Aware Financial News
12.07 / 18:53
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Manufacturing
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Department
medicines
Pharmaceuticals
Nutraceuticals may get cheaper as panel looks to regulate prices
affordable for the consumer. A panel formed to address regulatory challenges with regard to nutraceuticals is looking at ways to regulate their prices, people in the know told ET. At present nutraceuticals come under the ambit of Food Safety and Standards Authority of India (FSSAI) and there are no such price regulations. «Nutraceuticals are generally sold as over the counter (OTC) products. It has been seen that pharma companies are marketing them at high prices,» said an official aware of the line of thought in the government. «For example, in the case of vitamins, the companies are using active pharmaceutical ingredients (API) for manufacturing a medicine. They then mix it with another ingredient to make it into a nutraceutical and sell it at exorbitant prices,» he added. At present, there are no rules and regulations to regulate the prices of nutraceuticals. «But this is going to get changed,» another person said. Senior officials from the ministry of health and family welfare, department of pharmaceuticals are (DoP), ministry of food processing industries, FSSAI, the Drugs Controller General of India (DCGI), director general of the Indian Council of Medical Research (ICMR) and the director general of health services are actively discussing the issue and will soon come out with measures to regulate the prices.
12.07 / 17:46
markets
COST
Digital
Aware
economy
Election
Food
Budget 2024: Agriculture & FMCG sectors seek better infra & tech to help farmers tackle climate change, inflationary pressures
agriculture and FMCG sectors have requested the government to use the budget to address the challenges they face due to drought, climate change and inflationary pressures. The requests were made during pre-budget consultations with Finance Minister Nirmala Sitharaman. The minister is scheduled to present the Union Budget on July 23, after presenting an interim budget in February due to Lok Sabha elections. Ashok Kumar, Associate Director, Farm Prosperity, Transform Rural India (TRI), tells ET Digital that a robust crop insurance mechanism is of paramount importance for farmers as weather risks have emerged as a major threat due to climate change. The budget should also focus on safe food production practices and support the production of chemical-free products that are safe for consumption. “Value addition and procurement have to be facilitated near farms. That will lead to higher income. Investment should be announced in quality energy access in farms and processing of primary agriculture produce. Photovoltaic systems could be a potential solution to meet the energy requirement of the agri sector,” says Kumar.
12.07 / 17:32
Aware
Election
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rights
CM Shinde slams Patole, says Congress has no moral right to speak on corruption
Maharashtra chief minister Eknath Shinde on Sunday slammed the Congress for accusing the BJP-led National Democratic Alliance (NDA) of corruption. He said the people of the nation are aware of the several scams that took place when the Congress-led UPA government was in power between 2004 and 2014. «The Congress has no moral right to speak on corruption. We saw scams in coal allotment, Commonwealth Games, Augusta helicopter purchase etc. Congress rule was about cut, commission and corruption,» Shinde told reporters at Nagpur airport. He was replying to a reported statement by Maharashtra Congress chief Nana Patole calling Prime Minister Narendra Modi the leader of corrupt people.
12.07 / 17:31
UPS
Aware
Flushing
show
recommendations
patient
symptoms
An old bias against hormone therapy is hurting Indian women
Also read: Understanding metabolic syndrome, which affects 1 in 3 Indians In 2002, WHI released preliminary findings from a study undertaken to determine whether HRT protected women from heart disease and whether it increased the risk of breast cancer. The findings indicated that combined oestrogen and progestogen therapy showed elevated risks of breast cancer, heart disease, stroke and blood clots among the participating women, and the study was halted. Later, meta-studies and clarifications repudiated many of the WHI findings, but a culture of over-cautiousness had set in—and continues to be an influential factor in the clinical treatment of menopause.
