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.

KOSPI crashes nearly 10 pc in S. Korea on massive tech sell-offs

IANS | June 23, 2026 1:35 PM

Seoul, June 23 (IANS) South Korean stocks tumbled nearly 10 per cent on Tuesday as foreign investors dumped major semiconductor shares and other market heavyweights amid profit-taking, tracking overnight losses in US technology stocks. The local currency weakened against the US dollar.

India-Russia eastern sea route gains importance amid West Asia crisis

IANS | June 23, 2026 1:31 PM

New Delhi, June 23 (IANS) With the West Asia conflict leading to energy shocks and disruption in supply chains due to the choking of Strait of Hormuz, the importance of alternative trade routes for countries like India has come to the fore, according to a new report.

India, US moving decisively towards finalising bilateral trade deal: Sergio Gor

IANS | June 23, 2026 11:53 AM

New Delhi, June 23 (IANS) India and the United States are moving decisively towards finalising a bilateral trade agreement that could unlock new economic opportunities and deepen bilateral economic ties, US Ambassador to India Sergio Gor said on Tuesday as US Trade Representative (USTR) Jamieson Greer arrived here for key trade talks with Union Minister of Commerce and Industry Piyush Goyal.