India's pharma, meditech exports expected to sustain momentum despite global slowdown: Official
India's pharmaceutical and meditech exports continue to grow despite global economic slowdown, with robust double-digit growth. Government-backed drug development initiatives have 16 blockbuster molecules in the pipeline for cancer, diabetes, HIV, and more. The industry is also expanding in imaging devices, body implants, and diagnostics. Key Points
Economic TimesJoe Biden, Donald Trump call each other liar, worst president, during presidential debate
They spar over the state of the economy, border, foreign policy, abortion and national security. President Joe Biden and his Republican rival Donald Trump... Key Points
The Tribune IndiaShooting at Detroit area water park leaves 9 people injured; 8-year-old boy shot in head, critical
Rochester Hills is about 24 km south of Oxford, where in 2021 a 15-year-old fatally shot four high school students. Eight people were injured, including an... Key Points
The Tribune IndiaReserve Bank of India hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore for better asset liability management
It takes several pioneering initiatives to encourage innovation in the fintech sector, one such key initiative being the global hackathon: ‘HaRBInger - Innovation... Key Points
The Tribune IndiaSome asset reconstruction companies bypassing norms, lack transparency: RBI
Reserve Bank Deputy Governor Swaminathan J has expressed concern over the increasing regulatory violations and warned Asset Reconstruction Companies (ARCs)... Key Points
The Tribune India
Infrastructural projects helping improve India's relationship with Africa: Indian corporate executive
Indian infrastructure projects in Africa have significantly enhanced ties between the two regions, according to S Kuppuswamy, a senior executive from the Shapoorji Pallonji group. He emphasized the importance of collaboration between Indian and US development finance institutions to ensure the swift execution of such projects and to counter China's influence in the region. Kuppuswamy highlighted the pride African nations take in Indian-built infrastructure, citing examples like Ghana's presidential palace. Key Points
Economic TimesL&T to exit Hyderabad Metro project, director blames 'free bus rides'
L&T owns 90 per cent of the Hyderabad Metro project while the Telangana government owns the remaining 10 per cent. The company has a 65-year concession to run the metro system. Key Points
India TodayCISF constable kills himself using his service rifle at Delhi's Nangloi Metro station
According to officials, the incident took place around 7am. The body of the deceased jawan, Shahre Kishore, was recovered from near the X-ray baggage scanner. Key Points
ThePrint30 detained for alleged 'smuggling' flee Lucknow airport, search operation launched
A total of 36 passengers from Sharjah were detained at the Chaudhary Charan Singh Airport. Cigarettes worth more than Rs 3 cr and Rs 23.90 lakh cash were seized from some of them. Key Points
ThePrintMission 2047: India charts road to a developed economy
India is setting near, medium, and long-term goals to become a developed economy by 2047, focusing on electric mobility, digitisation of payments infrastructure, and high-speed expressways. Central ministries will soon finalize five-year budgetary requirements for better financial management. Key areas include extended producer responsibilities, electronic waste recycling, soil surveys, farm output increase, youth skilling, speedier production from auctioned mines, and increased manufacturing output with lower emission intensity. Key Points
Economic Times
Govt not at a standstill due to polls, working to make India a $35 trillion economy by 2047: Piyush Goyal
Ahead of elections, Commerce and industry minister Piyush Goyal spoke on centres focus, trade, new-age companies and more. He said countrys growth to be based on twin pillars of being inclusive & sustainable. Key Points
Economic TimesChile Wants to Double Its Lithium Output to Avert Risk of Substitution in Batteries
For a global lithium industry still reeling from gluts along the battery supply chain, the greater long-term risk is producing too little of the metal rather than too much, according to the world’s No. 2 producer, Chile. Key Points
mintGovt initiatives, growing investment to create more job opportunities during decade: CEA
CEA V Anantha Nageswaran highlighted the government's initiatives and growing investments as drivers of job creation in the coming decade. He noted a positive shift from the last decade, with improved non-food credit growth and strong balance sheets for companies and banks. Nageswaran cited data showing job growth in manufacturing, services, and construction sectors, emphasizing the need for continued growth. He also mentioned government efforts in skill development, EPFO contributions, and infrastructure investment, while calling for simplifying regulatory and tax policies to further support business and job creation. Key Points
Economic TimesCentre to consider revoking AFSPA, plans to pull back troops from J-K in place: Amit Shah
Union Home Minister Amit Shah has indicated the central government's willingness to consider revoking the Armed Forces (Special Powers) Act (AFSPA) in Jammu and Kashmir. In an interview, Shah stated plans to reduce troop presence in the region, entrusting law and order responsibilities to the Jammu and Kashmir Police. He emphasized the government's commitment to hold assembly elections in Jammu and Kashmir before September, aiming to establish a democracy that includes broader participation beyond traditional political families. Key Points
