Good morning!
Listed here are the highest tales to start out your day.
⭐India’s GDP development above estimate
The Indian financial system expanded 6.1% YoY within the final quarter of FY23, increased than the market forecast of 5% and nicely above the Q3 development price of 4.5%. The enlargement was primarily boosted by non-public consumption, companies exports and manufacturing amid easing enter value pressures.
⭐ Lupin will get USFDA approval
The pharma main obtained ultimate USFDA approval to fabricate and market new drug Obeticholic Acid Tablets within the US market. In response to IQVIA knowledge quoted by Lupin, these tablets have annual gross sales of $262 million in the US.
Global markets (at 8:15 AM at present)
| Indices | Right this moment’s motion |
| SGX Nifty | ▼ 0.3% |
| Nikkei 225 (Japan) | ▲ 0.2% |
| Hold Seng (Hong Kong) | ▲ 1.0% |
| SSE Composite (China) | ▲ 0.5% |
| Dow Jones (US) (Could 31) | ▼ 0.4% |
| NYSE (US) (Could 31) | ▼ 0.6% |
| Nasdaq (US) Could 31) | ▼ 0.6% |
| S&P 500 (US) (Could 30) | ▼ 0.6% |
Truth of the day
India’s infrastructure output slows to 6-month low of three.5% in April.
Supply: Financial Instances
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