Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
The Federation of Indian Chambers of Commerce and Industry has partnered with the World Intellectual Property Organisation to launch an anti-piracy and counterfeit campaign next month.
Representatives of Apple appeared in a Shanghai court on Tuesday to respond to the case filed by Shanghai Zhizhen Network Technology Co, the developer of a voice technology called Xiao i Robot.
Intellectual property rights must be backed by a strong enforcement mechanism that will effectively curb counterfeiting and piracy, an official of the World Intellectual Property Organisation said in New Delhi on Thursday.
After reports claimed that filings in patent offices in India, the US, and Europe did not mention ICMR or its scientists, but only BBIL and its scientists, the Hyderabad-based biotechnology (biotech) company clarified that in the "rush" to develop vaccines and file appropriate patents, BBIL had missed adding ICMR's name in the original filings.
Asserting that India was on the 'threshold of a new era' in the textiles sector, Prime Minister Manmohan Singh on Friday cautioned that the country must take steps to protect the intellectual property of its weavers, artisans and designers.
Terming intellectual property as the foundation of a knowledge-based economy, Commerce and Industry Minister Kamal Nath on Monday asserted that it was time to transit from a IP user to IP producer to turn the country into a superpower.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
Pompeo, during a Congressional hearing on Thursday, told the members of the House Foreign Affairs Committee that 'the actions are entirely consistent with what they have been signalling to the world for decades you might even argue since 1989, but certainly since General Secretary Xi came to power'.
Opposition MPs in the parliamentary committee scrutinising the Waqf (Amendment) Bill are scheduled to meet Lok Sabha Speaker Om Birla on Tuesday to protest its chairperson Jagdambika Pal's alleged 'unilateral' decisions and attempts to 'bulldoze' proceedings, indicating that they may disassociate themselves from the panel.
India is not so keen to co-operate with the US on IPR related probe.
In March 2021, Ola Electric founder Bhavish Aggarwal was seen surveying an empty 500-acre land surrounded by shoe factories, temples, bakery shops, coconut trees and dusty roads in Pochampalli town of Krishnagiri district, Tamil Nadu. Many excavators and workers were busy at the construction site to build the Ola Futurefactory for electric vehicles.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
Ronnie Screwvala-led edtech unicorn upGrad, has filed a suit for trademark infringement against another EdTech company called Scaler. The suit has been filed in the Delhi high court for violation of intellectual property relating to upGrad's trademark. It has also sought damages of more than Rs 3 crore. upGrad accused Scaler of using its brand name 'upGrad' through Google Ads to appear on top of search results on Google Search Engine and in turn gaining illicit benefit.
The idea is to incorporate global best practices in the Indian context.
Samajwadi Party chief Akhilesh Yadav said his party would oppose the Centre's move to bring a bill in Parliament to amend the 1995 law governing Waqf boards, and accused the BJP of trying to snatch the rights of Muslims.
Mahindra's LSV is an extremely agile combat vehicle with all round protection against small arms fire.
'When you watch Freedom At Midnight, I want you to feel like you are sitting on a ticking time bomb.'
To be eligible, students must have a score of 60 per cent, or an equivalent grade at the undergraduate level.
Failure to recognise the threat of India's IP abuse is a major step back: Congressman Orrin Hatch.
The US move came after the Justice Department said that hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world.
The USTR has placed India on its "priority watch" list for two years in a row, saying the country's patent laws unfairly favour local drug makers.
Industry fears tougher US stance on IP after President Donald Trump asserted that foreign countries must pay a fair share for drug development costs. Aneesh Phadnis reports.
Prime Minister Narendra Modi on Thursday called for reforming the World Health Organisation and streamlining its approval process for vaccines and therapeutics, and favoured making flexible the WTO's rules relating to trade-related aspects of intellectual property rights.
Deutsche India, which houses the largest technology centre of German investment bank Deutsche Bank, is expanding its operations in India and hiring thousands. "Since January 2023, we have hired more than 2,500 people for Deutsche India and expect a positive trend to continue for the rest of 2023," Dilipkumar Khandelwal, chief executive officer of Deutsche India and Global Head of Technology Centers told 'Business Standard'. "We will continue to hire in the similar range even for the next year." Deutsche India has about 16,000 employees in the country and most of them are engineers.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
'We are calling companies to set up assembly plants for mobile phones while all the components are imported.' 'Only the last turn of the screwdriver is done here. And you call it self-reliance, Atmanirbharta, etc.' 'Unless you invest in research, you will not climb up the ladder. But this government is happy getting sub-contract work.'
'India has the largest slate of local original content outside the US.'
'In the audience's mind there is no urgency to go see a film in the theatre.' 'If you pay for social media buzz it does not convert into bums on seats.'
China represents the "largest threat" to Britain and the world's security and prosperity this century and there is evidence to suggest it has targeted countries from the US to India, UK prime ministerial candidate Rishi Sunak said on Monday.
Narendra Modi might on Saturday ask the Apple CEO to make in India instead of importing and selling refurbished phones
The 'Make in India' vision cannot survive in the long-term without concrete measures to build a concurrent 'Create in India' movement.
On an average 75 per cent of their total revenues come from international operations and they hold 57 per cent of their total assets overseas.
India has a huge trade surplus with US - over $20 billion a year in the past five years.
Western drugmakers, including Pfizer Inc, Novartis AG, Roche Holding AG and Sanofi SA, covet a bigger share of the fast-growing Indian drugs market.
TCS beat tech giants IBM and Hewlett-Packard to become the fastest growing brand within the IT services sector.
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