Asia-Pacific

January 27, 2025 12:26 PM

Asia-Pacific healthcare market to reach $5 trillion by 2030, Indian CDMOs poised for global growth: report

The Asia-Pacific healthcare market is on track to hit $5 trillion by 2030, driving 40 per cent of global sector growth, according to a report on Monday. The report by Boston Consulting Group (BCG) noted that the unprecedented expansion is fuelled by rapid demographic shifts, investment influxes, and ground-breaking technology applications. The expansion also includes advancements in new therapies and modalities by Indian contract development and manufacturing organisation (CDMOs). “Innovati...

September 18, 2024 5:47 PM

Sensex, Nifty fall marginally ahead of Fed policy decision

India’s benchmark indices closed flat on Wednesday as investors awaited the US Federal Reserve's policy decision on a potential rate cut. The Nifty slipped 41 points, or 0.16%, ending at 25,377.55, after hitting an intraday high of 25,482.20. Similarly, the BSE Sensex lost 131.43 points, or 0.16%, closing at 82,948.23, down from its peak of 83,326.38 earlier in the day. Among the top gainers were Shriram Finance, Bajaj Finance, Bajaj Finserv, Nestle India, and ICICI Bank, while major tech st...

June 19, 2024 5:34 PM

China eyes plan to connect Southeast Asian rail links

China said it was willing to study a plan to connect Malaysia's $10-billion East Coast Rail Link (ECRL) to other China-backed railway projects in Laos and Thailand, potentially expanding Beijing's Belt and Road initiative across Southeast Asia. Chinese Premier Li Qiang, who is on a three-day visit to Malaysia, said on Wednesday the proposal would make the central line of a proposed Pan-Asia Railway, running from Kunming in China to Singapore, a reality. "This will better promote the constructi...