News for 'Regulatory Agencies'

Indian scientists develop low-cost COVID-19 test, Feluda

Indian scientists develop low-cost COVID-19 test, Feluda

Rediff.com22 Apr 2020

Named after 'Feluda', the detective character in legendary filmmaker Satyajit Ray's stories, the test has been developed by Debojyoti Chakraborty and Souvik Maiti as a simpler way of detecting SARS-coV2 presence in clinical samples, IGIB Director Anurag Agarwal said.

'Regulatory regime has brought us a world of good'

'Regulatory regime has brought us a world of good'

Rediff.com24 Dec 2009

Rating agency Standard & Poor's is using the experience of working with the Indian rating agency, Crisil, a subsidiary of S&P, to its advantage. Deven Sharma, president, Standard & Poor's, spoke to Rajesh Bhayani

As drug firms squirm, authorities look abroad for cure

As drug firms squirm, authorities look abroad for cure

Rediff.com23 Sep 2013

DCGI, health ministry initiate dialogues with foreign regulators, try to understand global best practices

Pressure on UK to review Covid vax rules for Indians

Pressure on UK to review Covid vax rules for Indians

Rediff.com21 Sep 2021

The UK government is under increasing pressure on Monday to review its COVID-19 vaccine protocol in place for travellers from India, after its updated rules effective from next month failed to recognise Indian vaccines under an expanded list of countries.

Radiation: Atomic agencies seek Greenpeace's help

Radiation: Atomic agencies seek Greenpeace's help

Rediff.com17 May 2010

Environmental organisation Greenpeace claimed that its recent findings -- about sources of radiation existing in the scrap market in Delhi's Mayapuri area -- has forced the Atomic Energy Regulatory Board, the Bhabha Atomic Research Centre, the National Disaster Response Force and the Narora Atomic Power Plant team to re-start their decontamination procedures in Mayapuri.Exposure to radioactive material Cobalt-60 had claimed one life and caused injuries to 11 people in April.

'Every day, we hear about factories closing down'

'Every day, we hear about factories closing down'

Rediff.com15 Nov 2019

'Businessmen are reluctant to invest because there is a fear that private investors are being targeted by various agencies.'

ED raids Franklin Templeton premises in money laundering case

ED raids Franklin Templeton premises in money laundering case

Rediff.com16 Mar 2023

The Enforcement Directorate is conducting searches at some places linked to asset manager Franklin Templeton and its former and current executives as part of a money laundering investigation, officials said on Thursday. The federal agency is looking to gather more evidence as part of its investigation against the company and its promoters under the Prevention of Money Laundering Act (PMLA). Office and residential premises in Mumbai and Chennai are being searched, they said.

What The World Looks Like At Mid-Year

What The World Looks Like At Mid-Year

Rediff.com26 Jun 2023

The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.

SC rejects govt's sealed cover on Adani panel names, to choose experts

SC rejects govt's sealed cover on Adani panel names, to choose experts

Rediff.com17 Feb 2023

The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for stock markets in the wake of the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.

SC to hear Congress leader's PIL for Adani probe on Friday

SC to hear Congress leader's PIL for Adani probe on Friday

Rediff.com15 Feb 2023

The Supreme Court on Wednesday agreed to hear on February 17 a fresh plea of a Congress leader seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.

6 entities under lens for suspicious trading in Adani shares: SC panel

6 entities under lens for suspicious trading in Adani shares: SC panel

Rediff.com21 May 2023

Six entities including four foreign portfolio investors (FPIs) are under lens for suspicious trading in Adani group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of the Hindenburg report, and substantial profits were booked thereafter as stocks crashed, the 178-page report said. A "short" position is generally the sale of a stock one does not own.

India probes four cough syrups after 66 Gambian children's deaths

India probes four cough syrups after 66 Gambian children's deaths

Rediff.com6 Oct 2022

India's drug regulator has initiated a probe and sought further details from the WHO after the global health body issued an alert that cough syrups manufactured by an Indian firm could potentially be linked to the death of children in Gambia.

Air freight stations planned to transport Covid vaccines

Air freight stations planned to transport Covid vaccines

Rediff.com30 Nov 2020

The government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.

