Category Archives: business

business, health, industry, politics, trade

UK to offer to pay more for some drugs to appease Trump, FT reports

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The British government is reportedly planning to offer higher payments for medicines purchased for the National Health Service (NHS), according to a report by the Financial Times on Friday. This move aims to address one of U.S. President Donald Trump’s major complaints after he announced steep tariff increases on branded medications.

British Prime Minister Keir Starmer’s chief business adviser, Varun Chandra, is expected to travel to Washington next week, the report added. Reuters was unable to immediately verify these claims.

President Trump has expressed frustration over the high cost of prescription drugs in the U.S., which are often nearly three times more expensive than in other countries. He has demanded that pharmaceutical companies lower prices in the U.S. while increasing them elsewhere. The proposed price increases in the U.K. could potentially offset the impact of U.S. price cuts on drugmakers’ revenues.

A spokesperson for the UK government did not directly confirm the Financial Times report but stated that Britain is engaged in constructive dialogue with both the U.S. and the pharmaceutical industry. “We will always put patients and taxpayers first, striking the right balance between creating an environment where this innovative sector can thrive whilst ensuring best value for money,” the spokesperson said.

Earlier on Friday, the British government announced that it was pressing the United States on pharmaceutical tariffs in hopes of achieving a beneficial outcome. This follows President Trump’s announcement of a potential 100% tariff on firms unless they establish manufacturing sites within the country.

Major British pharmaceutical companies such as AstraZeneca and GlaxoSmithKline have already set up manufacturing facilities in the U.S. and have announced plans for further investments.

The Trump administration has given drugmakers until September 29 to voluntarily lower prices for certain U.S. drugs, threatening tariffs if the president remains unsatisfied.

— REUTERS
https://thesun.my/world-news/uk-to-offer-to-pay-more-for-some-drugs-to-appease-trump-ft-reports-KL14978705

business, cryptocurrency, finance, investment, technology

Tether (USDT) Fundraising Interest Reportedly From Softbank, Ark Invest

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Tech-focused investment firms SoftBank and Ark Invest are reportedly in early-stage talks to invest in Tether, the issuer of the world’s largest stablecoin, USDT, Bloomberg reported on Friday.

This news follows earlier reports this week revealing Tether’s plans to raise up to $20 billion in a fundraising round, which would value the company at around $500 billion. Such a valuation would make Tether one of the world’s most valuable private companies, highlighting the explosive growth and investor interest in the stablecoin space.

Stablecoins are a class of cryptocurrencies with prices pegged to fiat currencies like the U.S. dollar. Proponents say stablecoins could offer a cheaper, faster alternative for cross-border transactions by leveraging blockchain technology. The sector has expanded rapidly, growing 40% year-to-date to reach $287 billion, according to data from RWA.xyz. Additionally, analysts at global bank Citi project that stablecoins could reach a market value of $4 trillion in a bull market scenario.

Tether’s USDT leads the market with a $173 billion market capitalization. It is predominantly backed by U.S. Treasuries, which have generated substantial profits from bond yields in recent years. The company reported $4.9 billion in profits in the second quarter of this year alone.

Another major player, Circle (CRCL), issuer of the second-largest stablecoin USDC with a market value exceeding $70 billion, went public in June. Since its debut, Circle’s stock price surged from around $30 to $300, underscoring strong investor appetite for exposure to the stablecoin theme.

Tether has also focused on serving emerging markets with limited access to U.S. dollars. Earlier this month, the company announced its intention to formally enter the U.S. market with a new dollar token dubbed USAT. This token is designed to comply with the GENIUS Act, the nation’s first federal crypto law that sets regulatory standards for stablecoins.

To lead its U.S. division, Tether has hired Bo Hines, the former director of the White House Crypto Council who advised President Donald Trump on cryptocurrency policies.

