India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Seoul: South Korea's exports of bio-health products jumped 22.5 per cent in the third quarter from a year earlier, data showed on Friday, driven by growing demand for pharmaceutical goods in European nations. According to the Korea Health Industry Development Institute, outbound shipments of bio-health products, including pharmaceutical goods and cosmetics, amounted to $6.34 billion in the July-September period, compared with $5.17 billion recorded over the same period in 2023, Yonhap news agency. By sector, exports of pharmaceutical products jumped 43.5 per cent on-year to $2.38 billion, led by increased shipments to Hungary, Germany, and Belgium. Outbound shipments of cosmetics products also advanced 19.2 per cent to $2.58 billion, due to higher consumption of basic skincare products in the United States and Japan. Exports of medical instruments rose 1.8 per cent on-year to $1.37 billion, bolstered by laser equipment, the data showed. Over the January-September period, South Korea's bio-health exports reached $18.5 billion, up 15.6 per cent from the previous year. "In the fourth quarter, exports of bio-health goods will continue to rise, supported by continued growth in demand for pharmaceuticals and basic cosmetics," an official from the institute said. Meanwhile, South Korean Minister of Trade, Industry, and Energy Ahn Duk-geun in October vowed to foster the bio-industry as a new growth engine for the country's exports by offering trade financing and other tailored support, Yonhap reported. "South Korea's bio-industry experienced a slight setback following the end of the Covid-19 pandemic, but the sector is on track to post record exports this year at $15 billion," Ahn was quoted as saying. South Korea's combined outbound shipments of bio-related products, including medical instruments, totaled $11.2 billion through September this year. "Amid the escalating global competition, South Korean bio companies have been securing permits for biosimilar production, as well as contract manufacturing organization agreements," the minister added. Ahn said the government will proactively support the industry to make bioproducts a new export engine comparable to semiconductors, including offering trade finance worth 1 trillion won ($725 million) in the fourth quarter.
Heart transplant patients in the United States typically spend months waiting for a donated organ. But Kayoko Hira was not a typical patient. Mrs. Hira, the wife of a hotel magnate in Japan, flew to the United States in September 2021, went to the University of Chicago Medical Center and, within days, got a new heart from an American teenager who had died. Soon after, The New York Times found, a charity run by her husband made a donation to a nonprofit group led by the heart surgeon's wife. It ...Read More >
Chandigarh, March 30 (UNI) Haryana Chief Minister Nayab Singh Saini has issued a stern directive to the state health department to implement a real-time centralised drug inventory system across all government hospitals. During a comprehensive review meeting of health services at the Secretariat on Monday, the Chief Minister emphasised that digital transparency regarding medicine availability is non-negotiable. Under the new system, physicians will be kept informed about the specific stocks available within the facility to eliminate the practice of prescribing medicines from private pharmacies ...Read More >
Sanand (Gujarat) [India], March 31 (ANI): Union Minister Ashwini Vaishnaw called the inauguration of a second semiconductor plant in Sanand, Gujarat, as a "day of pride" for the country. Prime Minister Narendra Modi inaugurated the Kaynes Technology semiconductor facility in Sanand on Tuesday. Also Read | Leander Paes, Indian Tennis Great, Joins BJP Ahead of West Bengal Assembly Elections 2026, Says 'Big Opportunity To Serve Youth' (Watch Videos). "Today is a day of pride for India. Today, the second semiconductor plant has been inaugurated here in Sanand. Last month, on February 28, the fi ...Read More >
New Delhi, Aug 3 (PTI) India's semiconductor market is expected to more than double to grow in the range of USD 100-110 billion by 2030 according to industry estimates, an official statement said on Sunday. The Indian semiconductor market was about USD 45-50 billion in 2024-2025 against USD 38 billion in 2023, the statement said, citing industry estimates. "As per industry estimates, the size of the Indian semiconductor market was about USD 38 billion in 2023, USD 45-50 billion in 2024-2025 and is expected to reach USD 100-110 billion by 2030," the statement said. A detailed statement highl ...Read More >
The CM said while addressing the foundation day ceremony of the Dr Ram Manohar Lohia Institute of Medical Sciences at Indira Gandhi Pratishthan CHIEF MINISTER Yogi Adityanath said on Saturday that "life is defined by three states -- tendency, distortion and culture." "Staying unchanged is tendency, continuous decline is distortion and decisions taken in the larger public and national interest embody culture," Adityanath said while addressing the foundation day ceremony of the Dr Ram Manohar Lohi ...Read More >
