Indian drug firms get a shot in the arm in the $12 bn Australian drug market as the Therapeutic Goods Administration (TGA), Australia agrees to accelerate the drug approval process in that country for Indian players who already have an approved plant and product from one of the stringent regulatory authorities like US, EU or Canada. From current sales of $340 mn, the Indian firms can see a significant upside in sales; felt Dinesh Dua, former chairman of the Pharmaceutical Exports Promotion Council of India (Pharmexcil), and the MD of Nectar Lifesciences. He highlighted that only 12 percent of the Australian drug market is generic, as against 80-90 per cent in the US or EU. Of this $1.5 bn generic drug market in India, Indian companies have a small share.
If a workable compromise is found and Russia'S Western borders are left undisturbed with a suitable buffer, it will indicate that the US is indeed serious about its focus on China, observes Colonel Anil A Athale (retd).
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
The company expects four to five per cent revenue growth from Star Alliance membership.
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Come October 1, merchants, payment aggregators and acquiring banks can no longer store the card details of customers.
The alliance combines capabilities of both the companies to offer a set of solutions comprising connectivity, computing, storage solutions, and other technology services and applications required by Indian businesses, and will span the broad Reliance Industries ecosystem, including its existing and new businesses.
Sources indicated defence and national security initiatives.
Attlee said Great Britain had concluded that the Indian element of the army was no longer reliable and that Netaji's Indian National Army had demonstrated that. That had shaken the foundation on which Britain's Indian empire rested, argues Lieutenant General Ashok Joshi (retd).
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
The session will commence with the maiden address of President Droupadi Murmu to the joint sitting of both Houses of Parliament. The address essentially highlights the government's achievements and policy priorities.
In the Congress, Sushmita Dev enjoyed the indulgence of the Gandhi family. She has been true to them and has been graceful in her gratitude to the party that gave her unparalleled political opportunities.
Modi will utilise the Presidential poll to show that he is the only leader who matters in India, argue Sunil Gatade and Venkatesh Kesari. So the question being asked in political circles is: 'Who will be the next Kovind?'
Jharkhand Governor Ramesh Bais is likely to send the order of disqualification of Chief Minister Hemant Soren as an MLA to the Election Commission of India (ECI) on Saturday, Raj Bhavan sources said.
Modi, who was in France on the first leg of his three-nation tour, said there have been a number of constructive changes in the last five years.
Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.
India is playing its South China Sea card by restarting oil exploration off Vietnam coast despite China's objections as a calculated geopolitical move to force Beijing to make "compromises" on border issue and its close ties with Pakistan, a state-run Chinese think-tank has said.
Narendra Modi's strategy in Gujarat was to run the state as a business entity.
Would it serve India's interest to go to war with China over the Maldives, asks Aditi Phadnis.
The Wayanad MP, who is on two-day visit to his constituency in poll-bound Kerala, also took on Prime Minister Narendra Modi on MGNREGA.
Finnair has said that flying from Helsinki to Bangalore and Chennai, where Finnish companies have a large business presence, is part of its expansion plans, besides leveraging from an alliance with Kingfisher Airlines in India.
Congress spokesperson Abhishek Singhvi said the failure to consummate the Indo-US nuke deal would not jeopardise overall US-India relations. "It's very, very important to emphasise that India-US relations are multi-dimensional, multi-layered, multi-faceted. The Indo-US nuclear deal was neither the beginning and nor is it going to be the end of that," he said.
The Indian film industry joined hands with Hollywood on Wednesday to counter piracy.
While seven of the suspended MPs belonged to the TMC, six were from the DMK, three from the Telangana Rashtra Samithi, two from the Communist Party of India-Marxist and one from the Communist Party of India.
Funding challenges are not limited to just one think tank. Several scholars say that access for conducting research and getting foreign funds has become a major hurdle for think tanks, with the government raising many questions regarding such inflows. As a result, many think tanks are keeping a low profile and becoming less prolific.
Some people, for their selfish interests, dislike a strong government, he said. BJP workers need to tell people the benefits of a strong government, he added.
Nucleus Software Exports Ltd on Thursday said it has become Oracle India's certified advantage partner.
Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
Despite the romance around the car and its early models, Fiat in India will also be remembered as a brand that frittered away the first mover advantage, says Shally Seth Mohile.
The issue of fog and low visibility primarily impacts airports in northern India and Bengaluru.
Farming and agriculture are crying out for a business model innovation, says R Gopalakrishnan.
'The world needs India because it needs a voice that speaks of peace, non-violence and peaceful coexistence.' 'This vision and voice, this attitude and belief are what India has stood for over the last twenty millennia,' Vice President Venkaiah Naidu tells trainee diplomats.
German carrier Lufthansa wants to fly its superjumbo A-380s to India and is studying the pros and cons of when and which Indian city to operate from, top airline officials said on Tuesday.
Tech major is in discussion with film-makers, sport administrators to enter the fast-growing sectors.
'And so, despite demonetisation, people in business feel safe with Mr Modi,' points out T N Ninan.
