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New Delhi: Niti Aayog has proposed several fiscal and non-fiscal interventions for the chemical sector, including a scheme to support operational expenditure (opex), fast-tracking environmental clearances, targeted negotiations for the sector in all free-trade agreements and focus on talent and skill upgradation to enhance India's global competitiveness. In a report, titled Chemical Industry: Powering India's Participation in Global Value Chains released on Thursday, the Aayog has called for in ...Read More >
New Delhi: A mix of fiscal and non-fiscal incentives can propel India's chemicals industry into the global big league, policy think-tank NITI Aayog said on Thursday, a sector that can catalyze India's journey to a $5-trillion economy and beyond. The strategic roadmap unveiled in a new report aims to raise India's share of the global chemicals value chain from the current 3-3.5% to as much as 6% by 2030 and 10-12% by 2040. Achieving this will demand coordinated national efforts spanning policy ...Read More >
New Delhi: With appropriate reforms and focus, India's chemical sector will reach $1 trillion by 2040 and create more than seven lakh skilled jobs by 2030, says an ambitious new report released by NITI Aayog titled "Chemical Industry: Powering India's Participation in Global Value Chains." The Indian chemical sector is valued at upwards of $190 billion and has approximately 3.5% of global chemical value chains. The sector is a $31 billion deficit as it is heavily dependent on imported feedstock ...Read More >
New Delhi, Jul 3 (PTI) India should establish world-class chemical hubs and develop eight high-potential port-infrastructure clusters to become a global chemical manufacturing powerhouse, a NITI Aayog report said on Thursday. In a report titled 'Chemical Industry: Powering India's Participation in Global Value Chains', NITI Aayog said India is aiming USD 1 trillion chemical output by 2040. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction ...Read More >
New Delhi, Jul 3 (PTI) India should establish world-class chemical hubs and develop eight high-potential port-infrastructure clusters to become a global chemical manufacturing powerhouse, a NITI Aayog report said on Thursday. In a report titled 'Chemical Industry: Powering India's Participation in Global Value Chains', NITI Aayog said India is aiming USD 1 trillion chemical output by 2040. According to the report, India is set to increase its Global Value Chains (GVC) share from 3.5 per cent i ...Read More >
New Delhi [India], July 3 (ANI): NITI Aayog on Thursday released its report "Chemical Industry: Powering India's Participation in Global Value Chains". The report offers an extensive analysis of India's chemical sector, highlighting both opportunities and challenges, and outlining a pathway for positioning India as a key player in global chemical markets. The global chemical industry is undergoing a major transformation, driven by shifting supply chains, demand for specialty and green chemicals ...Read More >
Mumbai, July 3: India Inc has shown remarkable financial strength over the last five years, with corporate profits growing nearly three times faster than the country's GDP between FY20 and FY25, a new report said on Thursday. The profit-to-GDP ratio has risen significantly to 6.9 per cent -- reflecting strong earnings performance despite economic challenges, according to the data compiled by Ionic Wealth (Angel One). The report, titled 'India Inc. FY25: Decoding Earnings Trends & Path Ahead', ...Read More >
New Delhi, 2 July 2025: Over the past couple of years, GCCs have been the primary growth driver of India's office market This growth has been fueled by cost optimization strategies, a skilled talent pool, rapid infrastructure development, favourable government policies, ease of doing business, and a supportive business environment. As per Vestian's latest report, GCCs accounted for 42% of the pan-India absorption in FY 2025, registering a marginal increase from 41% a year earlier. In terms of v ...Read More >
NEW DELHI, July 1 (Xinhua) -- At least 35 people were killed and over 30 others injured in a massive explosion inside a chemical factory in the southern Indian state of Telangana, officials said Tuesday. The death toll swelled due to the recovery of more bodies from the debris during the overnight rescue operation. The blast took place on Monday in the Pashamylaram industrial area of Patancheru, Sangareddy district, about 48 km northwest of Hyderabad, the capital city of Telangana. According ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Gove ...Read More >
Hyderabad: A devastating explosion at a chemical manufacturing unit in Pashamylaram industrial area in Sangareddy district, claimed 15 lives and left 34 workers injured. The tragic incident occurred on Monday at Sigachi Industries Pvt Ltd which manufactures microcrystalline cellulose (MCC) powder used in pharmaceutical, food and other industries. Eyewitnesses said there was a loud explosion, shaking nearby areas and sending thick black smoke into the sky. The factory was soon engulfed in flames, ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
New Delhi: Following the acquisition of JB Chemicals & Pharmaceuticals (JB Chem), Torrent Pharma is set to become India's fifth-largest pharmaceutical company (up from seventh), capturing a 4.6% share (up from 3.6%) of the Rs 2.3 lakh crore organised retail market. Significantly, the deal propels Torrent to become the number one player in the over Rs 30,000 crore cardiac therapy market (moving annual total or 12-month period ended May 25), overtaking the leader Sun Pharma, from an existing 7% to ...Read More >