Fitch affirms ICICI Bank rating with negative outlook

Fitch affirms ICICI Bank rating with negative outlook

Rediff.com30 Nov 2021

Fitch Ratings has affirmed ICICI Bank's ratings at 'BB+' with a negative outlook and retained the lender's viability rating at BB. The negative outlook comes despite the agency recently revising upwards the operating environment outlook of domestic banks to stable from negative, citing better than expected recovery in business and economic activity following the COVID-19 second wave. Economic momentum and regulatory measures should support modest improvements in the domestic banks' financial profiles over the next 12-24 months, even though challenges remain the agency said in a late Monday note.

Bengaluru incident: Go First grounds staff after DGCA notice

Bengaluru incident: Go First grounds staff after DGCA notice

Rediff.com10 Jan 2023

Aviation regulator Directorate Genral of Civil Aviation (DGCA) on Tuesday issued a show cause notice to Go First for 'multiple mistakes' that led to 55 Delhi flight passengers being left behind in a coach at Bangalore airport on Monday and the budget airline has apologised for the incident, saying it happened due to inadvertent oversight in reconciliation.

WHO clears Serum Institute's Covovax for emergency use

WHO clears Serum Institute's Covovax for emergency use

Rediff.com18 Dec 2021

'WHO issued an emergency use listing for Covovax, expanding the basket of WHO-validated vaccines against COVID-19. The vaccine is produced by the Serum Institute of India under licence from Novavax,' the world health body said in a tweet on Friday.

Oxford vaccine may be first to get nod for emergency use in India

Oxford vaccine may be first to get nod for emergency use in India

Rediff.com26 Dec 2020

Once the UK drug regulator gives its approval to the Oxford vaccine, the expert committee on COVID-19 at the Central Drugs Standard Control Organisation (CDSCO) will hold its meeting and thoroughly review the safety and immunogenicity data from the clinical evaluations conducted abroad and in India before granting any emergency authorisation for the vaccine here, official sources said.

The Challenges Before Ola, Uber...

The Challenges Before Ola, Uber...

Rediff.com3 Mar 2023

In many states, aggregators operate without a licence; in others, with the risk of the licence being revoked by any regional transport office on the slightest pretext.

DGCA tells airlines how to handle unruly passengers

DGCA tells airlines how to handle unruly passengers

Rediff.com6 Jan 2023

The guidelines come in the wake of back-to-back two urination incidents on Air India flights last year.

Expert panel seeks more data on SII, Bharat Biotech vaccines

Expert panel seeks more data on SII, Bharat Biotech vaccines

Rediff.com10 Dec 2020

An expert committee of the Central Drugs Standard Control Organisation (CDSCO) on Wednesday sought additional safety and efficacy data for COVID-19 vaccine candidates of Serum Institute and Bharat Biotech, after deliberating upon their applications seeking emergency use authorisation for the shots, official sources said.

Sitharaman urges fintech cos to engage more with govt

Sitharaman urges fintech cos to engage more with govt

Rediff.com20 Sep 2022

Finance Minister Nirmala Sitharaman on Tuesday nudged the fintech industry to break the distance barrier and have more engagements with the government and its agencies to enhance trust. Sitharaman was replying to a question by Kris Gopalakrishnan, chairman, Global Fintech Fest (GFF) 2022 advisory board, who wanted to know how to ensure trust among industry, regulators, and the government. "I don't want to sound cliche, but distance brings distrust. "So, cut the distance down, have greater engagement with the government," the minister said.

Social media platforms now toolkits of terror groups: Jaishankar

Social media platforms now toolkits of terror groups: Jaishankar

Rediff.com29 Oct 2022

He said despite efforts by the UN, the threat of terrorism is only growing and expanding, particularly in Asia and Africa.

9 Crypto Exchanges Under ED Gaze

9 Crypto Exchanges Under ED Gaze

Rediff.com22 Aug 2022

About 300 fintech firms are under investigation by the ED for allegedly partnering 38 non-banking financial companies for predatory lending practices to charge borrowers high interest rates.

ITC Q4 net profit rises 22% to Rs 5,225 cr

ITC Q4 net profit rises 22% to Rs 5,225 cr

Rediff.com18 May 2023

Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.

UK eases travel restrictions for India

UK eases travel restrictions for India

Rediff.com8 Aug 2021

This means fully vaccinated Indian passengers will no longer be subjected to a compulsory 10-day hotel quarantine on their arrival in Britain.

