India Financial News

Genome Valley at the center of this growth. Notable investments include a Rs. 2,000 crore joint venture between European company KrKA and Laurus Labs to establish pharmaceutical finished products and biopharmaceutical manufacturing facilities in Genome Valley. In addition, Laurus Labs has inaugurated an R&D center with an investment of Rs. 250 crore. Together, these projects are expected to create over 2,800 jobs. Another significant development is the partnership between Japanese pharmaceutical giant Takeda and Biological E, aimed at manufacturing 5 crore doses of the Dengue vaccine annually from Genome Valley. This collaboration positions Hyderabad at the forefront of the global fight against dengue, further solidifying its reputation as the “vaccine capital of the world.”

Congress has complained to the Election Commission of India of ads being placed strategically within Marathi language television serials to promote the Mahayuti campaign. One Marathi television channel has been running the ads since yesterday which show a hoarding of the Shiv sena campaign slogan after a particular scene in the serial. General secretary of the Maharashtra Congress Sachin Sawant complained to the State Election Commission about the placement of the ads. “ In serials after a particular scene is over it cuts to a different scene but here they have shown a road with a hoarding put up by the Shiv Sena on the road. This is blatant paid ads and it is not accidental as it has happened in all the serials running in the particular entertainment channel.”said Sawant to ET. Sawant has approached the State Election Commission officials to take action against those involved. “ Firstly an FIR needs to be filed against the channel as well as the Shiv Sena(shinde) which has inserted these ads blatantly. Secondly it's clear that the channel has taken money to place these ads so an Economic Offence should also be registered against those involved.”said Sawant.

Emaar India, the local arm of Dubai's Emaarproperties, is expected to achieve pre-sale of Rs 5,000 crore in FY 24-25 as it has entered into the next phase of expansion in India, Kalyan Chakrabarti, CEO of Emaar India, told ET. In the current financial year, it has sold commercial plots worth Rs 500 crore and a holiday home project in Alibaug, which will generate revenue of Rs 700 crore. It is expecting another Rs 2,500 crore from a project in Gurgaon while another smaller project will be launched later this year. “We will continue to expand in other cities but Gurgaon will be our main market for next few years. The projects that are getting launched, are receiving good response from the buyers and we are self sufficient to execute projects,” said Chakrabarti.

Spectrum auction will enable local entities to compete with foreign satellite players who can potentially block entry of Indian companies into Satcom space in future, Reliance Jio said in a letter to telecom regulator Trai on Friday. While opposing the proposal to allocate spectrum to Satcom players without auction, Jio said that Elon Musk-owned Starlink and Amazon's Kuiper combined Satcom bandwidth is more than the capacity built by all three leading Indian telecom operators over the years. «Assignment through the auction will provide an opportunity for Indian entities to directly compete with foreign entities, who have blocked First come First Served based ITU (International Telecommunication Union) priority list, and plan their own constellation. In the absence of clarity and certainty of spectrum assignment/priority, no Indian entity will ever be able to launch its own NGSO ( non-geostationary orbit) constellation,» Jio said.

Subscribe to enjoy similar stories. Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.

India vs South Africa 4th T20I LIVE Score: Leading the series 2-1, India will be aiming to continue the winning momentum and clinch the series when they take on South Africa in the fourth and final T20I at the Wanderers Stadium in Johannesburg. The Men in Blue started with a 61-run win in Durban before slumping to a narrow loss in Gqeberha.

seaplane landed at Pandu Ghat in Guwahati on Friday after a successful flight from the city airport, making it the first such plane to land in Assam. The addition of seaplanes to the state's transport network is expected to boost connectivity and tourism, Chief Minister Himanta Biswa Sarma said. «Earlier today, a sea plane successfully landed at Pandu Ghat on the banks of Brahmaputra, marking the first river landing in Eastern India, which will open new chapters of connectivity in a riverine state like Assam,» Sarma said in a post on X. «A dawn of new possibilities in the Tourism & Intercommunication of Assam. This morning, participated in an 'Amphibian Airplane' demonstration in Guwahati by M/s De Havilland Canada in collaboration with the Ministry of Civil Aviation,» State Tourism Minister Jayanta Malla Baruah, who took the flight, posted on the micro-blogging site.

Shami, GT’s leading wicket-taker in their 2022 title-winning campaign with 20 scalps, was let go due to recurring injury concerns. The right-arm pacer missed the 2024 IPL season as he was recovering from an ankle injury sustained during the ICC ODI World Cup 2023. Despite his recent setbacks, Shami remains a formidable force in T20 cricket, having bagged 79 wickets in 77 IPL matches at an economy of 8.63.

Philip Green, who paid a courtesy visit to Agriculture Secretary Devesh Chaturvedi on Thursday, discussed new opportunities for collaboration in agriculture and allied sectors. Highlighting the importance of agriculture in Australia's priorities, Green expressed «keen interest in exploring opportunities within the agri-tech sector». He also stressed the need for continued engagement to identify and unlock new opportunities for trade and cooperation.

Air India Express on Friday announced that is is expanding the number of weekly flights in its winter schedule from Kolkata to Bagdogra by 37 per cent. The Tata-owned airline will now operate over 230 weekly flights from Kolkata and Bagdogra, up from 168 during the previous winter season. This expansion includes new direct routes that will significantly improve travel options for passengers. For Kolkata, Air India Express is introducing new direct flights connecting the city to Sri Vijaya Puram (Port Blair) and Indore, while Bagdogra will see a new connection to Chennai.

