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Sun Pharmaceutical Industries and Aurobindo Pharma are recalling products from the US market due to manufacturing issues, according to the US Food & Drug Administration. As per the latest Enforcement Report issued by the American health regulator, a US-based subsidiary of Mumbai-based Sun Pharma is recalling 69,707 cartons of Cequa (cyclosporine ophthalmic solution) from the US market. The medication is used for the treatment of dry eyes.

China’s investment in the Lithium battery industry is seemingly coming back to haunt the country’s smaller battery manufacturers who have invested billions to take advantage of the growing demands as well as the subsidies provided by the government. China’s battery manufacturers are expected to produce 4,800 gigawatt-hours (GWh) of batteries by 2025 while the demand for such batteries is shrinking by the hour. This is not only quadruple of the demand sought by the country’s EV makers, but is also ultimately going to lead to the closure of battery manufacturers that operate in smaller sizes. As per reports from private companies operating in the lithium industry, the production capacity at China’s battery factories is estimated to reach more than twice the demand levels in the country, approximately for 22 million EVs. China, globally accounts for the largest share in processing some of the most essential materials required to produce batteries; such as 65% of the world’s lithium, 74% of cobalt, 100% of graphite and 42% of copper processing units.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “we believe that the capital allocation from the markets has not gone towards discretionary consumption as much as it should have and consequently that, especially the premiumisation of consumption, which is very strong. As per capita income grows, we are already seeing the beginning of premiumisation in automotives, in housing. We are seeing high-end properties, high-end cars selling much faster. We believe that that is a segment which is fully not tapped yet.” Where are you spotting opportunities, either deep value or companies or businesses which are at a cusp of either market share gain or earnings recovery, like pharma and cement. Can you be more specific about where you are finding a combination of either value or growth or both in the next two or three years ? I think that because it's a relative feature. What has happened is that the market has diverted attention towards capital goods and infrastructure heavily over the last few months and hence discretionary consumption has tended to suffer. We believe that is the real cyclical story, because a), they are rate sensitive as EMIs are involved in the purchase of most discretionary consumption items but b)they are highly cyclical because it is mostly middle and small cap companies which borrow heavily and hence interest costs are very high and their plant and investment costs are also very high. So, they are highly leveraged.

Life insurance is a vital financial tool that provides financial security to your loved ones in case of your untimely demise. However, when applying for life insurance, many factors come into play to determine your premium amount. One of these crucial factors is whether or not you smoke. In this article, we will discuss how smoking affects life insurance premiums in India.

Ranil Wickremesinghe has reiterated that such an investigation into the incident was not permissible under the country's law. Responding to Sunday's editorial in the Catholic Church's Messenger newspaper titled «An international investigation team is needed for an independent, transparent, and thorough investigation and monitoring», the President's Media Division (PMD) said, «We cannot endorse the idea of international investigations into Sri Lanka's internal matters.» «The Constitution of Sri Lanka and all other existing laws do not provide for conducting international investigations.

rockets were fired at Israel from the blockaded Gaza Strip at dawn on Saturday as militants from the Palestinian enclave infiltrated Israel, with at least one person killed, the army and medics said. Rockets streamed across the sky repeatedly after the first launches from multiple locations across the Palestinian territory from 06:30 am (0330 GMT), AFP journalists in Gaza City reported. The outbreak of conflict follows months of surging violence in the Israeli-Palestinian conflict, with fatalities in the occupied West Bank hitting a scale not seen in years. Air raid sirens wailed across Israel's south and central areas, with the Israeli army urging the public to stay near bomb shelters. AFP journalists in Jerusalem heard multiple rockets being intercepted, with sirens blaring across the city on more occasions than in any Gaza conflict in the past three years. The armed wing of the Palestinian Islamist group Hamas said it was behind the aerial assault, claiming its militants had launched more than 5,000 rockets. «We decided to put an end to all the crimes of the occupation (Israel), their time for rampaging without being held accountable is over,» the Ezzedine al-Qassam Brigades said. «We announce Operation Al-Aqsa Flood and we fired, in the first strike of 20 minutes, more than 5,000 rockets.» Israel's military said Hamas launched «massive shooting of rockets», while at the same time «terrorists infiltrated into Israeli territory in a number of different locations.» Hamas «will face the consequences and responsibility for these events», an army statement said. A woman in her 60s was killed «due to a direct hit» in Israel, the Magen David Adom emergency services said. Fifteen others were wounded, two of them

The Monetary Authority of Singapore authorized Coinbase to offer institutional and individual crypto payment services one year after receiving an in-principle approval. With 32% of Singaporeans owning crypto, the Coinbase license may boost the uptake and price of the best cryptocurrencies, such as Ethereum (ETH) and VC Spectra (SPCT).

remove child sexual abuse material (CSAM) from their platforms for Indian users, an official statement noted. “Any delay in complying with the notices will result in the withdrawal of their safe harbour protection under Section 79 of the IT Act, which currently shields them from legal liability," it added.