With substantial backing and strategic moves, Tether is positioning itself to remain a dominant force in the fast-growing stablecoin sector, which has the potential to disrupt global payment systems.
https://bitcoinethereumnews.com/tech/tether-usdt-fundraising-interest-reportedly-from-softbank-ark-invest/?utm_source=rss&utm_medium=rss&utm_campaign=tether-usdt-fundraising-interest-reportedly-from-softbank-ark-invest

aviation, business, local news, transportation, travel

Second Nashik-Delhi Flight Service to Start Within Two Months, Announcement Soon

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The Nashik-Delhi air service, which resumed operations a month ago, has successfully “taken off,” bringing good news for Nashik residents eager to travel to Delhi. In addition to this, another Nashik-Delhi air service is set to be launched within the next two months, with a formal announcement expected soon.

After experiencing disruptions in recent days, air services from Nashik have now returned to normal. Currently, IndiGo is the airline operating flights from Nashik’s Ozar Airport. Additionally, there are reports that the Nashik-Jaipur air service, which has been suspended for the last six months via Indore, is also likely to restart soon.

The Nashik-Indore route sees a significant number of passengers, and travelers from Nashik stand to benefit greatly from connecting flights available via Indore. According to sources, the new Nashik-Delhi night service will depart from Ozar Airport, reaching Delhi within a few hours. This schedule will be convenient for passengers who wish to complete their work in Delhi during the day and return to Nashik the same night.

Manish Rawal, Vice President of the NIMA Aviation Committee, Nashik, stated, “It has been decided that an additional service for Nashik-Delhi air travel will start soon. Its formal announcement will be made shortly. Nashik has recently gained importance in many respects, especially with the upcoming Simhastha Kumbh Mela. The Aviation Committee of NIMA is making continuous efforts to ensure Nashik remains well connected with all major cities across the country.”

Currently, flights operate from Ozar Airport to Delhi, Bangalore, Hyderabad, Ahmedabad, and Goa. The Indore-Jaipur route is expected to start soon. Furthermore, efforts are underway to establish air connectivity between Nashik and other major cities such as Kolkata, Chennai, Varanasi, Lucknow, Punjab, and Rajasthan, added Rawal.

With these developments, Nashik’s air connectivity is poised to expand significantly, benefiting residents and visitors alike.
https://www.freepressjournal.in/pune/second-nashik-delhi-flight-service-to-start-within-two-months-announcement-soon

business, crime, cybersecurity, entertainment, law

ED Files Supplementary Prosecution Complaint Against Raj Kundra In ₹6,606 Crore Bitcoin Scam

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**Mumbai:** The Enforcement Directorate (ED) has submitted a supplementary prosecution complaint against Bollywood actress Shilpa Shetty’s husband and businessman Raj Kundra in connection with the money laundering probe related to a Rs 6,606 crore bitcoin scam involving the Delhi-based company Variabletech Pvt Ltd (VTPL).

### ED’s Allegations

The agency alleges that Kundra received 285 bitcoins worth Rs 150.47 crore in April 2024 from Amit Bharadwaj, director of VTPL, who passed away while the case was pending. The bitcoins were reportedly intended for setting up a Bitcoin mining farm in 2017. However, as the deal could not materialise, the ED claims Kundra still possesses the bitcoins, which allegedly constitute proceeds of crime.

Furthermore, the ED states that Kundra has refused to share any details regarding these transactions.

### Property Transactions Linked

In addition to the bitcoin allegations, the ED claims Kundra purchased immovable properties in Juhu and Pune using the proceeds of crime. It is also alleged that Kundra transferred these properties into the name of his wife, Shilpa Shetty, at half their market value.

The agency has filed a second supplementary prosecution complaint not only against Kundra but also against a Delhi-based businessman, Rajesh Satija, as part of its ongoing probe.

### Conflicting Versions and Investigation Details

The ED uncovered several inconsistencies in Kundra’s explanation about the receipt of bitcoins from Amit Bharadwaj. According to the prosecution complaint, Amit had transferred 285 bitcoins to Kundra for investment in a joint venture aimed at setting up a new Bitcoin mining farm in Ukraine.

