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.
NEW DELHI, Apr 4 : "International Diabetes Federation" (IDF) President-elect, Dr Niti Pall, currently on India visit, called on Union Minister Dr Jitendra Singh, who is also a noted Professor of Medicine & Diabetes, and discussed, among other things, indigenous biosimilar Insulin production as well as Diabetes related indigenous biomanufacturing prospects. The meeting underscored the importance of strengthening India's capabilities in insulin manufacturing, particularly biosimilar insulins and Continuous Glucose Monitoring (CGM) instruments. The discussion brought into focus growing global concerns over the future availability of insulin, with Dr. Paul flagging the risk of supply constraints as major multinational manufacturers increasingly shift their focus towards newer therapies such as GLP-1 drugs. She noted that insulin production globally is currently concentrated among a limited number of companies, making supply chains vulnerable and affordability a continuing challenge, especially for Type 1 diabetes patients who are dependent on lifelong insulin therapy. Against this backdrop, biosimilar insulin -- highly similar versions of existing insulin therapies designed to deliver comparable safety and efficacy at lower cost -- emerged as a key area of discussion. Dr. Jitendra Singh acknowledged that while India has established strengths in pharmaceuticals and medical devices, domestic insulin manufacturing remains relatively limited, indicating a critical gap alongside a significant opportunity. Dr Jitendra Singh informed that the Department of Biotechnology is already supporting efforts to enhance insulin production capacity, including recent steps to scale up manufacturing by an Indian company. The Minister emphasised that augmenting insulin availability is both a national requirement, given India's high diabetes burden, and a global responsibility in view of rising demand across developing regions. Dr. Paul highlighted that countries across Asia and Africa are increasingly looking to India for affordable diabetes care solutions, drawing parallels with India's role in supplying cost-effective vaccines. She pointed out that high insulin prices in many regions continue to limit access, reinforcing the need for alternative manufacturing hubs capable of delivering quality products at lower cost. The interaction also covered the broader ecosystem of diabetes care technologies, including continuous glucose monitoring (CGM) systems and insulin pumps. Dr. Paul noted the rapid expansion of low-cost devices from countries such as China, with significant price advantages over Western products, and cautioned that these manufacturers are already capturing substantial market share. Dr. Jitendra Singh observed that Indian companies possess the technological capability to develop comparable devices, including CGMs, and stressed that scaling up production would require stronger industry participation and targeted support. He indicated that efforts are underway within the domestic ecosystem to develop cost-effective monitoring technologies. Both sides discussed the potential for deeper collaboration involving Indian researchers, industry stakeholders and international partners in areas such as clinical trials, technology development and financing models. Dr. Jitendra Singh suggested convening a stakeholder meeting during Dr. Paul's proposed next visit to India in July to bring together relevant actors and explore pathways for scaling up manufacturing and global outreach. The exchange reflects a broader policy emphasis on strengthening India's bio-manufacturing base while addressing the growing burden of diabetes. With limited global suppliers, rising demand and persistent affordability challenges, the focus on biosimilar insulin and indigenous medical devices positions India within an evolving global conversation on equitable access to essential therapies.
NEW DELHI: India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technologi ...Read More >
New Delhi [India], January 13 (ANI): Union Minister Ashwini Vaishnaw criticised Meta CEO Mark Zuckerberg and called him "factually incorrect" over his remark that most incumbent governments, including India in 2024 elections, lost post-COVID. He added that the people of India have reaffirmed their trust in the NDA led by Prime Minister Narendra Modi. "As the world's largest democracy, India conducted the 2024 elections with over 640 million voters. People of India reaffirmed their trust in the ND led by PM @narendramodi Ji's leadership. Mr. Zuckerberg's claim that most incumbent governments, ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...Read More >
Katra/Jammu, Jun 5 (PTI) Union minister Jitendra Singh on Thursday lauded Prime Minister Narendra Modi for ensuring a speedy completion of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project after taking office in 2014 and said it marks the beginning of a historic journey in setting up the world's highest railway bridge in Jammu and Kashmir. On Friday, Prime Minister Narendra Modi is scheduled to inaugurate the world's highest railway bridge over the Chenab river and the Anji Khad bridge, India's first cable-stayed bridge, before flagging off Vande Bharat trains to mark the completio ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