Economic TimesCarlyle said to weigh $1 billion IPO for Indian IT firm Hexaware
At about $1 billion, it would be the biggest IPO in the country since Life Insurance Corp. of Indias in 2022, according to data compiled by Bloomberg. That companys shares slumped initially but have mostly recovered. Key Points
Economic Times
Harassment and drugs plagued a Citigroup division for years
A recent expose reveals a culture of harassment and discrimination within Citigroup's equities unit in New York. Interviews with 22 insiders describe a decade-long pattern of misconduct, including ogling female colleagues, rating them by looks, and discussing sexual conquests. Complaints to HR and senior executives yielded little change, with some alleged perpetrators still employed. Citigroup, known for its efforts towards inclusivity, faces scrutiny over its handling of the situation amidst ongoing efforts to boost its equities trading revenue. Key Points
Economic TimesINDIA bloc intact, will cross 272; PM's corruption pitch 'hollow': Jairam Ramesh
Jairam Ramesh criticizes Modi's corruption stance, confident in opposition unity for success. He addresses speculations on Rahul and Priyanka's candidacy, emphasizing the importance of opposition alliance against BJP in upcoming elections. Key Points
Economic TimesLS polls: Private eyes in demand as politicians snoop on rivals, colleagues
Private detective agencies play a crucial role in election campaigns by monitoring rivals, conducting background checks, and predicting electoral outcomes. With increasing demand, politicians rely on private eyes to gather crucial information for strategic advantage. Key Points
Economic TimesBig change is the only constant in eco: India Inc
India Business News: India’s economy is undergoing significant changes, driven largely by technology. Securing sufficient capital remains a major hurdle. New stars emergin Key Points
Times Of IndiaForeign students at Gujarat University attacked for offering namaz in hostel; 2 hospitalised
Foreign students assaulted at Gujarat University hostel for offering namaz. Students from Sri Lanka, Tajikistan hospitalized while FIR has been filed against 20-25 people. Security personnel formed teams to probe. Key Points
Economic Times
'Dead' PSUs have returned in new, profitable avatars: PM Modi attributes comeback to 'nation-first' policy
Government-owned companies have historically traded at discounts to their private peers. However, in the last couple of years, they have closed the gap, he said. Key Points
Business TodayIndia plans new population census, economic data improvements
India's government is set to enhance economic data quality by initiating a long-awaited population census, reviving business surveys, introducing uniform base years for key indicators, and updating the inflation calculation basket. Plans also include appointing an advisory panel and adjusting consumer spending patterns in official statistics. Key Points
Economic TimesPetrol, diesel prices fallen in India when global energy market in turmoil: Puri
Kolkata, Mar 13 (PTI) Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday said that prices of petroleum products have come down in India when the global energy market is in turmoil. Speaking at the Viksit Bharat programme here, Singh said that there has been turmoil in the global energy markets. “In India, prices […] Key Points
ThePrintPM Modi to witness tri-service exercise 'Bharat Shakti' in Pokhran today
PM Modi will witness 'Bharat Shakti', a defense demonstration showcasing indigenous capabilities, in Rajasthan's Pokhran on March 12. This includes a tri-services live fire and maneuvers. He will also visit Gujarat to launch projects worth over Rs 85,000 crore and flag off new Vande Bharat trains. Inaugurations include Gati Shakti multi-modal cargo terminals, rail coach restaurants, and 50 'Pradhan Mantri Bhartiya Janaushadhi Kendras'. Modi will also inaugurate the redeveloped Kochrab Ashram, showcasing Gandhian values. Key Points
Economic TimesIPR laws facilitator, booster, and not barrier in process of research & development: FM
India is pushing for IPR laws to support research and development. Finance Minister Nirmala Sitharaman praises the government's efforts and highlights the consolidation of different aspects of intellectual property rights. The government has reduced fees and introduced schemes to encourage patent registration. Key Points
Economic Times
This Contest Put Theories of Consciousness to the Test. Here’s What It Really Proved
A five-year “adversarial collaboration” of scientists led to a stagy showdown in front of an audience. It crowned no winners—but it’s still progress. Key Points
WIREDToo much regulatory guardrails could impede growth rate: Uday Kotak
Observing that the aspiration of the fast growth of 7.5-8 per cent GDP over the next 20-25 years needs significant capacity building, the veteran banker said, it also requires a sense of dreaming. It requires a sense of creativity, entrepreneurship, and professionals (need to be) ready to take risks without fear. Key Points
Economic TimesJaishankar cautions against threats created by AI & deepfakes
