According to the Department of Pharmaceuticals' annual report for 2024-25, India imported medical devices worth $8.1 billion, while exports stood at $3.7 billion in the financial year 2023-24 (FY24)
After Chennai, it is Coimbatore, Madurai, and Tiruchirappalli, that are emerging as manufacturing hubs. Coimbatore is India's top Tier-II city in terms of the number of GCCs, according to a report by Cushman & Wakefield.
'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'
The "construct of the DPDP Act" cannot be changed at this stage, though there may be some minor tweaks in the language of the Rules and formats in certain legitimate cases.
A parliamentary panel has asked the Information and Broadcasting Ministry to submit a note on amendments needed in existing laws to clamp down on controversial content like the one involving YouTuber Ranveer Allahbadia. Members from different parties voiced concern over Allahbadia's crass comments at a YouTube programme and called for stringent measures to punish him and to ensure that such an incident does not recur. The committee's chairperson and BJP MP Nishikant Dubey shared their concerns at the meeting attended by Information and Broadcasting Secretary Sanjay Jaju and other senior ministry officials.
The Information and Broadcasting Ministry is examining the existing statutory provisions and the need for a new legal framework to regulate 'harmful' content amid complaints of 'obscenity and violence' being shown on digital platforms.
Union minister Ashwini Vaishnaw countered Facebook founder Mark Zuckerberg on Monday on his claim that after the COVID-19 pandemic, most incumbent governments, including the one in India, lost elections in 2024, asserting that his statement was 'factually incorrect'.
The scale of illegal gambling and betting in India is staggering, with 1.6 billion visits recorded between October and December 2024 across four analysed platforms -- Parimatch, Stake, 1xBet, and Battery Bet.
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
The Central Bureau of Investigation (CBI) conducted searches at seven locations across India in connection with a Rs 350 crore crypto ponzi scam. The accused, operating seven modules in different cities, allegedly lured investors with promises of high returns on cryptocurrency investments. The CBI seized digital virtual assets totaling USD 38,414 in cryptocurrency wallets, cash amounting to Rs 34.2 lakh, and digital evidence, including mobile phones, laptops, tablets, hard disks, and memory cards. The agency registered the case under the Indian Penal Code and the Information Technology Act.
The private corporate sector showed improvements across various segments in the third quarter of the current financial year (Q3FY25), with the operating profit margin of listed non-financial companies increasing sequentially by 50 basis points (bps) to 16.2 per cent, according to the Reserve Bank of India (RBI) data released on Monday. Sales of listed private non-financial companies increased by 8.0 per cent during Q3FY25, compared to 5.5 per cent in the corresponding quarter a year ago. It was, however, 5.4 per cent in Q2FY25.
Seeking an apology from social media giant Meta for 'tarnishing' India's image, Bharatiya Janata Party MP Nishikant Dubey, who heads the Parliament's Standing Committee on Communications and Information Technology, said on Tuesday that the panel will summon the firm following its chairman's comments that India's ruling dispensation lost the Lok Sabha election last year.
Comedian Samay Raina has removed all episodes of his YouTube show "India's Got Latent" following a controversy sparked by influencer Ranveer Allahbadia's comments. Raina said he will cooperate with investigating agencies and apologized for the controversy. The show faced widespread criticism after Allahbadia's remarks about parents and sex went viral. The incident has led to police investigations and summons from the National Commission for Women.
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024).
Social media influencer Ranveer Allahbadia and other individuals associated with a YouTube reality show, "India's Got Latent, " face legal trouble after complaints were filed in Mumbai regarding offensive and vulgar content on the show. Two separate complaints, one with the police and another with a city court, were filed by members of the BJP and Congress, respectively. The complaints allege that the show promotes abusive language, vulgarity, and nudity. The YouTuber, with almost 16 million followers, has since apologized for his distasteful comments on parents and sex, which had sparked widespread outrage. The complaints seek action against Allahbadia, show host Samay Raina, fellow YouTuber Ashish Chanchlani, the show's makers, judges, and participants.
'Given a chance, more than 50 per cent of employees would switch to WFH as opposed to working from office.'
