Shipping and logistics giant A.P. Moller - Maersk said in a customer advisory that its "MECL service"—which connects India with the Middle East, North Africa and North America — is operating with consistent weekly departures and that demand is expected to rise further soon, Analysts anticipate a strong likelihood of...
Assessing India’s Impact on Global Healthcare
India has emerged as a significant player in the global healthcare landscape, significantly shaping the accessibility and affordability of essential medicines. As the world's leading supplier of generic drugs, India's pharmaceutical industry services hundreds of millions of global citizens in need. By quantity, India accounts for 20% of global generic...
Global Wellness Institute Analyzes Wellness Real Estate
In its first in-depth research report 'Build Well To Live Well,' the Miami, Florida-based Global Wellness Institute analyzed the global and regional wellness, lifestyle, real estate, and communities market. Real estate and communities that intentionally put people’s health at the center of design, creation, and redevelopment are the next frontier...
Indian Oil Corporation to Buy American Crude Oil
State-owned Indian Oil Corporation floated its first tender to purchase high-sulfur, or sour, crude from North America as it seeks to diversify imports. BusinessLine reports that India's largest oil refiner is seeking to buy the crude grades Mars, Southern Green Canyon and Thunderhorse from the United States, and Western Canadian...
India's Motherson Sumi Acquires Finland's Automotive company
Noida, India-based automotive component firm Motherson Sumi Systems, a joint venture between its parent Samvardhana Motherson Group and Sumitomo Wiring Systems of Japan, acquired Finland’s PKC Group Plc for about $609 million. “We are very happy to announce that we have successfully acquired 93.75 per cent shareholding in the PKC...
WIPO Head: India Will Be Major Hub of Innovation
In an interview with the Economic Times, World Intellectual Property Organization director general Francis Gurry discussed issues of Intellectual Property and Innovation with respect to India. Snippets of Gurry's opinions during the conversation: There has been a shift in innovation in the last 20 years, from a total domination by...