Business
Startup policy shift: Govt doubles turnover limit to Rs 200 crore; what it means for founders and deep tech ecosystem – The Times of India
The government has expanded the criteria for recognising entities as startups by doubling the turnover threshold to Rs 200 crore, while also introducing a new recognition category for ‘Deep Tech Startups’, aimed at supporting high-technology and research-driven enterprises.The move is part of broader efforts to align policy support with the evolving nature of India’s startup ecosystem, which is increasingly shifting towards longer innovation cycles, higher capital intensity and delayed commercialisation, especially in deep technology, manufacturing and R&D-led sectors.
According to a notification issued by the Department for Promotion of Industry and Internal Trade (DPIIT), the turnover limit for startup recognition has been increased from Rs 100 crore to Rs 200 crore, while new norms have also been framed for Deep Tech Startups, PTI reported.
Deep Tech Startup criteria expanded
For Deep Tech Startups, the government has significantly expanded both age and turnover limits.Under the revised framework:• Age limit has been extended from 10 years to 20 years from the date of incorporation or registration• Turnover limit has been increased to Rs 300 crore“This step addresses the unique requirements of deep tech entities operating in areas with long gestation periods, high R&D intensity, and capital-intensive development cycles,” the DPIIT said.
Startup recognition extended to cooperatives
In another key policy change, startup recognition eligibility has now been extended to certain cooperative enterprises to support innovation-led growth at the grassroots level.Eligible categories include:• Multi-state cooperative societies registered under the Multi-State Cooperative Societies Act, 2002• Cooperative societies registered under State and Union Territory Cooperative ActsThe move is aimed at encouraging innovation in agriculture, allied sectors, rural industries and community-based enterprises.
Why the criteria were changed
The government said the revisions reflect structural shifts in India’s startup ecosystem over the past decade, where several innovation-led enterprises outgrow existing age or turnover limits despite still being in development or validation stages.“Keeping in view the evolving startup ecosystem and the need to support startups with targeted benefits at various stages of their business lifecycle, the turnover limit for recognition as a startup has been increased from Rs 100 crore to Rs 200 crore,” the notification said.The decision follows consultations with multiple stakeholders across the startup ecosystem as well as various ministries and departments.
Expected impact on the startup ecosystem
The updated criteria are expected to:• Expand access to policy benefits for research and innovation-driven enterprises• Support deep tech ventures requiring longer development timelines• Enable cooperatives to drive innovation in agriculture and rural sectorsThe government said that as Startup India enters its second decade, the reforms are aimed at creating a more predictable, inclusive and future-ready policy environment, while also helping attract long-term patient capital into high-technology and R&D-intensive sectors.So far, around two lakh entities have been recognised as startups. Recognised startups are eligible for multiple incentives, including income tax benefits under the Startup India initiative.
Business
The White House is launching direct-to-consumer drug site Trump Rx. Here’s what to know
President Donald Trump makes an announcement from the Oval Office at the White House in Washington, Nov. 6, 2025.
Jonathan Ernst | Reuters
President Donald Trump on Thursday is slated to announce the launch of TrumpRx — a direct-to-consumer website that is key to his administration’s efforts to lower prescription drug costs in the U.S.
In a post on X, White House press secretary Karoline Leavitt said Trump and other administration officials will debut the website at 7 p.m. ET on Thursday.
She said millions of Americans would save money through TrumpRx, but it’s still unclear if all patients — particularly those with insurance coverage — will see more cost savings from using that site to buy their medicines. TrumpRx targets people who are willing to pay with cash and forgo insurance, which suggests that people without or with limited coverage may benefit the most.
The site is not expected to sell drugs directly to American patients, but will act as a central hub that points them to drugmakers that are offering discounts on certain products on their own direct-to-consumer sites. For example, Eli Lilly and Novo Nordisk have offered their blockbuster obesity drugs at hefty discounts to cash-paying patients.
In recent months, both companies and at least 14 other drugmakers have negotiated agreements with the Trump administration to participate on the platform and voluntarily sell certain medicines at a discount to Medicaid patients. Those landmark deals are part of Trump’s broader “most favored nation” policy, which pushes to link U.S. drug prices to the lowest ones abroad.
It is the government’s latest effort to try to rein in U.S. prescription drug prices, which are two to three times higher on average than those in other developed nations — and up to 10 times more than in certain countries, according to the Rand Corp., a public policy think tank.
But TrumpRx “doesn’t seem like it is the only solution” to that issue for most Americans, said Juliette Cubanski, deputy director of the program on Medicare Policy at KFF, a health policy research organization. The cash-pay offerings could be better deals for patients without insurance, but it’s difficult to assess exactly how many people stand to benefit from TrumpRx, she added.
“If they’re able to get a drug covered by their insurance at a relatively affordable copay, then there’s not a great upside to using the TrumpRx website,” Cubanski said.
She said people with insurance coverage who buy through direct-to-consumer platforms may also not have their purchases count toward their benefits, which means it doesn’t help them meet their deductible or out-of-pocket maximum.
But Cubanski said there’s potential for TrumpRx to be helpful in expanding access to certain drugs at more affordable prices, particularly medicines not covered widely by insurance in the U.S., such as obesity drugs. Medicare will start covering weight loss treatments for the first time later this year as part of the deals Lilly and Novo struck with Trump, but many employers are still hesitant to cover those drugs.
