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New Delhi, Oct 19 (SocialNews.XYZ) Minister of Commerce and Industry Piyush Goyal on Sunday listed the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which has now come into force, and his meeting with UK Prime Minister Keir Starmer in Mumbai to advance the India-UK trade and investment partnership as major highlights of his ministry in the last fortnight. "The Trade and Economic Partnership Agreement (TEPA) between India and the EFT ...Read More >
MUMBAI, India and NAPLES, Fla., Oct. 9, 2025 /PRNewswire/ -- Global pharma major Lupin Limited (Lupin) (BSE: 500257) (NSE: LUPIN) (REUTERS: LUPIN.BO) (BLOOMBERG: LPCIN) today announced the launch of a strategic partnership program aimed at expanding the reach of PrecisionSphere™ - the long-acting injectable (LAI) platform developed by its subsidiary, Nanomi B.V. (Nanomi). PrecisionSphere™ demonstrates efficacy and safety in drug delivery and is ready for commercial use, following the recent Unit ...Read More >
Union Minister Jyotiraditya M Scindia announced India's SATCOM sector is poised for rapid growth, with the market expected to double in two years as regulatory frameworks and licensing processes advance. India is also an early mover in 6G technology, actively contributing to global standard-setting at ITU, with final standards anticipated by 2027-28 and implementation around 2030. India's satellite communications (SATCOM) sector is poised for significant growth as regulatory frameworks are bein ...Read More >
New Delhi, Oct 8 (SocialNews.XYZ) The Supreme Court on Wednesday set aside the conviction and death sentence of a man who was found guilty by the trial court and the Madras High Court for the rape and murder of a seven-year-old girl in 2017. A three-judge bench of the apex court, headed by Justice Vikram Nath, held that the trial was "conducted in a lopsided manner and without due deference to the principles of fair trial", adding that both the trial court and the Madras High Court glossed over ...Read More >
(Reuters) -Eli Lilly will invest more than $1 billion in India in the coming years to boost manufacturing and supply through local drugmakers, the company said on Monday, as it seeks to tap into skilled workforce to bolster its global manufacturing expansion. The collaborations aim to increase the availability of Lilly's key drugs, including those for obesity, diabetes, Alzheimer's, cancer and autoimmune conditions, the company said. "We are making significant investments to increase manufactu ...Read More >
Mumbai: Less than a month after Ozempic maker Novo Nordisk announced it is cutting its global workforce as part of a restructuring plan, the layoffs have hit Indian employees in Bengaluru. Junior- to mid-level employees across functions such as sales and marketing, as well as those in the company's global business services (GBS) hub, which works with its global teams, have been impacted, according to at least three people aware of the development. "At least 100-150 will be retrenched from the ...Read More >
BENGALURU: Spacetech startup Agnikul Cosmos has announced plans to build fully reusable rockets, committing to ensure that no part of its vehicles is expended or left behind. The declaration came at the International Astronautical Congress (IAC) 2025 in Sydney, which is themed "Sustainable Space: Resilient Earth."The Chennai-based start-up said its reusability push builds on a set of recent patents in the US, Europe, and India, covering multi-purpose and recovery technologies. "A key focus is it ...Read More >
The Union Cabinet, at a meeting chaired by Prime Minister Narendra Modi, approved the Biomedical Research Career Programme (BRCP) Phase III which will be implemented by the Department of Biotechnology and Wellcome Trust, UK through the India Alliance at a cost of ₹1,500 crore over the next six years beginning 2025-26. The contribution of the Department of Biotechnology will be ₹1,000 crore and the Wellcome Trust, UK will bring in ₹500 crore. The BRCP was launched in 2008-09 for biomedical ...Read More >
Bengaluru : GPS Renewables, one of the leading global full-stack, renewable oil & gas companies offering technology and project solutions for climate-positive biofuel projects, has partnered with Council of Scientific and Industrial Research - National Chemical Laboratory (CSIR-NCL) to develop a first-of-a-kind commercial-scale production of Sustainable Aviation Fuel (SAF) from ethanol. The same technology can be used to produce SAF from methanol as well. As part of the partnership, GPS Renewab ...Read More >
The rupee rose 3 paise to 88.72 against the US dollar, buoyed by falling crude oil prices and positive domestic equity markets, though FII outflows limited sharper gains. Markets are now awaiting the RBI's policy decision on Wednesday, amidst geopolitical tensions and the US imposing 100% tariffs on Indian branded drugs, with exemptions for US-based manufacturing. The rupee rose 3 paise to 88.72 against the US dollar in early trade on Tuesday on the back of a fall in crude oil prices and positi ...Read More >