12.07 / 16:54
Citi
Provident
Waters
Aware
recommendations
prevention
rights
Bengaluru flat owners seek registration of apartment land in their names, clarity over maintenance charges
title deeds of the plots on which their apartments stand be transferred to their association by executing a registered conveyance deed. This move comes in response to the alleged reluctance of many builders in Bengaluru and other parts of Karnataka to comply with this legal requirement, allowing some promoters to mortgage the land or initiate new construction projects even years after the apartments have been sold. According to Sections 11 and 17 of the Real Estate Regulatory Authority (RERA) Act, promoters or builders are mandated to execute a registered conveyance deed of the undivided proportionate title in common areas to the association of allottees within three months of obtaining the occupation certificate or the completion certificate. Despite this legal obligation, many builders have failed to comply, leaving apartment owners in a precarious position regarding their ownership rights. This issue was a focal point during a session organized by the Bangalore City Flat Owners’ Association (BCFOWA), a not-for-profit organization dedicated to spreading awareness about the ownership, management, and maintenance of apartments and properties. Over 30 members from various apartment associations attended the session, highlighting the widespread concern among flat owners.
12.07 / 16:32
Citi
Aware
Southern
country
Investigations
hockey
Police presence boosted as Hells Angels roll into Lethbridge to open new chapter
Police from across Canada will be descending upon Lethbridge this weekend as members of the Hells Angels and supporters of the motorcycle gang roll into the southern Alberta city.
12.07 / 15:54
Provident
Aware
Bill
Courts
Federal judge orders mediation to break impasse over Puerto Rico power company debt
A federal judge overseeing a drawn-out debt-restructuring process for Puerto Rico’s power company has ordered all parties to mediation
12.07 / 15:49
12.07 / 15:45
Citi
Target
Aware
Platform
Food
country
Schools
Zomato suspends hyperlocal goods delivery service Xtreme, restarts Intercity Legends: sources
Zomato has suspended its hyperlocal goods delivery service ‘Xtreme’ on account of poor demand, according to people aware of the matter. The food delivery platform had launched the service in October last year. Separately, the company has also relaunched its intercity food delivery offering ‘Legends’ in a third avatar.
12.07 / 15:41
Provident
Aware
MicroStrategy
Parke
Patrick
Trade
Podcasts
Is Warren Buffett aware that the US dollar is losing 99.99% of its value? What did Michael Saylor say about this?
US Dollar is a powerful currency. It is a currency of global trade and has managed to retain its significance due to the economic and political stability of the US. This may not last long, according to MicroStrategy Chairman and co-founder Michael Saylor. In an episode of PBD Podcast hosted by Patrick Bet-David, he attributed the growing inflation and cryptocurrencies as the reasons why the US Dollar will lose its value. Saylor said that investors like Warren Buffett were aware of these realities. He compared the greenbacks to the Argentinian Peso. It is still the strongest currency.
12.07 / 14:26
Aware
Career
Charity
Election
Healthcare
inclusion
Sojan Joseph: Mental health nurse from Kerala and now UK's new MP
Sojan Joseph, a mental health nurse in the National Health Service (NHS) who migrated from Kerala 22 years ago, is among the new crop of Labour members of Parliament elected to the House of Commons in the UK general election this week. Joseph, 49, connected with the voters at the doorstep with his pledge to ensure more mental health services in his constituency and succeeded in making a dent in the Conservative stronghold of Ashford in Kent, south-eastern England. In defeating Tory stalwart and former minister Damian Green, Joseph also dealt a blow to the anti-immigration rhetoric of the right-wing candidates in a seat where the far-right Reform UK came in third place after the Tories. «I am humbled with the trust you all placed in me and fully aware of the responsibilities that come with it. I will work hard for everyone in Ashford, Hawkinge and villages,» said Joseph in his acceptance speech on Friday.