In statements recorded in April and June 2018, Amit claimed that he was approached by Kundra and Shetty for this joint venture, for which they sought $2.25 million in bitcoin. Amit said he had transferred $1 million (approximately 300 bitcoins) by the end of July 2017, with the remaining amount expected after the agreement was finalized.

While Kundra admitted to receiving the funds, he claimed he was merely a mediator between his Israeli friend Shlomi Amouyal (alias Tom) and Amit. Kundra said that Amit transferred the bitcoins to Tom’s wallets, and the deal was later cancelled when Amit failed to send the remaining amount.

Amit, however, stated that he spoke to Tom, who identified himself as a tech contact for Kundra. The ED also noted that Kundra refused to provide wallet details, citing loss of information due to phone issues in 2018, during the ongoing investigation.

### ED’s Findings and Actions

The ED pointed out glaring mismatches in the versions presented by Amit and Kundra. It revealed that Kundra had sent a term sheet to Amit, which acted as an agreement but did not mention Tom. The agency rejected Kundra’s claim of being only a mediator.

According to the ED, “It is clear that the deal to establish Bitcoin mining farms was made between Kundra and Amit (through his father Mahendra Bharadwaj). Since the deal did not materialise, Kundra is still in possession and enjoyment of 285 Bitcoins valued at Rs 150.47 crore.”

The agency further alleged that Kundra deliberately withheld wallet addresses and failed to surrender the 285 bitcoins.

The ED is actively investigating money laundering allegations against VTPL and its directors, Ajay Bhardwaj and his late brother Amit Bhardwaj. They are accused of luring investors by promising high returns in bitcoins and cryptocurrency developed by them, reportedly amassing 80,000 bitcoins (worth Rs 6,606 crore in November 2017) through the Bhardwaj family and other MLM agents.

### Case Background

In April last year, ED had attached several properties linked to Kundra, including five flats in the Ocean View Society on Juhu Tara Road worth Rs 82 crore, and a bungalow in Pune valued at Rs 11 crore. These properties were transferred in Shilpa Shetty’s name.

—

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https://www.freepressjournal.in/mumbai/ed-files-supplementary-prosecution-complaint-against-raj-kundra-in-6606-crore-bitcoin-scam

business, education, finance, technology, trading

How Beginners Can Transition From Manual To Automated Trading

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Trading has evolved significantly over the years. What once relied heavily on intuition, chart reading, and gut feeling has now shifted toward systematic, data-driven methods. For beginners, moving from manual trading to automated trading can feel overwhelming. However, with structured learning, practical guidance, and the right resources, this transition is entirely achievable.

In this article, we’ll explore how beginners can transition from manual to automated trading, the role of education in facilitating this shift, and how QuantInsti’s quantitative finance courses—including *Automated Trading for Beginners* and their day trading course—help learners acquire real-world skills.

—

### The Challenges of Manual Trading

Manual trading demands constant attention to the markets. Traders must monitor price movements, analyze charts, track news, and make swift decisions. Beginners often face several common challenges:

– **Time-consuming:** Long hours of screen time are required to monitor markets and respond to events.
– **Emotional Influence:** Fear, greed, and impatience can affect decisions, leading to inconsistent results.
– **Limited Data Handling:** Humans can process only so much information at once, often missing hidden patterns.
– **Backtesting Difficulties:** Testing strategies on historical data manually is slow and prone to errors.

While manual trading is excellent for learning market fundamentals, it is often inefficient and not scalable for long-term growth. This is where automated trading becomes a game-changer.

—

### Why Automated Trading Works

Automated trading uses preset rules and computer programs to execute trades. It offers several advantages, especially for beginners:

– **Consistency:** Trades follow defined rules, eliminating emotional biases.
– **Speed:** Computers react faster than humans, capturing opportunities immediately.
– **Data-Driven Decisions:** Algorithms process technical indicators and historical data for informed trading.
– **Backtesting and Optimization:** Strategies can be tested on past data to refine rules before risking real capital.

