in January-July amid big digital shift
Television advertising volumes fell 7% in January-July 2026 from a year earlier, extending the decline in TV advertising as brands increasingly shift budgets towards digital platforms, according to TAM AdEx. The decline follows a 9% fall in TV ad volumes during the same period in 2025. Linear TV ad revenue had also dropped 10.3% in 2025, according to a Ficci-EY report.
For self-employed individuals in India, handling tax compliance and maintaining financial records can be complicated. Presumptive taxation offers a simpler alternative for eligible small businesses and professionals.
Can your 4.5 crore corpus generate 4 lakh a month? Decoding the retirement math
Investing the corpus in a mutual fund and setting up a systematic withdrawal plan (SWP) reduces the tax burden and creates a steady income.
India buys its most expensive LNG in years as war upends market
Indian energy companies are paying more than $23 per mmbtu for September LNG cargoes, among the highest prices for imports since 2022, as the Iran war disrupts global supplies. GAIL India and Gujarat State Petroleum Corp. have bought cargoes at these levels, while Bharat Petroleum has also purchased LNG from the spot market.
A Haryana man, whose declared income was 1.79 lakh, faces an income addition of 11.22 crore. A tax tribunal offers a final chance to contest this by planting 500 trees or paying the cost within a month.
NHAI, National Road Safety Board deliberate on strengthening road safety on National Highways
The NHAI and National Road Safety Board on Friday reviewed measures to strengthen road safety governance and improve safety standards on National Highways. Discussions covered engineering, operations, audits, black spot management and emergency response, with both institutions focusing on adopting a safe system approach and strengthening monitoring, accountability and digital safety systems.
SBI acquires commercial property in Punes Kharadi for Rs 414 crore
The State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leasehold rights and a commercial structure situated in Kharadi, a bustling business district.
Shriram Wealth plans to expand into Rs 10 lakh-Rs 2 crore client segment: CEO Vikas Satija
Shriram Wealth aims to target new clients with investable assets from ten lakh rupees. The company will utilize the Shriram Group's extensive branch network for expansion. Artificial intelligence-based solutions are planned for introduction within the next six months. This move follows a joint venture with South African firm Sanlam in June 2025. Shriram Wealth also plans to establish fifty centers across India.
AMFI has launched five initiatives to deepen mutual fund participation, focusing on investor education, women, smaller cities, first-time investors and underserved communities. Partnerships with NISM, Sa-Dhan and Pinkathon aim to expand awareness, strengthen distributor ethics and encourage informed, responsible investing nationwide.
MVN reports 120 cr in sales in first 20 days of August, citing strong demand on Dwarka Expressway
Following a strong July, MVNs rapid August performance reflects growing demand for unique, luxury residences among families across Delhi-NCR.
New indigenously designed mobile phones with Indian IP rights will launch in 10-14 months. The government will strictly screen brands, preventing copycats from benefiting. Companies must prove ownership of design intellectual property rights for scheme eligibility. The Mobile Phone Manufacturing Scheme aims to boost domestic brands and production. This initiative seeks to establish technological sovereignty and capture greater economic value.
Axis Bank will revise several credit card rules from August 28, including higher DCC charges, a new late fee slab, changes to payment settlement and restrictions on reward points.
Naturally Yours founder Vinod C. stresses the importance of paying oneself a modest salary while building a startup. He argues that financial self-punishment is unsustainable and encourages founders to manage personal expenses realistically to avoid burnout and maintain long-term commitment.
Bengaluru airport passenger fee cut by 45%: Domestic flyers to pay Rs 300 from September 1
Bengaluru airport's passenger fee will fall 45% to Rs 300 for departing domestic flyers from September 1, under a new tariff order by AERA. The regulator has also cut the international fee to Rs 997 and adopted an incremental revenue framework, linking recovery of major infrastructure costs to project completion.
