Author: NNI Editor
Photo: Special Arrangement An active pharmaceutical ingredients (API) manufacturing facility of Dr. Reddy’s Laboratories in Hyderabad inspected last year by the United States Food and Drug Administration (U.S. FDA) has since been classified as Voluntary Action Indicated (VAI) by the agency. “The U.S. FDA has classified the inspection as VAI and concluded that the inspection is closed…,” the generic drugmaker on Tuesday (February 25, 2025) said in an update to the stock exchanges on the inspection of the API manufacturing facility (CTO-2) in Bollaram, Hyderabad.The U.S. FDA had conducted the GMP inspection from November 13-19 and issued a Form 483 with…
Tata Sons Chairman N. Chandrasekaran speaks during the Advantage Assam 2.0 Investment & Infrastructure Summit 2025, in Guwahati, on February 25, 2025. | Photo Credit: PTI Tata group chairman Natarajan Chandrasekaran on Tuesday (February 25, 2025) said the company will invest around ₹25,000 crore in a large electronics manufacturing unit in Assam over the next few years.He added that the company will collaborate with the State government in the green energy sector, focusing on solar rooftops and renewable energy generation.Speaking at the inauguration of the Advantage Assam business summit, Mr. Chandrasekaran said, “The Tata group has a long and significant…
After striking an $8.5-billion media merger with Walt Disney, billionaire Mukesh Ambani is targeting small businesses and promoting unconventional neuroscience studies to boost its revenues from the IPL, the world’s most valuable cricket league.The pricey broadcast rights for the Indian Premier League (IPL) and other cricketing events which cost Disney and Reliance nearly $10 billion in recent years, are set to weigh big on the merged group, which is India’s biggest entertainment giant.Battling competitors Netflix and Amazon in the $28-billion market, the Reliance-owned venture is holding a month of closed-door seminars in seven Indian cities to woo small companies to…
Order a Coke to wash down some hummus in the Israeli-occupied West Bank these days and chances are the waiter will shake his head disapprovingly — or worse, mutter “shame, shame” in Arabic — before suggesting the popular local alternative: a can of Chat Cola.Chat Cola — its red tin and sweeping white script bearing remarkable resemblance to the iconic American soft drink’s logo — has seen its products explode in popularity across the occupied West Bank in the past year as Palestinian consumers, angry at America’s steadfast support for Israel in its war against Hamas in Gaza, protest with…
Image used for representative purpose only | Photo Credit: V. Sudershan The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the U.S. dollar on Tuesday (February 25, 2025) due to month-end dollar demand by importers amid uncertainty over U.S. trade tariffs.Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said.At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close.The local unit had settled at 86.72…
National Stock Exchange (NSE) building. File. | Photo Credit: Special Arrangement Benchmark BSE Sensex recovered 147 points in a range-bound trade on Tuesday (February 25, 2025), ending its five-day slide on the back of buying in financial and FMCG shares.The 30-share BSE benchmark Sensex climbed 147.71 points or 0.20% to settle at 74,602.12 with 17 of its constituents ending higher and 13 lower. During the day, it rallied 330.67 points or 0.44% to 74,785.08.The broader Nifty of NSE, however, fell for the sixth day slipping by 5.80 points or 0.03% to finish at 22,547.55 due to fag-end selling in pharma,…
Ashwin Yardi, CEO of Capgemini Technology Services India at the Nasscom Technology and Leadership Forum 2025 in Mumbai on February 25, 2025. | Photo Credit: Reuters Joining the debate on working hours, IT services company Capgemini India’s chief executive Ashwin Yardi on Tuesday (February 25, 2025) advocated 47.5 hours work per week, and was against sending e-mails to employees on weekends.He was speaking at Nasscom Technology and Leadership Forum (NTLF) here. “Forty seven and half hours. We have about nine hours a day and five days a week,” Mr. Yardi said replying to a question on the ideal time to…
Decent work is a key part of the United Nations’ 2030 Agenda for Sustainable Development. | Photo Credit: Sreenivasa Murthy V With unemployment rates skyrocketing in recent years, finding a workspace, let alone a suitable workspace, has become extremely difficult. What is a suitable workspace, though? How do we identify whether the employment opportunity we have obtained is decent work or not?Decent work refers to access to employment opportunities that respect the basic fundamental rights of an individual while adhering to the workers rights, fair income, workplace safety, and social protection. It’s a key part of the United Nations’ 2030…
The manufacturing of the Chikungunya vaccine at BE is expected to generate up to 300 new jobs. | Photo Credit: Special Arrangement Vaccine firms Biological E. and Bavarian Nordic have formed a strategic partnership to expand access to the latter’s Chikungunya vaccine in low and middle income countries. Initially, they have entered into a contract manufacturing agreement to allow for scaling of capacity towards enabling future supply to endemic LMIC countries. The agreement comprises a technology transfer of the current drug product manufacturing process for the chikungunya vaccine, with an option to transfer the drug substance process at a later stage,…
Watch: Ambani, Adani to invest Rs. 50,000 crore each in Assam Source link