12.07 / 14:26
markets
Aware
CEO
country
beautiful
reports
Department
Shoppers Stop plans large-format standalone outlets, will also house Aditya Birla Group’s The Collective
Shoppers Stop, India’s oldest department store chain, plans to enter luxury retailing with large-format standalone stores that will sell brands such as Gucci and Louis Vuitton, one person aware of the company’s plans told ET. The new format will also house the Aditya Birla Group’s luxury store The Collective, the person said. The company plans to launch two luxury outlets this fiscal year and one of them could be in Kolkata, the other in Mumbai, the person said.
12.07 / 13:50
UPS
Progressive
Aware
Analysis
information
Courts
Customers
Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.
12.07 / 13:46
Provident
Waves
Waters
Aware
performer
electronic
reports
Ensure round-the-clock power backup at your home with inverters, batteries, and combo options: Top 8 picks
What are buyers saying on Amazon?Buyers appreciate the inverter's appearance, LED, and overall value. However, some have experienced heating and charging problems, while others find it noisy during operation.Why choose this product?Choose this inverter if you need a reliable backup power solution with a pure sine wave output for sensitive electronics. Its digital display and wide battery compatibility are additional advantages.
12.07 / 13:27
UPS
Citi
Aware
Manufacturing
Mobile
Xiaomi
FIH
Bharat FIH plans factory reset on board, order woes
Foxconn group's Bharat FIH is weathering a rough spell, having lost three independent directors in the last three months, people aware of developments told ET. The company is also likely to shutter its manufacturing facility in Sri City, Andhra Pradesh, due to a massive drop in orders from key client Xiaomi, they said. Industry watchers feel Bharat FIH was too dependent on the Chinese smartphone maker and did not keep up with the competition. Among those who have exited the Bharat FIH board are InterGlobe Aviation chairman Venkataramani Sumantran, Sify Technologies cofounder Ramaraj R, and former IT and telecom secretary Aruna Sundararajan.
12.07 / 13:25
12.07 / 12:35
markets
COST
FIVE
Aware
Manufacturing
Tesla
guidelines
New EV policy may allow ongoing investments for incentives, Vinfast to benefit
New Delhi: The government is likely to allow electric vehicle (EV) makers to benefit from a new policy that was announced this March, even if their investments were made earlier, according to two officials aware of the development. Such a move would benefit Vietnam's EV maker VinFast, which had announced in January that it would build an EV plant in India, the first official cited above said on condition of anonymity, adding that the new policy may attract a few more global EV makers to manufacture in India.
12.07 / 12:30
UPS
Aware
Software
Enterprise
stage
reports
Schools
Goldman Sachs nears $30-50 million MoEngage deal in signs of SaaS deals comeback
Goldman Sachs is in advanced stages of talks to double down on enterprise software-as-a-service (SaaS) company MoEngage with a $35-50-million investment through a secondary transaction. The development comes amid increased deal activity in late-stage SaaS startups, with companies such as Whatfix, Innovaccer, Icertis, Atlan and Rocketlane having raised funds or are in the process of finalising rounds.
01.07 / 09:47
markets
COST
Provident
Aware
CEO
security
Strategy
Retirement Planning: How to reach your goal of retiring early
Retiring early, at an age before 60 or even 50, is becoming more and more appealing to many individuals, thanks to the increasing awareness of financial planning and the availability of various investment options. Attaining this objective necessitates a disciplined approach to saving and investing. However, the decision to retire early should not be made hastily. It is essential to evaluate your current financial situation and make adjustments to your investment and savings in line with your retirement objectives.
01.07 / 01:49
UPS
Aware
security
Death
Bill
information
rights
Posters put up at various police stations in Delhi to create awareness on new criminal laws
new criminal laws come into effect today, posters about them have been put up in various police stations to create awareness among the people.
30.06 / 21:43
Target
Coca-Cola
Aware
Enterprise
PepsiCo
recommendations
International
DEG-IFC-ADB trio eyes renewable energy firm Fourth Partner
investing $300 million to acquire a majority stake in renewable energy (RE) firm Fourth Partner Energy, two people aware of the development said.
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