New Delhi, Feb 13 (IANS) Prime Minister Narendra Modi said on Friday that India will be an engine of global growth and build its own development model as the country’s Reform Express is gathering further momentum. Addressing the ET Now Global Business Summit 2026 here, the Prime Minister said the Union government was accelerating the process of economic reforms not out of compulsion but because of its conviction to change the ecosystem to benefit the masses and achieve a ‘Viksit Bharat’ (Develop…
Latest Biopharma News & Updates
New Delhi, Feb 13 (IANS) The government on Friday approved the first national call for the Rs 2,000 crore BIRAC–RDI Fund, under the Rs 1 lakh crore Research, Development, and Innovation (RDI) initiative to boost biotech sector.Union Minister Dr Jitendra said the launch reflects a decisive shift in India’s approach to science-led growth and signals that the country is no longer a late entrant but an early mover in emerging technologies.He said the transformation is visible in the expansion of…
Mumbai, Feb 1 (IANS) Maharashtra Deputy Chief Minister Eknath Shinde has congratulated Union Finance Minister Nirmala Sitharaman on presenting her ninth budget, aimed at making India self-reliant and developed. He stated that the budget provides significant strength to Mumbai and Maharashtra — the growth engines of the country — by boosting the holistic development of smaller cities, enhancing infrastructure, and providing massive incentives to Micro, Small, and Medium Enterprises (MSMEs). Thi…
New Delhi, Jan 8 (IANS) Global healthcare private equity (PE) set a new record in 2025 with an estimated $191 billion in deal value, surpassing the previous peak of 2021, a report showed on Thursday.The surge in deal value was propelled by a sharp increase in deals exceeding $1 billion and offset second-quarter tariff-related slowdowns in North America and Asia-Pacific, said the report by Bain & Company.Deal volume was similarly robust, with investors announcing 445 buyouts, the second-most …
New Delhi, Jan 8 (IANS) India accounted for 26 per cent of Asia‑Pacific healthcare private equity (PE) deal volume in 2024, making it the largest PE market in the region by volume, a report said on Thursday.The report from Bain & Company said that the global healthcare PE deal value hit a record $191 billion in 2025.India was the largest market in the region by volume as buyout activity shifted away from China toward India, Japan, and South Korea due to the countries’ macroeconomic funda…