India Quality Conclave 2024: Driving Excellence in Quality Management Presto Group proudly presents the India Quality Conclave 2024, set to take place on November 30 at Crowne Plaza, New Delhi. This transformative event will bring together industry leaders from packaging, FMCG, pharmaceuticals, and other sectors to discuss cutting-edge quality improvement practices. Key highlights include strategies for cost reduction, boosting QC team productivity, and ensuring hassle-free audits. Attendees will benefit from keynote speeches, case studies, panel discussions, and a special book launch, Per ...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 >
Jammu: Jammu and Kashmir Lt Governor, Manoj Sinha, Chief Minister Omar Abdullah and Union ministers Ashwini Vaishnaw and Jitendra Singh reached Katra in Reasi district on Thursday to review arrangements a day ahead of Prime Minister Narendra Modi's visit, officials said. On Friday, the prime minister is scheduled to inaugurate the Chenab bridge and the Anji bridge, India's first cable-stayed bridge, the symbol of the country's engineering excellence, before flagging off Vande Bharat trains to mark the completion of the 272-km Udhampur-Srinagar-Baramulla Railway Link (USBRL) that will provide ...Read More >
Katra (Jammu and Kashmir) [India], June 5 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah and Union Minister Jitendra Singh inspected the Katra railway station and the Vande Bharat train on Thursday ahead of Prime Minister Narendra Modi's visit on June 6. PM Modi will flag off the first Vande Bharat train to Kashmir on Friday. CM Omar Abdullah said, 'If I tell you that I have been waiting for this moment for a long time, it will still not be enough. This rail project began when I was in the 7th or 8th class. Now, even my children have started working after completing school and college ...Read More >
Ramban (Jammu and Kashmir) [India], June 6 (ANI): Security forces conducted thorough inspections and heightened vigilance in Ramban, ahead of Prime Minister Narendra Modi's visit to Katra on Friday. Prime Minister Modi will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Security personnel conducted sweeping inspections, including dog squad deployments and comprehensive vehicle checks. Also Read | Chinnaswamy Stampede: Karnataka CM Siddaramaiah Suspends Bengaluru Police Commissioner B Dayananda, Orders ...Read More >
Udhampur (Jammu and Kashmir) [India], June 6 (ANI): Security has been heightened at the Udhampur Railway Station ahead of Prime Minister Narendra Modi's visit to Katra on Friday during wich he will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Ahead of flagging off the Vande Bharat Express between Katra and Srinagar on June 6, marking the completion of the Katra-Sangaldan rail link project, Prime Minister Narendra Modi stated that key infrastructure projects worth Rs 46,000 crores, which are being inau ...Read More >
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, le ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
Part of the deal involves assistance to boost mining supply chains. Peru is one of the world's top copper producers, while Japan is a major consumer of the key industrial metal. In the aftermath of the APEC summit, Peru also inked a defense cooperation deal with South Korea, including a submarine agreement with Hyundai Heavy Industries and another deal with Korea Aerospace Industries to manufacture parts for fighter aircraft, according to Boluarte's foreign minister. Last week, Peru formally inaugurated the Chinese-built Pacific coast megaport of Chancay, promising faster and more efficient ...Read More >
Biocon Biologics, in collaboration with Diabetes Africa and St Paul’s Hospital in Ethiopia, has launched the Embedding Specialist Nurses in Diabetes Care project. The initiative focuses on training nurses to become diabetes specialists to address the country’s growing diabetes crisis. With Ethiopia ranking among the top countries in sub-Saharan Africa for diabetes prevalence, this project aims to integrate diabetes care into primary healthcare, enhancing accessibility and care quality. By upskilling nurses and establishing a structured pathway for them, the program seeks to improve diabetes ma ...Read More >
NEW DELHI: To achieve the goal of 2047 and make India a global phenomenon, we need to follow global strategies and parameters, said Union minister Dr Jitendra Singh at the "India Economic Conclave" organised by a media house in New Delhi on Saturday. India's space, marine and Himalayan resources, which remained inadequately explored before PM Narendra Modi took over, will contribute substantially to India's future economic growth. While answering to a question on how India can unleash benefits out of its natural resources in future in terms of creative growth, the minister said that Prime Mi ...Read More >
New Delhi, Jun 5 (PTI) In a move to position India as the global epicentre of traditional medicine and wellness, the government of India has launched the Ayush Nivesh Saarthi portal. The portal was launched on May 29 during the Ayush Stakeholder/Industry Interaction meet held at Vanijya Bhawan here, an Ayush Ministry statement said. The portal was jointly unveiled by Union Minister of Commerce and Industry Piyush Goyal and Union Minister of State (Independent Charge) for Ayush Prataprao Jadhav. The event brought together senior government officials, industry leaders, and global stakeholders ...Read More >
