Industry News

AstraZeneca Acquires Pfizer’s Rare Disease Gene Therapy Business.

A subsidiary of AstraZeneca, Alexion, will take over Pfizer’s Rare Disease Gene Therapy for USD1 Billion.

Volunteer Efforts Mitigate Plastic Waste Crisis: Removal of Tons of Rubbish from Hungarian River

Numerous muddy plastic bottles, sizeable fragments of Styrofoam, and an assortment of waterlogged debris now lay heaped upon a flatbed trailer nestled along the Tisza River''s banks in Hungary.

Digitalization Drives Era of Growth for Small and Medium Businesses in India

In recent times, digitalization has emerged as a driving force behind the exponential growth of small and medium businesses (SMBs) in India.

India''s Restriction on Rice Exports Causes Panic Buying in the United States

Panic buying among the Indian diaspora and other Asian communities across the US has been brought on by the export prohibition on non-basmati white rice.

Unchained Labs expands its focus on lipid nanoparticles with the acquisition of Blacktrace Holdings

With the acquisition of Blacktrace Holdings, Unchained Labs now has three brands in its product portfolio, including Lipid nanoparticle (LNP) formulations.

Unlocking Untapped Potential: Telecom Equipment Shifting Redefines Rural Connectivity for Telecom Service Providers

Unlocking Untapped Potential: Telecom Equipment Shifting Redefines Rural Connectivity for Telecom Service Providers

UK Affirms Ban on Petrol Cars from 2030

The British government has pledged to stick with a ban on new petrol and diesel cars from 2030 to reassure electric car companies and investors after Prime Minister Rishi Sunak appeared to waver on the policy in recent days.

Oil Rises to USD80 as Demand Outlook Improves

Oil rose to the most elevated since April 2023, as signs of financial strength within the US improved in the viewpoint for request.

Joint Venture of Reliance Industries in Data Center Industry

Reliance Enterprises Ltd (RIL) is joining hands with Brookfield Foundation Accomplices Lp and Digital Realty Trust Inc. in a three-way venture for setting up special purpose vehicles (SPVs) aimed at developing data centres in India.

Torrent Power Ltd. (TPL) Launches Public EV Charging Stations in Collaboration with Siemens to Expand National Network

In a strategic move to tap into the burgeoning electric vehicle (EV) market, Torrent Power Ltd. (TPL), a leading multibagger power generation company, has unveiled its ambitious plan to roll out a network of public EV charging stations across the country.

Hero Future Energies Signed MOUs Worth USD 744 million to Develop Upcoming Renewables Projects Across the Nation

On 25th July 2023, The Memorandum of understanding was signed on the sidelines of the 4th G20 Energy Transition Working Group (ETWG) meetings at Goa.

Eli Lily Announces Acquisition of Sigilon Therapeutics Inc.

Eli Lily has announced its definitive agreement to acquire Sigilon Therapeutics Inc to boost potential for its cell therapies for diabetes.

FDA Approves the First Monoclonal Antibody Beyfortus

FDA approves Beyfortus (nirsevimab-alip) to protect infants against RSV disease.

India's Path to Technological Sovereignty: Unveiling the 40nm Semiconductor Fabrication Unit and Pioneering Compound Fab Proposals

In a bold move to bolster its electronics manufacturing capabilities and reduce reliance on imports, the Indian government is poised to announce the establishment of a cutting-edge 40nm semiconductor fabrication unit.

Novartis AG Acquires DTx Pharma Inc.

The acquisition of DTx Pharma Inc, by Novartis AG, helps it in expanding in RNA-based therapeutics by adding DTx Pharma’s FALCON platform to the Novartis siRNA toolkit

Double–Digit Volume Growth to Rise the Revenue by Up to 18% - UltraTech Cement Quarter 1 Review

one of the major market players in the “Cement” Industry named Ultra Tech Cement, clocked double-digit volume growth in the first quarter (Q1), which is expected to drive the revenue higher despite lower realisation.

Sanofi makes a in collaboration with Scribe worth USD1.2 billion in Sickle Cell Disease and Genomic Diseases

The latest deal between Sanofi and Scribe’s for the development of In Vivo Gene therapy focuses on in vivo Crispr editing for sickle cell disease.

Shell, PTTEP dial up Sarawak Drilling with Noble Rig

Shell and PTT Exploration and Production (PTTEP) have decided to expand their platform engagements in Malaysia. Noble Corp. announced that Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) have pursued three single-well options for the drillship Noble Viking.

QuidelOrtho’s Faulty Heart Attack Blood Test Hits Class I Recall by U.S. FDA

QuidelOrtho, a California based manufacturer of diagnostic healthcare products, has witnessed a Class I recall on faulty blood tests that helps doctors in identifying if a patient is at risk of having a heart attack.

Greater Chennai Corporation considers new waste management initiatives

The Greater Chennai Corporation (GCC) is considering introducing measures taken by Rome, Paris and Barcelona to improve the city's Waste Management System (SWM).