Page 35 - Sohini Das

Indian pharma exports to Iran decline thanks to its lower rupee reserves

Indian pharma exports to Iran have declined from $205.1 million in FY20 to $59.14 million in FY23. Iran's rupee reserves have depleted as India ceased oil imports from the country in mid-2019

Suven Pharma gets a new board as Advent International completes stake buy

Advent had announced the acquisition of a significant stake in Suven Pharma in December of the previous year from the Jasti family

Crop burning emissions rose 75% from 2011-2020, finds IISER study

The study pinpointed Punjab as the highest emitter, with 27 per cent of its cultivated area burned in 2020, followed closely by Madhya Pradesh during the same period

Apollo joins look-East bandwagon for acquisitions, secures Kolkata facility

Acquires Future Oncology Hospital for Rs 102 crore; aims for 2,500 beds in the region

Cipla to deliver essential medicines through drones in Himachal Pradesh

Company aims to scale drone operations in Uttarakhand and NE India

Strides Pharma to spin off CDMO, gelatin business into separate entity

OneSource is created by merging Strides' soft-gel business and SteriScience CDMO injectables business into current Stelis

Bharat Biotech plans to invest Rs 3,000-4,000 crore in post-Covid shift

Not thinking about an IPO as of now, says chairman

We have one of the best TB vaccines in the world: Bharat Bio's Krishna Ella

'We are working on the TB vaccine as the Prime Minister's view is also to eradicate TB from the country'

Glenmark Pharma to sell 75% stake in GLS to Nirma for Rs 5,651 crore

Deal size estimated to be Rs 5,651 crore, valuing API arm at Rs 7,535 crore

Manipal acquires majority stake in AMRI Hospitals for Rs 2,300 cr

Manipal Group plans to add more beds over the next 18-36 months through the inorganic route, taking its bed count to 12,000 beds across India

Centre, ICMR in talks with Serum Institute of India over Nipah antibody

India may not immediately import Australian drug

Diesel vehicles will not yet be out totally: Siam president Vinod Aggarwal

Lots of discussions happen between industry and the Ministry of Petroleum and Natural Gas. For example, now discussions are happening on ethanol blending; and on LNG availability, says Aggarwal

Jeep likely to drive in petrol options for its entire Indian portfolio

India is the only country outside North America where Jeep makes four models locally, and also exports to other right-hand-drive markets around the world

Mercedes Benz to bring 3-4 electric vehicles into India in 12-18 months

Iyer said, "We have ethanol-friendly petrol engines, which are E-20 compliant; we have state-of-the-art diesel engines that are clean, and we have electric."

Tata Motors to open exclusive electric vehicle sales network under Tata.ev

Launches facelift Nexon EV and Nexon ICE at competitive pricing

Indian auto electronics market estimated to touch $70 billion by 2032

Safety controls have the highest demand in the country, accounting for 49% of total demand in 2022 followed by power electronics at 32%

Autocomp R&D spend less than 1% of current turnover: Sunjay Kapur

Sunjay Kapur talks about how more needs to be done in research, but investments also need a large market size

$5 bn opportunity for auto parts industry in material circularity: Report

Business practice could increase companies' top line by 10-20 per cent, it says

Ather Energy expects to turn unit-level profitable in next 2 quarters

Phokela concluded that with an annual production capacity of 420,000 units, Ather does not foresee the need for additional manufacturing capacity for the next 18 months

Export of auto parts must hit $100 bn by 2030: SCALE chairman Pawan Goenka

Speaking to Sohini Das, Goenka said that start-ups are playing a huge role in electric vehicle transition