NEW DELHI: Following the acquisition of JB Chemicals & Pharmaceuticals (JB Chem), Torrent Pharma is set to become India's fifth-largest pharmaceutical company, capturing a 4.6% share of the Rs 2.3 lakh crore organised retail market.The acquisition boosts Torrent Pharma's rank from 7th to 5th place, increasing its market share from 3.6% to 4.6%, according to data gathered by TOI from market intelligence firm Pharmarack.Sun Pharma leads the highly fragmented pharma market with sales of over Rs 19, ...Read More >
Bhopal, Madhya Pradesh (June 30, 2025): A major fire broke out at a factory in the Bairagarh area of Madhya Pradesh's Bhopal on Monday. Several fire engines were rushed to the site as thick smoke rose from the premises. Officials said firefighting operations are underway and no casualties have been reported so far. The cause of the fire is not yet known. Fire brigade personnel are working to bring the situation under control. The area has been sealed as a precaution. In a separate incident ear ...Read More >
Hyderabad: International Asteroid Day (IAD) is observed on June 30 every year to raise public awareness of asteroids and the importance of defending Earth against potential threats from the asteroid belts. This day has been sanctioned by the United Nations. Asteroids are small, rocky objects that orbit the sun. Even though these rocky remnants are the leftovers from the formation of our solar system that occurred about 4.6 billion years ago, they still orbit around the sun like planets. There a ...Read More >
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the Rs 19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additional ...Read More >
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the ₹19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about ₹11,917 crore. It would additionally b ...Read More >
Dhar: A waste disposal facility at Pithampur is seen where a huge quantity of waste from Bhopal's Union Carbide factory has been brought for disposal, in Dhar district, Madhya Pradesh All 337 tonnes of waste of the now defunct Union Carbide factory in Bhopal has been burnt to ashes at a disposal plant in Pithampur, nearly six months after being brought to the unit, an official said on Monday. While 30 tons of the waste was burnt earlier during three trials at the plant, the remaining 307 tons ...Read More >
Bhopal (Madhya Pradesh): Madhya Pradesh has received investment proposals worth over Rs 15,710 crore during an interactive session held in Surat, Gujarat, on Sunday. In response to the strong investor interest, Chief Minister Mohan Yadav announced opening of a new office of Madhya Pradesh Industrial Development Corporation (MPIDC) in Ahmedabad. The proposed investments are expected to create more than 11,250 jobs in the state. CM Yadav said the session is aimed to encourage Gujarat-based indus ...Read More >
New Delhi: Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per sh ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs ...Read More >
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Bengaluru Crime: A woman's body, believed to be between 30 and 35 years old, was found stuffed inside a sack and dumped in a garbage truck in Bengaluru early Thursday. The identity of the woman is yet to be confirmed. Police said the sack was discovered by BBMP sanitation workers who immediately alerted the authorities. The body was found with her hands and neck tied, raising strong suspicion of murder. Officials stated that the body had been placed inside a gunny bag before being thrown into t ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500 crore deal to become India's second most-valued pharma company. Torrent will acquire 46.39 per cent stake from the promoters for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (about Rs 719 crore). Also Read | Indian Railways to ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500 crore deal to become India's second most-valued pharma company. Torrent will acquire 46.39 per cent stake from the promoters for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (about Rs 719 crore). Post this, it would make an ope ...Read More >
Hyderabad: Thousands of devotees of Lord Jagannath enthusiastically participated in the Jagannath Rath Yatra organised by the ISKCON temple at Abids. Chanting slogans of 'Jai Jagannath', they joined the divine journey of the deities on their chariots on Friday. The city's famous ISKCON Temples took out grand processions from their respective temples, with the lanes beautifully decorated with traditional rangoli. The magnificent chariot carrying Lord Jagannath, along with Balarama and Subhadra, ...Read More >
MUMBAI: JSW Paints will acquire about 75% stake in Dulux-owner Akzo Nobel's India unit for Rs 9,407 crore ($1.1 billion) - marking the country's biggest deal in the sector amid growing competition. The acquisition will position JSW Paints, established by steel tycoon Sajjan Jindal in 2019, as the fourth largest player in the industry dominated by Asian Paints, Berger Paints, and Kansai Nerolac. The industry saw a new entrant in 2024 when Aditya Birla Group launched Birla Opus.JSW Paints plans to ...Read More >
These companies are mobilising funds to support capital expenditure requirements especially for expansion plans, repayment of borrowings, and for general corporate purposes.Source : Fisdom After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilizing secondary market and easing geopolitical tensions, merchant bankers said. Among the companies preparing to tap the capi ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the ...Read More >
NEW DELHI: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilising secondary market and easing geopolitical tensions, merchant bankers said.Among the companies preparing to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, National Securities Depository Ltd (NSDL), Kalpataru, Rubicon Research, All Time Plastics, Regreen-Excel EPC India ...Read More >
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