New Delhi, April 14 (IANS) Prime Minister Narendra Modi on Tuesday said that India’s pharma sector is moving up from the pharmacy of the world to a hub of innovation.Highlighting the country’s growing focus on research-driven growth, PM Modi highlighted India’s transition from a global supplier of affordable medicines to an emerging centre of pharmaceutical innovation.Sharing an article authored by Union Health Minister Jagat Prakash Nadda, he said that India’s pharma sector is steadily …
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New Delhi, April 7 (IANS) South Africa’s High Commissioner to India, Professor Anil Sooklal, sees the upcoming India-Africa Forum Summit (IAFS) as an opportunity to strengthen his country’s economic ties with India across the pharmaceutical, green energy, IT, and agricultural sectors. “The summit aims to see how relations between the African continent and India can be intensified, expanded and maximised,” Sooklal said in an interview published in Independent Online (IOL) news portal.He point…
New Delhi, April 6 (IANS) Salary increments across India Inc are expected to remain largely stable in 2026, with average hikes projected at 9.1 per cent, slightly higher than the 9 per cent increase recorded in 2025, a new report said on Monday.The “Deloitte India Talent Outlook 2026” report by Deloitte, based on a survey conducted earlier this year across multiple sectors, indicated that companies are now settling into a steady pattern of annual pay increases after the sharp fluctuations se…
New Delhi, April 2 (IANS) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which completed four years on Thursday since it was first signed, has played a key role in propelling India’s exports and enhancing trade between the two countries.The agreement, signed on April 2, 2022, has created new opportunities for businesses, entrepreneurs, and employment in both countries over the last four years. India’s exports to Australia have more than doubled, rising from $4 b…
Valetta, March 29 (IANS) India and Malta held fourth round of Foreign Office Consultations in Valletta and reviewed bilateral ties. The two nations agreed to take forward cooperation in sectors like Information and Communications Technology, healthcare, renewable energy, pharmaceuticals and education. During the meeting, India and Malta discussed ways to deepen economic and commercial relations, particularly in the light of the recently concluded India-European Union (EU) Free Trade Agreement (F…
New Delhi, March 25 (IANS) India’s e-commerce and healthcare sectors lead hiring activity in the first half of FY 2026–27, even as digital skills continue to see strong demand across industries, according to a report released on Wednesday.The report by TeamLease Services highlighted that sector-wise, hiring demand is led by e-commerce and tech startups with a net employment change (NEC) of 8.9 per cent, followed by healthcare and pharmaceuticals at seven per cent, and manufacturing, engineerin…
New Delhi, March 24 (IANS) India’s consumption boom is set to significantly drive the growth of the domestic packaging industry, which is projected to reach $92 billion by FY30, according to a report released on Tuesday.The report by Avendus Capital has estimated that the Indian packaging market will grow at a CAGR of around 9 per cent over the next five years, outpacing the country’s GDP growth by nearly 1.3 times.The sector is increasingly being seen as a direct proxy for consumption trend…
New Delhi, March 24 (IANS) Amid serious concerns over recent introduction of multiple generic variants of GLP-1 based weight loss drugs in the Indian market, the government on Tuesday said it has intensified regulatory surveillance against the drug’s unauthorised sale and promotion.In order to ensure ethical pharmaceutical practices in the supply chain of Weight Loss Drug (GLP-1), the Drugs Controller of India has intensified its regulatory surveillance, according to Health Ministry.Concerns h…
New Delhi, March 23 (IANS) Congress MP Manish Tewari on Monday raised concerns over supply disruptions caused by the ongoing conflict in West Asia and stressed the need to give diplomacy a chance. He said the war has entered a very critical and dangerous phase, urging all sides to de-escalate tensions. Speaking to the media, Tewari highlighted the challenges facing energy-consuming nations, pointing to the wider implications of disruptions in the supply chain of crude oil, natural gas, fertilise…
New Delhi/Dhaka, March 21 (IANS) While Bangladesh and India have engaged in extensive discussions on trade and connectivity extensively at the bilateral level, the emergency supply security – with clearly defined, structured, and contractually binding terms – is yet to be formalised despite its clear significance, a report said on Saturday. According to a report in the ‘Eurasia Times’, the surge in global container freight rates between 2020 and 2022, coupled with port backlogs that extended…