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.
In its weekly report on the pandemic, the World Health Organisation said on Tuesday that the incidence of COVID-19 has increased globally, initially driven predominantly by transmission of the Delta variant, particularly in the European region.
Recovery was largely driven by the European Union markets.
'I have to treat patients and there they don't like Indians.' 'The patients don't like me, they are not going to come to me, then what is the point of studying there?'
Pakistan's new Prime Minister Shehbaz Sharif and Russian President Vladimir Putin have quietly exchanged letters to strengthen bilateral relations, a media report said on Sunday, amidst allegations by Imran Khan that his maiden visit to Moscow, much against Washington's wishes, led to his ouster.
Narayan Dutt, a resident of Katra in Udhampur district, was fired upon by the militants in the evening in the Kanilwan area of Bijbehara in the south Kashmir district, a police official said.
'This is a historical moment in the political history of Sri Lanka.' 'You can see the amount of pressure that is coming from the people because nobody addressed the policy blunders, multiple corruption charges and huge scandals.'
India and China have mostly set aside their bilateral differences in order to champion the cause of developing countries at the World Trade Organisation (WTO). That seems to be changing. During the latest round of China's trade policy review, India questioned its northern neighbour's claim that it was a developing country, since, going by the World Bank's definition, its per capita income belongs to that of an upper middle income country. "As per the per capita income level, the Chinese economy belongs to 'upper-middle income'. "How can China still claim to be a developing country? "What are the indicators which China is using to claim such a status?" India asked.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
The Taliban government will follow the pattern of the Iranian leadership.
Johnson will be only the second British leader since Indian independence to attend the annual Republic Day parade in New Delhi as Guest of Honour, after former prime minister John Major in 1993.
Prime Minister Narendra Modi on Saturday interacted with world leaders, including US President Joe Biden, on the sidelines of the G20 Summit, exchanging pleasantries and showcasing a spirit of camaraderie.
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
Two members of the small delegation accompanying External Affairs Minister S Jaishankar to the UK have tested positive for Covid-19, forcing him to rework his official schedule in London.
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.
On the Sensex chart, Titan, SBI, L&T, IndusInd Bank, Ultratech Cement, HDFC Bank and Asian Paints were top gainers. Sensex settled up by 380.21 points at its all-time closing high of 47,353.75. The NSE Nifty ended 123.95 points at 13,873.20.
The team originally comprised 27 parliamentarians, mostly from extreme right or right wing parties, but four did not travel to Kashmir and have reportedly returned to their respective countries, officials said.
The Congress on Tuesday stepped up its attack on the Bharatiya Janata Party government for allowing European Union MPs to visit Kashmir while denying permission to Indian parliamentarians, and termed it a "national embarrassment".
The court dismissed the last-ditch appeal by his mother, saying Dharmalingam has been given "due process in accordance with the law".
International oil prices retreated from an over seven-year high but was still above $100 a barrel and continue to pose threat to India's inflation rate and current account deficit. While there are no supply concerns as the oil route remained open, consumers will feel the pinch when PSU oil firms start passing on the increase in international rates through a revision in petrol and diesel prices, which have been on a pause for over three-and-a-half-months in view of elections in Uttar Pradesh and four other states. The government is "closely monitoring the situation" and will "take appropriate steps as and when required", a top official said. Brent crude oil surged past $105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine.
'I am here in my apartment alone. And I don't know what is in store. The attack happened all of a sudden. So, couldn't have done anything.'
Backed by the 'China Plus One' sentiment globally, India's textile exports is expected to grow by 81 per cent to $65 billion by 2026 from the pre-Covid level of around $36 billion in 2019, said a report by the Confederation of Indian Industry (CII) and global consulting firm Kearney. This jump is likely to generate 7.5-10 million new jobs. A large chunk of this targeted increase, or around $16 billion may come from the China Plus One sentiment due to India's relatively large strategic depth compared with Vietnam or Bangladesh, the report said.
Prime Minister Boris Johnson said the UK will hit Russia with a "first barrage' of economic sanctions, warning that President Vladimir Putin is fixed on a "full-scale invasion of Ukraine".
Jaishankar also met his Iranian counterpart H Amirabdollahian and held productive discussions on bilateral economic cooperation, Afghanistan and the joint comprehensive plan of action, also known as the Iran nuclear deal.
The MP for Richmond in Yorkshire, married to Murthy's daughter Akshata, first entered the UK Parliament in 2015 and has fast risen up the Conservative Party ranks as a staunch Brexiteer who had back Johnson's strategy to leave the European Union.
Can your mango recipes lift the European Union's ban on the Alphonso?
If rebel MPs from his own Tory party and Opposition benches succeed in uniting and seeing the motion through, it would force Johnson's hand on seeking an extension to the Brexit deadline from the EU at least until January 31, 2020, in the event that no withdrawal agreement is agreed between both sides by the middle of October.
The new COVID-19 variant, which threatens to wreak havoc in South Africa, has led to considerable concerns about India's tour of the Rainbow Nation next month and there could be changes in the quarantine rules for players in the coming days.
The Withdrawal Agreement was rejected by 432 votes to 202 - a majority of 230, the biggest defeat ever suffered by a British premier in modern history.
British Prime Minister Boris Johnson confirmed in a statement on Thursday that the European Union Withdrawal Agreement Bill has cleared its parliamentary stages and is now awaiting Royal Assent by Queen Elizabeth II before it goes on for EU ratification.
Stocks of companies having operations and exports to Europe were the top losers.
EU and UK laws require airlines to incorporate data protection measures and report data breach to regulators within 72 hours. Non-compliance can invite steep fines.
The move comes even as India's drug regulator has extended Covishield's shelf life from six to nine months from its manufacturing date.
The United States, the United Nations and the European Union have welcomed the announcement by the militaries of India and Pakistan to strictly observe all agreements on ceasefire along the Line of Control (LoC) in Jammu and Kashmir and other sectors, and hoped that it would lead to greater peace and stability in South Asia.
Dutch cricket ventures to a new frontier in maiden New Zealand voyage
The leader of Denmark's center-left Socialist Democratic party became the country's youngest prime minister last year at the age of 41.
This instruction is a temporary measure and shall be in force till March 31 and will be reviewed subsequently.
Responding to questions on Pakistan Prime Minister Imran Khan quoting a European Union disinformation lab report to accuse India of subversive activities through fake media organisations and similar allegations by Pakistan Foreign Minister Shah Mehmood Qureshi, Ministry of External Affairs Spokesperson Anurag Srivastava said that as a responsible democracy, India does not practice disinformation campaigns.
UK Prime Minister Boris Johnson was supposed to be the chief guest at Republic Day, but due to the surge in COVID-19 cases in the UK and the spread of a new strain, he cancelled his visit. Johnson is scheduled to visit India in April.
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