DEVELOPED INDIA
India develops first indigenously discovered antibiotic "Nafithromycin" effective against resistant respiratory infections
India has proudly introduced Nafithromycin, its first homegrown antibiotic, tackling stubborn respiratory infections with groundbreaking efficacy. Coupled with a significant leap in gene therapy for Haemophilia, these innovations underscore India's commitment to self-sufficiency in the pharmaceutical arena. The country is now embracing a model that fosters collaboration with the private sector, setting the stage for international acclaim in biomedical research.
Experts urge India to treat gender-related discourses in climate change as more than a mere checkbox
India must move beyond token inclusion of gender issues in climate policies and adopt a just, inclusive approach, experts said at a dialogue organised by the Chintan Research Foundation (CRF) in New Delhi on October 16. The event, titled “Climate Futures Through a Gender Lens,” brought together researchers, advocates, and policymakers to discuss how gender equity can be embedded in India’s climate and energy transitions.
India building global-standard inland ship repair network to boost water transport: Shantanu Thakur
India is enhancing its inland ship repair and maintenance facilities. New centers in Patna and Varanasi are operational, with another planned for Pandu. These facilities aim to reduce vessel downtime and create jobs. The government's vision is to make India a leading maritime nation by developing a self-sustaining inland vessel ecosystem.
Defence Secretary stresses policy push for India’s indigenous air power technologies
Defence Secretary Rajesh Kumar Singh has underlined the need for a structured policy framework to strengthen India's domestic industrial base through a balanced synergy between public and private sectors.
India expects $7.4 billion spending on fighter jet engines over next decade
India plans to invest approximately 654 billion rupees by 2035 for fighter jet engines, requiring around 1,100 units for ongoing programs. Efforts are underway to develop indigenous engines, with a Kaveri derivative eyed for unmanned vehicles. A co-developed 5th-gen stealth fighter engine is also in the works, attracting international interest.
Haryana CM announces hike in monthly old age pension from Rs 3,000 to Rs 3,200
Haryana Chief Minister Nayab Singh Saini announced an increase in the old age pension to Rs 3,200. The government has fulfilled 46 out of 217 poll promises made for the 2024 assembly elections. Work is progressing on remaining promises. The Chief Minister also distributed development grants and plot allotment letters to beneficiaries.
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Mahindra, Embraer join hands to bring C-390 Millennium to India
Mahindra Group and Embraer Defense & Security have signed a strategic cooperation agreement to introduce the C-390 Millennium military transport aircraft in India. This partnership aims to advance the aircraft for the Indian Air Force's Medium Transport Aircraft program, fostering local manufacturing and positioning India as a regional hub.
Sunteck Realty Q2 Results: Profit rises 41% YoY to Rs 48.96 crore
Sunteck Realty has announced strong financial results. The company's net profit surged by 41 percent in the second quarter of this fiscal year. This impressive growth was driven by higher income. Total income also saw a significant rise compared to the same period last year. Sunteck Realty is a prominent real estate developer in India.
Climate finance is duty, not a promise: India to developed countries
India has called for developed nations to fulfill their climate finance commitments to developing countries. Environment Minister Bhupender Yadav stressed that financial support is a duty, not a mere promise. India highlighted its own achievements in meeting climate goals ahead of schedule. The country advocates for a convergence of ecosystem-based solutions and futuristic technologies for a sustainable future.
No IIT-NIT. Techie shares how he went from earning Rs 10K to Rs 3.5 lk per month in viral post
A software professional's income surged from ₹10,000 to ₹3.5 lakh monthly by strategically changing jobs early, mastering emerging technologies like blockchain, and branding himself as a specialist. He also secured a high-paying global remote role by negotiating offers, highlighting the importance of these steps for career growth.
From Mumbai to Pune: How young professionals are navigating property prices, 1 Finance study
India’s young workforce, with a median age of 28, is driving demand for homeownership, shaping urban development and economic growth. A study highlights affordability challenges, especially in Mumbai, where high property prices push young professionals toward suburbs. Strategic planning is crucial for talent retention, rental market balance, and sustainable urban growth.
Google search finds Vizag, more to follow
In a groundbreaking move, Google has earmarked a staggering ten billion dollars for the construction of a state-of-the-art AI data center in Visakhapatnam, Andhra Pradesh. Set to break ground between 2028 and 2032, this facility is poised to be a cornerstone of Google's global AI framework.
Foxconn’s Karnataka facility projected to add 5 lakh jobs over 5 years, says chief secretary
Senior IAS officer Shalini Rajneesh said the Taiwanese electronics giant was looking for people, preferably girls, who could be moulded and skilled, and not degree or diploma holders.