Automated trading does not replace human judgment; rather, it enhances it. It allows traders to focus on strategy design, risk management, and market analysis instead of reacting impulsively.

—

### Building a Strong Foundation

The first step in moving to automated trading is structured learning. Beginners need to understand market basics, trading strategies, and programming fundamentals.

Quantitative finance courses provide this foundation with modules designed for both beginners and advanced learners. Courses like *Automated Trading for Beginners* teach Python programming, quantitative techniques, and methods to analyze historical market data.

Students explore various strategies, including day trading, event-driven trading, ARIMA, ARCH, GARCH, volatility modeling, and statistical arbitrage.

—

### Learning by Doing

Theory alone is not enough. Beginners must apply what they learn in real-world scenarios. Starting by coding simple strategies such as momentum trading or scalping helps build practical skills.

Backtesting allows learners to evaluate how a strategy performs historically, adjust parameters, and understand market condition impacts. This hands-on approach builds confidence before live trading, ensuring strategies are well understood and risks are managed.

—

### Transitioning from Manual to Automated Day Trading

Day trading is often where beginners first experience the benefits of automation. A dedicated day trading course shows how to automate strategies previously executed manually. Here’s a step-by-step approach for beginners:

1. **Start Small:** Begin with simple strategies like momentum trading or basic indicators. Understand the rules and execution.
2. **Backtest Strategies:** Use historical data to evaluate performance and identify weaknesses without risking real money.
3. **Paper Trading:** Simulate trades in real-time using virtual capital to bridge the gap between testing and live markets.
4. **Live Trading with Risk Management:** Once confident, start live trading with strict stop-loss rules and proper position sizing.

This structured process saves time, reduces errors, and helps build a systematic, disciplined trading practice.

—

### A Learner’s Journey: From Curiosity to Confidence

Consider Xavier Anthony from Canberra, Australia. With a background in engineering and computer science, Xavier was naturally drawn to data and technology and had a strong fascination with financial markets. He experimented with mock trades and tested various strategies but struggled to turn knowledge into consistent results.

Xavier’s breakthrough came when he joined QuantInsti’s Executive Programme in Algorithmic Trading (EPAT). Through the program, he acquired technical skills, mastered backtesting, learned risk management, and honed strategy evaluation.

Today, Xavier confidently develops trading strategies, understands why trades execute, and knows how they fit into a broader portfolio—demonstrating how structured education and practical experience are crucial in transitioning from manual to automated trading.

—

### Tools and Resources for Beginners

QuantInsti offers a comprehensive ecosystem to support learners moving into automated trading:

– **Interactive Notebooks and Coding Exercises:** Learn by doing in an engaging environment.
– **Capstone Projects with Real Market Data:** Apply strategies in realistic, hands-on scenarios.
– **Community and Faculty Support:** Access expert guidance and peer support.
– **Lifetime Access:** Revisit courses, exercises, and projects anytime to sharpen skills.

These resources allow beginners to build expertise gradually without feeling overwhelmed.

—

### Tips for a Smooth Transition

To make the shift from manual to automated trading easier, keep the following tips in mind:

– **Be Patient:** Automation is not a shortcut to instant profits. Start small and focus on learning.
– **Learn from Mistakes:** Use backtesting and paper trading to experiment safely.
– **Prioritize Risk Management:** Effective position sizing and stop-loss rules are essential.
– **Practice Consistently:** Regular coding, testing, and refining improve skills and confidence.
– **Seek Guidance:** Utilize courses, communities, and mentors to avoid common pitfalls.

—

### Final Thoughts

Transitioning from manual to automated trading may seem challenging, but it is vital for long-term success. Automation brings consistency, efficiency, and the ability to analyze vast amounts of data.

QuantInsti’s quantitative finance courses equip beginners with the knowledge, hands-on experience, and confidence needed to design, backtest, and implement automated strategies effectively.

QuantInsti offers a modular, flexible, “learn by coding” approach, including free starter courses and affordable per-course pricing. For advanced learners, the EPAT program provides live classes, expert faculty, placement support, and career opportunities through hiring partners and alumni success stories.

