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News on Medial
Roche chairman calls industrial subsidies a ‘waste of money’
Livemint
·
10m ago
Medial
Roche's Chairman, Severin Schwan, has criticised the recent surge in industrial subsidies provided by governments in the US and Europe, calling them a waste of money. Schwan believes that these subsidies distort competition and hinder a level playing field. The US and the European Union have accused China of giving its companies an unfair advantage through subsidies. While Schwan did not comment on China's subsidy policies, he suggested that the country should not try to match Western subsidy initiatives, urging them to focus on investing in basic research instead.
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Related News
How Jaipur’s ECOWRAP Is Using AI To Make Waste Segregation Sustainable
Inc42
·
8m ago
Medial
India currently faces a significant waste management crisis due to its rapid urbanization and industrial growth. The country produces over 50 million metric tonnes of municipal solid waste annually, which is expected to increase to 125 million metric tonnes by 2031. Proper segregation of biodegradable, recyclable, and non-recyclable materials is crucial for effective waste management. While there are guidelines and licenses required for setting up recycling units, waste collection is not mandatory. Efforts like the iStart initiative have helped in building partnerships and improving waste management practices. Despite the collection of a significant amount of waste, a portion still goes unaccounted for or ends up in landfills.
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Waste from Adidas, Walmart, used as fuel in Cambodia's brick factories
Economic Times
·
1y ago
Medial
A report by a Cambodian rights group reveals that waste from 19 international brands, including Adidas and Walmart, is being used as fuel in brick factories in Cambodia. This practice is causing health issues for workers, with some reporting headaches and respiratory problems. Burning garment waste can release toxic substances, including cancer-causing dioxins. Brands like Primark and Lidl have stated that they are investigating the matter. Industrial waste management and environmental compliance are key concerns raised by this report.
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Who was Ranjit Shahani: A titan in India's pharmaceutical, business landscape
Livemint
·
1y ago
Medial
Ranjit Shahani, former Vice Chairman and Managing Director of Novartis India, has passed away. Shahani had a significant impact on the pharmaceutical and healthcare domains in India through his leadership roles. With a background in mechanical engineering and an MBA, he held various positions in companies like ICI and Zeneca before joining Roche and then Novartis. In addition to his corporate roles, Shahani was involved in various organizations and advisory boards within the industry. He was known for his strategic acumen and commitment to excellence.
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China import concerns spur US to launch semiconductor supply chain review
Economic Times
·
1y ago
Medial
The US Department of Commerce plans to conduct a survey of the semiconductor supply chain and national defense industrial base to address national security concerns related to Chinese-sourced chips. This survey aims to identify how US companies are sourcing legacy chips and reduce the national security risks posed by China. The US will award nearly $40 billion in subsidies for semiconductor chip manufacturing and wants to promote a level playing field for chip production. China has provided an estimated $150 billion in subsidies to its semiconductor industry in the last decade.
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KKR to carve out RE Sustainability unit
Livemint
·
1y ago
Medial
Private equity firm KKR is reportedly planning to separate the municipality business from RE Sustainability Ltd, formerly known as Ramky Enviro Engineers Ltd. The firm aims to sell the unit back to its original promoters, believing that removing the municipality business will make the company more appealing to potential buyers. KKR acquired a majority stake in Ramky Enviro Engineers in 2018. The company offers various waste management services, including municipal and industrial waste, recycling, and waste-to-energy projects. Attempts to sell the company have been made in the past but did not materialize.
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RecommerceX Nets $3.6 Mn To Build Solutions For Recycling Industrial Waste
Inc42
·
11m ago
Medial
RecommerceX, a startup specializing in recycling industrial waste, has raised $3.6 million in seed funding. The company plans to use the funding to improve its technology and expand its operations. RecommerceX aims to transform the recycling industry by setting new standards and offering traceable and tax-compliant recycled materials. The company focuses on plastics, metals, and e-waste and targets medium to large manufacturers, providing them with a transparent supply chain for recycled materials.
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TechnoSport to invest Rs 100 crore to set up state-of-the-art activewear manufacturing facility in Odisha
IndianStartupNews
·
8d ago
Medial
TechnoSport has partnered with the Government of Odisha to invest Rs 100 crore in establishing an activewear manufacturing facility as per their MoU at Odisha-Tex 2025. This initiative will create over 1,000 jobs and contribute to Odisha's industrial growth and development. Located in a modern industrial estate, the facility will boost exports exceeding $100 million and RPG revenues. With a focus on women workers, it will feature a smart factory using renewable energy and recycling fabric waste.
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Delhi's draft Industrial Policy proposes financial incentives to promote AI, fintech
YourStory
·
18d ago
Medial
Delhi's draft Industrial Policy 2025-35 proposes financial incentives to boost sectors like AI and fintech, aiming to foster a "future-ready, non-polluting industrial ecosystem." The policy includes setting up a Rs 400 crore venture capital fund, offering 50% fixed capital investment reimbursement up to Rs 50 crore per project, and providing various subsidies. It targets generating employment and attracting global companies to Delhi, while also focusing on research, hospitality, and infrastructure development. Comments are invited from stakeholders by July 30.
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DPIIT partners with Roche India, HDFC Capital Advisors to help startups in affordable housing, healthcare
IndianStartupNews
·
6d ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with HDFC Capital Advisors and Roche India to support startup innovations in affordable housing and healthcare. The partnership with HDFC focuses on affordable housing and PropTech, offering growth opportunities and mentorship. The collaboration with Roche aims to support startups in critical therapeutic areas, providing mentorship, pilot studies, and technology access. These initiatives align with India's goals of creating an inclusive, innovation-driven startup ecosystem.
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KKR Plans Re Sustainability Split, to Monetise Some Ops; Tata Sons charts out big digital invest
VCCircle
·
1y ago
Medial
Private equity firm KKR intends to restructure and monetize its industrial waste management business, Re Sustainability Ltd, at a minimum valuation of $1 billion. KKR currently holds a 60% stake in the company and plans to acquire the remaining 40% stake from founder Ayodhya Rami Reddy. In other news, Tata Sons has outlined significant investments in digital ventures.
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