CATEGORIES

Indian pharma firms trail global peers in R&D: Report

The largest disparity was observed in the number of publications per billion USD revenue, with global firms producing 8.4 times more publications than Indian firms, the report noted.

Grant-in-aid, tax devolution from Centre to States will moderate at 4.5%: NSE

This drop in grants, which are a crucial part of non-tax revenues for many states, could place financial pressure on those heavily dependent on central support.

India's bioeconomy valued at $150 bn: BIRAC MD

India's biotechnology sector is witnessing remarkable growth, with the country's bioeconomy now valued at USD 150 billion but there is still significant untapped potential in innovation and product development, which could further elevate India's global standing in the sector, Dr Jitendra Kumar, Managing Director of the government's Biotechnology Industry Research Assistance Council (BIRAC), said.

SaaS startup Simplismart raises $7 Mn in series a funding

Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart offers an AI-based no-code machine learning platform that allows users to train custom machine learning models using their data, powering applications and decisions without writing code.

China's economic woes hit delivery workers hard, paychecks shrink by 1,000 Yuan

The USD 200 billion Chinese food delivery industry, once a thriving sector that expanded during the Covid-19 pandemic, is now facing a downturn, according to a report by CNN.

Mid- and small-cap mutual funds attract Rs 30,350 cr in H1 FY25

In comparison, the cumulative inflow into mid-cap and small-cap funds stood at Rs 32,924 crore during the same period last year, according to data from the Association of Mutual Funds in India (Amfi).

SEBI, exchanges, depositories and industry leaders unite to elevate financial literacy

The inaugural AarthageniX Expo 2024, held at the Bombay Exhibition Center (NESCO) on October 18, marked a milestone in financial education, bringing together top industry leaders, regulatory bodies, and financial innovators to advance financial literacy in India.

Accord Secures Positive CHMP Opinion for Imuldosa® Biosimilar

Accord Healthcare Limited (Accord) announces that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion, recommending marketing authorisation for Imuldosa® (development code: DMB-3115), a biosimilar of Stelara® (ustekinumab), marketed by Janssen Biotech Inc., a subsidiary of Johnson & Johnson.

INDIA'S SERVICES EXPORTS RISE 9.8 PC TO USD 180 BILLION IN FYTD25: BANK OF BARODA REPORT

This improvement was driven by a significant drop in gold imports, which corrected sharply to USD 4.4 billion from USD 10.1 billion in the previous month.

Jindal (India) Limited emerges as a dominant player in colour coated steel sheets in West Bengal; Contributes 30% to Overall Coated Steel Business

Jindal (India) Limited, part of prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, has emerged as a major player in coated steel products in West Bengal.

NeGD launches 'Ask Our Experts' series

The National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), launched the first episode of its new live interactive series, 'Ask Our Experts,' on October 18.

Odisha's vision for industrial growth shines at Mumbai

Odisha's plans for industrial growth and investment took center stage during a roadshow in Mumbai, the second stop of its global investment initiative following a successful event in Delhi.

Luxury home sales surge 37.8 pc, Delhi-NCR, Mumbai emerge as top markets: Report

The luxury housing market in India experienced a significant boom during the first nine months of 2024 with sales of high-end residential units (priced at Rs 4 crore and above) soaring by 37.8 per cent year-on-year, according to a CBRE report.

Punjab's capital expenditure lowest in FY25 at 6.2 pc

In FY25, Punjab is set to experience financial challenges as its capital-to-revenue expenditure ratio is the lowest among all states, standing at just 6.2 per cent, highlighted a research report by the National Stock Exchange (NSE).

Indian pharma firms trail global peers in R&D, innovation, and talent metric

American multinational pharmaceutical company Eli Lilly ranked first overall for R&D intensity and third for the proportion of PhD employees, the report said. Among Indian firms, Dr. Reddy's Laboratories ranked first in both R&D intensity (10.3 per cent) and the proportion of PhD employees (0.97 per cent). Bengaluru-based Biocon ranked first among Indian firms for publications per billion USD revenue and third overall. Sun Pharmaceuticals ranked first among Indian firms for patents by revenue and third overall, with 636 patents per billion USD of revenue, surpassing many global and Indian firms, according to the report.