The government has reopened the application period for the Production Linked Incentive (PLI) scheme for white goods, covering air conditioners and LED lights, until November 10. The move comes after a strong response from the industry and rising investment interest under the programme. Originally, the fourth round of applications was open from September 15 to October 14. The reopening gives manufacturers additional time to participate and benefit from incentives designed to boost domestic produc ...Read More >
Odisha aims to become a leading pharmaceutical and medical device investment hub, as highlighted at the Odisha Pharma Summit 2025. "Odisha will be a leading destination for pharmaceutical and medical‑device investments - the most competitive hub for innovation and jobs. Yahi samay hai," said Chief Minister Mohan Charan Majhi while addressing the Odisha Pharma Summit 2025, the State's first dedicated summit focused on pharmaceuticals, medical devices, and life sciences manufacturing. The summi ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi will lead a high-level investors' roadshow in Hyderabad on December 19 as part of the state government's push to attract fresh investments and position Odisha as a preferred industrial destination. The roadshow, to be held over two days, will focus on promoting investment opportunities in key sectors including automotive components, IT and electronics system design and manufacturing (ESDM), chemicals, green energy, pharmaceuticals and medical devices. Industries Minister Sampad Chandra Swain and senior state officials will accompany the Ch ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
Sanand, March 31: Prime Minister Narendra Modi on Tuesday said global crises in recent years have led to disruptions in supply chains, emphasising the need for secure and resilient systems in critical sectors such as semiconductors, energy and minerals. Addressing the gathering after Kaynes Semicon's OSAT facility inauguration in Sanand, the Prime Minister said the 21st century has brought multiple challenges, including the pandemic and ongoing conflicts, which have impacted the flow of goods and raw materials worldwide. "Whether it is chips, rare earth minerals or energy, all have been affec ...Read More >
Mumbai: Dr Reddy's Laboratories has entered into a collaboration with Reykjavik, Ireland-based biotech company Alvotech to co-develop, manufacture and commercialise a biosimilar version of blockbuster cancer drug Keytruda for the global markets. Keytruda (generic name is pembrolizumab), manufactured and marketed by Merck & Co, is the most successful medicine, recording worldwide sales of $29.5 billion in 2024. It is used to treat multiple forms of cancer. Under the terms of the agreement, both companies will be jointly responsible for developing and manufacturing the biosimilar candidate and ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
SRINAGAR: A defiant Jammu and Kashmir Chief Minister Omar Abdullah on Monday scaled the gates of the Naqshband Sahib graveyard to pay tributes to the 22 people killed by the Dogra army on July 13, 1931. The dramatic scene unfolded a day after Abdullah and several leaders of the National Conference and opposition parties were put under house arrest to prevent them from going to the graveyard to mark Martyrs' Day. National Conference president Farooq Abdullah took an autorickshaw from the Khanyar crossing to the martyrs memorial while Minister for Education Sakina Ittoo surprised everyone by r ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
CHENNAI: The Tamil Nadu government has cancelled the manufacturing licences of Sresan Pharmaceuticals, the Kancheepuram-based firm that produced the toxic batch of Coldrif cough syrups linked to the deaths of 14 children in Madhya Pradesh. Of the children who died, 11 were from Parasia sub-division, two from Chhindwara city and one from Chaurai tehsil. On Sunday, the Parasia police arrested a government doctor for alleged negligence and registered a case against Sresan Pharmaceuticals, officials said. State Minister for Health and Family Welfare Ma Subramanian said the State Drug Control dep ...Read More >
NEW DELHI: There are several methods for removing unwanted body hair, including shaving, waxing, and threading. However, these conventional hair removal methods come with their own challenges, such as long and frequent sessions, pain, irritation, and more. With busy schedules and hectic lifestyles, people seek long-lasting grooming solutions; this is where laser hair removal comes to their rescue. Lately, laser hair removal in Delhi NCR has been rapidly gaining popularity as one of the most sought-after cosmetic procedures to get rid of unwanted body hair and enjoy silky, hair-free skin witho ...Read More >
Ahmedabad: Prime Minister Narendra Modi on Tuesday inaugurated Kaynes Technology's semiconductor manufacturing facility in Sanand, Gujarat and said India is strengthening its role as a reliable semiconductor supplier in the global market. He said the inauguration of the facility strengthens India's push towards self-reliance, which marks a landmark step in building a robust semiconductor ecosystem. Modi also launched and dedicated multiple infrastructure projects across Gujarat worth over ₹20 ...Read More >
