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[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

The full benefit for these Indian manufacturers will not be immediate, said Peter DeYoung, CEO of Piramal Pharma Solutions. Nimgaonkar said Indian CDMOs need to do more to ensure their reputation on quality standards matches Western and Chinese ones. The Indian CDMOs told Reuters that their facilities are routinely inspected by the FDA. Aragen counts seven of the 10 biggest pharma companies as clients, he said, declining to name them. "New biotechs are deciding to put eggs in both the Indian and China baskets from the start," Subramanian said.

Persons: Trump, Tommy Erdei, Ashish Nimgaonkar, Nimgaonkar, Sai, Peter DeYoung, Helen Chen, CDMOs, Piramal, DeYoung, Ramesh Subramanian, Subramanian, Maggie Fick, Andrew Silver, Michele Gershberg, Catherine Evans Organizations: Jefferies, Glyscend Therapeutics, Reuters, Sciences, Piramal Pharma, Sai Life Sciences, Western pharma, Piramal Pharma Solutions, L.E.K, Consulting, pharma, U.S . Food, Drug Administration, FDA, Thomson Locations: China, India, SHANGHAI, HYDERABAD, U.S, Shanghai, United States, London, Hyderabad

BHUBANESWAR, India, Oct 30 (Reuters) - The death toll from a train crash in India has risen to 13, with 39 injured, an official said on Monday, with investigators suspecting human error was the cause of the crash in the south-eastern state of Andhra Pradesh. [1/2]Rescue workers and police officials stand next to damaged coaches following a collision between two passenger trains in Vizianagaram district in the southern Andhra Pradesh state, India, October 30, 2023. REUTERS/R.Narendra Acquire Licensing RightsThe railway ministry said a preliminary investigation found that "human error" that led to "overshooting of signal" by the Visakhapatnam-Rayagada train. The accident came months after India's state-run railway system suffered its worst crash in two decades when 292 people were killed. Reporting by Jatindra Dash in Bhubaneswar, Rishika Sadam in Hyderabad; writing by Tanvi MehtaOur Standards: The Thomson Reuters Trust Principles.

Persons: Jatindra, Tanvi Mehta Organizations: Palasa Express, Reuters, REUTERS, Railways, Thomson Locations: BHUBANESWAR, India, Andhra Pradesh, Visakhapatnam, Vizianagaram district, Bhubaneswar, Rishika Sadam, Hyderabad

☆ Cough syrup deaths overseas prompt US crackdown on toxic testing
▼ + stars: | 2023-09-26 | by ( Patrick Wingrove | ) www.reuters.com time to read: +6 min

Defendants and lawyers attend a court hearing in the case of child deaths linked to contaminated cough syrups, in Tashkent, Uzbekistan August 16, 2023. Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. IMPORT ALERTSThe FDA warning letters give manufacturers an opportunity to fix quality control problems or face penalties. In addition, 13 U.S. makers of consumer products like earwax removers, nasal spray, hand soap and shampoo, including Lex, were threatened with possible seizures and injunctions by the FDA.

Persons: Stringer, Paul Hastings, Peter Lindsay, syrups, Lex, Charlene Paz, Greg Landry, Patrick Wingrove, Rishika, Joyce Lee, Michele Gershberg, Bill Berkrot Organizations: REUTERS, U.S, FDA, Drug Administration, EG, Reuters, South, South Korea's LCC, LCC, Daxal Therapeutics, Herbals, South Korea’s KM Pharmaceutical, Sangleaf Pharma, Massachusetts College of Pharmacy & Health Sciences, Thomson Locations: Tashkent, Uzbekistan, U.S, India, South Korea, Switzerland, Canada, Egypt, Washington ,, Indonesia, United States, Florida, South Korea's, South, New York, Rishika Sadam, Hyderabad, Seoul

☆ India's Skyroot expects to double rocket launches amid Chandrayaan-3's success
▼ + stars: | 2023-08-28 | by ( Rishika Sadam | ) www.reuters.com time to read: +2 min

Skyroot Aerospace's logo is seen in this picture illustration taken November 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHYDERABAD, Aug 28 (Reuters) - Skyroot Aerospace, which launched India's first private rocket in 2022, aims to double its planned launches starting next year on a likely boost to the country's fledgling private space sector from the success of the Chandrayaan-3 moon mission. The company conducted India's first private rocket launch looking to cut satellite launch costs in an industry fast getting crowded as various firms build out networks to deliver broadband services, which need small satellite launches. Chandana said the company plans to ramp up its 280-member workforce by 20% in the next two years to support the expected increase in launches. So, the next large fundraising round, the Series C round, will probably be in 2024 end," Chandana said.

Persons: Dado Ruvic, Pawan Kumar Chandana, Chandana, GIC, Rishika Sadam, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: REUTERS, Rights, Skyroot Aerospace, Reuters, Indian Space Research, Thomson Locations: Hyderabad, India

☆ India's Cyient posts Q1 profit jump but misses estimates as costs rise
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

The Hyderabad-based company reported a 45% rise in consolidated net profit of 1.68 billion rupees ($20.53 million)for the first quarter ended June 30th 2023, compared with 1.16 billion rupees a year ago. Analysts, on average, were expecting Cyient to earn 1.73 billion rupees ($21.14 million), as per Refinitiv data. Cyient said its U.S. subsidiary incurred legal costs of 111 million rupees ($1.36 million) during the quarter, and overall expenses rose 30%. For Cyient, revenue from its biggest Digital, Engineering and Technology (DET) segment rose to 14.5 billion rupees ($177.09 million), up from 10.6 billion rupees($129.58 million)a year earlier. Consolidated revenue from operations rose 35% to 16.9 billion rupees ($206.40 million) for the quarter.

Persons: Cyient, Krishna Bodanapau, Rishika Organizations: U.S, Infosys, Tata Consultancy Services, Wipro, Engineering, Technology, Thomson Locations: HYDERABAD, Hyderabad

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