OVER 20 FLIGHTS RECEIVE BOMB THREATS ON SUNDAY

Six flights each of IndiGo, Vistara and Air India received the threats.

Annual agricultural production target set at 341.55 million tons: Shivraj Singh

Union Agriculture Minister Shivraj Singh Chauhan stated that the annual agricultural production target for the country has been set at 341.55 million tons.

TAP WATER CONNECTION FOR RURAL HOUSEHOLDS SURGED BY FIVE TIMES IN 5 YEARS

Tap water connections for rural households in India have increased fivefold over the last five years, according to a report by SBI. The report attributes this remarkable progress to the Jal Jeevan Mission (JJM), launched on August 15, 2019, with the aim of providing tap water to every rural household by 2024.

8th Pay Commission: Minimum Salary Likely to Double

The anticipation surrounding the 8th Pay Commission continues to grow, especially after the recent dearness allowance (DA) hike for central government employees and pensioners.

FPI selling eases this week, but Oct marks highest monthly sell-off

Foreign investors continued selling Indian equities this week, though at a slower pace compared to the previous week, according to data from the National Securities Depository Limited (NSDL). Between October 14 and October 18, Foreign Portfolio Investors (FPIs) sold Indian equities worth Rs19,065.79 crore. This marks a significant reduction from the previous week, when FPIs offloaded equities worth Rs31,568.03 crore.

Continued selling by FPIs negatively impacted oil, gas and auto sectors

The continued selling by FPIs may affect market sentiment and create further volatility in these key sectors. October has recorded the highest FPI outflows in recent history.

Grant-in-aid to States moderates at 4.5% from 15.3 pc last fiscal: NSE

State governments across India are expected to face tighter finances in FY25, as grants-in-aid from the Centre are projected to decline by 6.3 per cent, highlighted a report by NSE.

Vedanta announces investments of Rs 1 lakh crore

Vedanta Limited has announced a new investment of Rs. 1 lakh crore to set up an alumina refinery and an aluminium plant in Odisha.

Launch of pilot projects under National Green Hydrogen Mission

As part of National Green Hydrogen Mission, the Union Government has sanctioned three pilot projects for use of Hydrogen in steel production. Earlier the Ministry of New and Renewable Energy had issued guidelines for Implementation of Pilot projects in Steel Sector under this Mission.

ADANI DONATES RS 100 CR TO TELANGANA

Adani Group through its CSR arm Adani Foundation has handed over a donation cheque of Rs 100 crore to Telangana for its Young India Skills University, Telangana CMO said in a post on social media platform X on Friday.

Kaushalya Logistics starts operations at Amritsar depot

Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement players, has announced that operations at its depot in Amritsar, Punjab, have started on October 18, 2024.

Kotak Mahindra Bank's Q2 FY25 profit soars 13 pc to Rs 5,044 crore

Kotak Mahindra Bank announced its financial results for the second quarter of the fiscal year 2024-25, showcasing a consolidated profit after tax (PAT) of Rs5,044 crore, a significant 13 per cent year-on-year (YoY) increase from Rs4,461 crore in the same period last year.

AI DOMINATES INDIA MOBILE CONGRESS 2024

Artificial Intelligence (AI) stood out as a key flavour of the season at India Mobile Congress 2024, as a diverse spectrum of tech and telecom companies, including startups and educational institutes, showcased over 900 technology use case scenarios, including 750 AI-based use cases during the 4-day forum in New Delhi.

Rouse Avenue Court grants bail to Satyendar Jain

Delhi's Rouse Avenue Court granted bail on Friday to Aam Aadmi Party (AAP) leader and former Delhi cabinet minister Satyendar Jain in a money laundering case.

FROM BLINDFOLDED SYMBOL TO A NEW ERA OF LEGAL IDENTITY

The statue of a blindfolded woman, known as Lady Justice, has long been a powerful symbol in our collective consciousness, representing the ideal that the law is impartial.