French power equipment maker Alstom on Wednesday said it would set up an R&D centre in Bangalore and upgrade its Vadodara and Delhi operations as part of plans to make India its global manufacturing hub and exports base.
Some companies spend a lot on research and development to stay ahead in business.
The company has a pipeline of viral vaccines including Zika, dengue, varicella, as well as a potential Covid-19 inoculation.
The IPO rush will continue in September with two more companies Vijaya Diagnostic Centre and Ami Organics launching their initial share-sales on Wednesday to raise a total of Rs 2,465 crore. This comes after eight companies including Devyani International, Nuvoco Vistas Corporation and CarTrade Tech floated their initial share-sales last month to mobilise Rs 18,243 crore. So far in the current fiscal, a total of 20 companies have mopped up more than Rs 45,000 crore through IPOs. This is much higher than Rs 31,277 crore raised by 30 firms in the entire 2020-21.
The Skoda RS has been priced at Rs 13.23 lakh (ex-showroom, Delhi).
Business Intelligence software company SAS on Wednesday said it would double its headcount in R&D operations in India to 100 next year.
'The focus for value creation will be on all business segments.'
He said Sun Pharmaceutical will continue in manufacturing , infrastructure as well in Research and Development
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
For existing technologies, unless appropriate financing is available, deployment at scale is difficult.
TotalEnergies will acquire 25 per cent shareholding in Adani New Industries Ltd -- the firm that houses Adani Group's new energy business -- for an undisclosed amount, the two firms said in separate statements. "TotalEnergies has entered into an agreement with (Adani Group's flagship) Adani Enterprises Limited (AEL) to acquire a 25 per cent interest in ANIL," the French energy giant said.
Majority of respondents feel that the government in the forthcoming Budget will increase the standard deduction and give more incentives for housing loans.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
If the vaccine is recommended for use as a booster against Omicron, it may significantly boost the demand for Covishield in India.
"We commend your leadership and the proactive measures you and your government have taken to flatten the curve of the COVID-19 infection rate in India, such as adopting a national lockdown, expanding focused testing to identify hot spots for isolation, quarantining, and care, and significantly increasing health expenditures to strengthen the health system response and promote R&D and digital innovation," Gates wrote.
Nortel Networks, which has so far outsourced R&D worth Rs 1,000 crore from India over the past 5 years, is planning to increase its product research development work locally in the core areas of switching and enterprise voice.
Over the past year we have heard a lot about policy reforms to improve the ease of doing business in India.
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
The company claimed that its product is "three times better than remdesivir and that 'AAYUDH Advance starts where vaccines stop'."
South-east Asian countries are emerging as preferable destination for India's pharma companies to expand their business as they share similar patient population and disease profile and moreover, have a conducive environment for their operations like easy market approach without any regulatory uncertainty, the survey of Indian pharma firms highlighted.
According to software company Mavernir, the new virtualised networks would lead to a saving of 40 per cent in capex and 34 per cent in terms of lower operations cost for operators.
Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees. "This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter," said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. "Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months.
The company's Indian subsidiary, Nissan Motor India, is rapidly strengthening its research and development wing for the purpose.
Named after Satyajit Ray's famed detective, the Feluda test, which is priced at Rs 500 and can deliver a result in 45 minutes, is able to differentiate SARS-CoV-2 from other coronaviruses even if genetic variations between them are minute.
By 2030 India will be among top three countries in science and technology: PM
Highlights of Economic Survey 2020-21, tabled in Parliament by Finance Minister Nirmala Sitharaman on Friday.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
The Republic Day parade, which will begin at around 1030 am, will be a unique mix of the country's military prowess and cultural diversity, depicting the country's growing indigenous capabilities, Nari Shakti and emergence of a 'New India'.
The IT sector is confronted with a host of issues.
The IT sector is confronted with a host of issues.
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To focus on molecules at advanced stage of development; move to impact 200 scientists.
Sun Pharma to retain these in most markets; US could be the exception, where the Ranbaxy name has taken a hit.
The NPPA letter was issued to GSK on Wednesday.
The navy is pushing hard for IAC-2 to be a 65,000-tonne, flat deck carrier that is designed and built in India, with technical and tactical consultation from the US navy -- the global masters in aircraft carrier operations.
