India’s June infrastructure output grows 8.9% y/y

India’s infrastructure output in June rose 8.9% year-on-year, compared with 16.8% in the previous month, government data on Friday showed. Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output, rose by 25.3% on year in the first quarter of the fiscal year beginning in … Read more

Evrysdi has ushered a new journey of hope for patients living with SMA in India: V Simpson Emmanuel

Evrysdi is a disease modifying therapy that has to be taken for life. Globally, 60% of kids born with Spinal Muscular Atrophy (SMA) every year suffer from SMA Type 1. 68% of the children with type 1 SMA die before their second birthday and 82% of the children with type 1 SMA die before their … Read more

The quest for perfect democracy applies to the US as much as it does to India: Foreign minister Jaishankar

External Affairs Minister S Jaishankar on Wednesday enunciated a three-point template in response to his US counterpart Antony Blinken’s references on challenges to democracy. This template was announced by Jaishankar at the joint presser following his dialogue with Blinken. “The quest for perfect democracy applies to the US as much as it does on India. … Read more

India’s GDP growth lower than Bangladesh’s, inappropriate to compare two economies: Govt to Parliament

Minister of State (independent charge) for statistics and programme implementation Rao Inderjit Singh told Lok Sabha that though the gross domestic growth (GDP) growth rates of India’s economy are less than those of Bangladesh during 2017-2020, such comparison of economies of significantly different sizes may not be appropriate. “India has been registering a fair GDP … Read more

At least 180 dead in India as rains trigger floods, landslides

At least 38 people were killed in Taliye, 180 kilometers (110 miles) southeast of the financial capital Mumbai, when a landslide flattened most of the small village, state government officials said. The death toll also includes 27 reported deaths from Satara district in the last 48 hours, a representative from the state’s Disaster Management, Relief … Read more

Indian IVF industry on firm growth trajectory to become the IVF capital of the world

The Indian IVF industry is a potential USD 12 million market that is growing at a steady CAGR of 20% Year on Year (YoY). By Vinesh Gadhia July 25 is celebrated as World IVF Day across the globe to commemorate the essence and significance of IVF in infertility treatment.  This year it has been 43 … Read more

India’s weekly business activity falls after two months: Nomura

There was a slight weekly wobble in business resumption activity last week and the Nomura India Business Resumption Index (NIBRI) registered its first weekly fall in over two months, the Japanese brokerage said in a report on Monday. The NIBRI fell to 95.3 for the week ending July 25 from the recent high of 96.4 … Read more

Extend transfer pricing timelines due to Covid: Multinationals and their tax advisors tell government

The revenue department has started issuing notices to several multinationals to comply with the transfer pricing timelines after many multinationals and their tax advisors missed filing deadlines assuming that the extension of timelines due to Covid-19 pandemic applied to transfer pricing assessment as well. Some of the tax advisors have also reached out to the … Read more

Smartphone shipments in India fell 13% on-quarter as Chinese firms maintain their stronghold

Pedestrians walk past a Xiaomi Corp. store and a Samsung Electronics Co. store in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images Smartphone makers shipped about 32.4 million devices in India between April and June, according to research firm Canalys. That was about 13% fewer handsets shipped compared with the previous three months. A … Read more

US says India ‘remains challenging place’ to do business, urges to minimise bureaucratic hurdles

India “remains a challenging place” to do business, the US has said, urging it to foster an attractive and reliable investment climate by reducing barriers to investment and minimising the bureaucratic hurdles. The State Department, in a report ‘2021 Investment Climate Statements: India’ released on Wednesday, said that India “remains a challenging place to do … Read more