Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said its buildings and factories business vertical has bagged multiple orders.The company has bagged a project from the Institute of Neurosciences Kolkata, for constructing a medical college and hospital campus in Kolkata on a design and build mode. This involves a 605-bed hospital and a medical college.
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Vaccines manufacturer Serum Institute of India on Friday said it is acquiring 20% stake in IntegriMedical, to advance needle-free injection system technology. IntegriMedical has developed a US patented needle-free Injection System (N-FIS) that utilises high-velocity jet stream using mechanical power to effectively and consistently administer biologics and drugs, SII said in a statement.
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In what seemed to be a veiled response to Raghuram Rajan's recent comments, Finance Minister Nirmala Sitharaman emphasised on the need to focus on increasing India's share of manufacturing in global value chains with the help of appropriate policies.Speaking at the Confederation of Indian Industry (CII) Annual Business Summit, Sitharaman said that "manufacturing must increase."
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