Together, these programs help beginners become skilled, confident traders ready to succeed in today’s dynamic markets.
https://www.freepressjournal.in/latest-news/how-beginners-can-transition-from-manual-to-automated-trading

business, india, markets, real estate, urban development

Mumbai’s Residential Market Records 9% YoY Growth In Q3, Reveals Knight Frank Report

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In its latest report, **‘India Real Estate: Residential and Office Q3 2024 (July – September 2024)’**, Knight Frank India revealed significant growth trends in Mumbai’s real estate market.

### Mumbai’s Residential Market Leads with Highest Sales

Mumbai’s residential market recorded the highest sales among eight major Indian cities, with **24,222 units sold**, marking a **9% year-on-year (YoY) growth**. During the same period, the city witnessed the launch of **23,677 new residential units**.

The average weighted residential price in Mumbai saw a **6% YoY increase**, reaching **Rs 8,056 per sq ft**, making it the highest residential price in the country.

### Growth Across Price Segments

Mumbai experienced a **10% YoY growth** in the Rs 5 million to 10 million ticket size category during Q3 2024, which contributed to **24% of the city’s total sales**. Meanwhile, the under Rs 5 million segment recorded the highest sales volume, with **10,198 units sold**—representing **42% of total sales**.

The Rs 10 million and above category showed a robust **16% YoY growth**, rising from 7,018 units in Q3 2023 to 8,153 units in Q3 2024.

### Office Space: Record Transactions and Completions

Mumbai also led the office real estate market, reporting the highest number of office space transactions among the eight cities, with **1.93 million sq ft** leased during Q3 2024.

The city’s total office space transactions reached **2.7 million sq ft** during this period, while office completions surged by **167%**, hitting **0.8 million sq ft**.

### Industry Insights from Knight Frank India

Shishir Baijal, Chairman and Managing Director of Knight Frank India, commented,
“**Mumbai’s residential market has sustained its strong momentum in 2024**, supported by steady sales, a solid economic outlook, and stable interest rates, all contributing to positive homebuyer sentiment. With continued stability in socio-economic and political conditions, the upcoming festive season, and the ongoing growth trajectory, we expect a strong close to 2024, with both residential and commercial office transactions hitting record levels.”

### Broader Office Market Trends

The report also highlighted that office space transactions across the country reached **19 million sq ft in Q3 2024**, the highest quarterly absorption since Q1 2018. This reflects an **18% YoY increase** from 16.1 million sq ft in Q3 2023.

Year-to-date leasing stood at **53.7 million sq ft** within the first nine months of 2024, a **27% increase YoY**, putting the market on track to achieve a new annual high.

The strong demand in office space demonstrates business confidence in the Indian economy’s ongoing growth. Additionally, increased interest from GCC countries signals a growing commitment from global enterprises towards India’s business environment.

### Perspective from Ajmera Realty & Infra India Ltd

Dhaval Ajmera, Director at Ajmera Realty & Infra India Ltd, added,
“India’s real estate sector, particularly in cities like Mumbai, is experiencing significant growth due to extensive infrastructural development. Mumbai has seen a strong increase in redevelopment activities, reshaping the skyline of key micro-markets and creating demand in emerging areas. The recognition of real estate as a valuable asset class has also attracted numerous domestic and NRI investors.”

He further noted,
“When it comes to commercial real estate, established locations like BKC and Nariman Point are nearly at peak capacity. However, emerging micro-markets such as Wadala are becoming strong contenders for commercial and retail real estate. The reopening of offices and growth in job opportunities in India’s Silicon Valley are attracting businesses and professionals, driving increases in commercial real estate sales and rental prices in this area.”

“Overall, with strong support from the increased purchasing power of homebuyers and their desire to enhance living conditions, the positive growth trend in the Indian real estate market is expected to continue into the coming year,” Ajmera concluded.

