INDIA MEDICAL DEVICE MARKET
ICC Men’s Champions Trophy 2025 breaks viewership records in India
The ICC Men’s Champions Trophy 2025 sets new viewership records in India, surpassing previous multi-nation cricket tournaments. The final between India and New Zealand in Dubai reached 122 million live viewers on TV and 61 million on JioHotstar, making it a historic event. The India-Pakistan league match further boosted viewership with 26 billion minutes on linear TV.
Smartphone maker iQOO looks to hire under-25 chief gaming officer
Smartphone maker iQOO is seeking a Chief Gaming Officer (CGO) under the age of 25 to co-create devices and boost online gamer engagement. The selected CGO will collaborate with the gaming community and eSports gamers, with a six-month remuneration of Rs 10 lakh.
ET MSME Awards 2024: Meet the 20 winners of India’s biggest MSME awards
The fifth edition of the ET MSME Awards in New Delhi felicitated the very best in India’s MSME ecosystem and hosted inspiring, insightful panel discussions, fireside chats, and presentations.
Actress Lisa Ray calls out Air India for ‘lack of empathy’ towards her father; airline defends itself
Lisa Ray has accused Air India of lacking empathy after the airline allegedly refused to grant a medical waiver for her 92-year-old ailing father, forcing her to cancel his travel. She voiced her frustration on social media, questioning Air India’s commitment to passenger care. However, the airline has refuted her claims, stating that her father was not among the originally booked passengers and that they offered alternative solutions, including a free date change or future travel credit.
Indian 5G user base to grow to 770 million by 2028; average data use peaks to 40 GB: Nokia
Average 5G data consumption in India reached 40 GB per user per month by December 2024, with Nokia reporting a significant rise in 5G adoption. Subscriber growth is anticipated to reach 770 million by 2028, with 5G device usage doubling and expected to dominate the smartphone market by 2025.
For risk-averse & long-term investors: 6 large-caps from different sectors with an upside potential of up to 44%
How would you classify a cigarette business? As a growth business or mature business? Probably a mix of both, with “mature” taking precedence over “growth”. The reason: It suggests the business has achieved some maturity; and given the product it deals in, business growth is only to be expected. Now another question: Will an economic slowdown impact the cigarette business? Probably not. Now, consider airports. Is it a growth or mature business? It is a business where growth is probably just taking off, so “growth" should take precedence over “mature”. So, different market conditions, different explanations and justifications is what the street sees all the time. The business remains the same, it is the perception of the business that changes.
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Impose safeguard duties on medical devices: AiMeD
The Association of Indian Medical Device Industry (AiMeD) has requested the government to impose safeguard duties on 12 medical device categories to shield domestic manufacturers from cheap imports. AiMeD highlighted a significant increase in imports, notably in syringes and needles, primarily from China, the US, and Singapore.
ET MSME Awards 2024: Meet the nominees competing with their ‘innovative’ prowess
The Economictimes.com is back with ET MSME Awards 2024. The awards will honour the exceptional MSMEs in the country who are at the top of their game.
ET MSME Awards 2024: Meet the nominees vying for India’s Top Exporter of the Year Award
This category is aimed at recognising and honouring exporters in the manufacturing, services, and trading sectors.
Supreme Court judges visit Manipur amid controversy over Meitei Community participation
Lordships belonging to the Meitei Community, in the interest of peace and public order, shall not step into Churachandpur district, even though their names appeared in the programme in National Legal Services Authority’s programme-the Churachandpur District Bar Association.
India focusing on core trade issues in FTAs for early outcomes: Commerce secretary Sunil Barthwal
India emphasizes core trade issues such as tariffs and non-tariff barriers in FTAs to expedite negotiations for faster outcomes. This approach is meant to maintain business interest and achieve quick results, aiming to double India-LAC trade from USD 50 billion to USD 100 billion in coming years.
Google Pixel 9a launch: Expected price, release date, camera, specs, and features of iPhone 16e and Nothing Phone 3a rival
Google Pixel 9a launches today, potentially transforming the mid-range smartphone market. The phone may feature a 48MP dual-camera setup, Tensor G4 chipset, and a 5100mAh battery. It is expected to come with an affordable price of around Rs 50000. More details will be available after the launch, ensuring excitement and high expectations.
India snubs Bangladesh on medical visas, opening way for China
India is issuing fewer medical visas to Bangladesh, citing staffing shortages and strained relations. This has allowed China to expand its influence by offering medical tourism and investments. The cool relations follow political changes in Bangladesh, disrupting long-standing ties between India and its neighbor.
India's auto parts & medical exports show robust growth; auto parts exports rise to $7.7 billion in FY24
Exports of auto components and medical instruments from India have shown strong growth over the past three years. Auto parts exports rose significantly to $7.7 billion in FY24, while medical instruments exports reached $2.43 billion, highlighting India's increasing global market presence and reduced dependence on imports.
