Indian pharma goes local for APIs, strives to end dependence on China : Bulletin: Business Today
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Indian pharma goes local for APIs, strives to end dependence on China

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Rashi Bisaria | February 24, 2021

Patanjali's Coronil not to be sold in Maharashtra without 'proper certifications'

The sale of Patanjali's Coronil tablets will not be permitted without "proper certifications" in Maharashtra, said the state's Home Minister Anil Deshmukh on Tuesday. Deshmukh's statements come a day after the Indian Medical Association (IMA) expressed shock over Patanjali's claims of getting WHO certification for Coronil tablets, which it says is an evidence-based medicine to fight COVID-19.

Uttarakhand flash floods: 136 missing persons to be declared dead for early compensation

The Uttarakhand government on Monday issued a notification to declare dead 136 persons missing after the flash floods in Chamoli district to make it easier for the affected families to get early compensation. The missing persons will be presumed dead after the notification and the state government has begun the process to issue death certificates for them. Rescue teams have so far found 68 death bodies after the glacier burst and subsequent flooding of Alaknanda and Dhauliganga rivers on February 7

Adani Enterprises, EdgeConneX join forces to provide data centre solutions in India

Adani Enterprises and global data centre operator EdgeConneX have formed a 50:50 joint venture (JV), AdaniConneX, to provide data centre solutions in India. Both the organisations are committed to investing significant capital into the JV over the next decade to build India's leading green data centre platform and address the rapidly growing need for high-quality and reliable IT infrastructure.

Indian pharma goes local for APIs, strives to end dependence on China

Indian drug companies are looking to local makers of so-called active pharmaceutical ingredients (API) or trying to make them in-house in a bid to end their reliance on China as ties between the two countries soured after a deadly border clash last June. Executives at India's CadilaHealthcare,Cipla, SunPharmaceutical , said on Tuesday they were aggressively working on reducing the dependence on the richer rival for raw materials.

Indian economic recovery entered consolidation phase in January: ICRA

After registering strong growth in December, the economic indicators suggest loss of momentum in January, with the recovery in Indian economy entering a consolidation phase, rating agency ICRA has said. However, ICRA does not see the fall in economic indicators as a sign of alarm regarding the sustainability of the recovery.

Hotel industry revives in Goa; average occupancy rises to 55% from 15%

Finally some good news for the hotel industry. Goa stood out as the most solid market in hospitality sector in September-to-December 2020 period. The market saw marked improvement in both occupancies and room rates, says the latest Hotel Momentum India report by consultancy JLL. In third quarter, hotels in Goa were running at an average occupancy of 15 per cent. This figure jumped to nearly 55 per cent in the fourth quarter. Similarly, the average room rates swelled from about Rs 4,500 to nearly Rs 7,000 per night.

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