Tag: business news

Wegovy-maker Novo Nordisk raises outlook as sales of its weight-loss drug soar

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A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023.  Jim Vondruska | Reuters Novo Nordisk, which makes the weight-loss drug Wegovy, raised its outlook for 2023 Thursday, as it reported soaring sales. The Danish pharmaceutical company reported a 30% increase…

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Health

Star Health: At 79, Star Health’s founder set to launch another insurer – Times of India

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MUMBAI: Insurance veteran V Jagannathan, known for building Star Health Insurance from scratch in 2006, after retiring as CEO of a public sector insurer, is planning an encore. The feisty 79-year-old has drawn up plans to launch yet another health insurance company. The move to set up another company comes months after Jagannathan abruptly quit…

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Business

Kenvue CEO says consumers are spending on brand-name health products even as they pull back in other areas

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Thibaut Mongon, CEO of Kenvue Inc. a Johnson & Johnson’s consumer-health business, speaks during an interview to celebrate its IPO at the New York Stock Exchange (NYSE), May 4, 2023. Brendan Mcdermid | Reuters Most consumers have pulled back on spending as inflation squeezes their wallets, but they have not stopped paying up for brand-name…

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Health

HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place – Times of India

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NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more…

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Business

Government to hire agency to estimate size of digital economy – Times of India

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NEW DELHI: The government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document.The selected agency will be roped in for a period of nine months for the assignment.The agency will need to submit…

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Business

Medicare will pay for Alzheimer’s drug Leqembi. What patients and doctors should know

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The Alzheimer’s drug Leqembi is seen in this undated handout image obtained by Reuters on January 20, 2023. Eisai | via Reuters Medicare has agreed to pay for the Alzheimer’s treatment Leqembi, a major turning point for patients who are diagnosed with the early stages of the disease. Leqembi is the only drug on the…

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Health