The regulator further said that the claims printed on the pack...
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Regulation
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Govt caps trade margins at 30 pc of MRP for anti-cancer drugs
The move addresses excessive trade mark-ups and aims to improve...
NMC bars AI-generated patient testimonials, clinical outcomes in medical advertising
The guidelines prohibit registered medical practitioners and...
UN chief calls for AI pact to prevent rise of killer robots
Antonio Guterres,secretary general of the United Nations “We are witnessing an extraordinary transfer of power away from government to a handful of private corporations and individuals,” Antonio Guterres,secretary general of the United Nations, said as he appealed for...
FSSAI starts penal action against Amazon, Swiggy, BigBasket, others
In a social media post, the Food Safety and Standards Authority of India (FSSAI) informed that it has launched a "major crackdown on e-commerce platforms, including Amazon, Swiggy Instamart, BigBasket, Flipkart India and Zepto over regulatory non-compliances". The...
EU to require data centres to disclose energy and water efficiency
To attempt to incentivise companies to build more energy- and water-efficient data centers, the Commission has proposed a rating scheme for facilities, to make this information more transparent. Australia’s state of Victoria has banned the construction of data centers...
IRDAI repeals guidelines on repatriation of dividends by intermediaries owned by foreign investors
The new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, among other things, has removed the requirement of obtaining prior approval of the Authority for the repatriation of dividends and the condition on related party payments. Hyderabad:The IRDAI said it...
IRDAI fines Canara HSBC Life and IndusInd bank Rs 1 cr each for violating norms
Indian insurance regulator IRDAI has imposed a fine of Rs one crore each on Canara HSBC Life Insurance and IndusInd Bank for violating regulations. Canara HSBC Life Insurance had sold a deferred annuity policy with an annual premium of Rs 2 lakh and a four-year...
FSSAI initiates legal action against Nestle India over infant nutrition products
According to FSSAI, it examined NAN Excella Pro Stage 1, Lactogen Pro 1, and a follow-up formula along with their promotional material available on e-commerce platforms.Both the products were found to be in contravention of Regulation 4(2) of the Food Safety and...
Financial fragmentation could amplify shocks across global insurance markets: Geneva Association report
Jad Ariss, managing director of the Geneva Association, said, "The global economy is entering a new phase in which geopolitical considerations are playing a greater role in shaping financial markets. For an industry built on international risk sharing and long-term...
BRICS finance chiefs urge reform of global development financial institutions
"We continue to have serious concerns with the unilateral imposition of trade and finance-related actions, including the raising of tariffs and non-tariff measures, which distort trade and are inconsistent with World Trade Organisation rules," the finance chiefs'...
NSE IPO Price Band Set: Rs 1,700-1,785; Opens Sep 17
The IPO will be entirely an offer for sale (OFS) of up to 12.64 crore equity shares by existing shareholders including some state owned insurers , compared with 14.9 crore shares planned earlier. The reduction in the OFS size has brought down the overall issue size...
From digital India to intelligent India: Jyotiraditya Scindia outlines vision for trusted digital finance
Union Minister for Communications Jyotiraditya Scindia cited the Financial Fraud Risk Indicator (FFRI), mandated by the Reserve Bank of India, as part of efforts to identify suspicious transactions and strengthen coordination across the banking ecosystem.The system...