Business

By Vijayraj Amin | Business Editor, MaverickNews30 Bengaluru : The global medical device industry is entering choppy waters as revived tariff actions under Donald Trump’s leadership drive up costs, unsettle supply chains, and deepen trade imbalances across key markets. The sector, critical to global healthcare systems, now finds itself at the center of a geopolitical tug-of-war. At the heart of the disruption: tariffs on Chinese medical imports have climbed as high as 125%, targeting a wide range of components essential…

Fitch Ratings has characterized Adani Ports and Special Economic Zone Limited’s (APSEZ, BBB-/Negative) acquisition of the North Queensland Export Terminal (NQXT) as credit neutral, while highlighting its positive strategic implications. The global ratings agency believes the acquisition will support APSEZ’s efforts toward international diversification, a key long-term goal for the company. Announced on April 17, 2025, the acquisition involves APSEZ issuing new equity shares to the current shareholders of NQXT, who also belong to the same promoter group as APSEZ.…

The facility is dedicated to packaging pulses and organic products while maintaining the highest standards of hygiene and quality Cooperation Secretary termed it as a major milestone in NCOL’s journey to promote and distribute high quality, organic products under the brand ‘Bharat Organics’ Prime Minister Shri Narendra Modi has envisioned a greater role for cooperatives in making India the largest organic producer in the world Under the leadership of Prime Minister Narendra Modi and guidance of Union Home and Cooperation…

Ministry of Food Processing Industries, in collaboration with NIFTEM Kundli, is pleased to announce the second edition of SUFALAM (Start-Up Forum for Aspiring Leaders and Mentors), scheduled for April 25–26, 2025, at NIFTEM-K campus. Building on the success of its inaugural edition, this year’s conclave reinforces the Government of India’s commitment to fostering a vibrant start-up ecosystem in line with the vision of an ‘Atmanirbhar Bharat’. The event aims to strengthen the food processing sector by promoting innovation, sustainability and entrepreneurship…

Gurgaon : Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025. On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in the rank and pay of Additional Secretary to the Government of India, under the Ministry of Power. Shri Srivastava is a seasoned civil servant with over two…

“Clean Air, Made in India: TDB-DST Funds Urban Air Labs’ Wall-Mounted Plant-Based Air Purifier to Boost Indoor AQI” The Technology Development Board (TDB), under the Department of Science and Technology (DST), has taken a significant step toward advancing indigenous clean air technologies by extending financial support to M/s Urban Air Labs Private Limited, Gurugram, for their project titled “Development & Commercialization of a Made in India Efficient Wall-Mounted Air-Purification System for Indoor Premises.” This strategic intervention marks a commitment to…

An association of jute mill owners has appealed to Union Textiles Minister Giriraj Singh urging him to withdraw approvals for packaging dilution, granted to Food Corporation of India (FCI), Haryana and Madhya Pradesh procurement agencies, for the rabi marketing season (RMS) 2025-26. The Indian Jute Mills Association (IJMA) also sought West Bengal Chief Minister Mamata Banerjee’s intervention against the dilution. “The Centre has approved the dilution of 1.23 lakh bales in favour of two states and the FCI. We urge…

Mr. Rajeev Saxena, an officer of the Indian Railways Stores Service (IRSS), has assumed charge of Divisional Railway Manager of Sealdah today on 23.04.2025. In his last assignment, Mr. Rajeev Saxena was posted as Joint Secretary / Ministry of Textile where he contributed significantly in National Technical Textiles Mission (NTTM) & also spearheaded innovative R&D in Textile Sector. Prior to that, Sri Saxena served as Chief Vigilance Officer (CVO) in National Highway Authority of India (NHAI) and in Dedicated freight…

he International Monetary Fund (IMF) has trimmed its forecast for India’s economic growth in FY25 to 6.2%, dialing it down from an earlier estimate of 6.5%. The downgrade comes amid global jitters driven by trade restrictions, especially those tied to evolving U.S. tariff policies. But hold the alarm bells—India is still expected to be one of the fastest-growing major economies, with rural consumption acting as a stabilizing force. According to the IMF’s latest outlook, while external headwinds persist, internal demand—particularly…

From Regional Runways to Global Routes  “Among the fastest-growing sectors in Bharat’s economy, aviation is one of them. We are connecting our people, culture, and prosperity through this sector. With 4 billion people, a rapidly growing middle class, and the resulting increase in demand, this is a significant driving force for the sector’s development.” Prime Minister, Shri Narendra Modi Summary Parliament passed the Protection of Interest in Aircraft Objects Bill, 2025, aligning India’s aviation leasing laws with global standards to reduce leasing costs.The Bharatiya…