Jyotiraditya Scindia on Friday criticised the Congress for overlooking the significant contributions of the tribal community in India's fight for independence. Speaking at a programme marking the birth anniversary of tribal freedom fighter Birsa Munda, the DoNER and communications minister called the tribal leaders «heroes not only for the tribal community but for the entire nation.» «Birsa Munda fought a decisive battle against British rule and made the ultimate sacrifice for Bharat Mata. He is a hero to 140 crore people in India, not just the janajati (tribal) community,» Scindia said, asserting that India's history would be incomplete without acknowledging the tribal contributions to the freedom struggle. Taking aim at the Congress, Scindia claimed that the tribals were neglected under its rule and their historical contributions were forgotten.

For the previous week, India's foreign exchange reserves dropped to $682.13 billion as of Nov 1. India's forex kitty: With its growing economic strength, India has achieved the significant feat of joining the ranks of the world's largest foreign exchange reserves, securing the 4th position globally after China, Japan, and Switzerland.

Supreme Court seeking its nod to bring on record various news reports and additional documents to highlight dilapidated conditions of bridges in Bihar. A bench comprising the then Chief Justice D Y Chandrachud, since retired, and Justices J B Pardiwala and Manoj Misra had on July 29 this year sought responses from the Bihar government and others, including the National Highway Authorities of India (NHAI), on the PIL filed by lawyer Brajesh Singh. On November 4, the top court agreed to consider listing for hearing the PIL that raised concerns about the safety and longevity of bridges in Bihar after several of them collapsed in recent months. The plea is likely to be heard on November 18.

Hardeep Singh Puri said on Friday. Speaking at the Geo India 2024 conference in Greater Noida, on the outskirts of the national capital, the minister said the government's reforms agenda to make it easier to find and produce crude oil (which is refined into fuels like petrol and diesel) and natural gas (which is used to generate power, make fertilizer or turned into cooking gas and CNG) will continue. He promised interference-free administration. «If you have a private sector company which is family owned, you still have interference. But if you have well run state oil companies as our oil firms are, and you have a minister like me, you will have zero interference. I have said that repeatedly,» he said.

Akhilesh Yadav on Friday criticized the BJP-led government, accusing it of undermining the Constitution while emphasizing his party's commitment to safeguarding democracy. «The government that does encounters doesn't trust the Constitution,» said Yadav during a public rally in support of Dr Charu Kain, the Samajwadi Party candidate for Khair constituency. «We have worked to educate people about the Constitution and the INDIA alliance has gained widespread support. But that doesn't mean the ruling party cannot meddle with it. We, the Samajwadi Party, will continue to protect the Constitution and our democracy,» he added. Taking a jibe at Uttar Pradesh Chief Minister Yogi Adityanath, Yadav said, «Sadhus and saints speak less, but in 'kalyug' (the current age), they are speaking more.»

Amit Shah said on Friday that election officials at Maharashtra's Hingoli checked the helicopter ferrying him and his bags. Shah is in the state to campaign for the BJP-led Mahayuti alliance ahead of the November 20 assembly polls. In a post on X, Shah said the BJP believes in free and fair elections and follows all laid-down rules and protocols. «In a healthy electoral system, we all should contribute and fulfil our duties to make India the strongest democracy in the world,» he said.

Amid uncertainty over India's participation and schedule, the Pakistan Cricket Board (PCB) revealed that the trophy tour for the upcoming ICC Champions Trophy 2025 will kick off from Islamabad on November 16. The PCB took to X and unveiled that the Champions Trophy tour will kick off in Islamabad and will also see destinations like Skardu, Murree, Hunza and Muzaffarabad.

C Rangarajan said on Friday. Speaking at the ICFAI Foundation for Higher Education (IFHE), Rangarajan stressed on the importance of «ensuring efficient fund utilisation before increasing healthcare spending.» «In India, there is a consistent discussion on raising healthcare expenditure to at least 2.8 per cent of the GDP. However, current data indicates that we are spending only about 1.8 or 1.9 per cent of the GDP,» he said. «Governments should increase healthcare spending, focus on establishing hospitals that offer free services, and ensure these funds are utilised efficiently.» The former chairman of the PM's Economic Advisory Council stated that education and health are crucial for accelerating the country's progress. «However, in India's social expenditure system, more resources are allocated to education than to health, which may not be the ideal approach.»

«Back when I started in tech in India, grinding late hours was worn like a badge of honor. I had a manager who wouldn’t leave to home before 10:00 PM and always come to office at 9:00 AM sharp. Last min prod deployment on the name of client is god. Even my team members slept in accenture offices in Gurgaon. In India we’re so many people in tech hence so tough competition if you don’t do it — there are 10,000 people in line so most of us don’t have choice,» said Ankur Tyagi on his social media account on X. Further adding, Tyagi said hustle culture was so ingrained in India that sacrificing personal time and family moments without a second thought happens easily.

Tamil Nadu Chief Minister M K Stalin on Friday laid the foundation stone for a new manufacturing unit of the Taiwanese company Dean Shoes at the SIPCOT industrial park, Jayankondam, here. The footwear major Long Yin Investment (Dean Shoes) will invest Rs 1,000 crore for the project in the industrially backward district and it will generate employment to 15,000 people. This investment would further establish Tamil Nadu as a global hub for non-leather footwear manufacturing and would transform more districts like Perambalur, Ranipet and Ariyalur, driving distributed growth across the state, Industries Minister T R B Rajaa said. «More importantly, 90 per cent of these jobs are for women, a key pillar of the Dravidian Model,» the minister claimed.

Remo D'Souza. A bench comprising Justices Surya Kant and Ujjal Bhuyan sought responses of the state government and the businessman and ordered that the notices be served through 'dasti' mode. The case dates back to 2016 when an FIR was lodged against D'Souza by Tyagi. The FIR alleged that D'Souza persuaded Tyagi to invest Rs 5 crore in his upcoming film 'Amar Must Die' with a promise of doubling the invested amount after its release.