Institutional investments in Indian real estate have seen a strong start to 2025, with inflows reaching $ 1.3 billion in the first quarter - a 31 per cent year-on-year (YoY) increase. This growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the quarter. With $ 0.8 billion inflows, domestic investments saw a 75 per cent annual rise and were largely focused on industrial & warehousing and office segments.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
On September 20, a single bench of Justice A S Chandurkar held that the amended rules being vague and broad had the potential of causing a chilling effect not only on an individual, but also on the social media intermediary.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
Union Minister Raksha Khadse on Sunday lodged a police complaint regarding the harassment of her daughter and some of her friends by a group of boys at an event in Maharashtra's Jalgaon district.
'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'
The woman, identified as Fatima Khan, who has done B.Sc in Information Technology, resided in Ulhasnagar area of neighbouring Thane district of Maharashtra with her family members.
The newly-formed Delhi Cabinet in its first meeting approved the implementation of the Ayushman Bharat health insurance scheme in the national capital. The cabinet also decided to present 14 pending CAG reports in the first session of the assembly. Delhi Chief Minister Rekha Gupta said that the previous AAP government did not allow the health scheme in the city, preventing the people from availing its benefits.
Amid a spate of hoax bomb threats to multiple airlines, the IT ministry has asked social media platforms to observe due diligence obligations and promptly remove or disable access to misinformation within the strict timelines prescribed under IT rules.
The Centre's decision to block the entire social media account of 'Hindutva Watch' on the basis of certain alleged offending posts is 'disproportionate' and contrary to the law, social media giant 'X' has told the Delhi high court.
The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates. Five private equity (PE) investors that come on top on the criterion of deal size collectively put in $9 billion in the first half of 2024, surpassing their outlay for last calendar year, when it was $8 billion. At the top of the list is Swedish firm EQT, which acquired US-based and listed Perficient at an enterprise value of $3 billion, the deal being done by the Indian wing of the company. It has also added to its list by putting in $500 million in WSO2, a "software as a service" company, increasing its tally to $3.5 billion.
rediffGURUS -- who include JEE experts and career counsellors -- are currently helping guide engineering aspirants as they prepare for the upcoming entrance examinations.
His colleagues rushed him to the All India Institute of Medical Sciences in Nagpur where doctors pronounced him dead upon arrival, he said.
'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.
'A major IT services firm that previously had a demand of 1,000 to 2,000 employees now requires 7,000 to 8,000 -- a sizeable jump from the previous quarter.'
Rupee depreciation, if it continues, will likely pull the markets down further. Since September 2024, the rupee has declined by 3.1 per cent, the Nifty has dropped by 8.5 per cent during the same period, and the Sensex has fallen by 7.3 per cent. If the decline continues, markets will need to brace for more pain as it could push foreign portfolio investors (FPIs) to exit their positions faster than anticipated.
'Stay disciplined, and remain invested.' 'Volatile times are the best to invest in structural opportunities at the right price.'
As many as 54 professionals will be shortlisted for the SEBI Young Professional Programme.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
India and Qatar on Tuesday agreed to elevate their relationship to a strategic partnership and double bilateral trade to USD 28 billion over the next five years. Prime Minister Narendra Modi and Qatari Amir Sheikh Tamim Bin Hamad Al-Thani signed agreements and MoUs to strengthen economic cooperation, including a revised double taxation avoidance agreement. The strategic partnership will cover the "entire spectrum" of the bilateral relationship, including trade, energy security, and regional and international cooperation. Both leaders also discussed ways to further strengthen and broaden the energy partnership, including "exploring mutual investments." The Amir's visit provided an "excellent opportunity" for the top leadership of the two countries to discuss and "cement a strategic partnership for enhanced future cooperation."
Info Edge (India) topped expectations in its October-December quarter (Q3) results, posting strong revenue and profit growth. Its shares have rallied as much as 6.14 per cent in two days. The technology holding company's revenue rose 15.2 per cent year-on-year (Y-o-Y) to Rs 722.3 crore, driven by robust performance across its key verticals, particularly its recruitment business.
rediffGURU Radheshyam Zanwar counsels students about how to pursue a successful career in science, medicine and technology.
