Hyderabad: Biotechnology company GeneSys Biologics Pvt Ltd is planning to invest USD 50-60 million to set up a new large-scale recombinant bulk manufacturing facility in Genome Valley here for the production of insulin analogues. The insulin analogues (medical insulin that are altered forms of the human hormone insulin) will be produced in the recombinant bulk manufacturing…
New Delhi: The Indian Navy’s P8I maritime patrol aircraft on Thursday located a Chinese fishing vessel that capsized three days ago in the Indian Ocean, officials said. The position of the boat was “relayed” to China’s People’s Liberation Army (PLA) Navy warships for further assistance, they said. The Chinese vessel named ‘Lu Peng Yuan Yu 028’…
Mumbai: The Reserve Bank of India on Friday approved a Rs 87,416 crore-dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year. The dividend payout is significantly higher than the amount estimated in the Union Budget 2023-24 from the central bank and state-owned financial institutions. The government…
New Delhi: The Ghaziabad-Aligarh Expressway has made history by laying of bituminous concrete over a distance of 100 lane kilometers in an unprecedented time of 100 hours, an official statement said on Friday. The ministry of road transport and highways in a statement said this accomplishment highlights the dedication and ingenuity of India’s road infrastructure…
New Delhi: Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Friday asked foreign companies to invest in India’s petrochemical industry that presents huge business opportunities. Addressing ‘Asia Petrochemical Industry Conference 2023’, Mandaviya asserted that the Modi government is pro-farmer, pro-poor and is also industry-friendly. He said the government is making long-term policies for chemicals and petrochemicals…
New Delhi: Embracing digital transformation in response to the Covid pandemic, media company ZEE is focused on leveraging cutting-edge technologies to deliver personalised content experiences to global audiences, says Kishore A K, Chief Technology Officer (CTO) of Zee Entertainment Enterprises Limited. The pandemic, he said, increased demand for digital channels and streaming services, presenting an…
Mumbai: Malabar Gold and Diamonds on Friday said it has obtained a TRQ (Tariff Rate Quota) license from the Director General of Foreign Trade (DGFT). TRQ will help Malabar Gold and Diamonds in importing gold through the IIBX, under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), at reduced duty rates, the company said in a statement….
Mumbai: The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30. The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said in a statement. In order…
Lahore: An anti-terrorism court here on Friday approved pre-arrest bail for Imran Khan in three cases filed against Pakistan’s former prime minister after his arrest on May 9. While granting him bail till June 2, the Lahore anti-terrorism court (ATC) court also directed the 70-year-old Pakistan Tehreek-e-Insaf (PTI) chief to become a part of the…
London: The UK on Friday extended its package of sanctions against Russia with a ban on Russian diamonds, an industry worth USD 4 billion in exports in 2021, as well as imports of Russian-origin copper, aluminium and nickel and sanctioned 86 more people and entities linked with the country over the Russia-Ukraine conflict. British Prime…
