New Delhi, July 23 (IANS) The Central government’s Technology Development Board (TDB) has approved 22 projects with a total project cost of Rs 4,744 crore, extending RDIF support of Rs 2,192 crore to them, the Parliament was informed on Thursday.Biotechnology Industry Research Assistance Council (BIRAC) shortlisted another eight projects for support under the RDIF, involving an amount of Rs 390.35 crore, Union Minister Dr Jitendra Singh said in the Rajya Sabha.TDB and the Biotechnology Industry …
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Los Angeles, July 23 (IANS) India’s newest diplomatic mission in the United States is positioning itself as a gateway for expanding trade, technology, investment and people-to-people ties across the American Pacific Southwest, with Indian Consul General in Los Angeles Dr K.J. Srinivasa saying the region offers “tremendous opportunities and potential” for the growing India-US partnership. Less than a year after opening its doors, the Consulate General of India in Los Angeles has begun evolving be…
Washington, July 16 (IANS) A bipartisan group of US senators has unveiled legislation to increase scrutiny of foreign ownership in America’s pharmaceutical industry, warning that growing dependence on China for critical medicines and drug ingredients poses risks to US national security and public health. The proposed Pharmaceutical Investment Oversight and Accountability Act, introduced by Senate Special Committee on Aging Chairman Rick Scott along with Ranking Member Kirsten Gillibrand and Sena…
New Delhi, July 15 (IANS) The Central government launched Phase‑III of the Biomedical Research Career Programme with a total outlay of Rs 1,500 crore to expand fellowships, research grants and translating discoveries into practical healthcare applications, an official statement said on Wednesday.The outlay includes Rs 1,000 crore from the Department of Biotechnology and Rs 500 crore from the London‑based Wellcome Trust, the statement from the Ministry of Science & Technology said.The pro…
New Delhi, July 9 (IANS) Innovation-led research, science-based regulatory frameworks, climate-resilient technologies and deeper global collaboration will be central to strengthening India’s seed ecosystem and enhancing agricultural productivity, experts said on Thursday.Policymakers, scientists, industry leaders and international experts at ASSOCHAM’s India Seed Trade & Innovation Summit 2026 discussed strategies to strengthen India’s competitiveness in the global seed value chain through i…
Washington, July 8 (IANS) A Republican senator has urged the US Commerce Department to tighten patent protections against what he described as Chinese companies using artificial intelligence to mine American patent applications, warning that the practice threatens US innovation, weakens pharmaceutical research and development, and could deepen America’s dependence on China’s biotechnology sector.Sen. Jim Banks of Indiana, in a letter to Commerce Secretary Howard Lutnick, called on the US Patent …
New Delhi, July 7 (IANS) Secretary, Technology Development Board (TDB) Rajesh Kumar Pathak on Tuesday said central government plans to boost research and development spending to about 2 per cent of GDP and invited private sector to tap Rs 1 lakh crore Research, Development & Innovation Fund (RDIF) that can underwrite up to half of project costs.“The objective of the RDIF is to encourage the private sector to scale-up R&D spending, currently at around 0.65 per cent of GDP. The role of t…
New Delhi, July 6 (IANS) India’s dealmaking landscape witnessed a sharp rise in transaction values during the second quarter of 2026, with the combined value of mergers and acquisitions (M&A) and private equity (PE) deals surging 127 per cent quarter-on-quarter to $36.3 billion, according to a report.According to a report by Grant Thornton Bharat, M&A activity emerged as the key driver of dealmaking during the quarter, with 240 transactions worth $27.9 billion.While M&A deal volumes …
Paris/New Delhi, July 3 (IANS) The India-France Strategic Partnership is uniquely positioned to drive the next phase of sustainable, resilient and innovation-led growth, Finance Minister Nirmala Sitharaman has said.Addressing an India-France Business Roundtable with leading businesses and institutions in Paris, she set the context of a rapidly-evolving global economy shaped by technological transformation, supply chain diversification, energy transition and geopolitical developments.The Finance …
Washington, July 2 (IANS) A bipartisan congressional panel this week examined a series of legislative proposals aimed at strengthening American leadership in artificial intelligence, robotics, semiconductors and other critical technologies, as lawmakers from both parties warned that the United States faces growing competition from China. At a hearing of the House Energy and Commerce Subcommittee, Republican lawmakers stressed the need for faster deployment of emerging technologies, stronger dome…