Wockhardt on Monday said the pay-off of its two-decade old research into antibiotics looks within striking distance, as its drug to treat superbugs is expected to hit the US market somewhere in 2020-21.
The company on Friday said it plans to spend about USD 80 million in next two years as it prepares to take the lead biosimilar molecule bevacizumab into clinical trial.
R&D has a significant role to play when it comes to improving individual and institutional performance, and the Indian SME sector is no exception to this rule.
India-based auto parts manufacturers have done very well in the past decade but a comparatively low productivity is holding India back, according to a World Bank report.
"The plan is to keep doing what we do. We have 20,000 people in the country," Tricoire said, adding that the company has developed in India at a break-neck pace.
It will have 500 employees, and will focus on developing computer hardware, communications, audio and video equipment, consumer electronics technology and information technology, state-run People's Daily reported.
The company has four plants in Ludhiana and one Manesar and two in Noida. Metro Tyres today announced foray in the two-wheeler radial tyre segment and aiming for 10 percent of market share in the next 2-3 years.
The Parliamentary Standing Committee on Coal and Steel also called for setting up of a coordinating mechanism to ensure effective utilisation of R&D results to boost effective and efficient mining practices.
The committee found that at the present rate of per KWH power in the country, domestic steel producers are at a disadvantage of Rs 800-900 per tonne as compared to steel producers in China, Japan and Korea.
"If the gross domestic product (GDP) is around 7-8 percent for the country and pharma sector grows at 10-12 percent, Lupin can grow at 18 percent going ahead on the back of its strong strategies," says S Ramesh, CFO of the company.
International Finance Corporation is looking to invest up to USD 75 million (around Rs 500 crore) in Glenmark Pharmaceuticals, which is planning to raise USD 200 million to reduce debt and expand operations
The company also said that the pharma major will continue to build speciality business which could impact short term profitability. It also cautioned that it could lose anywhere between 5-10 percent due to pricing pressure and peer consolidation in the US.
IT-BPM industry body Nasscom on May 13 said the government's "single umbrella approach" with the new national intellectual property rights (IPR) will help entrepreneurs leverage linkages between various IP offices.
"Fiscal policy can play an important role in stimulating innovation through its effects on research and development (R&D), entrepreneurship, and technology transfer," the IMF said in a report ahead of its twice-yearly meeting in Washington in April.
CNBC-TV18 learns from sources that the Department of Heavy Industry is planning to write to the Finance Minster opposing this move, arguing that this will hurt the â€˜Make in India‘ campaign and wants the R&D exemption to stay for this sake.
In an interview to CNBC-TV18, Ashok Atluri, Promoter of Zen Technologies says the company is looking for a 24 percent strategic partnership with a company that could increase the overall value of the company to Indian armed forces.
In an interview to CNBC-TV18, Srinivasan HR, vice chairman & managing director, shares his views on the company's business outlook.
Micromax is looking at beefing up investments in research and development of its products and services as well as invest in start-ups to stay competitive against rivals like Samsung and Xiaomi.
With a current double digit growth, Avaya is all prepared to cash on India's growth story and is proposing "smart foundation" for smart cities, banking on its Fabric Network Connect technology. Kennedy is hopeful that Indian market will help Avaya in its aspirations.
The company has already invested about Rs 600-700 crore over the last four-five years in the Baramati plan, said Baba Kalyani, chairman and managing director of Bhara Forge.
The Chinese Solar Components sector saw a cumulative export of 15.6 Billion USD in 2014 and top 10 manufacturers of solar components in the world are from China.
You cannot strip down versions of European products and introduce them in India, VK Viswanathan tells Forbs India.
Apollo Tyres has opened a new global research & development centre for car and van tyres at Enschede, the Netherlands.
Yigal Erlich, the founding father of Israel’s R&D ecosystem, talks about his country’s experience in fast-tracking innovation.
The wheels have been set in motion to win back some of the finest minds of Indian origin to align forces with their country of origin