Page 162 - Industry News

Jubilant Pharmova arm to invest $300 mn in US to double injectable capacity

The company has launched its new sterile fill and finish line -- the third at its Spokane manufacturing facility in Washington, US, set up at an investment of $132 million

Sanction-hit Nayara scrambles to sustain operations with support from India

Blocked from international markets by EU sanctions, the Russian-owned refinery has diverted more fuel to India and sought new export customers through various workarounds

Datanomics: Indians' leisure overseas travel saw sharp uptick in 2024

Among top 10 destinations for Indian travellers in 2024, Thailand led with 92.93 per cent visiting for leisure, followed by Singapore (47.34 per cent) and Canada (43.09 per cent)

India's digital stack a ray of hope for Global South: PM Narendra Modi

Modi said that the UK-India Fintech Corridor is expected to create opportunities for piloting and developing new startups

Govt unlikely to up Vi stake beyond 49%, says Jyotiraditya Scindia

The telecommunications sector, which currently accounts for 12-14 per cent of the country's gross domestic product (GDP), will grow to about 20 per cent over the next decade, the Union minister said

US sanctions 50 entities, including Indian firms, over Iran oil trade

The US Treasury has sanctioned over 50 individuals, companies, and vessels, including Indian firms, for facilitating Iranian oil and LPG exports to China, Pakistan, and other countries

PE investment in real estate down 32% in Jul-Sep to $1.5 bn: Report

Private equity investment into the Indian real estate sector fell 32 per cent during the July-September period to USD 1.5 billion, according to Savills India.

Festive demand, GST sops push truck rentals up 2% in September: Report

Shriram Mobility Bulletin says truck rentals rose nearly 2% across major routes in September as pre-festive trade, GST cuts, and strong demand lifted logistics activity

Consumer space hits four-year high with ₹21,200 crore in deals: Report

F&B and apparel sectors led deal activity, with private equity accounting for 99 per cent of total value in September, according to Equirus Capital's latest report

Upcoming railway line will help Central India's economy: Chhattisgarh CM

Chhattisgarh government officials estimate the railway line will save 46 million litres of diesel annually and reduce logistics cost by around Rs 514 crore

IATO urges government to strengthen global promotion of India tourism

Tour operators seek tourism attaches, global campaigns, and a unified Incredible India strategy to revive foreign tourist arrivals and attract new markets

Mohan Yadav blames Tamil Nadu for poor cooperation in cough syrup case

After 24 child deaths linked to toxic cough syrup, Madhya Pradesh CM Mohan Yadav accuses Tamil Nadu of not cooperating in the investigation into drug safety lapses

Bollywood glamour drives surge in beauty sales this Karwa Chauth

Beauty brands like Sugar, Renee, and Shoppers Stop see festive spikes as Bollywood's portrayal of Karwa Chauth inspires demand for red lipsticks and makeup

India among most technologically inclusive societies: Modi at Fintech Fest

Speaking at the Global Fintech Fest in Mumbai, Prime Minister Narendra Modi said India is witnessing around 20 billion transactions worth ₹25 lakh crore through UPI every month

App-based taxis, autos go on daylong strike for their demands in Mumbai

The union demands fare rationalisation, aligning rates with metered cabs, banning bike taxis, and capping permits for black-and-yellow taxis and auto rickshaws

Pfizer-Trump deal: What it means for drug prices and pharma giants in US

Pfizer has pledged to make some medicines available at lower prices for the Medicaid programme and in return gained relief from immediate import tariffs

Satcom rollout to begin after Trai finalises spectrum prices, says Scindia

There is growing public anticipation over the Satcom rollout in India, with prominent companies keenly eyeing the high-stakes game of broadband beamed from Indian skies

Panacea Biotec to supply bivalent oral polio vaccines worth ₹127 cr to CMSS

In a regulatory filing, Panacea Biotec said the CMSS has accepted the company's offer for supply of bivalent oral polio vaccine against the tender issued by it through a Letter of Acceptance

Floods, landslides devastate Darjeeling tea gardens, ₹50 cr loss feared

Tea bushes in many gardens have been washed away, while the loss of tea-bearing land has left permanent damage to several estates, planters said

Ratan Tata's death anniversary: His legacy continues to guide India Inc

More than a guiding force in business, Ratan Tata's ethical leadership, global ambition, and philanthropic values continue to shape Indian industry and inspire generations of entrepreneurs