The eco-friendly and low-cost device has been built to support fishing in hill streams and cage culture fish farms A research team from Nagaland University, the only central varsity in the northeastern state, has designed and patented a fish trap called "BR Fishing Trap" made entirely from locally available bamboo and plastic threads, offering an alternative to expensive market-based gears. The eco-friendly and low-cost device has been built to support fishing in hill streams and cage culture ...Read More >
Mumbai: The Indian rupee slipped to a fresh historic low of 88.79 (provisional) against the US dollar on Tuesday, pressured by continued foreign capital outflows and growing concerns over global trade tensions. At the interbank foreign exchange market, the rupee opened at 88.73 and traded in a tight range between 88.69 and 88.80 before settling at 88.79. This marked a 4 paise drop from the previous closing rate. On Monday, the rupee had already ended lower by 3 paise at 88.75 per dollar. Accor ...Read More >
Mumbai, Sep 30 (PTI) The rupee fell 4 paise to an all-time low of 88.79 (provisional) against the US dollar on Tuesday, pressured by sustained foreign capital outflows amid global trade uncertainties. However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit, according to forex traders. The markets are also awaiting the Reserve Bank of India's (RBI's) Monetary Policy Committee decision, which will be announced on Wednesday. At ...Read More >
Chennai - Spacetech pioneer Agnikul Cosmos today announced its commitment to full rocket reusability, aiming to ensure that no part of its rockets are fully expended or left behind. The announcement was made at the International Astronautical Congress (IAC) 2025 in Sydney, Australia aligning with the event's theme of "Sustainable Space: Resilient Earth". Backed by multiple patents secured in the US, Europe, and India for Agnikul's proprietary multi-purpose and reusability technologies, the compa ...Read More >
Amid increasing global usage of renewable electricity, a notable surge in the demand for high-tech photovoltaic (PV) solar modules has been witnessed lately, backed by rapid advancements in solar cell efficiency, lowering production costs, along with technological innovations like perovskite tandem cells. To reap the benefits of this demand trend, America's largest solar module manufacturer, First Solar Inc. FSLR brought forth its CuRe program, which is focused on improving its current semicondu ...Read More >
New Delhi: Space start-up Agnikul Cosmos announced on Monday that the rockets it plans to build will be fully reusable, allowing it to offer satellite-launch services at globally-competitive prices. The Chennai-based start-up made the announcement at the International Astronautical Congress in Sydney and asserted that it is aiming to ensure that no part of its rockets is fully expended or left behind. Agnikul carried out its maiden sub-orbital test flight of its 3D-printed rocket, Agnibaan SOrT ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 3 paise at 88.75 against the US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meeting outcome on October 1, is expected to ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 7 paise at its all-time closing low of 88.79 (provisional) against US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meetin ...Read More >
New Delhi, Sep 29 (PTI) Space start-up Agnikul Cosmos announced on Monday that the rockets it plans to build will be fully reusable, allowing it to offer satellite-launch services at globally-competitive prices. The Chennai-based start-up made the announcement at the International Astronautical Congress in Sydney and asserted that it is aiming to ensure that no part of its rockets is fully expended or left behind. Agnikul carried out its maiden sub-orbital test flight of its 3D-printed rocket, ...Read More >
Mumbai, Sep 29 (PTI) Rupee rises 3 paise to 88.69 against the US dollar in early trade on Monday, tracking positive Asian currencies and weakness of the American currency in the overseas market. Forex traders said the rupee is trading in a tight range as it remains under pressure influenced by continued capital outflows and geo-political developments. Moreover, the RBI policy meeting outcome on October 1, is expected to influence the rupee and government bond movements. At the interbank forei ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The Indian equity indices opened higher on Monday with a rise in heavyweight stocks, as the key RBI MPC meeting began to decide on the repo rate. At 9.22 am, Sensex was up 108 points or 0.14 per cent at 80,534 and Nifty was up 30 points or 0.12 per cent at 24,685. