President Financial News

Cetera is hoping to entice more advisors and firms to affiliate with its advisor growth platform by introducing a new guarantee.

By Foo Yun Chee

nutraceuticals, health supplements and drugs in the same facility, said people with knowledge of the development. Under the revised Schedule M of Drugs and Cosmetics Act 1940, a manufacturing facility approved for drugs cannot be used for manufacturing other products. The Drugs Controller General of India (DCGI) has now directed the state authorities to take action against units that have licences to manufacture both drugs and food products and are flouting this norm, the people cited earlier told ET. According to the Federation of Pharma Entrepreneurs (FOPE), any clampdown in this regard will pose a significant challenge to the industry, affecting not only exports but also the domestic market. As per a recent notice by the DCGI, an enforcement and surveillance drive carried out by the Food Safety and Standards Authority of India (FSSAI) found that many units in Himachal Pradesh have dual licences under FSS Act 2006 and Drugs and Cosmetics Act 1940 for manufacturing nutraceuticals, health supplements and drugs in same factory.

By Foo Yun Chee

Alexei Navalny was close to being freed in a prisoner swap at the time of his death, a close ally said on Monday, repeating an allegation by his family and supporters that President Vladimir Putin had him killed. Speaking on YouTube, Maria Pevchikh said talks about exchanging Navalny and two unnamed US nationals for Vadim Krasikov, a Russian FSB security service hit man in jail in Germany, were in their final stages at the time of his death.

Farmers have clashed with police in Belgium, spraying officers with liquid manure and throwing eggs and flares at them in a fresh show of force as the European Union’s agriculture ministers met in search of ways to address the protesters’ concerns

By Jack Queen

Vice President Jagdeep Dhankhar on Monday said that “no democracy can survive, no democracy can thrive, no democracy can blossom unless there is equality before law”. Addressing at the 18th convocation of Mizoram University, Dhankhar said that now equality before law is ground reality and those who used to consider themselves above the law are firmly within its grip. He exhorted the youth to discard traditional paths and said: “Youth need to come out of silo of competitive examinations and reckless pursuit of government job”.

Congress President Mallikarjun Kharge kicked off the party's election campaign for Andhra Pradesh at Anantapur on Monday, ahead of the upcoming state assembly polls and Lok Sabha elections, promising to dole out Rs 5,000 every month for eligible poor households. Kharge termed the monthly dole a 'Congress guarantee' and a poll promise greater than the five 'guarantees' being fulfilled in Karnataka and the six being implemented in Telangana. «This is not a promise, this is a guarantee. Like no other state in India, we are giving a promise for the poor. Every poor family will get Rs 5,000 per month into their accounts,» Kharge said, addressing the party's first election campaign meeting, switching between English and Kannada, as the region has a significant Kannadiga minority and borders Karnataka.

BARCELONA : Ericsson intends to beef up its India presence as local telcos will demand the latest technology ahead of their global peers, the company’s president and chief executive officer Börje Ekholm said in an exclusive interaction with Mint on the sidelines of the mobile world congress (MWC) in Barcelona. “India is a big market, a growing market, and an early adopter of digital technologies. More importantly, it's a technology leading market today, so we need to deploy the latest technologies in India in order to accommodate the growth in traffic and have energy efficiency at the same time.

PARIS—This time last year, Arthur Mensch was 30, still employed at a Google unit here, and artificial intelligence had just started to take off in the public consciousness as something more than science fiction. Since then, so-called generative AI that can converse—and possibly reason—like humans has become the most talked-about technology breakthrough in decades. And the startup Mensch left Google to launch, now all of nine months old, is valued at slightly more than $2 billion.

Alongside Mark Weinberg and Mike Wilson, Rothschild co-founded J. Rothschild Assurance Group in 1991, which would become known as St James's Place Capital, following a reverse takeover in 1997. Rothschild served as chair of RIT Capital Partners from the investment trust's inception to 2019, when he stepped back from the board and took on a role as honorary president. In a statement to the PA news agency, his family said: «Our father Jacob was a towering presence in many peoples' lives — a superbly accomplished financier, a champion of the arts and culture, a devoted public servant, a ...

By David Morgan

By James Oliphant and Nathan Layne

American tariffs of over 60% on Chinese imports? “Add even more," rages one online commentator in the mainland. “I’d be curious to see how ordinary Americans would live." Others think Mr Trump would increase the odds of a war. The world will “never be at peace" with him around, reckons another netizen.

RIA Novosti news service published on Monday. RIA reported that Siluanov’s answer was in response to a question on Russia’s frozen foreign reserves. The group of seven (G-7) nations should be “bolder" in seizing frozen Russian assets, UK Prime Minister Rishi Sunak said in an article published on Sunday.

Samir Arora has said that Google's parent company, Alphabet's CEO Sundar Pichai will be fired or he will resign after Google's AI platform Gemini. Responding to inquiries on social media platform X (formerly Twitter), Arora expressed his belief that Pichai's tenure might come to an end soon, asserting, «My guess is he will be fired or resign — as he should. After being in the lead on AI he has completely failed on this and let others take over.» Samir Arora was responding to a question by a social media user about Google Gemini.

Capri Global Capital, a leading non-banking finance company, has appointed Vivek Jain as its new chief human resources officer (CHRO). Jain will collaborate with the senior leadership team to attract, develop and retain top talent, and create a high performance, entrepreneurial culture. Jain comes with over 25+ years of industry expertise.

Sheikh, the Enforcement Directorate, the CBI, the state home secretary be impleaded as parties in the suo motu matter initiated on the allegations of sexual atrocities on women and land grab of tribal people. A division bench presided by Chief Justice T S Sivagnanam directed that a public notice be given in newspapers by the high court registry stating that Sheikh has been impleaded in the matter, as he is on the run and not seen in public since a mob attack on ED officials on January 5.

Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the Regional Director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru. Think & Learn Pvt Ltd operates under the brand BYJU'S.