New Jersey headquartered $2.1 bn Amneal Pharmaceuticals is now betting on specialised and differentiated products to build its presence in the Indian pharmaceutical market (IPM), as it eyes $ 1 bn revenues by 2030 from non-US geographies.

Founded by two Indian-origin brothers Chirag and Chintu Patel in 2002, Amneal is the fifth largest generics player in the US market by prescriptions, and has begun commercial operations in India from October last year.

Indian startups fired 6,000 employees in the third quarter of the current financial year (Q3FY23) and an additional 4,000 in January alone, according to a report by CIEL HR Services, as reported by the Economic Times (ET).

Several startups, including unicorns like Byju's and Swiggy, have slowed down their hiring and also laid off thousands of employees.

Adani Total Private Ltd expects to receive 2.2 million tonnes of liquefied natural gas (LNG) at its terminal at Dhamra on India's eastern coast during the year ending March 2024, the company's chief executive told Reuters on Tuesday.

Adani Total has a 20-year take-or-pay contract to provide regasification services to state-run Indian Oil Corp for 3 million tonnes of LNG per annum at the Dhamra terminal. Government-run gas distributor GAIL (India) Ltd has a similar 1.5 million tonnes per annum deal.

Oil and Natural Gas Corporation Limited (ONGC) is in talks with global oil majors to infuse state-of-the-art technologies in its aggressive exploration push in deepwaters of India.

The 'Maharatna' held a parley of discussions with major operators in the India Energy Week in Bengaluru during 6-8 February 2023.

GVK Group Vice Chairman Sanjay Reddy on Tuesday said there was absolutely no pressure from the Adani Group or anyone else to sell the Mumbai airport.

His comments come on a day when Congress leader Rahul Gandhi alleged in Lok Sabha that "Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India".

The Union Government has planned to develop 100 airports by 2024 under the Regional Connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) infrastructure scheme, Minister of State, Civil Aviation, V K Singh said in a written reply to a question in Rajya Sabha on Monday.

"Upgradation and modernization of airports is a continuous process and is undertaken by Airports Authority of India (AAI) and other airport operators from time to time depending on the availability of land, commercial viability, socio-economic considerations, traffic demand/ willingness of airlines to operate to/from such airports," the minister said.

The Syrian Foreign Ministry has called for international help after powerful earthquakes hit the country and killed nearly 900 people in Syria.

In a statement, the ministry urged the United Nations, the International Committee of the Red Cross and other humanitarian organisations to support the Syrian government in its rescue efforts following the deadly earthquakes, Xinhua news agency reported.

Air India will borrow Rs 18,000 crore from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance its existing debt over the short term, a report in the Economic Times (ET) said. The borrowing will be in the form of one-year loans and the Tata Group-owned airlines may go for longer loans later.

Tatas decided to continue with the existing borrowing arrangement for another year, though they will eventually make a long-term debt strategy.

Novatek, Russia's largest liquefied natural gas producer, has been in talks with Indian companies including GAIL on the supply of LNG and may consider taking payments in rupees, the company's head Leonid Mikhelson said on Monday.

He also said consumers in Europe, which have imposed sanctions on Russia over its actions in Ukraine, were interested in Russian LNG, which has not been placed under restrictions, and that no buyers under long-term contracts wanted to terminate them.

India's Adani Group, which has in recent weeks suffered a brutal share selloff following the release of a U.S. short-seller report, remains eligible for the CEMBI, JACI and JESG indices, said JP Morgan in a note on Monday.

"Per current index rules, Adani Group companies remain eligible for inclusion in CEMBI, JACI and JESG indices," JP Morgan said in the note.

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