Dr Reddy's to buy nicotine replacement brands from UK-based Haleon for $632 million
The portfolio to be acquired consists of Nicotinell, a global leader in the NRT category with an extensive footprint in over 30 countries spanning Europe, Asia including Japan, and Latin America, and local market-leading brand names of the product – Nicabate in Australia, Thrive in Canada, and Habitrol in New Zealand and Canada. The proposed acquisition will be inclusive of all formats such as lozenge, patch, gum as well as pipeline products, in all applicable global markets outside of the US.
Gold Price Today: Yellow metal opens at Rs 71,515/10 grams, silver down by Rs 2,000 this week
Amidst market fluctuations, following Manoj Kumar Jain's guidance, consider selling gold around Rs 71,650 with a stop loss at Rs 71,860. Expect volatile movements in gold and silver prices this week, influenced by factors like the dollar index and upcoming U.S. economic data. Stay informed to navigate the changing market landscape effectively.
GNSS-based toll collection to add Rs 10,000 crore to India’s toll revenue: Nitin Gadkari
Speaking at the international workshop on GNSS-based electronic toll collection in India, union minister for road transport and highways Nitin Gadkari said since commercial vehicles including trucks account for 75% of annual toll revenue it is important that the new system is implemented on commercial vehicles first. India’s toll collection stood at Rs 64,809.86 crore in 2023-24 as against Rs 48,028.22 crore in 2022-23, an increase of 34.9%.
Gold Price Today: Yellow metal opens at Rs 71,712/10 grams, silver at Rs 88,858/kg
Gold and silver prices on MCX opened flat, with gold at Rs 71,712 per 10 gms and silver at Rs 88,858/kg. Both settled mixed on Monday amid US economic data anticipation.
Enemy within? China is buying land around American military bases
China's proximity to military bases within the US, including a nuclear missile base in Wyoming, raises national security concerns. The US government blocked a Chinese-backed cryptocurrency mining firm from owning land near Francis E. Warren Air Force Base in Wyoming, citing it as a 'national security risk'. The order required the divestment of property operated as a crypto mining facility near the base.
Amid NEET, NET exam mess, UPSC moots AI-based CCTV surveillance to prevent cheating
Amid controversies over NEET and NET exam irregularities, UPSC plans to implement facial recognition and AI-based CCTV systems to prevent cheating. The initiative aims to ensure fair exams for about 26 lakh candidates annually. A tender seeks solutions for biometric authentication and real-time surveillance to enhance the examination process.
Indian envoy visits Berighat Air Base to meet IAF contingent in Egypt
India and Egypt's defence cooperation is growing, with their fourth joint Air Force exercise taking place from June 21-26. India's Ambassador to Egypt, Ajit Gupte, visited the Berighat Air Base to meet the Indian Air Force (IAF) contingent. The exercise, named HOPEX, includes participation from C-17, IL-78, and Rafale aircraft. Egyptian President Abdel Fattah El-Sisi congratulated Prime Minister Narendra Modi on his election victory, expressing hopes for strengthened bilateral ties. PM Modi acknowledged the support and emphasized the momentum in India-Egypt relations.
India, Bangladesh reiterate commitment to free, open, inclusive, secure and rules-based Indo-Pacific
India and Bangladesh have reaffirmed their commitment to a free, open, and rules-based Indo-Pacific region. They will co-lead the Disaster Risk Reduction and Management pillar of the Indo-Pacific Oceans Initiative (IPOI). The joint statement from Prime Ministers Modi and Hasina emphasized cooperation on disaster resilience, climate impact mitigation, and regional integration under BIMSTEC, SAARC, and IORA. They plan to enhance trade, investment, and connectivity, negotiate a Comprehensive Economic Partnership Agreement (CEPA), and strengthen defense ties.
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