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 302 points or 0.54 per cent at 56,680 and Nifty smallcap 100 index was up 90 points or 0.51 per cent at 17,651. Among t ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) Shiv Sena(UBT) on Monday claimed that US President Trump has dealt a blow to Indian pharmaceutical companies by imposing a 100 per cent tariff on medicines, saying that it will devastate the Indian pharmaceutical industry and affect healthcare for the poor and middle class. "Trump, who is acting as if he is taking revenge on Indian business and industry, wants to destroy India's economy. He certainly wants to dent Prime Minister Narendra Modi's stated ambition to ...Read More >
For the month, FII sold equities worth Rs 30,141.68 crore, while DII bought equities worth Rs 55,736.09 crore. The broader indices broke a three-week gaining streak and underperformed the main indices as markets remained under pressure throughout the week on worries over fresh tariffs on pharma, higher visa fees by the US, persistent trade concerns, and continued FII selling. For the week, Nifty50 plunged 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index declined ...Read More >
New Delhi: A top member of Donald Trump's administration has hit out at India once again on the issue of trade imbalance, saying that it is one of the countries that needs 'fixing'. Such a remark from US commerce secretary Howard Lutnick threatens to put the ongoing trade talks between the two countries under stress. If India wishes to sell to American consumers, it will have to "play ball with the President", Lutnick said. Hitting out at India and Brazil, he said that these countries need to d ...Read More >
Chennai, Sep 27 (SocialNews.XYZ) Marumalarchi Dravida Munnetra Kazhagam (MDMK) general secretary Vaiko has warned that the United States' latest decision to impose a steep 100 per cent import duty on medicines could deal a severe blow to India's pharmaceutical exports and trigger a wider trade crisis. Quoting data from the World Trade Organization (WTO), Vaiko said pharmaceuticals form India's single largest industrial export segment. Each year, India ships about $12.7 billion worth of medicin ...Read More >
Vijayawada, Sep 27 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday said that it is important to make products rather than remain as employees, emphasising that products guarantee 100 per cent revenue. Inaugurating the Bharat Sanchar Nigam Ltd's (BSNL) Swadeshi 4G Mobile Network in Vijayawada, the chief minister noted that Indians are downloading 24 per cent of apps made by others, ending up paying 95 per cent to foreign companies. "We are doing job work (jobs), that is not ...Read More >
Mumbai, Sep 26 (SocialNews.XYZ) The Indian equity benchmarks ended this week with the steepest weekly decline in six months, as well as registering a sixth consecutive session of decline -- amid concerns over H-1B visa fee hike and US pharma tariffs. Nifty and Sensex ended with a decline of around 2.50 per cent and 2.54 per cent, respectively, even as IT and pharma sectors came under selling pressure. Midcap and small-cap indices witnessed even higher selling pressure due to stretched valuatio ...Read More >
HYDERABAD: Even as Donald Trump dashed off a missive announcing 100 per cent tariffs on branded, patented pharma products, Hyderabad, which has a significant number of pharma companies exporting to the US, may not see an impact, said industry officials. "The announcement is vague. The use of terms branded and patent in the message leaves scope for varied interpretation. India is predominantly a generic exporter and I don't think it impacts Hyderabad or even India," said R Udaya Bhasker, former ...Read More >
Ministry of External Affairs (MEA) Official Spokesperson Randhir Jaiswal, reacting to US President Donald Trump's imposition of 100% tariffs on imports of branded and patented pharmaceutical drugs from October 1, 2025, said the government is monitoring the situation closely. On Thursday, the Trump administration announced that starting October 1, 2025, it will be imposing a 100% tariff on any branded or patented pharmaceutical product, unless a company is building their pharmaceutical manufactu ...Read More >
Mumbai, Sep 26 (PTI) Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Friday, marking their sixth consecutive day of decline, following heavy selling in pharma and IT shares as US President Donald Trump announced 100 per cent duties on pharmaceutical drugs from next month. The 30-share BSE Sensex tanked 733.22 points or 0.90 per cent to settle at a three-week low of 80,426.46. During the day, it dropped 827.27 points or 1 per cent to 80,332.41. The 50-share NSE Nifty tumbl ...Read More >
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