New Delhi, May 29 (IANS) The United States imports nearly 40 per cent of its generic medicines from India because of the trust it has in the country’s pharmaceutical capabilities, US Ambassador to India Sergio Gor said on Friday.Speaking at the Advancing Partnership in Research and Innovation event at Indian Institute of Technology here, Gor said India-US ties have expanded significantly across sectors including trade, defence, technology, health and space cooperation.“On pharmaceuticals, we…
Latest Investments News & Updates
Patna, May 21 (IANS) Bihar Chief Minister Samrat Choudhary on Thursday issued a strong statement on law and order, asserting that any criminal challenging the police should face strict action within 48 hours.The Chief Minister reiterated that the state government remained fully committed to eliminating crime and strengthening good governance in Bihar.Speaking at an event held at the Sardar Patel Bhawan auditorium at the Bihar Police Headquarters in Patna, the Chief Minister said that the governm…
Mumbai, May 21 (IANS) Government-owned Life Insurance Corporation (LIC) on Thursday reported a 23 per cent growth in its consolidated net profit at Rs 23,467 crore in the fourth quarter of the financial year 2025-26, compared with Rs 19,039 crore in the same period of the previous year.The LIC board recommended final dividend of Rs 10 per equity share of Rs 10 each (equivalent to Rs 20 per equity share pre-bonus issue basis).The record date for determining the eligibility of the investors for…
New Delhi, May 19 (IANS) The India Exim Bank on Tuesday extended a $100 million loan to the Africa Finance Corporation (AFC) to support India’s project exports on the continent.The fresh loan is in addition to a facility of $100 million extended to the AFC in August 2021 to develop critical infrastructure required for the revival of Africa’s economies in the wake of the Covid-19 pandemic, and another credit line of $100 million, extended in March 2026, to support India’s project exports in…
Guwahati, May 14 (IANS) Assam Chief Minister Himanta Biswa Sarma said on Thursday that more than 60 per cent of the investment commitments received during the Advantage Assam 2.0 business summit are now in advanced stages of implementation, with several projects already becoming operational. The Chief Minister reviewed the status of the proposed investments and added that the state government is working to ensure faster execution of projects that were announced during the summit held in February…
New Delhi, May 12 (IANS) India’s economy continues to show resilience despite rising global uncertainty and the impact of the ongoing West Asia conflict, remaining the fastest-growing major economy in the world, an Assocham ‘Global Economic Outlook’ said on Tuesday.Despite global challenges, India’s economic fundamentals continue to remain resilient, with GDP growth expected to stay around 7 per cent in 2026-27.India entered this period with strong macroeconomic fundamentals, supported b…
New Delhi, April 27 (IANS) New Zealand’s Minister for Trade and Investment, Todd McClay, said that the FTA signed with India on Monday will be put before his country’s Parliament as early as tomorrow to fast-track the process so that it can come into force within this year.”We will start very, very quickly. We hope to have it enter into force before the end of the year, and then it will be fully implemented over about a seven-year period. Over the next few months, we will all be working very…
New Delhi, April 27 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement (FTA) on Monday to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Union Commerce Minister Piyush Goyal and his New Zealand counterpart, Todd McClay.The pact is aimed at doubling bilateral trade to $5 billion over the next five years and is expected to open new avenues for Indian exporters, partic…
New Delhi, April 26 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement on Monday, more than four months after concluding negotiations, with the deal expected to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Piyush Goyal and Todd McClay, marking a major step in strengthening economic ties between the two countries.The pact is aimed at doubling bilateral trade to $5 …
New Delhi, April 25 (IANS) Polish Ambassador to India, Piotr Antoni Switalski, stated recently that Poland is a “staunch advocate” of enhancing the relationship between the European Union and India across various sectors, including Defence, in light of the recent Free Trade Agreement (FTA).In an interview with IANS, Switalski expressed satisfaction with the interest of Polish companies in selling, manufacturing, and investing in India. He also noted that several Indian Defence companies have ind…