Indian

DGCI gives nod for phase 2/3 trials of Biological E’s Covid vaccine on those aged between 5 & 18

Sep 1, 2021

India’s drug regulator in July granted permission to Serum Institute of India (SII) for conducting phase 2/3 trials of Covovax on children aged 2 to 17 years with certain conditions.

Govt examining public comments on draft Consumer Protection (e-commerce) Rules

Aug 31, 2021

Ban on fraudulent flash sales and mis-selling, and appointment of chief compliance officer/grievance redressal officer are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government had sought public comments by July 6.

Semiconductor shortage hurting production, may impact Aug-Sep automobile wholesales: Report

Aug 31, 2021

Noting that chip shortages are hurting production and should impact August-September wholesales, Jefferies said, ”companies such as Maruti, Bajaj and Royal Enfield have seen an increased impact in the September quarter.” The recent pandemic-related lockdown in Malaysia might add to the constraints, it added.

Semiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles, computers and cell phones to various other electronic items.

Facebook, Xiaomi want a slice of India’s $1 trillion digital loan market

Aug 31, 2021

Amazon.com also made its maiden investment in the country’s wealth management sector this month, participating in a $40 million round by fintech startup Smallcase Technologies Pvt.Alphabet Inc.’s Google is also upping its game. After offering wealth management products such as digital gold, mutual funds on its popular Google Pay platform, it’s now tied up with small Indian lenders for opening time deposits for its customers.

India’s digital payments market is drawing the attention of some of techs biggest names after online transactions surged during the pandemic and traditional lenders turned cautious following a rise in bad debt. Digital lending is expected to treble to $350 billion by 2023 and reach a total of $1 trillion in the five years since 2019, according to estimates from the Boston Consulting Group.

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International

France’s Covea to acquier PartnerRe for $9 billion

Mar 4, 2020

Thierry Derez, Chairman and CEO of Covéa, said: “This acquisition project comes at a time when the insurance sector is undergoing fundamental transformation, with emergence of new risks and new lifestyles, and increasing new participants entering insurance markets. It perfectly fits our growth strategy, our ability to adapt, the necessary complementarity of expertises and the importance of risks mutualization on a global basis. It would consolidate the future of PartnerRe and our mutual Group, serving the interests of our members and clients, as well as of our employees and partners.”

Europe ‘panicking’ over India’s pharmaceutical export curbs: Industry group

Mar 4, 2020

The government’s list of 26 active pharmaceutical ingredients (APIs) and medicines accounts for 10% of all Indian pharmaceutical exports and includes several antibiotics, such as tinidazole and erythromycin, the hormone progesterone and Vitamin B12.

Coronavirus outbreak: World Bank announces up to $12 bn in immediate funds

Mar 4, 2020

Meanwhile, negotiators in the U.S. House of Representatives and Senate neared a deal on Wednesday on a multi-billion-dollar emergency bill to battle the coronavirus as they narrowed differences over the cost of potential vaccines, congressional aides said.

China’s economic slump over Coronavirus to cut global exports by $50 bn: UN

Mar 4, 2020

The study pointed out that China’s role as a central manufacturing hub for many global businesses meant that “any disruption of China’s output is expected to have repercussions elsewhere through regional and global value chains.”

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