CATEGORIES

Pharmexcil probes drug smuggling case

Safe Formulations Pvt Ltd registered with Pharmexcil in 2008 as a small-scale manufacturer. Pharmexcil has asked the company to furnish the details of licensees, procurers, manufacturing license copies and product permissions of the drug by 27 April, failing which its registration will be suspended, said Pharmexcil director general Uday Bhasker.

Mongolia eyes Indian firms to expand its rail network

Connectivity is at the forefront of the partnership between India and Mongolia. Both countries are discussing establishing regular direct flights in a bid to bring both sides closer economically.

States told to settle dues to body that lights up streets

Urban affairs ministry prepares mechanism where states can deduct dues from future allocations

Auditor of Coffee Day Group entity debarred for 10 yrs

The audit regulator said its investigations showed that the auditor failed to meet the relevant requirements of auditing standards in a number of significant aspects and demonstrated a serious lack of competence.

'60% chance of drought this year'

According to Jatin Singh, managing director of Skymet, IMD may have some limitations in presenting its first forecast as ‘below normal’

Minimal impact of El Nino on rainfall: IMD DG Mohapatra

The impact of El Nino on this year’s monsoon will be minimal, said Mrityunjay Mohapatra, director-general of India Meteorological Department (IMD).

SBI seeks oil data to avoid sanction risk

Given its large exposure to the US, SBI aims to avoid penalties

India, China To Speed Up Resolution Of Standoff

The Chinese defence ministry said that top military officials of India and China during their latest round of talks have agreed to "speed up" the settlement of "relevant issues" related to the prolonged standoff in eastern Ladakh besides safeguarding peace in the border areas.

India seems unable to match China on technocratic talent

The world’s newest most populous country faces steep challenges

Govt sees risks to growth amid OPEC cuts, El Nino concerns

The finance ministry on Tuesday flagged the downside risks to the official forecast of 6.5% economic growth rate in FY24 arising from oil production cut by the OPEC, troubles in the financial sector in developed markets impeding cash flows and elevated risks to the monsoon rains from El Nino which could impact farm output and prices.

Britain set to adopt new legal powers to take on Big Tech

Britain is bringing in a new law similar to European Union in a bid to counter the dominance of big tech companies like Google, Amazon and Facebook

Centre works to fix airport crowding as air travel soars

Plan to ease rush with more screening points, digitalized pre-queuing, and limited flights

Govt beefs up telecom infra in border areas

The telecom dept has increased infra spending to ensure connectivity

SK Finance to raise ₹410 cr from FMO

Private equity-backed non-bank lender SK Finance (formerly Ess Kay Fincorp) is set to raise $50 million (around ₹410 crore) from Dutch development finance institution FMO.

PE firms eye digital tech biz MediaMint

Founded in 2010, MediaMint has previously never raised capital. It has over 1,300 employees and offers video and mobile advertising services to advertising agencies, publishers, and platforms, according to its website.

Cement makers' quest for market share could last beyond Q4

Despite robust demand and higher industry clinker utilization in FY23, elevated competitive intensity across regions has prevented margin-accretive price hikes (in Q4).

Nestle needs a margin sweetener

The company’s operating revenue grew by 21% year-on-year (y-o-y) to ₹4,831 crore in the last quarter, surpassing analysts’ expectations.

Quality control for footwear being enforced too early, say retailers

Bodies representing large footwear retailers also want their existing inventory — procured or manufactured before the quality control orders (QCO) — to be exempt from the mandatory qualiity certification.

Module quality norms to be tightened

The move involves tightening the norms under the approved list aimed at ensuring compliance

India to seek easier visa rules in UK FTA

India intends to persist in advocating for relaxed visa regulations for skilled professionals hired by its companies investing in the UK, as it seeks to complete a free trade agreement (FTA) with the UK by the end of 2023.

Govt directs data check as roads miss target for 2nd yr

In FY22, 10,457 km of highways were built against a 12,000 km target due to the pandemic

Biden opens '24 bid, with possible Trump rematch

President Joe Biden formally announced that he would seek re-election in 2024, readying a historic campaign against a Republican field dominated by his predecessor while economic uncertainty clouds his case for a second term.

Frauds will persist, need effective controls: MCA

The Serious Fraud Investigation Office (SFIO), which increased its capacity in FY23, completed 23 investigations during the year, up from 13 in the year before, the ministry of corporate affairs (MCA) said, adding the government was committed to combating fraud

Block deals hit record as PES guard returns in rough Street

The combined value of block deals hit a record ₹1.87 trillion in FY23, up 63% from the preceding fiscal year, shows data compiled by Prime Database

Serum arm to double investment in Biocon unit

This is an addition to Serum’s previous investment in November 2022, when it invested $150 million for a stake in the biosimilar subsidiary.

IndiGo in talks to buy 20 wide-body planes for int'l ops

For IndiGo, another 480 jets, largely narrow-body aircraft and some turboprop jets, are in the pipeline

RBI may scrutinize Kotak's board term

Bank shareholders okayed his board role after MD term ends

Pvt Hospitals Go Slow On Booster Jabs Even As Covid Cases Increase

Many leading private hospitals have stopped offering booster doses in response to a reluctance among the general public to take the jab despite a surge in cases of covid-19

The US Mustn't Forget Lessons Taught By Its Opioid Epidemic

Authorities must act against drug addiction before it turns deadly

We need public figures to warn of Ponzi scams

In the virtual world of finance, every step is fraught with risk for ordinary folks