—

**For more updates and insights on India’s real estate sector, stay tuned to Knight Frank India.**
https://www.freepressjournal.in/business/mumbais-residential-market-records-9-yoy-growth-in-q3-reveals-knight-frank-report

business, cricket, local sports, sports

Kanga League: Vinayak Bhoir’s All-Round Efforts Help Islam Gymkhana Brush Aside Khar Gymkhana

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All-rounder Vinayak Bhoir played an impressive role with both bat and ball to help Islam Gymkhana secure a win against Khar Gymkhana by gaining the first innings lead in a B Division match of the MCA Dr. H. D. Kanga Cricket League. The match was played at the Islam Gymkhana ground on Wednesday.

Sent in to bat first, Islam Gymkhana amassed a total of 192 runs for 9 wickets in 34.3 overs. Middle-order batsman Bhoir smashed a quick 73 runs off 59 balls, including four boundaries and six sixes. Khar Gymkhana’s medium pacer Abdul Khan was the pick of the bowlers, claiming 6 wickets for 45 runs.

In response, Islam Gymkhana’s bowling attack, led by medium pacer Javed Khan and left-arm spinner Vinayak Bhoir, dismantled Khar Gymkhana. Javed Khan took 4 wickets for 30 runs, while Bhoir picked up 3 for 35. They bowled out Khar Gymkhana for 127 runs in 39.5 overs, gaining a crucial first innings lead.

Islam Gymkhana started their second innings strongly, reaching 25 for 2 in 4.4 overs.

**Brief Scores – B Division:**

– Young Comrade CC: 98 all out in 31.2 overs (Shameet Shetty 28; Sachin Gupta 3/20) & 65 for 5 in 22.5 overs (Mayuresh Tandel 37)
Vs Sind SC: 128 for 4 declared in 30.2 overs (Sai Chavan 45, Sujay Thakkar 28; Shameet Shetty 3/45)
*Result:* Sind SC won on 1st innings lead.

– New Hindu CC: 172 all out in 53.5 overs (Vinay Kunwar 36, Rohit Shukla 28; Sachin Solanki 4/44, Vedant Gurav 3/27)
Vs Sainath SC: 97 all out in 24.2 overs (Jigar Rana 36; Rajesh Sardar 5/23, Jugraj Mehta 4/22)
*Result:* New Hindu CC won on 1st innings lead.

– Islam Gymkhana: 192 for 9 in 34.3 overs (Vinayak Bhoir 73, Sufiyan Shaikh 28, Shashwat Pathak 25; Abdul Khan 6/45) & 25 for 2 in 4.4 overs
Vs Khar Gymkhana: 127 all out in 39.5 overs (Swayam Waghmare 42; Javed Khan 4/30, Vinayak Bhoir 3/35, Hitesh Kadam 3/52)
*Result:* Islam Gymkhana won on 1st innings lead.

– Goregaon Sports Club: 116 all out in 39.4 overs (Rohan Bhosale 43; Kunal Thorat 7/20) & 20 for no loss
Vs Shivaji Park Youngsters SC: 120 for 6 declared in 29 overs (Shubham Shinde 50)
*Result:* Shivaji Park Youngsters won on 1st innings lead.

– Muslim United SC: 195 for 9 in 39.5 overs (Shashikant Kadam 77, Mahamad Yaseen Saudagar 34; Khizar Dafedar 4/55, Harsh Mendon 3/27)
Vs Dadar Union SC: 134 for 6 in 29 overs (Ashay Akre 45, Aadit Degaonkar 31)
*Result:* Match drawn.

– Payyade SC: 144 all out in 41.2 overs (Omkar Ghule 29, Vicky Patil 27, Vedant Gadia 26; Anikit Vishwakarma 3/16, Jagdish Jadhav 3/34, Sandeep Pawar 3/53)
Vs United Cricketers: 118 for 6 in 39.1 overs (Prithvik Pandit 45, Darshan Kamthe 27; Ajay Mishra 5/28)
*Result:* Match drawn.
https://www.freepressjournal.in/sports/kanga-league-vinayak-bhoirs-all-round-efforts-help-islam-gymkhana-brush-aside-khar-gymkhana

business, health, investment, market

Indian pharma, healthcare firms eye ₹13,000cr via IPOs

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The industry plans to raise an estimated ₹12,000–13,000 crore over the next six to nine months. According to data compiled by *The Economic Times*, around 15 companies from this sector are likely to enter the primary market soon.

