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Nifty's Pharma index saw a decline after US President Trump announced a 100 percent tariff on branded drugs from October 1. Analysts noted India's limited exposure to patented drugs in the US market. Most Indian firms focus on generic medicines, which are not affected by the new tariff. Major Indian players also operate manufacturing facilities within the United States.
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The chancellor calls for an 'ambitious' deal as she looks to boost growth ahead of the 26 November Budget.
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Aurora has temporarily paused the approval of data center and warehouse proposals to give staff the chance to create new guidelines around these types of developments.
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