A seminar in New Delhi commemorated Acharya Prafulla Chandra Ray's birth anniversary, focusing on his significant contributions to pharmaceutical sciences and his vision for indigenous research and self-reliance. Organised by DPSRU and VIBHA, the event highlighted Ray's pioneering efforts in "Swadeshi science" and his role in establishing India's pharmaceutical industry.
India's drug price regulator, NPPA, has revised downward the maximum retail price of 543 anti-cancer medicines, effective November 9. This follows an announcement enforcing trade margin rationalisation on 137 non-scheduled anti-cancer drugs, leading to significant price drops for several key brands.
The Supreme Court has strongly criticised the Centre and pharmaceutical manufacturers over the significant disparity between the Maximum Retail Price (MRP) of medicines and their price to retailers, questioning the justification for such high margins and the perceived ineffectiveness of the National Pharmaceutical Pricing Authority (NPPA). The court reserved its verdict on petitions seeking strict price control and prevention of unethical overpricing of essential medicines.
PAPs can reduce expenditure by 30 to 60 per cent for some expensive immunotherapies and targeted therapies.
The Maharashtra Food and Drug Administration (FDA) has suspended licenses of 19 food businesses and seized food articles worth over Rs 9 crore during a special festive-season drive. This included Patanjali cow ghee from a super distributor due to suspected misbranding and adulteration. The drive also led to seizures from other major retailers and manufacturers, with 13 FIRs registered and 16 arrests. Additionally, the FSSAI issued show-cause notices to several companies, including Tata 1mg and Amazon, over alleged labelling and advertising violations.
Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of heavy outflows due to concerns over crude oil prices, global interest rates, and corporate earnings. However, a notable shift occurred towards the end of the month, with FPIs turning net buyers and infusing approximately Rs 6,300 crore between October 26-30.
The GST Council has approved a proposal allowing pharmaceutical companies to claim Input Tax Credit (ITC) on free samples and goods destroyed or written off due to expiry, effective from the next fiscal year. This move aims to support manufacturing, liquidity, and exports within the sector.
The IDBI Bank stake sale could generate over Rs 26,500 crore, helping the government surpass its annual divestment target, notes A K Bhattacharya.
The Supreme Court has questioned the Centre's decision to cap trade margins on anti-cancer drugs at 30 per cent, asking why similar restrictions could not be extended to other medicines and medical consumables, citing glaring disparities between procurement costs and maximum retail prices (MRPs).
India's drug price regulator, the National Pharmaceutical Pricing Authority (NPPA), has significantly reduced the maximum retail prices (MRPs) of 543 cancer drug brands and pack sizes, with some reductions reaching up to 93 per cent. However, expensive innovator drugs from multinational corporations, including high-selling Bevacizumab and immunotherapy Keytruda, remain unaffected, highlighting limitations in the price control intervention.
'I have seen in Agra parents selling their buffalo, which is their sole source of livelihood, to buy expensive medicines to treat their child.' 'I was very moved by such cases and therefore approached the court to regulate the price of medicines in our country.'
They had bought Rs 29,631 crore worth of shares in August.
The Union Sports and Education Ministries, in collaboration with UNESCO, have launched the 'Sports Values in Every Classroom Toolkit' to promote clean sport values and integrity among students nationwide. The initiative, announced at NADA India's Clean Sport Conclave, aims to integrate values like respect and fairness into education through multilingual video modules. Ministers Mandaviya and Joshi emphasised the importance of this partnership in strengthening India's sporting ambitions and bridging the gap between education and sports.
Indian equity benchmarks Sensex and Nifty extended their losses for a third consecutive session, with the Sensex declining 460.30 points and the Nifty dropping 123.70 points, primarily due to surging crude oil prices driven by escalating tensions in West Asia and weak global cues.
Chief Economic Advisor V Anantha Nageswaran stated that 2026 marks an inflection point for India, akin to 1991, necessitating the country to become globally indispensable in carefully chosen sectors to build strategic leverage for accessing geopolitically contested resources amidst a series of external shocks.
Shalu Manocha, daughter-in-law of murdered pharmaceutical trader Vineet Manocha, has been released by a Kanpur court after police filed a closure report, finding no evidence of her involvement. She was initially arrested based on an accused's statement but a detailed investigation cleared her, leading to the arrest of Vineet's son, Subrat Manocha, for plotting the murder.
Indian equity benchmark indices extended losses for a second consecutive session, with the Sensex dropping 143 points, driven by a sell-off in power, banking, and financial stocks, coupled with elevated crude oil prices and persistent FII selling.
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
A Russian drone strike on a Turkish-owned civilian cargo vessel in the Black Sea resulted in the death of the ship's captain and injuries to one crew member. The vessel, carrying corn, had Azerbaijani and Indian citizens on board. Ukrainian President Volodymyr Zelenskyy condemned the attack, highlighting the ongoing disruption to global food security and India's diplomatic efforts to resolve the conflict.
India's 10 largest pharmaceutical companies have consistently maintained positive average volume growth throughout 2026, while smaller rivals have experienced more erratic performance, driven by a market shift towards chronic and sub-chronic therapies.
