There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies. Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments, such as deductions on R&D expenses, research-linked incentives for MNCs, and corporate tax concessions.
Leading FMCG maker HUL said that it has received a demand notice of Rs 962.75 crore from the Income Tax Department and will go in for an appeal against the order. The notice relates to non-deduction of TDS on payment of Rs 3,045 crore to GlaxoSmithKline Consumer Healthcare (GSKCH) for the acquisition of Intellectual Property Rights of the Health Foods Drinks (HFD) business consisting of brands as Horlicks, Boost, Maltova, and Viva, according to a recent exchange filing.
Pfizer alleged India has taken steps that call into question the sustainability of foreign investments and the ability to compete fairly.
Industry experts believe that this deal will positively impact the Indian film industry, which is struggling with fewer movie releases.
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official said. The India-UK talks for the proposed free trade agreement (FTA) began in January 2022. The 14th round of talks stalled as the two nations stepped into their general election cycles.
American chip behemoth Nvidia Corp and India's retail-to-refining giant Reliance Industries on Thursday unveiled their goal to build a formidable AI computing infrastructure in the country. Highlighting the tie-up, Jensen Huang, founder and CEO of Nvidia, made a broader appeal: India should focus on "manufacturing" AI, rather than racing to build semiconductor fabs. As part of this collaboration, Nvidia will reportedly supply its Blackwell AI processors to power Reliance's one-gigawatt data center in Jamnagar, Gujarat.
Indian contingent led out by Sumit, Bhagyashri at Paralympic opening ceremony
"If the CAG report cannot be discussed, the Prime Minister cannot make a statement, then what's going on for the last so many days... Sadly, the BJP is showing confusion of its mind and also beginning to look intellectually dishonest," Law Minister Salman Khurshid told media persons outside Parliament House.
IIT Kharagpur announces a 3-year bachelor's degree course in intellectual property rights.
'When you watch Freedom At Midnight, I want you to feel like you are sitting on a ticking time bomb.'
'In Parliament, he was the one person who stood for democracy and secularism even when the principal Opposition party was not very forthright in taking on the BJP and RSS.'
Sharad Kumar and Mariyappan Thangavelu won silver and bronze respectively in the men's High Jump T63 while Ajeet Singh and Sundar Singh Gurjar took the second and third spots in the Javelin Throw F46 final.
A summary of India's athletes' showing at the Paris Paralympics on Tuesday.
The Shri Vile Parle Kelavani Mandal's Institute of Intellectual Property Studies, Mumbai invites applications for its certificate course in Intellectual Property and its workshop on Patent -- Prior Art Search Techniques.
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
All 'right-thinking citizens' should rally behind Setalvad, they said.
The 100-strong intelligentsia sang We shall Overcome and a Bengali version of Bob Dylan's Blowing in the wind, when they were arrested. Incidentally, the Communist government in West Bengal has always promoted mass songs and revolutionary songs.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
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.
The Indian runner, who turns 21 later this month, clocked 55.82 seconds to finish behind Yuliia Shuliar (55.16 seconds) of Ukraine and World record holder Aysel Onder (55.23) of Turkey.
The Rajiv Gandhi School of Intellectual Property Law, IIT Kharagpur opens admissions for its full-time residential LLB programme.
'A rigid or overly broad interpretation could lead to a chilling effect on investments and growth in sectors traditionally driven by private initiative.' 'Entrepreneurs may fear that their assets could be arbitrarily appropriated by the State under the guise of serving the 'common good' without sufficient legal safeguards.' 'The judgment thus supports a more nuanced view, one that balances individual property rights with public welfare objectives.'
India granted 1.03 lakh patents in financial year 2023-24, Controller General of Patents, Designs and Trademarks Unnat Pandit said on Thursday, as he assured that there will be "no delay" in the Intellectual Property Office as it prioritises timely clearance of applications. Addressing an Assocham event here, he shared that 40 per cent of the applications were disposed of within 30 months of the request for examination. "We are going to have no delay in the IP office, that's the motive with which we have .. that IP should be granted and under Chapter 8 of the Act it should also be utilised by the applicant ... that will generate the economic value of IP," Pandit said.
'Every report I filed for Rediff.com on the professor's incarceration, would leave me wondering for days, at the depth of the State's malevolence towards this disabled professor, and his equally deep capacity to tolerate it,' recalls Jyoti Punwani.' 'No country in the world would do what our country was doing to someone so helpless.'
'Citing an example of the pressure students face, she mentioned that one student shared how friends in college would say, "Don't come back without that multi-crore job," as they said their goodbyes.' 'But you have to understand that this is the end of the beginning, and it's not even the beginning of the end.'
The cricketer said a sale agreement was executed between him and his mother on one side and the builder on the other for the purchase of an apartment for over Rs 14 crore in the real estate project initiated by Brilliant Etoile Pvt Ltd in Hauz Khas under the name 'Sky Mansion' and displaying the name 'Risland'.
The go-ahead given to prosecute Arundhati Roy would be seen by supporters of freedom of speech as an announcement that the Right-Wing doesn't feel humbled by the results of the elections, argues Shyam G Menon.
India has now moved up 1 position to 29th.
They try to hide behind the smokescreen that these are works of fiction inspired by real events. So, you can pick and choose from facts and fictionalise to push the right triggers with your audience or appease the powers that be, observes Shekhar Gupta.
Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.
In order to mark the sainthood of Mother Teresa, the government of India granted the trade mark registration.
India have sent an 84-strong contingent of para-athletes, the largest ever in the country's history -- a heady mix of youth and experience, for the Paralympic Games, starting in Paris on Wednesday.
'In spite of all these days behind the bars, none of those who have been arrested is repenting their decision to stand against the injustice of this government.'
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of Rs 44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands. The task force's recommendations include significant incentives: Rs 15,000 crore dedicated to electronic products (systems), Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.
US-based invention investment company Intellectual Ventures and Indian Institute of Technology-Bombay today signed a MoU to license and commercialise inventions of students and faculty of the institute.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
For the second consecutive year, India has been ranked at the bottom of 25 countries in terms of protection and enforcement of intellectual property practices, a US Chamber of Commerce report said on Tuesday.
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