Indian pharma companies gearing up to grab opportunities in global supply of oral COVID-19 drugs, observes GlobalData 

Indian pharma companies have already occupied pole position in the supply of repurposed COVID-19 drugs globally. With the launch of new innovative COVID-19 oral drugs, Indian companies are again expected to grab opportunities in the global supply of oral COVID-19 drugs, says GlobalData, a leading data and analytics company.  Several countries are observing increasing cases of COVID-19, irrespective of the mass population being vaccinated. Hence, they have started booking supply orders for innovative COVID-19 treatments like antibody cocktails, monoclonal antibodies and the latest addition to these treatments is the approval…

Tripartite Settlement of MOIL Signed

In a major development, tripartite settlement for wage revision of Manganese Ore India Ltd. (MOIL) workers was signed between management of MOIL and the representatives of the recognized union, in presence of Chief Labour Commissioner, Government of India, in a high level function organized at Shram Shakti Bhawan, yesterday.  This wage revision is for 10 years’ duration w.e.f 01.08.2017 up to 31.07.2027, benefitting close to 6,000 company employees.  It is based on an MOU arrived at between management and recognized union of MOIL i.e. MOIL Kamgar Sanghatan (MKS).  The proposal includes fitment benefit…

Samsung Electronics Ranks No 1 In Latin American Smartphone Market

Seoul November 17 (Global Economic): Samsung Electronics maintained Its Number One Position In The Latin American Smartphone Market In The Third Quarter. However, Its Market Share Fell To Around 30 Per Cent Due To The Increased Sales Of Chinese Companies Such As Xiaomi, ZTE, And Oppo. According To ‘Marketpulse,’ A Monthly Smartphone Sales Report Released By Global Market Research Firm Counterpoint Research On November 15, Samsung Electronics Topped The Latin American Smartphone Market With 37 Per Cent Of Market Share. But The Market Share Decreased By 5 Per Cent From…

2.5 times hike in loans to MSMEs in Uttar Pradesh

UP chief secretary RK Tewari and additional chief secretary Navneet Sehgal at Trade Fair in DelhiLUCKNOW: UP chief secretary RK Tewari on Sunday said the loans disbursed to the MSME units in the state rose by 2.5 times in the past 4.5 years.Inaugurating UP Pavilion “India International Trade Fair-2021” at Pragati Maidan in New Delhi, Tewari said loan disbursment to MSME grew from Rs 28,136.00 crore in 2016-17 to Rs 73,765.00 crore loan in 2020-21.He said that UP ranks first in the country in terms of establishment of MSME units. About 90…

‘Make in India’, ‘GatiShakti’ schemes likely to be critical drivers of growth in the sector, Says Steel Minister;

A meeting of the Consultative Committee of the Members of Parliament for the Ministry of Steel was held today at Kevadiya, District Narmada in Gujarat on the subject “Steel Usage”. The meeting was chaired by the Minister of Steel Shri Ram Chandra Prasad Singh. Welcoming the members, the Minister said that Steel has been playing an important role in the industrial development of India, as it is a key input for critical sectors such as Infrastructure, Construction, Engineering & Packaging, Automobile and Defence. India has become the world’s second largest producer…

Reliance Retail announces the acquisition of lingerie brand ‘amante’

Reliance Retail Ventures Limited (RRVL) has announced the 100 percent stake of retail lingerie businesses under the ‘amante’ umbrella brand from MAS Brands for an undisclosed amount. The MAS Brands is a wholly-owned subsidiary of Sri Lanka-based MAS Holdings. RRVL is the retail arm of Mukesh-Ambani-led Reliance Industries Ltd. The ‘amante business’ was established by MAS in 2007 and is engaged in retail and wholesale distribution of premium lingerie under brands ‘amante’, ‘Ultimo’ and ‘every de by amante’. The products are sold across India and Sri Lanka through company-owned stores and multi-brand…

Index Numbers of Wholesale Price in India for the month of October, 2021(Base Year: 2011-12)

The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) is releasing Index numbers of wholesale price in India (Base Year: 2011-12) for the month of October, 2021 (Provisional) and for the month of August, 2021 (Final) in this press release. Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country.…

Health Sector Grant of Rs.8,453.92 crore released to Local Bodies of 19 States

The Department of Expenditure, Ministry of Finance has released an amount of Rs.8,453.92 crore as health sector grant for rural and urban local bodies of 19 States.  The grants have been released as per the recommendations of the Fifteenth Finance Commission.  State-wise amount of grant released is enclosed. The Fifteenth Finance Commission (FC-XV) in its Report for the period from 2021-22 to 2025-26 has recommended a total grant of Rs.4,27,911 crore to local governments. The grants recommended by the Commission inter-alia  include health grants of Rs.70,051 crore.  Out of this…

Clearance of Made in India anti-covid medicine just days away  

Dr Ram Vishwakarma, Chairman of the Covid Strategy Group, CSIR has informed that Emergency Use Authorisation for the Merck drug Molnupiravir, which is an oral antiviral medicine for the treatment of mild-to-moderate COVID-19 could be cleared for use in a few days’ time.  The medicine is meant for adults who are at risk for progressing to severe COVID-19 or hospitalization. Another pill from Pfizer, Paxlovid, may take some more time.   “The two drugs will make a difference and as we move from pandemic to endemic, these are the ones…

The United States of America becomes the 101st member country of the International Solar Alliance

In a big boost to accelerate global adoption of solar energy, John Kerry, U.S. Special Presidential Envoy for Climate announced at the UNFCCC COP26 today that the United States of America (USA) has joined the International Solar Alliance (ISA) as a member country. U.S becomes the 101st country to sign the framework agreement of the ISA to catalyze global energy transition through a solar-led approach.  Welcoming the United States of America as the 101st member of the ISA,Union Minister for Environment, Forest & Climate Change, Shri Bhupender Yadav said, that…