India to develop Vande Bharat 4.0 with an eye on export ambitions
Railway Minister Ashwini Vaishnaw announced the development of Vande Bharat 4.0, the next-generation semi-high-speed train, with a focus on export demand. The government also plans dedicated high-speed corridors for 350 kmph travel, aiming to position India as a global rail technology supplier and innovation hub.
India calls on COP30 to address lack of funds for climate action in developing nations
India's Environment Minister Bhupender Yadav urged the UN climate conference in Belém to prioritise resource allocation for developing nations to combat climate change. He stressed the need for action over continuous reviews, highlighting the critical lack of funds for adaptation and mitigation efforts.
LG eyes India's software strength for chips, AI
LG Electronics is set to tap into India's software talent for its semiconductor, robotics, and AI product development. The company also aims to boost exports of components from India. This strategic move capitalizes on India's growing capabilities and cost-effectiveness. LG Electronics sees India as a key partner for innovation and global market expansion.
India 'steadfast' partner in Mongolia's development: PM Modi
India's Prime Minister Narendra Modi met with Mongolian President Khurelsukh Ukhnaa in New Delhi. Modi announced free e-visas for Mongolian citizens. He highlighted India's role as a steadfast partner in Mongolia's development, citing the USD 1.7 billion oil refinery project. The leaders emphasized the spiritual and diplomatic bonds between the two nations, rooted in Buddhism.
Branded residences gain traction in India amid growing wealth base
India is rapidly emerging as a significant global player in branded residences, ranking sixth worldwide for live projects. Driven by a growing high-net-worth population and interest in international luxury brands, the sector is poised for substantial future growth, with key cities leading the charge.
Aurobindo Pharma promoters raise Rs 2k cr to fund realty, other asset buys
The transaction is split into two parts. The Rs 650 crore Series 1 comes with a 24-month tenor and a two-year put and call option, and Rs 1,450 crore, which will be Series 2 with a four-year tenor. Series 1 will carry a coupon of 11.75%, while Series 2 is likely to be priced at 15.5%.
Gap between telcos network expenditure, revenue continues to widen beyond Rs 10,000 cr: COAI
Telecom industry body COAI is advocating for increased mobile tariffs, citing a widening gap between network deployment expenses and revenue. Director General SP Kochhar highlighted that while government policies like Right of Way are supportive, exorbitant fees from some authorities persist. COAI also proposes that large traffic generators like OTT platforms should contribute to network development costs.
SBI aims to enhance gender diversity, increase female workforce to 30 pc by 2030
State Bank of India is boosting gender diversity. The bank plans to reach 30 percent women in its workforce in five years. SBI is implementing programs for women's leadership and work-life balance. Initiatives include creche allowance and return-to-work training. Focused health screenings and a vaccination drive are also in place. SBI is committed to an inclusive environment for all employees.
India to restore Embassy in Kabul as Taliban plans envoy
India is upgrading its mission in Kabul to a full diplomatic one. This follows a meeting between India's External Affairs Minister S Jaishankar and Afghanistan's Taliban Foreign Minister Amir Khan Muttaqi. The Taliban plans to post a diplomat to New Delhi. Discussions also covered development projects, trade, and regional stability. Afghanistan condemned a recent terrorist attack in Pahalgam.
Rajnath Singh pitches for co-development of military hardware by India, Australia
India and Australia are at a pivotal juncture to enhance their defense relations and foster a secure Indo-Pacific. Defence Minister Rajnath Singh invited Australian businesses to collaborate on advanced platforms and cutting-edge technologies, emphasizing co-development and co-production opportunities in naval vessels and autonomous systems.
India's rapid 5G rollout shows strong potential for 6G development: Prof Marina, University of Edinburgh
India's swift 5G deployment signals significant promise for 6G technology. Professor Mahesh Marina from the University of Edinburgh highlights this potential. Global cooperation and interoperability are vital for India's influence in future telecom. The country's commitment to 6G and AI integration positions it for leadership. This progress offers a positive outlook for India's technological advancement.
Rolls-Royce has deep ambitions to develop India as home market: CEO Tufan Erginbilgic
British defence major Rolls-Royce has expressed "deep ambitions" to develop India as its "home" market, fostering strategic partnerships across land, air, and sea domains. This aligns with India's aspirations for self-reliance and technological advancement, particularly in co-developing jet engines for its next-generation fighter jets.
Bengaluru techie gets pressurised by manager to travel 300 kms and come to office despite company’s WFH policy. Reason outrages netizens
A Bengaluru software professional is being pressured by his manager to return to the office weekly, despite the company's permanent remote work policy and his 300km distance. The manager cites "team bonding," causing friction. Online users on Developers India shared similar frustrations, attributing such managerial behavior to micromanagement and promotion incentives.
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