External Affairs Minister S Jaishankar cautions against the risks posed by developments like Artificial intelligence (AI) and Deepfakes, stating that these pose a threat to Indias national security. He emphasizes the need for peace, tranquillity, and infrastructure development in the border areas amidst the China challenge. Key Points
Economic TimesIndia aiming to achieve one-third of the global milk production by 2030: Official
NDDB aims to increase India's share in global milk production to one-third by 2030. Focus on breeding, nutrition, animal health, and animal productivity. Government of India and NDDB working together. NDDB forms joint venture in Assam. Working on increasing procurement and capacity of WAMUL, using renewable and solar energy sources. Emphasis on holistic development. Key Points
Economic TimesUnited Flight from London diverted to Maine because of disruptive passengers
The plane, which originally had 150 passengers, later completed its trip to New Jersey. A United Airlines flight travelling from London to Newark, New Jersey,... Key Points
The Tribune India
After Nithin Kamath's stroke, his close associate has a message for those who do 10,000 steps a day
Dilip Kumar, a close associate of Zerodha CEO Nithin Kamath, emphasizes the distinction between fitness and health. Being fit doesn't guarantee health, he said urging a balancing fitness and healthy living. Key Points
Economic TimesBudget phones with AI features could be just months away
Chipmakers Qualcomm and MediaTek are already working on it. Both the companies are working on chipsets that can be fitted in budget phones and can provide generative AI capabilities in a hybrid model of on-device and cloud processing. Key Points
Economic TimesScientists find new hack to deal with a warming planet; Here's how
Government scientists propose injecting ice high in the upper atmosphere to reduce water vapor, a greenhouse gas, as a potential method to counteract human-caused warming. However, the idea is still in the early stages of research and not currently implementable. Key Points
mintPoliticos seek services of AI for ayes
This (elections in 2024) will touch 4 billion out of 9 billion people on the planet, said Jaideep Kewalramani, head of employability business at TeamLease EdTech. The AI opportunity could be a $50-60-billion opportunity globally and a $1-2-billion opportunity in India alone. Key Points
Economic TimesIndia says Red Sea attacks add urgency to Middle East trade route
India's ambassador to the UAE, Sunjay Sudhir, highlighted the need for an alternate trade route due to the volatile situation in the Red Sea. He mentioned the India-Middle East-Europe Economic Corridor (IMEC) as a solution, aiming to establish an alternate supply route. I Key Points
Economic Times
Expect foreign authorities to act against Khalistani activists: Jaishankar
Jaishankar said freedom of speech cannot extend to intimidating diplomats. This is not freedom of speech, this is misuse of freedom of speech,” he said. | Latest News India Key Points
Hindustan TimesThe fall of red wine's health halo: Unraveling the truth behind the myth
A retrospective look at the health halo surrounding red wine, once touted for its potential cardiovascular benefits, reveals a shift in scientific understanding. Initially fueled by studies suggesting moderate consumption could reduce heart disease risk, subsequent research debunked these claims. Key Points
Economic TimesSmartwatch may help boost treatment for depression
Alterations in the pattern of sleep—too much or little—can be symptoms of depression, as can lack of physical activity and social isolation. Smartwatches may... Key Points
The Tribune IndiaGen AI may not lead to job losses but can shift demand curve, says S&P Global Market Intelligence Presiden
India is due to hold a general election in April-May, whereas the US will hold its presidential election in November. In the case of India, Deepa Kumar, head, Asia-Pacific Country Risk, S&P Global Market Intelligence, said the goal for the newly elected government will be to carry forward the structural momentum put in place by the outgoing regime. Key Points
Economic TimesAs a leader, India must ensure a successful meet: WTO DG Ngozi Okonjo-Iweala
India, Brazil and South Africa are the troika of the G20, the WTO DG said. “We hope they will work together to ensure MC13 is a success... the entire package… not one issue or the other… it is across the board,” she told ET. “Not just G20, they are also BRICS (members)… they should support the UAE to ensure the UAE is a successful host, like it was for COP28,” she said, referring to the climate summit held late last year in Dubai. Key Points
Economic Times
Three houses burnt in Imphal, policemen’s guns snatched
Three houses burnt in Imphal, policemen’s guns... Key Points
The Tribune India4 Dalit men hung upside down from tree, beaten up over suspicion of stealing goat, pigeons in Maharashtra
4 Dalit men hung upside down from tree, beaten up over suspicion of stealing goat, pigeons in... Key Points
The Tribune IndiaStartup launches AI-backed education, health, and edutainment content service
Kolkata, Feb 18 (PTI) A start-up has recently announced that it will provide curated education, health, and edutainment services targeting specific needs using artificial intelligence. The start-up platform called Ascend, which is backed by the Accolade Group, claims to be the first knowpedia (Knowledge pedia). “We are the world’s first knowpedia and, currently, focused on […] Key Points
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