New Delhi [India], July 17 (ANI): Ambassador Taranjit Singh Sandhu, veteran diplomat of nearly four decades and former Indian envoy to Washington, joins the US-India Strategic Partnership Forum (USISPF) as Advisor to the Board and will be the Chairman of the USISPF Geopolitical Institute, USISPF said in an official statement. As per the statement, in this new avatar, Ambassador Sandhu will lend his diplomatic acumen to guide USISPF strategic engagements on the India-Middle-East-Europe-Economic Corridor (IMEC), the Indo-Pacific Quadrilateral Security Dialogue (Quad), and the I2U2 (India, Israe ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Union Railway Minister Ashwini Vaishnaw highlighted India's surging economic strength and technological progress post-pandemic and urged citizens to join the national mission for a developed India. Addressing the "Viksit Bharat Samvad" with traders, business leaders, and citizens in Bhavnagar, Mr Vaishnaw emphasized that while global economies saw declining growth rates post-COVID-19, India stands proudly as the world's fourth-largest economy in the world. The Rail Minister called the fully ind ...Read More >
New Delhi: The promise of Artificial Intelligence (AI) is not only real, but it is an economic necessity. Recently, NITI Aayog and the Niti Frontier Tech Hub published a report titled "AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth", outlining the clear case for AI helping India to close its growth gap and meet its aspirational 2047 Viksit Bharat goal of becoming a developed economy. The report concludes that if India continues on its growth trajectory of 5.7%, the country's GDP is likely to reach $6.6T by 2035. However, with its acceleration, which has been made possib ...Read More >
New Delhi, Sep 26 (PTI) Indian Pharmaceutical Alliance (IPA) on Friday said US President Donald Trump's move to impose 100 per cent import tariffs on pharmaceutical drugs from October 1 will impact only patented and branded products, not generic medicines. Reacting to the development, IPA Secretary General Sudarshan Jain said in a statement, "It is not applicable to generics medicines." Trump's statement refers to patented and branded products supplied to US, he added. In his post on social media platform Truth Social, Trump wrote, "Starting October 1st, 2025, we will be imposing a 100% Tari ...Read More >
New Delhi: US President Donald Trump's decision to impose 100% tariffs on branded and patented drug exports has shaken Indian pharmaceutical markets, despite most of India's $10 billion US sales being in generics. The uncertainty lies in whether complex generics and specialty medicines will be included, a move that could directly impact leading players like Sun Pharma, Dr. Reddy's, Cipla, Zydus Lifesciences, and others. Stocks Facing Highest Exposure Dr. Reddy's emerges as the most vulnerable, with 47% of its earnings tied to the US market, projected at $1.5 billion in FY26. Sun Pharma follo ...Read More >
New Delhi [India], June 5 (ANI): Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand. 'With the trust in dollar decreasing silver appears to be a good avenue for money to move to and the Gold Silver ratio was recently above 1.10 so the only way forward was either silver prices rise up or gold prices fall, and thats what has happened silver has risen far more than gold,' said Mrinesh Jain Director, Bombay Bullion Metal Hub LLP. ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
New Delhi, Sep 30 (PTI) As the free trade agreement between India and four European nations EFTA will come into effect from Wednesday, several Swiss products like wines, chocolates, apparel, and watches will become cheaper in the domestic market. On the other hand, Indian labour-intensive sectors, such as certain agri goods like tea and coffee, fruits, processed, textiles, marine products, leather, sports goods, toys, and gems and jewellery, will get greater market access in the member countries of the European Free Trade Association (EFTA), giving a boost to exports. The EFTA members are Ic ...Read More >
"Currently, there are around 800 medical device manufacturers in the country, and India's annual growth of the Medtech sector is 15 to 20 per cent," said Singh. Image: ANI India's pharma exports, currently valued at nearly USD 27.8 billion, are expected to cross $30 billion by the year-end, said Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh on Tuesday. Singh stated that India's domestic pharma market is $60 billion, but is expected to double, that is, $13 ...Read More >
Amid growing demand for stricter compliance with safety and quality control norms for medical products, the Centre is framing a law to strengthen the legal framework for drug quality testing and market surveillance, along with regulation of medical devices and cosmetics. One of the major reasons behind the drafting of the law is the repeated complaints and concerns flagged by health regulators across the globe, including the WHO, over serious quality lapses by Indian drug manufacturers. The dra ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domestic electronics manufacturing.Source : Freepik India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical ...Read More >