X, YouTube and Telegram asking them to remove pornographic and child sexual abuse material (CSAM) present on their platform. In the notice sent by the ministry of electronics and information technology, all these platforms have been warned that non-compliance with the notice issued would lead to their safe harbour status being withdrawn.

child sexual abuse online, the Ministry of Electronics and IT (MEITY) on Friday issued notices to social media intermediaries X, Youtube and Telegram, warning them to remove Child Sexual Abuse Material (CSAM) from their platforms in India. The Ministry also warned the three social media intermediaries that any delay in complying with the notices will result in the withdrawal of their safe harbor protection under Section 79 of the IT Act, which currently shields them from legal liability. According to IT minister Rajeev Chandrasekhar, “We have sent notices to X, Youtube and Telegram to ensure there are no Child Sexual Abuse Material that exist on their platforms. The Government is determined to build a safe and trusted internet under the IT rules.

stray dogs by feeding them is important, it should not lead to chaos and endanger the public. Chief Justice Prasanna B Varale and Justice Krishna S Dixit, presiding over a public interest litigation (PIL) regarding the alleged delay in implementing the Animal Welfare Board's guidelines by the state government, stated that citizens who feed dogs have a duty to ensure that their actions do not cause inconvenience or health risks to others. The High Court expressed its concern over the government's delay in responding to the PIL and directed them to rectify their behavior within three weeks by filing objections.

allowing aircraft lessors to recover their planes during insolvency proceedings as well. The ministry said that the earlier IBC regime was impacting the agreements between Indian airlines and foreign lessors.

The federal government will be taking five measures that mean food prices should stabilize “soon,” Industry Minister Francois-Philippe Champagne announced in Ottawa Thursday.

the economy, consider the tractor. Historians disagree about who invented the humble machine. Some say it was Richard Trevithick, a British engineer, in 1812.

ejected Kevin McCarthy. Mr McCarthy had only had the gig since January. But the House Republican Party exists in a state of permanent revolution.

assets to family members. Some of the commonly used routes to pass on assets are: Will, gift and Private Family Trusts. Apart from these, even a Hindu Undivided Family (HUF) can play an important role in passing on of assets to one's family members.

small savings schemes. Just like fixed deposits (FDs), recurring deposits (RDs) are also popular investment tools among people, especially salaried and senior citizens. The recurring deposit scheme provides an opportunity to build up savings through regular monthly deposits of fixed sum over a period of time.

The U.S. Securities and Exchange Commission (SEC) has announced settled charges against broker-dealer Citadel Securities LLC for non-compliance with Regulation SHO, a framework aimed at curbing abusive short selling practices. The regulation mandates broker-dealers to appropriately mark sale orders as either long, short, or short exempt. Such records play a pivotal role for regulators in monitoring and preventing illicit short selling activities.

The ASX says it will not allow Magnis Energy Technologies to trade on the exchange after auditors raised concerns about the company’s finances.

Enforcement Directorate is not expected to be «vindictive» in its conduct and must act with utmost probity and fairness, the Supreme Court has held, and directed the anti-money laundering agency to henceforth furnish the grounds of arrest to the accused in writing «without exception». In a significant verdict having far-reaching ramifications, the apex court said being a premier investigating agency charged with the onerous responsibility of curbing the debilitating economic offence of money laundering in the country, every action of the ED in the course of such exercise is expected to be «transparent, above board and conforming to pristine standards of fair play in action». «The ED mantled with far-reaching powers under the stringent Act of 2002, is not expected to be vindictive in its conduct and must be seen to be acting with utmost probity and with the highest degree of dispassion and fairness,» a bench of Justices AS Bopanna and Sanjay Kumar said.

In its fervour to achieve net zero emissions the federal government is increasingly isolated internationally, while its influence on other countries has vanished as, through incompetence and worse, it has tarnished Canada’s brand as a country to emulate.