Joe Mathew

4 days ago | fortuneindia.com | Joe Mathew

Danish biopharma major Novo Nordisk has launched its global blockbuster obesity drug Wegovy (semaglutide injection) in India. Semaglutide belongs to the glucagon-like peptide-1 (GLP-1) receptor agonist class, a category that is redefining obesity treatment worldwide. The launch of Wegovy comes three months after US pharma major Eli Lilly and Company (India) introduced its GLP-1 drug Mounjaro in a single-dose vial in the Indian market.

5 days ago | fortuneindia.com | Joe Mathew

The Federation of Indian Export Organisations (FIEO) is anticipating a short-term impact on demand and logistics due to the ongoing Israel–Iran conflict. The government and industry are jointly monitoring developments to ensure minimal disruption, says S. C. Ralhan, President, FIEO. “While geopolitical tensions in the Middle East, including the ongoing Iran–Israel conflict, pose certain challenges to global trade dynamics, India’s export sector remains resilient and adaptive.

6 days ago | fortuneindia.com | Joe Mathew

The Department of Telecommunications (DoT) plans to review India’s Public Procurement (Preference to Make in India), or PPP-MII, policy to attract more manufacturers of electronics and telecom products to the country. The country’s limited component ecosystem poses challenges in achieving the 50–60% local content prescribed for such products under the PPP-MII policy, thereby disqualifying several potential players, the DoT states, citing multiple reports.

6 days ago | fortuneindia.com | Joe Mathew

Last week, India’s top car maker Maruti Suzuki was in news for deciding to cut its electric vehicle production targets for the near term because of the shortage of some rare earth components that are essential part of electric motors, braking systems, etc. The scarcity for these critical parts was the result of a global export curb announced by China on rare earth minerals and value-added products. China has near monopoly on the supply of these materials.

1 week ago | fortuneindia.com | Joe Mathew

The three technically qualified bidders shortlisted by IN-SPACe were: Alpha Design Technologies Ltd., Bengaluru (leading a consortium with Agnikul Cosmos and Walchand Industries Ltd.); Bharat Dynamics Ltd., Hyderabad (leading a consortium with Skyroot Aerospace, Keltron and BHEL); and Hindustan Aeronautics Ltd., Bengaluru (applying independently, not as part of a consortium).