Mumbai, July 15 (IANS) India’s benchmark equity indices ended in the green on Wednesday after a volatile trading session, with gains in banking and financial services stocks helping the markets overcome weakness in metal, information technology and realty shares.The Sensex rose 130.49 points, or 0.17 per cent, to settle at 77,185.43, while the Nifty advanced 26.45 points, or 0.11 per cent, to close at 24,074.85.Commenting on Nifty technical outlook, experts said that strong buying interest aroun…
Latest Pharmaceutical Sector News & Updates
New Delhi, July 8 (IANS) The Ministry of Health and Family Welfare has enabled the import of drugs through the newly inaugurated Navi Mumbai Airport in Maharashtra, expanding designated entry points for pharmaceutical consignments to 42 ports, an official statement said on Wednesday.The move through amendment to Rule 43A of the Drugs Rules, 1945 that adds Navi Mumbai to the list of airports through which drugs may be imported, marks a significant step towards strengthening the pharmaceutical sup…
New Delhi, June 26 (IANS) The Union Ministry of Health and Family Welfare on Friday said it has proposed amendments to the Drugs Rules, 1945 to simplify the procedure for obtaining permission for import of drugs for examination, test or analysis, commonly known as through Form 11.The amendment introduces an acknowledgement-based system for import of all drugs in small quantities for analytical and non-clinical testing purposes.The amendment is expected to significantly reduce the compliance burd…
New Delhi, June 26 (IANS) The government has proposed easing the residual shelf-life requirement for imported drugs by replacing the existing norm of more than 60 per cent remaining shelf life with a minimum shelf life of 12 months at the time of import — a decision aimed at improving supply chain efficiency and promoting ease of doing business in the pharmaceutical sector — according to an official statement on Friday.The Ministry of Health and Family Welfare (MoHFW) has issued a draft notifi…
New Delhi, June 23 (IANS) India’s total merchandise and services trade expanded by 5.4 per cent year-on-year during January–March in the financial year 2025-26 to reach $1.84 trillion, reflecting a stable performance despite the uncertainties in global markets, according to NITI Aayog’s latest “Trade Watch Quarterly” released on Tuesday. Ashok Kumar Lahiri, Vice-Chairman, NITI Aayog, released the report in New Delhi, in the presence of the CEO, NITI Aayog and other senior officials.India…
New Delhi, June 9 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with Janet Truncale, Global Chair and CEO of EY.They exchanged views on India’s consistently growing role in global supply chains and opportunities regarding Global Capability Centres (GCCs).“Also discussed investment avenues, given India’s strong economic growth momentum and emergence as a preferred global investment destination,” Goyal posted on X.Truncale earlier met Finance Minister Nirmala Sit…
New Delhi, June 9 (IANS) Commerce and Industry Minister Piyush Goyal said on Tuesday that India is well-positioned to serve the world as an innovator, manufacturer, reliable supplier of affordable medicines, partner in advanced healthcare technologies, and destination for contract manufacturing.Addressing the Global Ambassador Meet on the Pharmaceutical Sector here, the minister noted that Indian medicines are widely accepted across global markets owing to the industry’s established quality st…
Boston, May 1 (IANS) India’s emergence as a global pharmaceutical powerhouse is entering a new phase, driven by innovation, vaccine leadership and expanding clinical capabilities, according to Dr Elias Zerhouni, former Director of the US National Institutes of Health (NIH).Zerhouni said the India-US relationship in healthcare and biotechnology has steadily strengthened over the years, moving beyond manufacturing to innovation-led collaboration.“There’s a tremendous amount of exchanges and …
New Delhi, April 30 (IANS) Private equity and venture capital investment activity in India moderated in Q1 2026, with deal value and exits easing from recent peaks, while volumes remained resilient despite geopolitical tensions, a report said on Thursday.The report from EY and the Indian Venture Capital Association said PE/VC investments totalled $13.1 billion in Q12026, easing 19 per cent year‑on‑year and 24 per cent quarter‑on‑quarter. Deal volumes almost remained flat with 360 transac…
New Delhi, March 30 (IANS) India’s pharmaceutical sector is set to take a major step towards becoming an innovation-driven global powerhouse, as India Pharma 2026 aims to accelerate the industry’s transition from volume-based growth to value and research-led expansion, the government said on Monday.The Department of Pharmaceuticals under the Ministry of Chemicals and Fertilisers, in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Pharmaceuti…