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Bloomberg Quint
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Glenmark Unit Signs Exclusive Licensing Pact With AbbVie For Cancer Drug
- Glenmark Pharmaceuticals' unit has signed an exclusive licensing pact with AbbVie to globally manufacture ISB 2001, a cancer drug used in cancer treatment.
- Under the agreement, IGI Therapeutics SA, linked to Glenmark's innovation arm, will collaborate with AbbVie to develop, manufacture, and commercialize ISB 2001 in various regions.
- ISB 2001, a trispecific T-cell engager developed using IGI's BEAT protein platform, targets difficult-to-treat cancers and offers a treatment option for patients.
- The partnership aims to provide complementary access pathways for ISB 2001, leveraging AbbVie's reach in major markets and Glenmark's commercial strength in emerging markets to expand access to innovative cancer treatments.
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Guardian
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Brazil draws up plans to retaliate against Trump’s 50% tariff threat
- Brazil is preparing to retaliate against US tariffs imposed on its exports, escalating the trade war between the two countries.
- President Trump threatened a 50% tariff on Brazilian goods, accusing the country of conducting a 'witch-hunt' against its former president, Bolsonaro.
- Brazil's current president, Lula, stated that Brazil is a sovereign nation and will not accept tutelage. Plans are being made to address the US tariff hikes.
- Trump has warned of further retaliation if Brazil responds to the tariffs, with the tariffs set to be implemented on August 1. Other countries are also facing proposed US levies.
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Baystreet
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TSX Flat on Trade Suspense
- Canada's main stock index, TSX, opened flat on Thursday as gains in mining and technology shares were offset by losses in energy shares, with investors watching U.S. tariff threats and trade talks progress.
- Bain Capital, the private equity backer of Canada Goose, is considering selling its stake in the luxury brand, leading to a 4.3% increase in Canada Goose shares.
- Canada seeks to finalize a free trade deal with Southeast Asian nations to expand into new markets amidst escalating trade tensions with the U.S., with potential counter-duties on U.S. exports if no agreement is reached by July 21.
- On Wall Street, markets started on an upward trend despite trade uncertainty and the announcement of new U.S. tariffs on imported copper and Brazil, with the Dow Jones rising 147.5 points, S&P 500 up 0.95 points, and NASDAQ dipping 65.38 points.
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Baystreet
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22
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Dow Climbs Despite Trade Tension
- Despite trade tensions, markets opened higher on Thursday, with the Dow Jones Industrials rising 147.5 points to 44,605.80.
- President Trump announced new tariffs on Brazil, including a 50% levy on imported copper, citing unfair trade relationships.
- Brazil plans to respond to the tariffs following its economic reciprocity law, while Trump has also imposed new import rates on other countries.
- Additionally, treasury yields rose to 4.37%, oil prices fell to $67.17 U.S. a barrel, and gold prices increased to $3,323.90 U.S. an ounce.
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HinduBusinessLine
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92
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Perplexity’s new AI-powered web browser may signal shift from traditional search bar
- The internet is evolving to structure itself around AI, moving away from traditional search bars towards conversational interfaces that offer context-aware answers.
- Perplexity's Comet and OpenAI's rumored browser are considered as AI-native gateways to information, designed to provide a more fluid and interactive browsing experience.
- AI-powered search is expected to transform research and personalization, challenging traditional paradigms like SEM and SEO, ultimately leading to new ways of content interaction for Enterprises and Customers.
- While some view Perplexity's Comet as an experimental move, emphasizing its potential impact and uncertainty, others see it as an early example of an Agent-led interface that could alter dynamics for vendors in terms of search visibility.
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HinduBusinessLine
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286
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Sanjiv Bhasin appeals to SAT against SEBI in front-running case
- Sanjiv Bhasin appeals to the Securities Appellate Tribunal (SAT) against SEBI in a front-running case where SEBI alleged he manipulated stock prices by buying shares before recommending them on media channels and selling for profit.
- SEBI had directed Bhasin and 11 others to impound illegal gains of ₹11.37 crore and prohibited them from dealing in securities until further notice.
- Bhasin denied all allegations, stating he did not benefit monetarily from the trades, and called SEBI's computation of unlawful gains 'erroneous'.
- The SAT has adjourned the hearing to July 21, with Bhasin's cousin also seeking relief in the matter. The investigation followed complaints of stock manipulation between January 2020 and June 2024.
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HinduBusinessLine
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393
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RBI to hold ₹2.5 lakh crore 7-day VRRR auction on Friday
- RBI will hold a ₹2.5 lakh crore 7-day VRRR auction on Friday, with the reversal date set for July 18.
- The decision for the VRRR auction was made after reviewing the current liquidity conditions.
- The RBI decided not to conduct the 14-day main operation on July 11, 2025, for the upcoming fortnight.
- In a recent VRRR auction, RBI accepted bids worth ₹97,315 crore at a cut-off rate of 5.49%.
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HinduBusinessLine
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190
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Vedanta dismisses Viceroy Research report as containing no new findings
- Vedanta CEO dismissed Viceroy Research report at AGM, stating it contained no new findings and only compiled partial, publicly available information.