Karnataka has launched KEO, an AI-ready computing platform developed within the state, with an aim to bring advanced technology to students and small businesses. The platform features on-device artificial intelligence, reducing reliance on internet connectivity. Thousands of KEO devices will be deployed across schools and institutions.
Here is how the top public sector banks stack up for a 5 lakh investment based on current interest rates and quarterly compounding.
Govt to invest Rs 28,840 crore in UDAN scheme over next 10 years: Union Minister Ram Mohan Naidu
The Centre will spend around Rs 28,840 crore over the next 10 years to expand the UDAN regional connectivity scheme and strengthen air connectivity across India, Civil Aviation Minister Ram Mohan Naidu said.
JioStar Vice Chairman Uday Shankar said crickets long-term success depends on broader media economics, beyond stadium attendance, as traditional media faces pressure from changing advertising models. Speaking at the ET World Leaders Forum, he also discussed the IPLs relevance, womens cricket, digital accessibility, AI-led content innovation and the evolving media business model.
The Maharashtra FDA has suspended the licences of Radio Club, Khar Gymkhana and 11 other food establishments for violating hygiene norms, as part of inspections across the state.
Robert Kiyosaki emphasises the high cost of financial ignorance, advocating for the pursuit of knowledge over merely focusing on the costs of education. After attending expensive educational programmes, he reflects on the value of ongoing learning to make better financial decisions.
Woman loses Rs 4 lakh to online banking fraud
India aims 30 GW polysilicon manufacturing capacity by 2030: MNRE Secretary
India plans to add thirty gigawatts of polysilicon manufacturing capacity by twenty thirty. This ambitious goal aims to attract an investment of twenty-five thousand crore rupees. A dedicated government scheme will support this crucial solar component manufacturing. Vanadium Redox Flow Batteries are also being explored as a viable energy storage alternative.
The human advantage behind Hurons growth in India
Huron has seen remarkable growth in its India team since 2020, surpassing 4,100 professionals. This advancement signals a deliberate transition toward a global capability center and a hub for innovation. The firms presence in India is transforming into a key contributor to client revenue and value creation, spread across five cities with ambitions for further growth by 2026.
MINISO enters quick commerce with 90+ products on Instamart, including Harry Potter, Hello Kitty
With the launch of its quick commerce initiative in India alongside Swiggy Instamart, MINISO introduces over ninety lifestyle items, featuring well-loved franchise merchandise. This partnership enhances Instamart's inventory, providing more than just essential goods. MINISO is focused on reaching a diverse customer base with expedited digital delivery services and has plans to broaden its product selection and geographic reach in the upcoming months.
Employee switched job and got Rs 30 lakh salary on which TDS was deducted, forgot to file ITR, Tax dept sent notice and imposed Rs 3.74 lakh penalty, he fights and wins case in ITAT Delhi
Mobile phone makers with turnover of Rs 10,000 cr in FY26 eligible for MPMS: Govt
The governments Rs 62,500-crore Mobile Phone Manufacturing Scheme (MPMS) will cover mobile phone makers and electronics manufacturing services firms meeting specified turnover and Indian ownership criteria.
JBM Auto responds to Bain EV investment report, says no material disclosure required
JBM Auto on Friday clarified that a report on Bain Capital's proposed investment in its electric vehicle business relates to subsidiary JBM Electric Vehicles. The company told stock exchanges that there was no material information requiring disclosure under Regulation 30 of SEBI's listing regulations as of now.
What are Firebase scams? Why India asked Google to take down fake banking sites
India is cracking down on scams abusing Google's Firebase to host fake banking sites and malware. I4C ordered at least 57 Firebase websites and databases taken down in August after they were used to steal credit card details, OTPs and other data from victims phones.
Zydus Lifesciences gets USFDA nod for generic ascorbic acid injection
Zydus Lifesciences secured final USFDA approval for its generic ascorbic acid injection. This approval is for the treatment of scurvy in specific patient groups. The company's product is the generic equivalent of the Ascor injection. The USFDA designated this application as a Competitive Generic Therapy. Zydus will market the product in the United States market.