'Fuel at Doorstep' remains a distant dream for retail users

'Fuel at Doorstep' remains a distant dream for retail users

Rediff.com10 May 2018

The permission right now is for delivery only for stationary usage. This limits the service to those who operate units like diesel generation sets.

BSF threatening voters in border areas: Trinamool complains to CEC

BSF threatening voters in border areas: Trinamool complains to CEC

Rediff.com21 Jan 2021

Ruling Trinamool Congress in West Bengal on Thursday met the full bench of the Election Commission of India (ECI) and alleged that the Border Security Force (BSF) is threatening people in the border areas of the state to cast their votes in favour of a particular political party.

Why 1,700 employees of Pfizer's India arm may lose their jobs

Why 1,700 employees of Pfizer's India arm may lose their jobs

Rediff.com10 Jan 2019

A key lesson for the pharmaceutical sector in this case is to not downplay the significant impact that regulatory non-compliance can have on operations.

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

Rediff.com15 Nov 2022

Listed housing finance companies (HFCs), as a group, posted a 3.7 per cent drop in second-quarter (Q2) profit year-on-year (YoY) to Rs 5,830 crore and 19 per cent sequentially on rise in interest expenses and uptick in provisions and write-offs. Operating income rose 13.7 per cent YoY to Rs 54,086 crore in Q2 of 2022-23 (FY23). Sequentially, income was up 62.3 per cent, from Rs 33,331 crore in the first quarter (Q1) of 2021-22 (FY22).

Power stocks to stay charged as heat wave sweeps India, say analysts

Power stocks to stay charged as heat wave sweeps India, say analysts

Rediff.com5 May 2023

As temperatures soar across the country, amid searing heat wave, analysts see power demand hitting fresh record highs this year. The time, therefore, may be opportune to add related stocks on dips as higher demand boosts earnings visibility, they said. On April 18, India's electricity demand touched a new high of 216 gigawatts.

Trust Indian industry: WHO on delay in Covaxin nod

Trust Indian industry: WHO on delay in Covaxin nod

Rediff.com29 Oct 2021

A technical advisory group of the UN health agency which met on Tuesday has sought "additional clarifications" from Bharat Biotech for Covaxin to conduct a final "risk-benefit assessment" for Emergency Use Listing of the vaccine.

Sebi comes out with modalities for accredited investors

Sebi comes out with modalities for accredited investors

Rediff.com26 Aug 2021

Markets regulator Sebi on Thursday came out with detailed modalities for implementation of the accredited investors framework, a move expected to open up a new channel of raising funds from sophisticated investors. The regulator has issued guidelines on eligibility criteria for accredited investors (AIs), procedure as well as validation for accreditation, procedure to avail benefits linked to accreditation and flexibility to investors to withdraw "consent", according to a circular. Sebi had earlier this month introduced the concept of "accredited investors" in the Indian securities market.

'No shell company in Mauritius; Hindenburg allegations false, baseless'

'No shell company in Mauritius; Hindenburg allegations false, baseless'

Rediff.com10 May 2023

In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.

Under Modi India's Slide In World Indexes

Under Modi India's Slide In World Indexes

Rediff.com9 Mar 2023

The rhetoric that we are fed daily needs to be measured against performance and the facts. That is not happening, points out Aakar Patel.

Bharat Biotech to rectify issues with Covaxin raised by WHO

Bharat Biotech to rectify issues with Covaxin raised by WHO

Rediff.com5 Apr 2022

According to sources close to ANI, "Bharat Biotech has informed Union health ministry that it will rectify the issues pointed out by WHO in 15 to 20 days." "World Health Organisation (WHO)'s suspension is not related to safety or efficacy issues but limited only to supply for United Nations agencies."

China's Military Upgrade A Cause Of Concern

China's Military Upgrade A Cause Of Concern

Rediff.com28 Mar 2023

The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.

Fake medicines worth $31 million seized in global crackdown

Fake medicines worth $31 million seized in global crackdown

Rediff.com23 May 2014

The crackdown also targeted 10,603 websites, leading them to be closed down or suspended through having their domain name or payment facilities removed.

Oxford vaccine should be effective against new variant: Report

Oxford vaccine should be effective against new variant: Report

Rediff.com27 Dec 2020

The Oxford vaccine, which also has a tie-up with the Serum Institute of India, is expected to win approval in the UK before Thursday, speeding up the provision of the jab to the most vulnerable groups.