- The report released by Viceroy Research a day before the AGM claimed Vedanta's group structure was 'financially unsustainable' and posed a 'material risk' to its creditors.
- Vedanta has been actively reducing debt over the past three years and plans to invest ₹50,000 crore in the next 3–4 years with projects targeting an internal rate of return of 18%.
- Chairman Anil Agarwal outlined Vedanta's 3D strategy of Demerger, Diversification, and Deleveraging to enable the company to double in size and unlock maximum value for stakeholders.
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HinduBusinessLine
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292
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Bihar SIR: ECI to ‘consider’ Aadhaar, EPIC, ration card for voter registration
- ECI considering Aadhaar, EPIC, and ration card for voter registration verification.
- Court allows Bihar SIR to continue, listing case for hearing in July.
- Controversy over ECI excluding Aadhaar as proof of citizenship in voter registration.
- Petitioners express concerns over citizenship screening and tight deadlines for SIR.
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HinduBusinessLine
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393
Image Credit: HinduBusinessLine
Storage in India’s key reservoirs tops 50% of capacity
- Storage in India's major reservoirs has reached 51.80% of capacity, significantly higher than last year and normal levels.
- Monsoon in India is 14% surplus, with central and north-west regions experiencing significant rainfall surpluses.
- Southern reservoirs have seen a level increase to over 60%, with Tamil Nadu leading at 92.69%, and regions such as Karnataka and Kerala also showing substantial water storage.
- Overall, reservoir levels in different regions across India have shown improvements, with forecasts indicating continued rainfall in the north, potentially boosting agricultural prospects.
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Medium
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115
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How Early-Stage Startups Can Start Selling Without a Sales Team.
- Early-stage startups can overcome the challenge of selling without a dedicated sales team by focusing on product design and customer-centric strategies.
- Basecamp, a successful project management tool, grew to millions of users without employing traditional salespeople by offering a solution that solved their own workflow issues.
- In today's digital landscape, being discoverable online is crucial with over 80% of customers researching before making a purchase decision. Providing easy access to information and a seamless sign-up experience can increase conversion potential.
- Key strategies for startups include offering personalized experiences, providing full functional free trials, leveraging user feedback for product improvement, and focusing on building trust and value for sustainable growth.
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HinduBusinessLine
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124
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Centre allocates 5.2 mt of rice for ethanol production in 2025-26
- The Indian government has allocated 5.2 million tonnes of rice for ethanol production in the ethanol supply year 2025-26.
- The fixed rate for rice allocated for ethanol production has been increased to ₹2,320 per quintal from the previous ₹2,250.
- A new category for broken rice has been introduced under the Rice Milling Transformation scheme mainly for distilleries, with a reserve price of ₹2,320 per quintal from November 1.
- The sale price of rice for central cooperative agencies has been fixed at ₹2,480 per quintal until June 30, 2026, while the subsidy for 'Bharat' brand rice has been discontinued. The quantity of rice sale to State governments and agencies has been reduced for the following year.
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HinduBusinessLine
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106
Image Credit: HinduBusinessLine
India revises proposed retaliatory duties against US over steel, aluminium tariffs at WTO
- India has revised its proposed retaliatory duties against the US at the WTO, reserving the right to impose tariffs that could amount to $3.82 billion, up from the earlier $1.91 billion.
- New Delhi argues that US tariffs on steel and aluminium under the guise of national security are safeguard measures violating WTO rules, affecting $7.6 billion worth of India's exports to the US.
- In response to increased US tariffs from 25% to 50%, India has mentioned adjusting products and tariff rates at the WTO. India had previously imposed retaliatory tariffs on US items in 2019, which were partially rolled back in 2023.
- While India has proposed retaliation, it is currently focusing on bilateral trade negotiations with the US and is hopeful of resolving tariff issues through talks. The decision on imposing the revised retaliatory duties is pending.
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Bloomberg Quint
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243
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Alter Work Hours: Railways Plea To Offices To Ease Mumbai Local Overcrowding
- Central Railway has requested approximately 800 government and private offices in Mumbai to alter their work timings to reduce overcrowding in Mumbai locals during peak hours.
- Around 3.5 million passengers travel on 1,810 local trains daily, leading to incessant crowding during peak hours, which poses a safety hazard to commuters.
- Between January and May 2025, Mumbai local train accidents claimed the lives of 922 people, with 210 fatalities caused due to overcrowding and people falling from crowded trains.
- The initiative aims at improving passenger safety and efficiency in Mumbai's transportation system, with 46 small offices already supporting the proposal and larger institutions expected to join for a more significant impact.
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Forbes
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98
Image Credit: Forbes
Glossary of Higher Education Terms
- Explore a glossary of higher education terms and definitions from Forbes Advisor.
- Learn about accreditation, Common App, FAFSA, GMAT, GRE, in-state tuition, and more.
- Understand concepts like asynchronous learning, hybrid programs, practicum, and transfer credits.
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