**Market Activity: SEBI Receives DRHPs for Several Companies**

The Securities and Exchange Board of India (SEBI) has received draft red herring prospectuses (DRHPs) from several companies. Notably, Indira IVF refiled in July with an issue size of about ₹3,500 crore, while Sahajanand Medical Technologies filed for a ₹1,500 crore issue. Other significant filings include NephroPlus (approximately ₹2,000 crore), Molbio Diagnostics (₹200 crore), and Cotec Healthcare (₹500 crore).

**Fundraising Plans: Companies That Have Received SEBI’s Nod**

Among the companies that have secured SEBI’s approval are Rubicon Research, aiming to raise ₹1,085 crore, and Corona Remedies, planning to raise ₹800 crore. Additionally, other companies gearing up for initial public offerings (IPOs) include Paramesu Biotech (₹600 crore), Allchem Lifesciences (₹190 crore), Paras Healthcare (about ₹900 crore), Veeda Clinical Research (around ₹500 crore), and Gujarat Kidney and Superspeciality Hospital (₹128 crore). Genetix Biotech is also poised to file for an IPO soon.

**Trends: ART Sector Attracting Investor Interest Due to Strong Fundamentals**

Saurav Chaube, a research analyst at Samco Securities, highlighted a strategic shift in the assisted reproductive technology (ART) sector. He explained that growing investor interest is fueled by strong market fundamentals, such as increasing infertility awareness and favorable demographics.

Chaube further noted that companies like Indira IVF and Gaudium IVF have filed through the confidential route. This approach signals a maturing market where players seek to optimize their public offerings while minimizing early scrutiny and potential opportunist litigation.

**Industry Outlook: Pharma and Healthcare Increasingly in Focus Since COVID-19**

Samir Bahl, CEO of Anand Rathi Advisors, observed that global markets have increasingly concentrated on pharma and healthcare since the COVID-19 pandemic. He pointed out that countries like the US and India are ramping up investments in pharmaceutical and biotech innovation.

Bahl also remarked that Indian pharma companies are commanding high price-to-earnings ratios, reflecting favorable valuations and strong investor interest in the sector.
https://www.newsbytesapp.com/news/business/15-pharma-healthcare-firms-to-launch-ipos-in-coming-months/story

business, economy, government, industry, trade

‘Everything from chip to ship’: PM Modi calls for boost to Atmanirbhar Bharat

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**PM Modi Calls for Boost to Indigenous Production Across Sectors at UP International Trade Show 2025**

Prime Minister Narendra Modi has called for a significant boost to indigenous production across various sectors, emphasizing the importance of building a ‘Swadeshi’ economy. Speaking at the inauguration of the Uttar Pradesh International Trade Show-2025 (UPITS-2025) on Wednesday, PM Modi assured stakeholders that the government stands shoulder-to-shoulder with them in this journey.

Highlighting the government’s commitment to ease of doing business, the Prime Minister noted that several unnecessary compliances have been removed to help businesses thrive in India. “The government is putting a strong emphasis on Make in India manufacturing. We want everything from chip to ship to be manufactured in India; for this, we are focusing on your ease of doing business,” he said.

PM Modi further elaborated on the reforms, stating, “The government abolished more than 40,000 compliances, and more than a thousand laws were decriminalised. We are standing with you shoulder-to-shoulder,” addressing the business fraternity and traders present at the event.