Rajasthan Police arrested Wasim Hussain in Gurugram for his alleged role in a cyber fraud case. A Jaipur resident was swindled out of Rs 22 lakh after fraudsters, posing as an American citizen, promised a job abroad for his son and demanded various clearance fees. Hussain allegedly provided mule bank accounts used to receive part of the defrauded amount.
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
New Zealand Prime Minister Christopher Luxon stated that the historic Free Trade Agreement with India, now in effect, will help grow both economies, allowing Kiwi businesses to reach over a billion more customers with significantly reduced tariffs, leading to 'more jobs and higher wages for Kiwis'.
A new Rs 6,000 crore integrated phenol and acetone plant, India's largest, has been inaugurated in Haldia, West Bengal. Developed by Adperma Private Limited, a subsidiary of Haldia Petrochemicals Limited (HPL), the facility aims to reduce India's reliance on imported industrial chemicals and boost the domestic specialty chemicals sector. West Bengal's Chief Minister announced a new industrial policy following the inauguration.
India has achieved its highest-ever annual Foreign Direct Investment (FDI) inflow of USD 94.53 billion in FY 2025-26, with cumulative FDI reaching USD 843 billion since 2014-15, announced Commerce and Industry Minister Piyush Goyal. Production Linked Incentive (PLI) schemes have also significantly boosted investment, production, exports, and job creation.
Police in Bengaluru have arrested Balasubramanian, a partner in DM Pharma, in connection with an interstate counterfeit drug racket. This arrest follows the apprehension of alleged kingpin Prashanth Rajan Babu. The Special Investigation Team is probing the supply chain, financial transactions, and distribution channels of fake medicines worth nearly Rs 5 crore, which were being relabelled as premium brands.
Two Indian nationals have been charged in a US federal court for their alleged involvement in a transnational scheme to distribute counterfeit Ozempic, a popular diabetes drug. The scheme involved obtaining fake drugs from China, deceptive packaging, and continued even after FDA warnings, with the accused facing significant jail time if convicted.
Police in Kanpur have arrested Subrat Manocha, son of pharmaceutical dealer Vineet Manocha, in connection with his father's murder. The arrest follows allegations by an alleged contract killer, Vishal Gautam, who claimed Subrat hired him for Rs 6 lakh to commit the crime. Investigators are verifying evidence, including call records, as Subrat denies the charges.
Gautam Adani and family have reclaimed the top spot on India's rich list, surpassing Mukesh Ambani, as the nation's billionaire population reached a record 391, according to the M3M Hurun India Rich List.
The investigation into the murder of pharmaceutical trader Vineet Manocha has intensified, with his son Subrat now under police scrutiny. New evidence reveals that the alleged shooter made multiple calls to Subrat from a newly purchased SIM card. While Subrat's wife Shalu and two others are already arrested, police are examining call detail records and financial affairs to uncover Subrat's potential involvement in the conspiracy.
The Indian IPO market recorded its highest monthly fundraising in September, with 34 mainboard companies raising 39,309 crore, despite a significant decline in the Nifty 50 index.
Shares of Symbiotec Pharmalab Ltd, a pharma and biotech company, made a muted market debut, listing nearly 1 per cent lower on the BSE against its issue price of Rs 988, but later recovered to trade higher.
Kanpur police are seeking 15 days' custody of Shalu, daughter-in-law of slain pharmaceutical trader Vineet Manocha, for intensive interrogation. Shalu is alleged to be the mastermind behind Manocha's brutal murder, having reportedly hired two men for Rs 6 lakh. Her husband, Subrat, also remains under scrutiny, with police examining call records and deleted messages to uncover the full conspiracy.
Prime Minister Narendra Modi and US President Donald Trump held a telephone conversation to review progress in bilateral ties, covering trade, defence, and energy, against the backdrop of heightened trade friction due to the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026'.
Researchers have discovered a method to externally manipulate a cell's automatic waste clearance process, known as autophagy. This breakthrough, involving the protein LC3, could offer new therapeutic targets for diseases like cancer and Parkinson's, where cellular cleansing mechanisms are often impaired.
Industry experts advocate for India to develop its own artificial intelligence (AI) safety framework, distinct from US or EU models, to address unique challenges like deepfakes and cyberattacks. They call for a comprehensive commitment involving all stakeholders and a hybrid regulatory approach combining voluntary and binding measures, as the Indian government also considers new AI regulations.
Russian President Vladimir Putin has arrived in India for a three-day visit to attend the BRICS summit and hold bilateral talks with Prime Minister Narendra Modi, focusing on expanding trade, investment, and energy cooperation amidst global geopolitical challenges.
One of the important topics of discussion between the two leaders is expected to be the Northern Sea Route and the Chennai-Vladivostok Maritime Corridor.
Retired IPS officer Kiran Bedi has sought to intervene in a Delhi High Court case regarding the collapse of a hostel building in Satya Niketan, which resulted in seven deaths. The court acknowledged her experience despite opposition from the Centre, Delhi government, and MCD, who were given three days to respond to her plea. The High Court had previously ordered an inquiry into the September 6 collapse, highlighting concerns about housing safety and regulatory measures.
