Business News: Economy & Markets

India needs quantum jump into manufacturing high-value pharma products: Economists

IANS | June 23, 2026 6:06 PM

New Delhi, June 23 (IANS) India, which is one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, needs to make a quantum jump into manufacturing high-value pharmaceuticals and Active Pharmaceutical Ingredients (API), and there has to be strong Production Linked Incentive (PLI) schemes to achieve this, economists said on Tuesday.

India successfully achieves 56 auctions of critical mineral blocks: Govt

IANS | June 23, 2026 5:39 PM

New Delhi, June 23 (IANS) India has successfully achieved 56 auctions of critical and strategic mineral blocks, marking a significant step towards strengthening domestic mineral supply chains and advancing India’s critical mineral mission, the government said on Tuesday.

India needs to strengthen its position as global pharmaceutical and innovation hub: NITI Aayog

IANS | June 23, 2026 5:32 PM

New Delhi, June 23 (IANS) While India remains one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, its global export share in pharmaceuticals and Active Pharmaceutical Ingredients (API) remains modest at 2.8 per cent, indicating scope for expansion amid rising global demand for medicines, biologics, and speciality therapeutics, a NITI Aayog report said on Tuesday.

US-Iran deal, current crude levels will support rupee, rate-sensitive sectors: Report

IANS | June 23, 2026 5:14 PM

New Delhi, June 23 (IANS) India’s markets successfully navigated a turbulent quarter of geopolitical shocks, and US-Iran peace deal and oil trading near $70–$80 per barrel will help ease inflation, support the rupee, reduce the import bill, and benefit rate-sensitive and oil-consuming sectors, a report said on Tuesday.

India needs 7-8 pc growth to become Viksit Bharat by 2047: EAC-PM Chairman

IANS | June 23, 2026 4:24 PM

New Delhi, June 23 (IANS) India needs 7 to 8 per cent growth to become Viksit Bharat by 2047, which needs more investment from the private sector as well as strong export growth, Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), said on Tuesday.

Mongolia: EAM Jaishankar reviews progress of India-assisted Mongol Refinery Project

IANS | June 23, 2026 4:21 PM

Ulaanbaatar, June 23 (IANS) External Affairs Minister (EAM) S Jaishankar along with Mongolian Foreign Minister Battsetseg Batmunkh and Industry and Mining Minister Gongor Damdinnyam visited the construction site of India-assisted Mongol Refinery Project on Tuesday and noted the steady progress being made in completing the landmark India-Mongolia friendship project.

Global tech sell-off: Why Nasdaq, S&P 500 futures, Nifty IT declined today

IANS | June 23, 2026 3:13 PM

New Delhi, June 23 (IANS) US stock futures tumbled on Tuesday, signalling a weak start for Wall Street, as a global selloff in technology shares reignited concerns over whether massive investments in artificial intelligence (AI) can justify soaring market valuations.

RBI injects Rs 1.41 lakh crore into banking system

IANS | June 23, 2026 3:04 PM

Mumbai, June 23 (IANS) The Reserve Bank of India (RBI) on Tuesday pumped in over Rs 1.41 lakh crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction.

India’s innovation-led growth offers long-term optimism despite global turmoil: WIPO Economist

IANS | June 23, 2026 2:17 PM

Dalian (China), June 23 (IANS) Despite rising geopolitical tensions and economic disruptions triggered by conflicts in the Middle East, India’s long-term economic prospects remain positive, driven by its growing innovation ecosystem and strong economic fundamentals, Carsten Fink, Chief Economist at the World Intellectual Property Organisation (WIPO) said on Tuesday.

AI should create space for reflection and meaningful human experiences: Industry leaders

IANS | June 23, 2026 1:45 PM

Dalian (China), June 23 (IANS) Artificial intelligence should move beyond improving productivity and help create space for reflection, creativity and deeper human experiences, experts said on Tuesday at the World Economic Forum's Annual Meeting of the New Champions -- known as Summer Davos -- being held here.

Business

India needs quantum jump into manufacturing high-value pharma products: Economists

India successfully achieves 56 auctions of critical mineral blocks: Govt

India needs to strengthen its position as global pharmaceutical and innovation hub: NITI Aayog

US-Iran deal, current crude levels will support rupee, rate-sensitive sectors: Report

India needs 7-8 pc growth to become Viksit Bharat by 2047: EAC-PM Chairman

Mongolia: EAM Jaishankar reviews progress of India-assisted Mongol Refinery Project

Global tech sell-off: Why Nasdaq, S&P 500 futures, Nifty IT declined today

RBI injects Rs 1.41 lakh crore into banking system

India’s innovation-led growth offers long-term optimism despite global turmoil: WIPO Economist

AI should create space for reflection and meaningful human experiences: Industry leaders

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