Despite global disruptions and uncertainties, the Prime Minister expressed confidence in India’s growth potential. “Disruptions don’t hinder us, but even in those circumstances, we look for new directions. Amid all these disruptions, India is strengthening the foundations for the coming decades. Our resolve and mantra is Atmanirbhar Bharat. Nothing can be more helpless than being dependent on others. The more a country stays dependent on others, the more its growth is going to stay compromised,” he added.

PM Modi also stressed the importance of maintaining quality in indigenous products. “Every citizen is adopting Swadeshi, ‘Garv se kaho hum swadeshi hai’. Our traders will have to proudly adopt this mantra,” he said. He called for creating an ecosystem that gives special emphasis to Swadeshi designs, while urging private investment in research and innovation. “Without innovation, the world stops, businesses halt,” he remarked.

### About the Uttar Pradesh International Trade Show 2025

The trade show, held from September 25 to 29, carries the theme “Ultimate Sourcing Begins Here” and focuses on three core objectives: innovation, integration, and internationalisation. UPITS-2025 aims to connect international buyers, domestic Business-to-Business (B2B) buyers, and domestic Business-to-Consumer (B2C) buyers through a three-pronged buyer strategy, offering opportunities for exporters, small businesses, and consumers alike.

This platform will showcase Uttar Pradesh’s diverse craft traditions, modern industries, robust MSMEs, and emerging entrepreneurs. Key sectors represented at the event include handicrafts, textiles, leather, agriculture, food processing, IT, electronics, and AYUSH, among others. The trade show will also celebrate the state’s rich art, culture, and cuisine under one roof.

Adding strategic significance, Russia will participate as a partner country, facilitating new avenues for bilateral trade, technology exchange, and long-term cooperation.

The event expects participation from over 2,400 exhibitors, approximately 125,000 B2B visitors, and about 450,000 B2C visitors.

*(With inputs from ANI)*
https://www.mid-day.com/news/india-news/article/everything-from-chip-to-ship-pm-modi-calls-for-boost-to-atmanirbhar-bharat-manufacturing-23595743

ai, art, business, creativity, technology

Google Launches AI-Powered Mood Board App Mixboard: 5 Reasons Why Its Better Than Pinterest

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Google Labs has launched Mixboard, an experimental AI-powered mood board app designed to transform the way users brainstorm and develop ideas visually. This innovative tool positions itself as a creative platform where users can explore and refine concepts using AI-generated content, aiming to rival popular platforms like Pinterest.

Unlike Pinterest, which primarily collects and curates existing images, Mixboard takes a unique approach by generating original visuals. Powered by Google’s ‘Nano Banana’ image editing model, Mixboard enables users to create unique images based on text prompts, opening up new possibilities beyond pre-existing content.

One of the standout features of Mixboard is its natural language editing capabilities. Users can manipulate their boards through simple conversational commands such as “make it more minimal” or “blend these two concepts.” This intuitive interface lets users make dynamic adjustments without any prior design expertise.

Additionally, Mixboard excels in context-aware text generation. The platform can automatically generate descriptive text that aligns with the visual context of images on mood boards. This feature helps users articulate their creative vision more clearly and provides automatic descriptions for each visual element.

Exploring creative alternatives is easy with Mixboard’s one-click variation options. Features like “regenerate” and “more like this” allow users to instantly view multiple iterations of their ideas, streamlining the creative process and fostering experimentation.

Another key advantage is Mixboard’s integrated text and visual workflow. The platform features an open canvas format where users can combine text prompts with visual elements seamlessly. This integration enables users to start projects from written concepts and smoothly transition between text-based ideation and visual creation—a functionality not available on Pinterest.

Mixboard is designed for a wide range of creative applications such as home decor planning, event themes, product development, and DIY projects. As an experimental project from Google Labs, the platform focuses on making AI-powered creative tools accessible to general users seeking inspiration and innovation.

Currently, Mixboard is available exclusively to users in the United States and remains in an experimental beta phase. Keep an eye out as this promising creative tool evolves and expands its reach in the near future.
https://www.freepressjournal.in/tech/google-launches-ai-powered-mood-board-app-mixboard-5-reasons-why-its-better-than-pinterest