Strongly taken up trade restrictive measures with EU: Govt to Parliament
The government is addressing trade restrictions with the EU and focusing on sectors like Agri-food, APIs, and Clean Technologies. Aiming for a fair Free Trade Agreement, it also highlights the importance of imports from China for various industries and introduces stringent quality controls to curb sub-standard imports.
US Commerce department bureaus ban China's DeepSeek on government devices, sources say
"To help keep Department of Commerce information systems safe, access to the new Chinese based AI DeepSeek is broadly prohibited on all GFE," said one mass email to staffers about their government-furnished equipment.
India weighs lower tariffs for US medical devices amid trade talks
The Indian government is considering lowering tariffs on US medical devices to mitigate potential US tariff threats on Indian exports. While this aims to ease trade tensions, industry experts express concerns about the impact on India's self-reliance. Stakeholders suggest reciprocal market access as Indian exporters face high regulatory barriers in the US.
Vice President Jagdeep Dhankhar resumes duties as RS Chair; MPs call on him, welcome him back
Vice President Jagdeep Dhankhar resumed his duties in Parliament after being discharged from AIIMS following cardiac treatment. Several political leaders, including Prime Minister Narendra Modi, inquired about his health and wished him a speedy recovery. Dhankhar had been advised to rest for a few days.
Israel kills three in latest Gaza strike, local medics say
An Israeli air strike killed three Palestinians in Gaza, with renewed ceasefire talks showing no progress. Medics reported additional injuries in Rafah. Israel claims the strikes targeted terrorists planting bombs. Hamas asserts the victims were gathering firewood amid an Israeli goods ban. The ongoing conflict jeopardizes ceasefire efforts, leaving Gaza in distress.
As AI nurses reshape hospital care, human nurses are pushing back
Hospitals say AI is helping their nurses work more efficiently while addressing burnout and understaffing. But nursing unions argue that this poorly understood technology is overriding nurses' expertise and degrading the quality of care patients receive.
Apple to begin airpods production for exports at Foxconn's Hyderabad plant from April
Apple is set to commence the production of AirPods for export at its Foxconn facility in Hyderabad starting April 2024. This move follows the establishment of a factory with an investment of USD 400 million. The decision aligns with Apple's strategy to expand its manufacturing base outside the US amidst ongoing tariff discussions.
India-EU FTA: Think tank points out one sector where India must demand reciprocity
India seeks to enhance its export potential in the proposed FTA with the EU by aiming for reciprocal concessions, particularly in the medical devices sector. Current negotiations are imbalanced, with the EU imposing stringent regulatory barriers, making it difficult for Indian exporters to access the EU market.
Pakistan: JUI-F leader injured in South Waziristan mosque blast
A bomb blast at Maulana Abdul Aziz Mosque in South Waziristan injured JUI district chief Abdullah Nadeem and three others. The detonation of an improvised explosive device during Friday prayers caused panic. Law enforcement is investigating, and no group has claimed responsibility. Both Interior Minister Mohsin Naqvi and JUI-F chief Maulana Fazlur Rehman condemned the attack.
These large- and mid-cap stocks can give more than 25% return in 1 year, according to analysts
In a week that saw volatility in the Nifty and Sensex, and the US and other global markets were also trading with cuts on most days, sentiment was bound to turn bearish. And it will only get worse, what with more and more people throwing the word “recession” around. Will this continue for some more time? Yes, surely; and why not? In a world where tariffs on whisky are making headlines, probably the market can and may get a bit more tipsy. So, time to look beyond the next four years of Trump’s tenure? Just remember: The market has endured many such four-year stints.
Parl panel on health: Cos scared to set up units due to CDSCO approach
The Parliamentary Standing Committee on Health and Family Welfare criticized the Central Drugs Standard Control Organisation (CDSCO) for delays and lack of transparency in the drug licensing process. They recommended streamlining the system and establishing an independent advisory board to improve India's medical device industry.
Zydus eyes major stake in French medtech Amplitude for Rs 2,446 crore
India's Zydus Lifesciences is set to acquire an 85.6% stake in France's Amplitude Surgical for nearly $280 million to expand in the global medical devices market. The acquisition, at a premium of nearly 81% to Amplitude's last close, aims to leverage growth opportunities in surgical technologies for lower-limb orthopedics and expand internationally.
People living by river drains more prone to cancer: ICMR cites study
A 2024 study found that individuals living near river drains are at a high risk of cancer. The Indian government has approved various initiatives, including the establishment of cancer institutes and offering affordable medicines, to combat this issue and provide comprehensive cancer care across the country.
Vivo group smartphone brand iQOO ties up with top Indian online gamers
iQOO partners with India's top seven e-sports gamers to test and certify its latest phones, aiming to tap into the growing gaming demand in the country. The collaboration is intended to design high-performance devices for seamless gaming and live streaming, with the gamers using iQOO devices for their YouTube streams.
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