CATEGORIES

Piramal Pharma targets $2 bn revenue by FY30

Pharmaceutical firm Piramal Pharma is eyeing to double its revenue to $2 billion by 2029-30, company Chairperson Nandini Piramal said on Wednesday.

"About 40% of our global R&D workforce is in India"

With a talent pool of 13,000, half skilled in artificial intelligence (AI) technologies, SAP Labs India is becoming a global AI hub for SAP's worldwide customers. Headquartered in Bengaluru, it specialises in custom and multi-agent AI technologies to drive business transformation. As SAP's second-largest research and development (R&D hub), it develops solutions that set new digital transformation standards for SAP's 450,000 customers. SINDHU GANGADHARAN, managing director and head of customer innovation services, in conversation with Peerzada Abrar in Bengaluru, emphasises India's strategic importance for SAP's growth and innovation. Edited excerpts:

Govt begins talks to finalise EU products for retaliatory tariffs

Consultations on with relevant departments and ministries

Govt eyes $100 bn FDI inflows annually

The government is looking at a target of $100 billion foreign direct investment (FDI) inflows per annum in the coming years, in line with India's thrust towards the \"Make in India\" programme, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said on Wednesday.

Out-of-pocket health spend fell to 39% in 2021-22

Household healthcare costs declined as government spending rose to 48%

Consensus eludes GoM on GST rate rejig

Over 100 items discussed at Goa meeting

Deploy DPIs to build skilling infra: Ficci-EY

A skilling passport, a centralised registry and work experiences of professionals across India are examples of digital public infrastructures (DPIs) the industry can leverage to create a robust skilling ecosystem, according to report released by Federation of Indian Chambers of Commerce & Industry (Ficci) in collaboration with Ernst & Young (EY).

Mumbai rains hit local train, flight services

Heavy rains lashed Mumbai and suburbs on Wednesday, inundating low-lying areas, disrupting local trains and affecting flight operations.

Banks turn to CD issuances in Sep amid deposit woes

Raise ₹5.4 trn compared to ₹3.2 trn in same period of last FY

OECD ups India's FY25 GDP forecast to 6.7%

ADB retains projection, expects faster growth in coming quarters

₹50,000 cr mega IPOs may make it cracker of a Diwali

Three of India's biggest initial offerings are in the offing

CNG car sales growth zooms past other PVs

PETROL CARS: LOSING TRACTION?

Organised gold loans may top ₹10 trn in FY25

It may hit ₹15 trn by Mar '27, says Icra

Shriram Finance raises $500 mn

Shriram Finance has raised $500 million from global investors through issuance of fixed rate, senior secured social USD notes at a coupon of 6.15 per cent.

Shipbuilding clusters to come up in five states: Sonowal

Ship-building and ship repair clusters will be established in five states including Gujarat, Andhra Pradesh and Maharashtra, Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal said on Wednesday.

Bank of India gets 2,500 cr via bonds

State-owned Bank of India on Wednesday raised ₹2,500 crore through Tier-II bonds at a coupon rate of 7.49 per cent, sources said.

Life insurers may discuss surrender value norms tomorrow

Compliance heads of life insurance companies are scheduled to meet the executives of Life Insurance Council on Friday and are likely to discuss the industry's readiness to implement the new surrender value norms supposed to take effect on October 1 this year, unless an extension is granted, said multiple sources aware of the development.

Modi lists out govt's pro-farmer policies at Haryana rally

Addressing a public meeting in Haryana's Gohana on Wednesday, Prime Minister (PM) Narendra Modi (pictured) highlighted the Centre's recent \"pro-farmer\" decisions of removing minimum export price on basmati, which he said would benefit paddy growers.

Over 56% turnout seen in 2nd phase of J&K elections

20 of 26 segments registered lower voter turnout than in the 2014 polls

Mumbai's first underground Metro gears up for partial launch in Oct

Mumbai's first-ever underground Metro is expected to begin operations in a phased manner starting in October, according to state agency officials. The ₹37,276 crore project is likely to become fully operational in 2025.

Peace on border must for progress in India, China ties: Jaishankar

The India-China relationship would influence the future of the entire world, External Affairs Minister S Jaishankar said while making it clear that peace needed to be restored on the border first for bilateral ties to move forward.

Secret Service lapses were preventable, finds Senate probe

Multiple Secret Service failures ahead of the July rally for former president Donald Trump where a gunman opened fire were “foreseeable, preventable, and directly related to the events resulting in the assassination attempt that day,” according to a bipartisan Senate investigation released on Wednesday.

China to give rare cash handouts to the poor

China said it will give one-off cash handouts to people in extreme poverty before Tuesday, in a rare announcement of direct aid just a day after unveiling a sweeping program to stimulate the world's second-largest economy.

Google revs up feud with Microsoft over Cloud tactics

Files complaint with European Commission

AI market will surge to nearly $1 trillion by 2027: Bain

The global market for AI-related products is ballooning and will hit as much as $990 billion in 2027, as the technology's quick adoption disrupts companies and economies, Bain & Co said.

Fab pact: A harbinger of good things ahead

In a significant milestone, the United States and India reached an agreement to establish a semiconductor plant in India that will cater to national security and defence.

Transforming the future of war

The biggest wars of the century gone by were won more by the side with greater industrial capability and technological excellence than those with larger populations or greater mineral wealth.

Labour market signals

India needs better-quality jobs

Green businesses

Indian firms still have a long way to go

Telcos can't opt out of new service regime: Trai chief

Says consultation paper on satellite spectrum to be out in next few days