Still, many of the other products expected to be listed on TrumpRx are already widely covered through insurance, and some are available as cheaper generics from competing drugmakers.
Questions about savings
Questions remain about how much savings people can expect if they buy their medicines at direct-to-consumer prices.
The announced price reductions for certain drugs are framed as steep cuts from their so-called retail list prices. For example, under Novo Nordisk’s agreement with the administration, its diabetes drug Ozempic will be priced at $350 per month on TrumpRx, which is less than half of its roughly $1,000 monthly list price.
But those list prices are often far higher than what private insurers and government programs ultimately pay for medicines after rebates, discounts and other concessions, according to researchers at Georgetown’s Medicare Policy Initiative. That suggests some payers may already be securing prices comparable to — or lower than — the newly announced discounts on medications under the Trump deals.
The Georgetown researchers cited one study that found that average discounts on brand-name drugs in Medicare Part D run around 40% of list prices. Meanwhile, discounts in Medicaid exceed 75%, according to a Congressional Budget Office study.
In the private sector, “we’ve got insurers and pharmacy benefit managers negotiating lower prices and designing an insurance benefit that enables people to benefit from those price negotiations,” said KFF’s Cubanski.
“My guess is that for most drugs, at least most brand-name medications, people are likely to get a better deal using their insurance rather than purchasing a drug through a direct-to-consumer website,” she said.
Drugs on TrumpRx
The administration has not provided a full list of drugs that will be listed on TrumpRx.
But available information from recent drug pricing deals indicates many widely used drugs will have discounted prices listed on the site:
- Ozempic injection for diabetes, made by Novo Nordisk: $350 per month, down from around $1,000
- Wegovy injection for obesity, made by Novo Nordisk: $350 per month, down from around $1,350
- Wegovy pill for obesity, made by Novo Nordisk: $150 per month for the starting doses
- Zepbound injection for obesity, made by Eli Lilly: $350 per month, down from $1,086
- Trulicity for diabetes, made by Eli Lilly: $389 per month, down from about $1,000
- Emgality for migraines, made by Eli Lilly: $299, down from around $764
- Repatha for lowering cholesterol, made by Amgen: $239, down from $573
- Reyataz for HIV, made by Bristol Myers Squibb: $217, down from $1,449
- Januvia for diabetes, made by Merck: $100, down from $330
- Epclusa for hepatitis C, made by Gilead: $2,425, down from $24,920
- Jentadueto for diabetes, made by Boehringer Ingelheim: $55, down from $525
- Xofluza for flu, made by Genentech: $50, down from $168
- Advair Diskus inhaler 500/50, made by GSK: $89, down from $265
- Mayzent for multiple sclerosis, made by Novartis: $1,137, down from $9,987
- Plavix, made by Sanofi: $16, down from $756
In an interview with CNBC at a conference in January, Bristol Myers Squibb CEO Chris Boerner said the company has multiple products on its existing direct-to-consumer platform, which first offered a cash-pay discount on its blood thinner Eliquis. That platform will link to TrumpRx, he said.
The company is going to examine ways to put additional products in its portfolio on its own platform, “where it makes sense,” Boerner added. He said Bristol Myers is “aligned with the administration” on the issue of the U.S. health care system being too complex, and said several middlemen can increase costs.
“What we like about these [direct-to-consumer models], where they make sense from a business standpoint, is you’re able to circumvent some of that,” Boerner said.
Meanwhile, in an exclusive interview with CNBC last week, Eli Lilly CEO Dave Ricks said the company was the first drugmaker to sell obesity treatments directly to patients, and that TrumpRx is “taking that and expanding it across the industry” to other medicines.
“We’re all for that,” Ricks said.
Business
Nykaa’s quarter 3 net profit up 2.5x to Rs 68 crore – The Times of India
MUMBAI: Nykaa’s net profits more than doubled to Rs 67.7 crore on a consolidated basis in the Dec quarter from Rs 26.4 crore in the year-ago quarter. Revenue from operations increased to Rs 2,873.2 crore from Rs 2,276.2 crore in the year ago period on the back of robust consumer demand for beauty products and growth in fashion. In a filing to the exchanges on Thursday, the company said that it posted its higher ever consolidated GMV (gross merchandise value) to date in Q3 at Rs 5,975 crore, a 28% year-on-year growth. GMV is the total value of goods sold through an e-commerce platform. It is calculated before the deduction of fees and expenses.
Business
Wedgwood to cut jobs at Staffordshire’s Barlaston factory
Seventy workers at the Staffordshire site were put on temporary leave last year due to slow demand.
Source link
-
Entertainment1 week agoClaire Danes reveals how she reacted to pregnancy at 44
-
Politics1 week agoTrump vows to ‘de-escalate’ after Minneapolis shootings
-
Sports1 week agoTammy Abraham joins Aston Villa 1 day after Besiktas transfer
-
Business1 week agoPSX witnesses 6,000-point on Middle East tensions | The Express Tribune
-
Entertainment1 week agoK-Pop star Rosé to appear in special podcast before Grammy’s
-
Tech1 week agoThe Surface Laptop Is $400 Off
-
Tech1 week agoHere’s the Company That Sold DHS ICE’s Notorious Face Recognition App
-
Tech4 days agoHow to Watch the 2026 Winter Olympics
