pharmaceutical industry

US drug maker Eli Lilly is cutting its investment in a German factory by half. This decision follows new healthcare cost-cutting laws in Germany. The company CEO called the reforms a bad signal for the industry. This move impacts Germany's industrial plans. The factory will now operate at reduced capacity with fewer jobs. Other companies are also reconsidering local investments.

Exports Dip Nearly 5%, But State Widens Lead Over Rivals

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India is bolstering its energy security by deepening ties with Venezuela, a top crude oil supplier. Discussions between PM Modi and Venezuela's acting President focused on long-term energy contracts and cooperation in critical minerals, tech, and agriculture. This move diversifies India's oil sources amidst global supply chain challenges.

India is bolstering energy ties with Venezuela, now its third-largest crude supplier, to diversify imports amidst West Asia disruptions. Discussions also explored broader economic cooperation in sectors like mining, pharmaceuticals, and agriculture, with Venezuela viewing India as a stable, long-term partner. High-level delegations are examining investment opportunities.

Venezuela's acting president, Delcy Rodriguez, is in India for a five-day visit aimed at boosting energy cooperation and exploring trade, investment, and technology partnerships. This visit comes as India seeks to diversify its oil sources amidst West Asian disruptions. Rodriguez will hold talks with Prime Minister Modi, building on existing energy ties, including a joint venture with ONGC Videsh.

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BHU PG admissions 2026: Banaras Hindu University (BHU) has opened admissions for its CUET PG 2026–27 postgraduate programmes across science and interdisciplinary disciplines, with the last date to apply being June 4, 2026. Key offerings include M.Sc. Applied Microbiology, Environmental Sciences, and Home Science, focusing on research-driven learning and industry-ready skills. The programmes span biotechnology, sustainability, nutrition, and human development, supported by advanced laboratories and expert faculty, preparing students for careers in academia, research, healthcare, and environmental management.

India and Oman have launched a free trade agreement, enabling concessional or zero tariffs on a vast majority of goods. Oman also offered a food security pact, willing to supply more fertilizer and petrochemicals to India. The agreement includes visa benefits for Indian workers and faster pharmaceutical approvals.

To cooperate with South Africa in education & medical tourism sectors

Wockhardt's new antibiotic, Zaynich, has received US FDA approval. This marks a significant milestone as it is the first novel drug from India to achieve this. Zaynich targets severe drug-resistant infections. The company anticipates substantial global sales, with patent protection extending to 2038. This development is expected to create a major market opportunity for Wockhardt.