Hyperfine Inc., a health technology company based in Guilford, CT, has secured regulatory approval from India’s Central Drugs Standard Control Organization (CDSCO) for its Swoop system (depicted below). This authorization allows for the commercialization of the portable, ultra-low-field, AI-powered, magnetic resonance brain imaging system capable of providing imaging at multiple...
India Restores Refund of Export Duty to its Exporters
Aiming to enhance export competitiveness, India will reinstate benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) initiative starting June 1. Originally launched in January 2021 and paused in February 2025, this plan reimburses exporters for taxes and levies not covered by other refund programs. It will...
India’s Bharti Enterprises to Acquire 24.5% Stake in BT
BT Group PLC, UK, (formerly British Telecom) is undergoing a significant ownership shift as Bharti Enterprises, the Indian tech and telecom company behind Airtel, acquires a 24.5% stake for $4 billion. The transaction will occur in two phases: an immediate purchase of 9.99% of BT's shares, followed by the acquisition...
UK Foreign Secretary Visits India to Reset Trade Relations
David Lammy, Britain's Foreign Secretary arrived in India, aiming to strengthen ties and reset relations with both India and the Global South. This visit underscores the new Labor government's strategic priorities in foreign policy and economic growth. Lammy has emphasized India's crucial role as an "indispensable partner" in addressing key...
India’s Brinton Pharma to Set Up R&D Center in UK
Drug maker Brinton Pharmaceuticals based in Pune, Maharashtra, will invest in a global research and development center in the United Kingdom. The proposed life sciences research and development facility in North of England will support acceleration of the company’s research in the areas of biotechnology, health and life sciences. The...
Aragen Collaborates with UK’s NeoVac to Manufacture Lipids
Hyderabad, India-Based Aragen Life Sciences Private Limited, has been working with UK-based NeoVac since early December last year on process research development for the lipid product. This September, Aragen announced that it entered into an agreement with NeoVac, for manufacturing a lipid product that will support the development of lipid...