Namita Thapar’s Emcure Pharma Set To Launch IPO
Source: Times of India At a time when Shark Tank India judge Ritesh Agarwal’s OYO is inching closer towards launching its much awaited IPO, it seems that another shark’s company is planning to go public. Namita Thapar, who is the Executive Director (India Business) of Emcure Pharmaceuticals, had said earlier this month at the ET NOW Global Business Summit […]
Exclusive: Govt mulling new PLI scheme for pharma sector
Source: Money Control The government is mulling over introducing a new production-linked incentive (PLI) scheme for the pharmaceutical sector to boost the production of key chemicals critical to the manufacture of active pharmaceutical ingredients (APIs). In doing so, it aims to reduce Indian companies’ dependence on China for such supplies, sources told Moneycontrol. “The entire value chain […]
Pharma MSMEs resent new norm
Source: Tribune India The Himachal Drug Manufacturers’ Association (HDMA) has sought relaxation in the 45-day payment norm for industries having a turnover of Rs 100 crore and Rs 50 crore for one year and two years, respectively. The new provision, introduced under Section 43 B of the Income Tax Act, would be implemented from the […]