Lucknow: The state's first Ayush university, coming up in Gorakhpur, is all set for its inauguration on June 30. If all goes as planned, President Droupadi Murmu will conduct the ceremony. She is also expected to attend the convocation ceremony of the first undergraduate (MBBS) batch at Gorakhpur AIIMS.Sharing this on Tuesday, an official spokesperson said, "The Ayush university will be Gorakhpur's fourth university and the first one where both the foundation stone laying and inauguration will be ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Katra (J&K), June 6 (UNI) Prime Minister Narendra Modi on Friday inaugurated the world's highest Chenab rail bridge in Reasi district of Jammu and Kashmir. The PM was accompanied by Union Railway Minister Ashwini Vaishnaw, Union minister Dr Jitendra Singh, Jammu and Kashmir Lieutenant Governor Manoj Sinha and Chief Minister Omar Abdullah. Before the inauguration, the PM inspected the bridge and spoke to the engineers and the labourers, who turned the dream into a reality. The Chenab rail bridge is the architectural marvel; it is located at a height of 359 meters above the river, and is the ...Read More >
India is set to host the inaugural Kho Kho World Cup at New Delhi’s IGI Stadium from January 13-19, 2025, marking a historic milestone for the indigenous sport. Organized by the Kho Kho Federation of India (KKFI) in collaboration with the Indian Olympic Association (IOA), the tournament has garnered strong backing from IOA President PT Usha, who pledged comprehensive support to enhance its global appeal. Featuring 24 teams from six continents, including powerhouses like India, England, Brazil, and Australia, the event celebrates Kho Kho’s rich cultural heritage. This groundbreaking tournament ...Read More >
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their supply ...Read More >
Brescia: India and Italy Thursday cautioned against some countries' dominance on critical minerals and how the over-dependence on these key components of semiconductor, aerospace industry and EV batteries can be reduced. Commerce and industry minister Piyush Goyal said the concentration of critical minerals and their supply chains in a few geographies can hurt economic development of countries while Italian Deputy Prime Minister and foreign minister Antonio Tajani said the private sector of the two countries can consider forming joint ventures in this segment. The concerns assume significanc ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Union Commerce and Industry Minister Piyush Goyal on Thursday said he looks forward to further strengthening India-Italy strategic partnership by closely working together with the country. Goyal is in Italy on a two-day official visit, after completing his engagements in France which focused on strengthening India-France economic cooperation. "Honoured to be hosted for a delightful dinner by H.E. @Antonio_Tajani, Deputy Prime Minister and Minister of Foreign A ...Read More >
Bhubaneswar: Chief minister Mohan Charan Majhi on Thursday announced an ambitious plan of planting 7.5 crore saplings across the state within a year. Speaking at the state-level celebration of World Environment Day at the OUAT Agriculture Education Hall in city, the CM emphasised the importance of public awareness and collective responsibility in protecting nature and ending plastic pollution. "A healthy environment is essential for a healthy society," he said.Addressing the rising threat of single-use plastic, the CM urged citizens to support a mass movement to eliminate plastic from daily li ...Read More >
Ramban (Jammu and Kashmir) [India], June 6 (ANI): Security forces conducted thorough inspections and heightened vigilance in Ramban, ahead of Prime Minister Narendra Modi's visit to Katra on Friday. Prime Minister Modi will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Security personnel conducted sweeping inspections, including dog squad deployments and comprehensive vehicle checks. Security was also heightened at the Udhampur Railway Station on Thursday. Ahead of flagging off the Vande Bharat Expre ...Read More >
Katra, Jun 6: Prime Minister Narendra Modi on Friday walked to the viewpoint near the world's tallest railway bridge over the Chenab river and was briefed about the project which is key in connecting Kashmir to the rest of the country by train. Accompanied by union minister Ashwini Vaishnaw and Jitendra Singh and Chief Minister Omar Abdullah, the prime minister visited a railway museum set up near the iconic bridge. The prime minister walked to the viewpoint and was briefed about the engineering marvel, situated at a height of 359 metres above the river, 35 metres higher than the iconic Eiff ...Read More >
Katra (J&K), June 6 (UNI) Prime Minister Narendra Modi on Friday dedicated the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project to the nation by flagging off the Vande Bharat train to Srinagar from Katra railway station in Reasi district of Jammu and Kashmir. Modi was accompanied by Union Railway Minister Ashwini Vaishnaw, Union Minister Dr Jitendra Singh, Jammu and Kashmir Lieutenant Governor Manoj Sinha and Chief Minister Omar Abdullah. The PM flagged off Vande Bharat in line with his commitment to boost rail infrastructure and connectivity in the region. The 272 km-long USBRL projec ...Read More >
VARANASI: A team of IIT (BHU) scientists, led by Project Investigator and Assistant Professor in the Department of Biomedical Engineering, Sudip Mukherjee, is spearheading a ground-breaking initiative to develop a cell-based therapeutic platform aimed at the long-term cure of ALS (Amyotrophic Lateral Sclerosis), a fatal and debilitating neurological disorder. ALS has long posed a significant challenge to medical science. The disease, primarily of genetic origin, impacts movement, cognition, behaviour, and the overall health of individuals. In severe cases, ALS leads to respiratory failure and ...Read More >