Bilateral reset: India, Canada explore new growth avenues as ministers meet; clean tech and minerals on focus

Commerce and Industry Minister Piyush Goyal on Saturday held discussions with his Canadian counterpart Maninder Sidhu on strengthening economic cooperation, signalling a possible thaw in bilateral trade relations that had soured in recent years.“We discussed ways to find mutually beneficial opportunities for our businesses to capitalise on the complementarities offered by our two economies. I…

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Pharma expansion: Natco to acquire major stake in South Africa’s Adcock Ingram, firm to go private

India’s Natco Pharma will acquire significant stakes in South African pharmaceutical giant Adcock Ingram in a deal valued at R4.2 billion, paving the way for the 135-year-old firm to become a privately held entity jointly owned by Natco and Bidvest, which will remain the majority shareholder.The decision followed a meeting of Adcock Ingram shareholders that…

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Marine growth: India must scale up mariculture to 25 lakh tonnes by 2047; says CMFRI Director

India needs to boost mariculture production to 25 lakh tonnes by 2047 from the current 1.5 lakh tonnes to meet the country’s rapidly growing seafood demand, CMFRI Director Grinson George said on Saturday.Speaking at the launch of a training programme for fish farmers under the central government’s Pradhan Mantri Dhan Dhanya Krishi Yojana (PMDDKY), George…

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RBI leadership: Sonali Sen Gupta appointed new Executive Director; to oversee consumer, financial inclusion and inspection departments

The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED), effective October 9, 2025, the central bank said in an official release. Sen Gupta was earlier the Regional Director for Karnataka at the RBI’s Bengaluru office, according to ANI. With over three decades of experience at the central…

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Ford Chennai plant plans in flux: US tariffs prompt strategic rethink; investment shift eyes Europe

US auto major Ford is revisiting its strategy for the Maraimalai Nagar plant near Chennai, with top executives expected to hold a meeting to decide the facility’s future, people familiar with the matter told ET. “The Trump tariffs have made the company reassess the financials underlying the original plan,” one source said. The company could…

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Lower drug prices for Americans! Trump seals deal with AstraZeneca; some medicines at discounts of up to 80%

US President Donald Trump on Friday announced reaching a deal with AstraZeneca, which would lower the cost of some prescription drugs for millions of Americans.The agreement will see the company sell certain medicines at reduced prices to the government’s Medicaid health plan in exchange for tariff relief. This follows a similar arrangement made with Pfizer…

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Indian IT sector hit by ‘silent layoffs’: 50,000 people may lose jobs this year; what’s driving the widespread firings?

The technology services sector is witnessing a fundamental transformation from personnel management to competency-based organisation. (AI image) The Indian IT sector has been hit by a wave of what experts are calling ‘silent layoffs’! These firings may lead to as many as 50,000 people losing their jobs in the IT sector by year-end.Whilst precise dismissal…

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Trump’s 100% tariffs on China: For India, the message is clear – No deal with US is ever final, says GTRI

India should be careful in its negotiations with the US and should focus on its self-reliance rather than depending on Washington, Global Trade Research Institute (GTRI) said in a report. In a report titled “Trump’s tariff offensive hits a rare earth wall,” the think tank analysed the impact of Trump’s recently imposed tariffs on China…

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